UK payments platform xpate launches core banking system
Xpate says legacy IT platforms threaten the efficiency and profitability of merchants and acquirers.
Business-to-Business/B2B
Credit Agricole Bank Polska launches new app with Efigence
The app will be developed further with new services being added on to it in due course.
US-based Payoneer appoints John Caplan as co-CEO
Founded in 2005, Payoneer enables “borderless payments and growth” for digital businesses.
Commodity hedging platform Stable secures $60m Series B
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
German B2B BNPL firm Mondu lands $43m in Series A round
The company has raised $57 million in total funding to date.
Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Revenue-based lender Bloom bags £300m Series A
The funding will be used to scale its business in Europe and the US.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
North America fintech funding round-up: equipifi, PayEngine & Moves
A handy round-up of the recent funding endeavours of fintech companies across North America.
Babel Finance bags $80m Series B at $2bn valuation
The firm says it limits business to Bitcoin, Ethereum and stablecoins, and serves around 500 “select clientele”.
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
Taiwan’s Mega Bank selects Avaloq’s core banking platform
Mega Bank will deploy Avaloq’s core platform to digitalise its private banking business.
Moneybase partners Compass Plus Technologies for new app and cards
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
Two US banks tap fintech Chimney to boost customer engagement
New York-based Chimney’s financial calculators help customers make “smarter” financial decisions.
UK’s Previse raises $18m in Series B round
The round was led by Tencent with participation from existing investors.
Jack Ma’s Alibaba and Ant Financial leave Paytm Mall
The Indian firm’s valuation fell from $3 billion in 2020 to $13 million now – a drop of almost 99%.
Singapore’s MatchMove acquires Shopmatic for $200m
Post-acquisition, Shopmatic CEO Anurag Avula will continue in his role.
Payments network TransferMate hits unicorn status after $70m funding
TransferMate will use the funding to expand its teams globally and develop its technology and product offering.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
SpotOn bags $300m Series F at $3.6bn valuation
SpotOn has raised $928 million in funding to date.
Hong Kong’s Planto partners NZ fintech Cogo to promote sustainability
The new software will enable consumers and small businesses to view their daily carbon footprint.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
MarketFinance raises debt financing from Deutsche Bank
The company says the funds will be used to provide up to £100 million in lending to UK SMEs.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
KPMG UK hires Crypto UK exec to bolster digital asset services
KPMG UK says the hires will allow it to offer clients “additional high calibre expertise”.
Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
Our weekly fintech round-up for you to get the latest funding news from around Europe.
BaaS start-up Unit raises $100m Series C, reaches $1.2bn valuation
The company intends to use the capital to “make it even easier for companies to launch and succeed”.
Neolender ThinCats taps cloud banking vendor Mambu as it looks to scale
ThinCats will leverage Mambu’s cloud banking solutions and its SaaS technology platform.
Embedded payments platform Modulr raises $108m Series C
Modulr will use the funding to expand its geographic footprint and become a “pan-European payments champion”.
Mastercard partners Dreams for sustainable banking solutions
The two firms aim to develop digital banking solutions that will help banks tackle climate change.
Tide partners Sage to offer new tax and accounting product
Tide says its new offering will reduce the “time and stress of traditional accounting” for its customers.
Hawaii State FCU taps Lumin Digital to enhance banking services
Hawaii State FCU will go live on Lumin Digital’s platform in June 2022.
Blockchain data platform Chainalysis raises $170m Series F
The Series F pegs Chainalysis’ valuation at $8.6 billion.
Experian buys majority stake in Brazilian fintech MOVA
Experian will buy a 51% stake in MOVA for $7.9 million.
Token lands $40m to scale open banking payments in Europe
Existing investors Octopus Ventures, Opera Tech Ventures and SBI Investment also participated.
New York’s Solidus Labs bags $45m in Series B round
Solidus Labs enables safer crypto trading across centralised and DeFi markets through its solutions.
