BNPL firms Zip and Sezzle agree to call off proposed merger agreement
The merger was initially announced earlier this year.
USA
Digital banking tech firm Apiture lands $29m funding
The investment brings the company’s total funding raised since its inception in 2017 to $69 million.
US fintech Pico receives $200m investment from Golden Gate Capital
The new funds will be used to pursue M&A opportunities.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
US fintech funding round-up: Finalis, Quiltt and Realfinity
A handy Friday funding round-up of US-based fintech start-ups: Finalis, Quiltt and Realfinity.
How Zolve is helping US immigrants land on their feet
Zolve helps immigrants accelerate their financial health through products that build wealth in the long run.
US crypto firm Celsius files for bankruptcy protection
Celsius has initiated voluntary Chapter 11 proceedings as it looks to restructure and “stabilise its business”.
Wealthtech Tifin acquires SharingAlpha to boost international presence
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform.
New paytech Argyle Payments launches in the US
Argyle will support payments for small and midsize merchants in “high-margin” specialty markets.
Recurring-revenue business lender Capchase secures $400m debt financing
The funds will be used to support SaaS start-ups across the US and Europe.
Neobank Kinly taps open finance fintech MX for data aggregation solutions
Kinly says it will leverage clean data and personalised financial alerts from MX to help Black American communities.
US banking start-up BetaBank taps Finxact for cloud-native core
Chicago-based BetaBank submitted its banking charter application in April this year.
Deuna lands $30m in Series A funding round
Deuna plans to use the funds to expand into Latin America, develop its product and hire new talent.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Sid Jajodia appointed as Revolut’s new US CEO
Jajodia joined Revolut as chief banking officer in 2021 and will continue in this role alongside his new position.
Binance.US hires ex-PayPal exec Jasmine Lee as CFO as firm eyes IPO
Lee joins from micro-investing app Acorns, where she served as CFO and COO.
US crypto firm Voyager Digital files for bankruptcy protection
The firm says it has “filed voluntary petitions for Chapter 11 protection to implement restructuring”.
Linkbancorp taps Jack Henry for digital banking and lending upgrade
Linkbancorp will look to utilise Jack Henry’s Banno Digital Platform and LoanVantage offerings.
US fintech funding round-up: Stake, Finli, Crescent and OpenFin
Our weekly round-up for you to get the latest fintech funding news from the US.
Banking Tech Awards USA 2022 Winner: Hamilton Reserve Bank – Best Use of Risk, Compliance & Fraud Protection Technology
Hamilton Reserve Bank and authID on the benefits of seamless and secure digital identity assurance.
Wyre partners MoneyGram to allow crypto-to-cash conversion
It’s hoped the integration will address a “major pain point for users” in the crypto ecosystem.
Accounts receivables platform Tesorio bags $17m in Series B round
The new capital takes Tesorio’s total funding raised to date to $37.6 million.
Banking Tech Awards USA 2022 Winner: Symphony AyasdiAI – Tech of the Future
AI does not look for a needle in a haystack, but rather for a needle in a stack of needles.
New digital payment platform Kasheesh launches in US
Kasheesh reduces the cost burden on individual cards and helps users build their credit scores.
Banking Tech Awards USA 2022 Winner: Freddie Mac – Best UX/CX in Finance Initiative
Get Clarity into mortgage credit risk investing through Freddie Mac.
Aussie BNPL firm Openpay puts a pause on US operations
The company’s available capital and funding will be redirected to its Australian business.
US crypto platform Voyager Digital suspends all trading, deposits and withdrawals
Voyager’s CEO cites “current market conditions” as the reason behind the decision.
WTH are ZKPs? Making blockchain transactions private
In order to gain or have mainstream adoption of blockchain tech, it needs to be private.
Fintech start-up April secures $30m Series A to grow its embedded tax platform
Since launching in January 2022, the company has now raised $40 million in total capital.
Lead Bank creates new BaaS position, appoints industry veteran Huma Usmani
In her new role, Usmani will focus on expanding the bank’s network of fintech partnerships.
Bain Capital taps Chekk for KYB and KYC solutions
Chekk says its SaaS solutions “remove the pain and costs” from interactions between companies and customers.
London BNPL firm Zilch raises additional $50m in Series C extension
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
Tenet launches financing platform to drive EV adoption
The firm has also raised $18 million in seed funding.
Flyp taps Galileo to power its mobile banking platform
Galileo’s solution will serve as the backbone for Flyp’s “gamified” BaaS platform.
Technisys integrates Cyberbank platform with Microsoft Cloud for Financial Services
The integration will give financial institutions the ability to scale and boost digital transformation efforts.
Credit-building start-up StellarFi launches web app in the US
StellarFi claims to be the only app that reports all bill payments directly to Experian, TransUnion and Equifax.
Data platform SAS acquires financial risk management firm Kamakura
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Earned wage access platform Tapcheck raises $20m Series A
Tapcheck says cash advances relieve the stress that usually comes with living paycheck to paycheck.
Marygold acquires Tiger Financial & Asset Management for UK expansion
Tiger’s core business is managing clients’ financial wealth across a range of products.
Citi partners METACO to develop digital asset custody capabilities
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
