Mastercard to help Canada build its new real-time payments rails
RTR marks a big step in modernising Canada’s payments system.
Business-to-Business/B2B
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
South Korean payments provider Danal to accept crypto
The payments provider will accept digital currencies via ICON’s blockchain ecosystem.
Banco Santander’s VC arm invests in Spanish proptech Clikalia
Clikalia’s IPO ambitions were likely a big part of Santander’s decision to invest now.
UK government signs London fintech Judopay for digital payments
“Everything from tax payments to donations to charities” come under the deal.
ING subsidiary Payvision accused of pushing €131.2m in fraudulent payments
ING acknowledges the claim, but cannot comment further at this time.
Three UK fintechs raise over $100m in funding this month
Starling, Curve and GoCardless are raising rounds in excess of $100m.
Swiss government launches green fintech network
Sustainable investments in Switzerland have risen to CHF 1.16 trillion ($1.2 trillion).
US fintech lender Upstart Holdings files for IPO
To date, the fintech has raised some $165 million in funding.
UK’s PayPoint to make double acquisition worth £70m
PayPoint currently boasts a 9,000-customer strong card payment estate.
Barclays gets 198 applications for Black founder tech accelerator
“I recognised there was more that we could do, and my employer completely backed me.”
UK challenger Witty builds out tech stack with Oracle
The start-up already has some 25 employees.
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
NerdWallet makes second acquisition in 2020 with Fundera
The deal with Fundera sees NerdWallet continue to diversify its business.
Fast is speeding to a $1bn valuation just one year after seed
The start-up’s speedy route to what could be unicorn status is unusual.
Australia’s central bank announces CBDC project with ConsenSys
The bank is looking at a CBDC for “wholesale market participants”.
India’s Wipro to buy Finastra partner Encore Theme Technologies
Encore Theme claims to be one of Finastra’s “fastest growing partners”.
Boutique wealth manager CWPW launches in UK
CMPW is taking a “hybrid” approach, of both AI and human interaction.
Visa to acquire LatAm API-based payments fintech YellowPepper
The value of Visa’s acquisition is also undisclosed.
Nets completes acquisition of major Polish card payment processor
“Poland is one of the most attractive regions in Europe” for digital payments.
Prospa sets out to serve global diaspora of African entrepreneurs
The start-up’s sweet-spot customers are entrepreneurs and micro-SMEs.
Snoop closes £10m on Seedrs
The Snoop app launched in April.
Indian regulator IFSCA opens fintech regulatory sandbox for applicants
Once the regulator has decided on applicants, it will determine the conditions of the sandbox.
Nordic challenger Lunar lands $47m Series C
The round arrives just seven months after its €20 million Series B extension in April.
PrimaryBid lands $50m from LSE, Draper Esprit & ABN AMRO
It adds to PrimaryBid’s $8.6 million Series A last year.
US holding firm Syncapay buys Wirecard’s North America business
Wirecard put the market value of its North American business at €824m.
Monet Money to target UK’s creatives with cash flow app
The beta version of its app is expected to land in February 2021.
Major Indian IT firm TCS in talks to buy Deutsche’s Postbank tech unit
Postbank Systems provides IT services to Postbank, which Deutsche bought back in 2010.
Owner of Hong Kong robo-advisor Aqumon lands Alibaba-backed $30m
Aqumon offers B2C and B2B solutions.
European lender Capitalbox buys rival Dutch arm of Spotcap
The deal marks Spotcap’s exit from the direct lending market.
Enveil CEO: Fragmented AML regulation creates “Russian doll effect”
Williams likens it to the “Russian doll effect”.
PayPal adds interest-free instalments to its UK wallet in BNPL play
Two thirds of British millennials use BNPL services.
Ex-Revolut execs form start-up investment firm Expansion Capital
Of its 15 investments, three were founded by Revolut alumni.
US rapper Killer Mike unveils Black and Latino-focused challenger bank Greenwood
Each month, the digital challenger promises to gift $10,000 to Black or Latinx businesses.
Ternio becomes Visa’s first crypto enablement partner for debit cards
“This shows Visa’s commitment to onboard other companies which develop crypto.”
Modul8 and Nium partner to provide card-issuing for APAC region
The two claim they can deliver the service for companies in as little as three months.
Fintech Razorpay becomes India’s fifth unicorn during COVID-19
By 2025, Razorpay wants to have 50 million business customers.
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Bulgaria’s Paynetics swoops in to buy part of Wirecard UK and Ireland
“Paynetics showed up as the white knight,” says Wirecard.
Crédit Agricole subsidiary Linxo unveils bank transfer payment solution
The solution is already connected to the main banks in France which have opened up their APIs.
