UK fintech Paytrix lands $18.3m in Series A funding round
The Series A follows a pre-seed funding round held last year, when it raised £5 million.
API
Zenus Bank acquires FUEX Payments for undisclosed sum
Founded last year and based in Puerto Rico, FUEX Payments operates in the Caribbean and Latin American markets.
Visa and Mastercard reportedly in talks to acquire Pismo
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Ingenico acquires smartphone payment acceptance fintech Phos
Phos enables merchants to accept payments directly from NFC-enabled Android devices.
Video: First Direct at FinovateEurope 2023 – The future of open banking
Saira Khan, head of innovation and partnerships at First Direct, discusses what the future might hold for open banking.
Video: CompoSecure at FinovateEurope 2023 – Security and innovation in digital payments
Dr Adam Lowe of CompoSecure discusses how to combat the growing number of cybersecurity threats in digital payments.
JP Morgan to pilot biometric payments in the US
If the pilot is successful, JP Morgan intends for a wider rollout to US merchants in 2024.
ICYMI fintech funding round-up: Wingspan, Monite, Fundpath and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Plend partners GoCardless for variable recurring payments solution
VRPs will allow Plend customers to change their payment schedule to suit their financial circumstances.
Pay.com partners Cross River to drive US expansion
Cross River’s compliance, payments and tech infrastructure will allow Pay.com to “scale and reach new markets”.
Seilern Investment Management taps Finbourne for LUSID data platform
Seilern will utilise the cloud-native LUSID platform to optimise its investment decision making.
Enfuce and Science Card look to boost scientific research funding with new card offering
Users will be able to fund scientific projects of their choice through their day-to-day payment activities.
BNP Paribas and Hokodo team up to launch new B2B BNPL offering
The solution will enable large corporates to provide payment alternatives to their business customers.
Anchorage Digital to cut 20% of staff as part of “strategic realignment”
Despite a “robust and growing” business, Anchorage says the cuts are a necessary part of a “strategic realignment”.
Hong Kong’s Livi Bank launches Livi Business for SMEs
Livi Business offers SMEs and entrepreneurs access to “fast, simple and personalised” financial services.
Rain partners Tarabut Gateway for open banking API
Rain will make use of Tarabut’s open banking payment solutions to facilitate on and off-ramp transactions for users.
Apexx Global bags $25m in Series B funding round
With the new funds, Apexx Global plans to expand further across North America.
If you build it, the money will come
The BaaS companies that will succeed will be those with a strong growth strategy.
Tintra taps Temenos to power new bank for emerging markets
Tintra plans to link emerging market clients with global financial opportunities.
French fintech Aria bags €50m debt facility
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution.
French fintech N2F lands €24m funding to fuel expansion plans
N2F is looking to expand across Europe and will recruit 200 new employees over the next five years.
Budgeting app Buddy taps Klarna Kosma for automatic expense tracking
The partnership has resulted in 52% more monthly active users for Buddy, Klarna Kosma says.
US fintech Finch lands $40m in Series B funding
The round was co-led by General Catalyst and Menlo Ventures.
Shanghai Commercial Bank taps Salt Edge for PSD2 compliance solution
With the partnership, the bank says it will be able to offer customers a secure connection to external apps.
Clarency taps Form3 for access to Swift network
With the partnership, Clarency’s global customers will be able to send and receive payments on the Swift network.
Stripe unveils Tap to Pay for Android devices
Tap to Pay allows businesses to accept contactless payments using an NFC-enabled Android device.
WealthKernel names Michael Rigby as new chief compliance officer
Rigby joins from Investec Wealth and Investment and brings over 30 years’ worth of experience to the role.
North America fintech funding round-up: Vexi, Comun, ModernFi & more
A round-up of the latest funding endeavours of fintech start-ups from across North America.
Financial market data provider Quodd acquires Xignite
The combined business will serve more than 2,200 companies.
Unity Small Finance Bank taps M2P for core banking upgrade
The Indian bank will deploy M2P’s Turing CBS offering.
Ghana’s Fortek partners Codebase for Digibanc platform
It is hoped the partnership will “accelerate digitisation” and boost entrepreneurship in Africa.
Finzly opens up access to FedNow via API connection
Developers from fintechs and banks can now access the sandbox environment of FedNow via Finzly’s API.
Open banking fintech Tarabut Gateway appoints new VP of engineering
Derek Lakin has more than 20 years’ worth of experience in the software industry.
Treasury Prime bags $40m in Series C funding
With the funding, Treasury Prime plans to build out its solution and develop new products and services.
US payments platform Moov lands $45m Series B
The funding will be used to refine and scale the platform, and address new payments use cases.
Swiss private bank Bergos goes live with FNZ’s core banking tech
Bergos customers will now be able to manage their finances through a mobile app.
Valor PayTech hires Riaz Ladha and Eric Kirk to lead new business unit
Valor CEO Eric Bernstein says the pair will help the firm build new partnerships.
Marqeta appoints Simon Khalaf as new CEO
Khalaf joined in June as chief product officer and will replace founder, chair and current CEO Jason Gardner.
CMA warns HSBC over breaches of retail banking order
The CMA’s letter says that HSBC “self-reported” the breaches following a review of its compliance.
FCA greenlights Nova Credit to provide credit references for new arrivals
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
