Bank of America CTO: Cyberattacks on banks “surged” during pandemic
Cyberattacks have surged “dramatically”, says BoA exec.
Business-to-Business/B2B
Nuapay becomes Australia’s first open banking payments platform
Nuapay’s joint value proposition caters to both consumers and merchants.
Singapore pledges $32m to help regtechs take POCs to market
Welcome to “the Valley of the Valuable POCs”, says MAS chief fintech officer
Danish fintech Blocser launches Butterfly card for UK’s gig workers
“Think of us as a ridesharing service, but instead of rides, you sell your work,” says CEO.
Fintech funding deals globally 26 April – 2 May 2021
Featuring Brex, Paxos, Vena, Greenlight, and Current.
São Paulo fintech brokerage Warren lands $55m led by Singapore’s GIC fund
The fintech intends to use the fresh capital to hire more employees.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
Greek fintech Viva Wallet lands $80m from Tencent, EBRD
Viva is in the midst of launching a credit service for merchant customers.
Thought Machine plugs into Wise’s money transfer API
Thought Machine is plugging into via its own ‘Vault’ platform.
HSBC CEO Colin Bell joins board of AML fintech Quantexa
HSBC has used Quantexa to develop an AI solution to better identify financial crime.
Greenlight, Step and Current land “kids banking” industry collective $580m
Greenlight, Current, and Step all began with basic card-based offerings.
Blackstone to acquire additional stake worth $2.8bn in IT firm Mphasis
Blackstone intends to build Mphasis into a $10 billion-valued company.
Brex closes $424m Tiger Global-led round at $7.4bn valuation
“We have all types of businesses now signing up for Brex,” says co-CEO.
BNPL firm Affirm acquires Returnly in $300m deal
More than eight million shoppers have used the online return service.
Fintech funding deals globally 19-25 April 2021
Featuring Alan, Deel, Chargebee, Classy, and Tamara.
New Swiss fintech Klarpay targets digital entrepreneurs
The start-up aims to bridge the gap between business banking and e-commerce.
ICYMI funding round-up: Percent, Till Financial, Plooto, Nelo & more
More weekly funding deals which may have flown under your radar.
FIS expands payment processing in Malaysia, South Africa and Nigeria
“Emerging markets across Southeast Asia and Africa present fresh opportunities”.
Penta co-founder Jessica Holzbach exits fintech after four years
She exits “at her own request to seek a new professional challenge”.
Square goes on hiring spree ahead of new banking product launches
Square is “building a suite of new financial products”.
MVB Bank snaps up majority stake in Indianapolis fintech Trabian
The value of the stake remains undisclosed.
Hospitality payment app Sunday raises record €20m seed round for Europe
The start-up claims to cut the costs for operators to 0.5% per transaction.
Low-code start-up FintechOS lands €51m Series B
The round will fund FintechOS’ international expansion beyond the UK and Europe.
Routable raises $30m in Series B funding to boost B2B payments
Seattle fintech nabs bumper round from a handful of angel investors.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
Dutch VC Finch Capital snaps up Wirecard’s APAC assets
The purchases were made through Nomu Pay.
SoftBank in talks to turn Indian payments firm Zeta into a unicorn
If finalised, the investment would come through SoftBank Vision Fund 2.
Video: Top fintech stories this week – 16 April 2021
To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.
Solarisbank among first German fintechs mulling Spac deal
The BaaS provider is aiming for a billion-dollar valuation.
Emirati tycoon Mohamed Alabbar to chair UAE challenger Zand
Zand is still waiting on its application for a full UAE banking licence.
Bill payments lingo you need to know
A handy glossary of common electronic bill payment terms and why they matter to your business.
Modulr lands undisclosed investment from FIS Ventures
“Modulr lowers the barriers to bringing payments into a platform”.
Nigerian fintech Appzone lands $10m for pan-African digital core banking solution
The Series A round was led by CardinalStone Capital Advisers.
Egyptian fintech Paymob lands country a record $18.5m Series A
The Series A followed a $350,000 seed raise in 2019.
UK fintech TrueLayer lands $70m Series D led by NY investor Addition
TrueLayer claims payment volumes have grown by 600 times in the last 12 months.
Two UK towns to open all-in-one Banking Hubs pilot stores
The towns are two of nine across the UK to get one.
Banking Technology April 2021 issue out now
Soaring to new heights: a record-breaking first quarter of M&A activity.
UK energy provider Octopus launches Moneycoach
It intends to invest £10 million into Moneycoach to scale the offering.
US core banking vendor Nymbus sets up new business for credit unions
“Credit unions have an immediate opportunity to leverage niche digital banking approaches”.
Stripe takes first step into Middle East with UAE expansion
Digital payment transactions in the UAE during 2020 reached $18.5 billion.
