Ex-Nordea exec Erik Zingmark joins Loomis Pay as CEO
Zingmark joins Loomis Pay from Nordea, where he worked for over eight years in various roles.
Business-to-Business/B2B
Zodia Custody names Julian Sawyer as its new CEO
Sawyer has previously served as CEO of cryptocurrency exchange Bitstamp, and was co-founder of Starling Bank.
ACI Worldwide mulls potential sale
The payments software firm is working with financial advisors as it gauges interest levels, sources tell Bloomberg.
Australian fintech Grapple secures $35m in funding
Sydney’s Grapple landed $35 million in a warehouse debt facility from Global Credit Investments (GCI).
What’s next in fintech? Three predictions for 2023
Here are three trends that will drive the next wave of innovation in fintech.
Splitit and Worldline ink North American BNPL deal
Initially, Worldline plans on integrating Splitit into its North American processing platform before expanding into other geographies.
Network International appoints group chief business transformation and technology officer
Network’s new hire Sandeep Chouhan brings over three decades of experience working in consumer banking and payments.
Workday appoints Sequoia Capital’s Carl Eschenbach as co-CEO
After January 2024, it is expected that Eschenbach will take up sole CEO responsibilities.
New fintech start-up Step Fourth launches in the UK
Step Fourth says its first product offering, Blue Nova, will be ready for deployment in 2023.
Acin lands $24m in Series B funding from global banking heavyweights
The round was led by a consortium comprised of JP Morgan, Citi, BNP Paribas, Barclays and Lloyds.
UK fintech funding round-up: Bondaval, Etrading Software and Taxd
Our weekly round-up to help you get funding news of fintech companies, this time from the UK.
ICYMI fintech funding round-up: Paper.id, Opensee, Nilus and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Swiss digital lender Bob Finance selects Mambu for cloud banking platform
Bob Finance says it needed a platform “that meets internal and external partner standards”.
Westpac ends talks with Tyro Payments over potential acquisition
Westpac says purchasing Tyro “is not in the best interests of Westpac shareholders at this time”.
Dataiku bags $200m Series F funding at $3.7bn valuation
The new investment brings Dataiku’s total capital raised to date to approximately $600 million.
MICT completes acquisition of African agri-fintech firm Tingo
MICT owns “100% of the operating business and assets” of Tingo after snapping up Tingo Mobile.
European fintech Novicap bags €200m debt facility from Fasanara Capital
Novicap will use the funding to accelerate its growth, boost its credit portfolio and develop new solutions.
Thoma Bravo to acquire Coupa Software for $8bn
Coupa says the deal is expected to close in the first half of 2023.
French fintech Younited secures €60m in new funding
Younited says it will use the funding to develop its partnership activities and invest in its technology.
TreviPay to acquire fellow US paytech Apruve for undisclosed sum
With the acquisition, TreviPay plans to expand its B2B payments network.
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
ICYMI fintech funding round-up: BondIT, Paywatch, 1fs Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Commerzbank taps Nexi to develop card processing solution
Nexi says the DACH region is an “important potential growth area” for the firm.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
Wealth Wizards names Ben Hampton as new chief executive
Hampton will take up the role on 1 January 2023, succeeding founder Andrew Firth.
Israel’s Shield bags $20m in Series B funding
Shield plans to boost its growth in existing markets and expand into new ones, including the US.
India’s Cred set to acquire SaaS start-up CreditVidya
Following the acquisition, Cred and CreditVidya will continue to operate independently.
Singapore fintech Finbots.ai signs digital bank client in Asia
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
Three tips for navigating global payments as you expand internationally
Branching into new markets brings serious challenges when it comes to managing payments on a global scale.
Equals Group to acquire open banking payments platform Roqqett in £2.25m deal
Equals will pick up Roqqett’s AISP and PISP licenses through the acquisition.
Pleo and TravelPerk team up for travel expense automation
TravelPerk’s platform will simplify and automate the travel expense experience for Pleo’s users.
Danish fintech Pleo hires Meri Williams as new CTO
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
Q&A with Griffin: “We’ve built a purpose-built bank just for fintechs”
FinTech Futures speaks with Griffin’s CCO Adam Moulson about the company’s growth.
Saudi fintech platform Tameed picks Moneythor for loyalty features
With Moneythor’s solution, Tameed aims to enhance its purchase order financing offering with a loyalty programme.
Juni trims one-third of its workforce in second round of layoffs
The layoff comes just two months after it shed 10% of its workforce.
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
JP Morgan and Mastercard team up to launch Pay-by-Bank solution
The solution is currently in the pilot stage with a rollout expected sometime in 2023.
