Saudi fintech Hala acquires UAE paytech Paymennt.com
Maher Loubieh, co-founder of Hala, says Paymennt’s product was a “clear fit” with their own strategy.
Business-to-Business/B2B
African ID verification platform Smile Identity nabs $20m Series B
The latest funding round brings Smile Identity’s total capital raised to date to $31 million.
Aussie fintech Shift lands $18m in Series C funding
Shift provides a credit and payments platform for Australian businesses.
India’s PhonePe nets additional $100m in ongoing fundraise
The new capital infusion follows a $350 million fundraise from General Atlantic last month.
NatWest Group snaps up UK fintech Cushon for £144m
The acquisition will enable NatWest to offer its commercial customers a suite of financial wellbeing products.
Singapore’s Aspire lands $100m in Series C funding
With the new funding, Aspire plans to build out its product offering and expand its regional presence.
Ex-Plaid exec Keith Grose joins Sequence as COO
Prior to joining Sequence, Grose served as head of UK for Plaid for four years.
Baiduri Bank taps Finbots.ai to modernise credit risk management
The partnership makes Baiduri the first bank in Brunei to migrate to an AI-led credit risk management solution.
ICYMI fintech funding round-up: Fierce, Wisor AI, Cenoa & Habitto
Our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
US fintech funding round-up: Wink, Blip, Upwardli and Inkle
A handy round-up of the recent funding endeavours of fintech companies across the US.
Singapore’s Tazapay bags $16.9m in Series A funding round
The round brings Tazapay’s total capital raised to $18.9 million.
Carbonplace lands $45m seed funding, names new CEO
With the new funding, Carbonplace plans to scale its platform, expand its team and forge partnerships.
Canada’s Jobber secures $100m in Series D funding round
Jobber’s SaaS solution enables small businesses to accept credit card payments and send invoices.
Pipe Technologies appoints Luke Voiles as its new CEO
Voiles joins Pipe from Square, where he served as general manager of Square Banking.
UK’s Shawbrook Bank taps Cashflows to streamline payments
Cashflows will enable Shawbrook to process its e-commerce business finance collections through a virtual terminal.
Bank of Nevis International taps Tookitaki for AML tech
The Caribbean bank will deploy Tookitaki’s Anti-Money Laundering Suite (AMLS).
US neobank Oxygen bags $20m Series B, appoints new CEO
Former Sber CTO David Rafalovsky joins Oxygen as CEO, replacing founder Hussein Ahmed.
Mizuho Bank in core banking tech overhaul with Oracle
Oracle’s solutions will support “critical” functions, including direct deposit accounts and liquidity management.
ICYMI fintech funding round-up: Stubben Edge, Elementaryb and Bud
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BBVA migrates its investment banking platform to the cloud with AWS
BBVA says the AWS platform “provides greater computing power” to make financial market-related calculations.
Hong Kong’s ZA Bank names Ronald Iu as CEO
Iu served as chief risk officer (CRO) of ZA Bank, a role he will step down from immediately.
South African digital lender Lulalend bags $35m Series B
Lulalend will look to increase its loan book size and develop new products.
US start-up Finley secures $17m in Series A fundraise
The round was led by CRV with participation from both new and existing investors.
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.
New Zealand accounting fintech Hnry bags $24.5m in Series B funding
Hnry provides invoicing, tax, insurance and compliance services to self-employed contractors and freelancers.
UK fintech Raylo bags £110m debt financing facility
Raylo provides consumers with “affordable” access to tech products on a monthly subscription basis.
Fujitsu and Mizuho Bank partner for ESG data management project
The new service will visualise CO2 emissions across supply chains and help customers move towards de-carbonisation.
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.
US fraud detection start-up Inscribe raises $25m in Series B funding
With the new capital, Inscribe plans to further develop its fraud detection capabilities.
ICYMI fintech funding round-up: Twinco Capital, Architect and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK personal finance app HyperJar appoints Rob Rooney as CEO
Prior to HyperJar, Rooney spent 32 years at Morgan Stanley, including as CEO of Morgan Stanley International.
B2B BNPL platform Tranch raises $100m in debt and equity
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
US fintech PayEm bags $220m in funding
The funding came from Viola Credit, Mitsubishi Financial Group, Collaborative Fund, and others.
Dutch paytech Mollie promotes CTO Koen Köppen to CEO
Köppen was hired as Mollie’s CTO last year from Klarna.
US fintech DailyPay lands $260m funding to fuel growth
The company will look to boost domestic growth, expand internationally and invest in product innovation.
US fintech nCino appoints Greg Orenstein as new CFO
Orenstein joined nCino in 2015 and most recently served as chief corporate development and strategy officer.
Where will fintech go next in 2023?
2023 will no doubt bring more surprises for the fintech industry and tough times for many.
New paytech Enza launches in Africa
Enza aims to provide payment solutions to firms that want to enable customers to accept or make digital payments.
Alipay partners Splitit for ‘pay after delivery’ offering
The service will initially launch in Germany, France and Spain, with plans to expand into other global markets.
Cognizant names former Infosys president Ravi Kumar as new CEO
Kumar succeeds Brian Humphries, who will remain at the firm until 15 March to facilitate a “smooth transition”.
