Indonesian fintech unicorn Xendit sheds 5% of its workforce
Xendit says affected employees will receive “suitable compensation” alongside additional benefits.
Business-to-Business/B2B
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
How Paycraft is helping ease urban mobility in India
We chat with Paycraft’s CEO Ambarish Parekh about what the company offers and its evolution over the years.
Railsr secures $46m in Series C funding
CEO and co-founder Nigel Verdon says the funding is a “significant step on our route to profitability”.
Funding Circle forms lending partnership with Bayview Asset Management
The partnership aims to support “thousands” of UK small and medium-sized enterprises (SMEs).
Apiture partners Newtek to provide digital banking services to businesses
The Apiture Digital Banking Platform will provide business banking and account opening solutions.
Societe Generale set to buy majority stake in PayXpert
Societe Generale aims to broaden payment offerings for European merchants through the acquisition.
Billtrust snapped up by EQT Private Equity in $1.7bn deal
The deal, set to close in Q1 2023, will see Billtrust become a private company.
Satispay hits unicorn status with €320m Series D round
It aims to use the new funds to boost growth and support international expansion.
Liberis lands additional £140m investment from Barclays and BCI Finance
Barclays initially invested £34m in Liberis in December last year.
French fintech Regate nabs $20m in Series A funding
The French start-up claims to have more than 10,000 clients.
Video: QuickFi at FinovateFall 2022 – The evolution of business equipment financing
We chat with QuickFi’s Bill Verhelle about the firm’s new tech developments and growth plans.
New digital bank Bond to launch soon in the UK
Bond is gearing up to launch sometime in Q1 2023.
AccessFintech raises $60m in Series C funding
The Series C funding round was led by WestCap.
B2B fintech Sequence lands $19m seed funding
The round was led by US venture capital firm Andreessen Horowitz.
Payoneer appoints Assaf Ronen as its new chief platform officer
In his new role, Ronen will lead Payoneer’s newly created platform division.
Israeli embedded finance start-up Noble emerges from stealth with $18m
Noble plans on using the new funding to hire new team members and aid product development.
Copper.co taps Fenergo for AML and client lifecycle management solution
Copper will utilise Fenergo’s tech to onboard “increasingly complex” client ownership structures.
BankiFi appoints Danny Piangerelli as its new CTO
Piangerelli will oversee all aspects of technology including engineering, architecture and infrastructure.
Capita to sell Pay360 to Access PaySuite in £150m deal
Capita says the deal will help lower the firm’s debt and provide additional liquidity.
Target Group makes new CEO and COO appointments
John Barker has been named as the firm’s new CEO, with Peter O’Connor taking on the role of COO.
Banc of California buys Deepstack Technologies for $24m
Banc of California paid $24 million for the acquisition, with 70% in cash and 30% in stock.
Could the UK PSR’s review of card fees boost B2B credit card payments?
Businesses are foggier on the cost of their credit card payments than any other payment type.
Fintech platform for freight and logistics, Denim, closes $126m Series B
Denim automates invoicing, collections and payments, claiming to reduce daily payments and collections tasks by 75%.
New fintech platform Ratio emerges from stealth raising $411m
The start-up has raised $11 million in venture funding and $400 million in a credit facility.
PAYA acquires card payment provider ITS
Interactive Transaction Solutions (ITS) is a business-to-business (B2B) payment gateway.
US credit card start-up Power raises $316m funding
The start-up has raised $300 million in a credit facility and $16.1 million in seed funding.
Southeast Asian financial services group Fazz bags $100m Series C
The funding will be used towards building its business account and expanding across Southeast Asia.
US fintech Kafene lands $18m in Series B funding
The new funding will be used to increase Kafene’s employee headcount and onboard more merchants onto its platform.
New challenger Wio Bank launches in the UAE
It will provide financial solutions via digital banking apps, embedded finance and as Banking-as-a-Service.
Revolut launches new one-click payment solution
Revolut Pay is already being used by merchants including Shopify and WH Smith.
Allied Bank Pakistan picks BPC to launch SME acquiring business
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
JP Morgan to acquire US paytech firm Renovite
Once the acquisition is complete, Renovite will become part of JP Morgan Payments.
FNZ set to acquire German wealthtech provider Diamos
The acquisition will equip FNZ with additional wealth management product and service solutions.
Paytech firm Cantaloupe announces executive leadership changes
Ravi Venkatesan will take over as CEO with Sean Feeney set to retire at the end of September.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Europe fintech funding round-up: Ark Kapital, Credix and Nokkel
A handy round-up of the recent funding endeavours of fintech companies across Europe.
US fintech Allvue names Dan Streetman as its new CEO
Streetman will be tasked with leading the company’s culture, strategy, operations and expansion plans.
Mesh Payments lands $60m in Series C funding
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
ClearBank hires Andrew Barker as new chief revenue officer
Barker brings more than 25 years’ worth of experience in the technology space to the role.
