Mexican fintech start-up Mendel bags $60m in fresh funding
Mendel will use the new funds to boost the growth of its corporate expense management platform.
Business-to-Business/B2B
UK embedded finance firm Railsr reportedly considering sale
According to Sky News, Railsr is discussing a number of strategic options with FT Partners.
MeridianLink acquires mortgage software solutions provider OpenClose
MeridianLink says the deal will enable their customers “to deliver fast, frictionless mortgage lending experiences”.
UAE’s Wio Bank goes live on Mambu’s cloud banking platform
The challenger says it chose Mambu’s API-led cloud platform to achieve a “faster” time to market.
Standard Chartered and UpSwot launch pilot for SME business analytics solution
The solution will provide the bank’s SME clients with data-driven insights and forecasting capabilities.
ABN Amro taps BNP Paribas to optimise front and middle office connectivity
BNP Paribas’ solutions will be connected to ABN Amro via the BlackRock Aladdin platform.
SME financial services provider Finom buys cross-border paytech Kapaga
The merger will boost Finom’s UK and European expansion plans.
Ampla Technologies acquires B2B BNPL firm Upside Financing
Ampla says the acquisition will open up a B2B BNPL market that is worth an estimated $1 trillion.
Mangopay names Ronen Benchetrit as new CTO
Mangopay’s CEO says Benchetrit’s appointment will be “game changing” for the company’s growth.
Worldline to buy Banco Desio’s merchant acquiring activities for €100m
With the partnership, Worldline aims to leverage Banco Desio’s network to expand its presence in Italy.
DTCC hires new chief security officer, Nashira Spencer
Spencer most recently served as chief technology officer (CTO) at Anywhere Real Estate (formerly Realogy).
French paytech start-up Fintecture lands €26m Series A funding
The new funding brings Fintecture’s total capital raised to date to €32 million.
EIPP and the mobile revolution in B2B payments
The next phase in the evolution of B2B payments will be dominated by mobile technologies.
Fintechs Pleo, Chime and Chargebee cut jobs as economic uncertainty bites
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
RMB Nigeria names Dalu Ajene as new CEO
In his new role, Ajene has been tasked with facilitating greater foreign capital flows.
Huntington National Bank selects LiquidX for trade finance infrastructure
Huntington Bank says LiquidX was the “most efficient and effective” partner to help expand its trade offering.
Zest AI lands more than $50m in growth funding round
With the new cash, Zest AI plans on increasing access to its AI-automated credit underwriting service.
Canada’s TouchBistro bags $110m in growth funding
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
Cover Genius lands $70m in Series D funding to boost growth
Funds will be put towards business growth and expanding its global insurance distribution platform, XCover.
Mexican B2B paytech Yaydoo acquires Oyster Financial
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Hong Kong fintech Reap bags $40m Series A funding
The funding will be used to boost its global market expansion plans.
ConnexPay secures $110m growth equity investment led by FTV Capital
The firm says the funding will be used to support its international expansion.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Fostering flexible, easy-to-use solutions for cross-border money movement
Visa B2B Connect: cross-border money movement represents a $10tn opportunity.
US fintech start-up Banyan lands $43m Series A
The Series A round is made up of $28 million in equity and $15 million in venture debt.
Lloyds Bank partners Billhop for B2B payments
The bank’s corporate clients will now be able to pay any invoice using a Lloyds Commercial Card.
Video: Visa at Sibos 2022 – The evolution of B2B payments
We speak with Visa’s Darren Parslow about the shifting B2B payments landscape.
HealRWorld set to launch first UN SDG-focused corporate debit card
The debit card, launching soon, aims to reward sustainable businesses.
TripActions raises $304m Series G at $9.2bn valuation
The fundraise was a mix of $154 million in equity and $150 million in structured capital.
US-based card start-up Mercantile launches with $22m in hand
With the fresh funding, Mercantile plans to further its product development, build partnerships and expand its teams.
US fintech funding round-up: OatFi, Fintor and StandardC
A handy round-up of the recent funding endeavours of fintech companies across the US.
MarketFinance nets £30m credit facility from Israeli investment group Viola
Viola had previously invested £75 million in the company to support its entry into the business loans segment.
Airwallex bags another $100m in Series E extension, valuation remains unchanged
The extension round brings Airwallex’s total funding to more than $900 million.
UAE fintech start-up Mamo receives regulatory approval
Mamo can now provide money services and expand operations without user restrictions.
BankiFi partners with Axiom Bank for improved SMB offering
Through the partnership, the bank’s SMB customers will be able to “better” track and manage their finances.
MonetaGo appoints Neil Shonhard as new CEO
Shonhard will take over from co-founder and CEO Jesse Chenard, who will transition to executive chairman.
New fintech start-up Five FS launches in the UAE and KSA markets
The start-up has officially launched in the UAE and Saudi Arabian markets.
European fintech start-up Rauva appoints new CTO
Maxence Cornet was previously CTO and co-founder of Vybe, a French challenger that closed earlier this year.
Korea Credit Data raises $24.7m in Series D extension
Since it was founded in 2016, the firm has raised more than $110 million in total funding.
