Europe fintech funding round-up: Ark Kapital, Credix and Nokkel
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK
ClearBank hires Andrew Barker as new chief revenue officer
Barker brings more than 25 years’ worth of experience in the technology space to the role.
New challenger bank in the UK – StreamBank
StreamBank intends to be a partner for property professionals looking for bridging or development finance.
B2C2 names ex-Morgan Stanley exec as new CEO, EMEA
Thomas Restout says he aims to help the firm “accelerate expansion”.
Compliance regtech SteelEye raises $21m Series B funding
SteelEye claims the $21m Series B marks the largest raise by a European regtech firm in 2022.
ICMA names Georgina Jarratt as head of fintech and digitalisation
Jarratt has 30 years’ worth of experience across financial services, telco and utilities.
Kani Payments appoints Dan Clappison as COO to boost expansion
Clappison joins from Virgin Money, having also previously worked at TSYS and Newcastle Building Society.
St James’s Place taps AML regtech Napier for customer screening solution
Napier offers an AI-led platform for AML and trade compliance.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
UK’s Paysend appoints Wilhelm Rohde as group CFO
Rohde joins from Swisscard, a joint venture between American Express and Credit Suisse.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
African challenger Kuda cuts 5% of workforce
Kuda says cuts were made across growth, marketing and product departments in the company.
US fintech Carta snaps up UK counterpart Capdesk
Together, the firms also have plans to expand into new markets such as India and Singapore.
Momentum Metropolitan taps Duco for no-code data automation solution
Momentum went live with Duco’s platform as part of a wider data automation strategy.
ING to shut down Yolt’s open banking operations
ING says it evaluated all options and concluded it is “not feasible to achieve its ambitions with Yolt”.
Europe fintech funding round-up: Justhome, Ryft and SageWealth
A fintech funding round-up featuring three start-ups from Europe.
Zepz appoints former Bill.com exec Mark Lenhard as group CEO
Lenhard has 20 years’ experience in the payments space.
UK parliamentary group on challengers calls for financial services “big bang”
The APPG says reforms in the sector could support the government’s levelling-up agenda.
Darlington Building Society taps LexisNexis to help fight fraud
The firm will look to utilise LexisNexis’ RiskNarrative platform.
Jupiter Fund Management looks to sell its stake in Starling Bank
The firm’s stake in the UK challenger bank is approximately 10%.
Oxbury Bank lands £25m in Tier 2 capital funding
The capital facility will enable the bank to lend an additional £250m to British agriculture firms through to 2023.
Railsr appoints former Mastercard chair Rick Haythornthwaite as first chairman
Haythornthwaite currently chairs Ocado and the AA and previously chaired energy firm Centrica.
Meniga names Simon Shorthose as new CEO
Shorthose takes over from co-founder Georg Ludviksson, who remains a shareholder of the company.
UK fintechs Finexos and Wombat land funding
Finexos has raised £695,000 and Wombat has raised £4.2 million.
Fana launches to unite enterprises, charities and consumers on one platform
UK-based Fana is now preparing to launch a seed funding round.
Nationwide partners Moneyhub for open banking payments tech
Moneyhub’s open banking PIS technology allows savers to add money to accounts from day one.
Capital on Tap lands £200m credit line from JP Morgan and Triple Point
Capital on Tap says the funding will help SMEs access credit at a time when the UK is anticipating a recession.
Capital markets firm Davy taps Torstone for post-trade processing solution
Davy will deploy the Torstone Platform for its post-trade processing.
AJ Bell taps Lloyds for FundBy Bank payment solution
The solution will offer users an alternative to funding transactions through card payments or online banking.
OneBanx taps regtech PassFort for know your business solution
PassFort says the solution will enable “seamless” onboarding for business customers.
FCA tells BNPL firms to ensure ads are “clear, fair and not misleading”
The FCA is “proactively monitoring the market to ensure expectations are met”.
Paytech firm Elavon hires Hemlata Narasimhan as president of European operations
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
GB Bank receives full banking licence, set to lend £3bn over five years
The bank will support the creation of more than 100,000 jobs and 20,000 new homes.
UK mortgage lender Perenna obtains banking licence
Perenna intends to offer long-term fixed rate mortgages in the near future.
Investment platform Vyzer taps Salt Edge for open banking API solution
The firm will leverage Salt Edge’s Account Information API and data enrichment solutions.
Proptech IMMO hires Hima Mandali as new CTO
Mandali will be responsible for scaling and developing the firm’s platform and products.
Monzo and Starling top latest CMA customer satisfaction survey
The results are from a survey carried out between July 2021 and June 2022 by market research firm Ipsos.
P2P lender Assetz Capital agrees £200m funding partnership with Aeon
Over the next three years, Aeon will pour the cash into SME loans arranged by Assetz Capital.
Crypto ecosystem Nebeus partners Modulr to bridge fiat and crypto
Nebeus will be able to issue branded virtual and physical cards across the UK and Europe.
Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
