Arta Finance exits stealth with more than $90m in funding
Arta raised the capital from Sequoia Capital India, Ribbit Capital, Coatue and more than 140 angel investors.
Business-to-Consumer/B2C
Credit Karma pauses “almost all new hiring” citing revenue challenges
The firm has made the decision “due to the uncertainty of the macroeconomic environment”.
UAE fintech start-up Mamo receives regulatory approval
Mamo can now provide money services and expand operations without user restrictions.
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.
Welsh neobank Banc Cambria gearing up for launch next year
Banc Cambria is understood to be targeting a 2023 launch and hopes to reverse the tide of bank branch closures.
Two new fintech start-ups in Turkey – Lidsi and Turan
Lidsi is a savings app launching in January 2023, and Turan is an all-encompassing financial application.
Automated debt payment platform Tally bags $80m Series D
The round was led by Sway Ventures with participation from Menora Mivtachim, an Israeli insurance firm.
Global PSP Worldline obtains 40% stake in Dutch Online Payment Platform
OPP founder and CEO between them own the remaining 60% of the company.
New “hybrid” banking app Dexy gears up for launch in the US
Founded this year and based in Miami, Florida, Dexy is currently waitlisting applicants.
Satispay hits unicorn status with €320m Series D round
It aims to use the new funds to boost growth and support international expansion.
New banking and insurance app Onuu goes live in the US
Founded in 2021, Onuu claims to have 600,000 members on its waitlist.
Stash goes live with self-built core banking system Stash Core
Stash partnered with Stride Bank, Mastercard, Marqeta, Mambu and Alloy, among others, to develop Stash Core.
New family banking app Verity launches in MENA region
Verity aims to help children develop their personal finance skills.
Maslife partners Railsr to launch new financial and mental wellbeing app
The app is being supported by Mastercard and Checkout.com.
African crypto exchange Yellow Card lands $40m Series B
The new funding brings the total capital raised by Yellow Card to $57 million.
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.
FTC orders Credit Karma to pay $3m for “misleading” consumers
Credit Karma says it disagrees with the FTC’s allegations but that it has reached an agreement.
UK’s Amplifi Capital launches personal loans provider Reevo Money
Reevo Money says its ultimate goal is to help people build their credit rating.
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.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
UAE’s Ajman Bank to launch Mastercard ‘touch’ card for visually impaired
The card was co-designed by Idemia, an identity technology solutions provider in the physical and digital space.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
Europe fintech funding round-up: Justhome, Ryft and SageWealth
A fintech funding round-up featuring three start-ups from Europe.
Indian lendtech EarlySalary raises $110m Series D funding
EarlySalary will use the new funds to expand into new markets and increase its loan book.
UAE start-up Huspy acquires Just Mortgages and Finance Lab
The founders and employees of both companies will be joining Huspy.
Japan’s SMBC Group to launch Jenius Bank in the US
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
Two new mortgage start-ups launching in Latin America – Toperty and Saturn5
Toperty is based in Colombia and Saturn5 is based in Mexico City.
First Federal Bank of Kansas City debuts new digital banking platform
The new digital offering is powered by enterprise solutions provider Narmi.
New bank for the US military community to launch this winter – Moonbeam
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Indian savings fintech Jar lands $22.6m in Series B funding
Jar claims to have racked up 10 million users since its launch last year.
eToro snaps up options trading start-up Gatsby
eToro says the acquisition is a “key step” as it looks to diversify its offering to US users.
Fintech start-up Pomelo raises $70m in seed financing
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
Nordic firm Axo snaps up digital credit-scoring platform Defero
Defero’s CEO will join Axo’s group management team following the transaction.
New debit card fintech Seltz gears up for launch in the US
There are currently over 1,300 sign-ups for the debit card’s waitlist.
Q&A: How Linqto is helping democratise the private investment space
Linqto’s COO Joe Endoso chats with FinTech Futures about the platform’s goals and ambitions.
KeyBank taps BlueSnap to facilitate cross-border e-commerce payments
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
UK challenger Dozens set to close by end of the month
The Dozens app is set to close by the end of August.
New bank for public sector workers set to launch next year in the UK
The aspiring bank aims to submit its banking authorisation application by the end of this year.
