New US fintech Menta picks Agora to power credit builder platform
Menta’s platform is designed to improve access to credit for the underbanked.
USA
Paytech start-up Extend raises $40m in Series B round
The New York start-up wants to modernise the payments industry “from the inside out”.
Sports and entertainment-focused fintech SEMA launches in US
SEMA offers members in the creative and sports industries concierge financial services.
Financial management platform HoneyBook lands $250m Series E funding
The Californian company manages client flow and cash flow for independent business owners.
HSBC taps CloudBees to streamline software delivery
The bank hopes to address the challenges associated with software delivery at scale.
Athlete-focused financial wellness app Scout launches in US
Scout aims to connect users with “the world’s top athletes and business minds”.
Wealthtech TIFIN lands $47m in Series C funding
The fintech believes data and technology can deliver “better wealth outcomes for individuals”.
Digital trade finance platform Drip raises $175m in equity and debt funding
Drip provides SMEs across India, Mexico and the US access to collateral-free credit.
Climate tech SaaS start-up Persefoni raises $101m in Series B round
Carbon footprint calculator Persefoni wants to be the first “ERP for carbon data”.
Oracle wins trio of new clients in US, Vietnam, and Uzbekistan
Protego Trust Bank, InFinBank, and Toyota Financial Services all pick Oracle systems.
Joshua Barraclough moves from JP Morgan to crypto trading platform Bitpanda
The new recruit takes the CEO role at Bitpanda’s crypto exchange, Bitpanda Pro.
US immigrant services neobank Zolve gains $40m Series A funding
The funding round takes the 10-month-old company’s valuation to $210 million.
Visa invests in fintech start-up Deserve to drive adoption of crypto-powered cards
The investment expands a partnership that began under Visa’s Fintech Fast Track programme.
New US fintech Marygold & Co to provide ‘all-in-one’ payment service
Fintech will offer customers a contactless debit card and fee-free usage of ATMs.
Mortgage fintech Maxwell closes $52.5m funding round
The start-up supports small and medium-sized local lenders in the US.
Mastercard partners digital asset platform Bakkt to offer ‘Crypto-as-a-Service’
Partnership forms part of Mastercard’s broader crypto strategy.
LGBTQ+ neobank Daylight loses head of product Ethan Teng
Teng says the decision is “one of the easiest and also one of the hardest decisions” he’s made.
Banking Tech Awards USA 2022 – call for judges
An unrivalled opportunity to be on the forefront of fintech and banking tech innovation and gain exclusive insights.
Nymbus to power core banking at US community lender PeoplesBank
Both parties have expanded a partnership following the launch of a digital bank last year.
AmEx and Goldman Sachs partner to deliver cloud-based corporate payments platform
The platform will support multiple payment options and offer data and analytics dashboards.
Stripe acquires Indian accounting software firm Recko
The acquisition reflects a broader investment strategy in India, the fintech says.
Revolut hires new Mexico CEO as US exec announces departure
Ronald Oliveira is expected to leave the fintech, while Juan Miguel Guerra joins.
M1 Finance CEO buys First National Bank of Buhl
Brian Barnes plans to turn community bank into BaaS provider.
Arival Bank lands banking licence in Puerto Rico
Arival plans to provide services to international software firms and underbanked businesses.
Deel hits $5.5bn valuation following $425m Series D round
Deel reports more than 4,500 customers worldwide in over 150 countries.
New social investing app AleFi launches in US
AleFi aims to help new retail traders understand the market and follow trends.
SoFi partners Pagaya to boost access to financial services
SoFi plans to extend its credit lending services to a broader audience.
Silver Lake to acquire 10% stake in Euroclear from ICE in $825m deal
The deal could be finalised by the middle of next year and is subject to regulatory approval.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
Citi picks Capital One’s Naveed Anwar for digital head of TTS
The Capital One man is an industry veteran of 20 years across PayPal, eBay and AOL.
Bond trading fintech Trumid secures $208m in financing to fuel growth
Cash will be used for technology development and to expand into new markets.
Embedded finance platform Alviere lands $70m in funding
New York-based fintech start-up raised the cash across two funding rounds.
Brazilian core banking firm Pismo lands $108m Series B from Amazon, SoftBank
Pismo plans to break into the US, Europe, and Asia in the coming years.
CFTC hits Tether with $41m fine for ‘misleading’ stablecoin claims
US regulator says Tether only backed by reserves for six and a half months between 2016 and 2018.
Goldman Sachs gets green light for total ownership of Chinese venture
Goldman becomes the second US bank to buy out its Chinese mainland joint venture partner.
Fintech start-up Tala secures $145m Series E funding
California-based firm will look to expand its product offering and grow its team.
Worker’s Credit Union picks Fusion Phoenix for new core system
The Massachusetts-based firm is also taking a handful of ancillary Finastra systems.
BaaS platform Productfy raises $16m and forms card issuance partnership
Productfy provides companies with embeddable modules for payments, deposits, and card issuance.
Green Dot picks Temenos Banking Cloud to digitise partner accounts
Prepaid debit card firm plans to roll new system out across multiple channels.
Capital One acquires SME travel fintech Lola
Lola announced a cessation of operations last month.
