Singapore’s Tazapay bags $16.9m in Series A funding round
The round brings Tazapay’s total capital raised to $18.9 million.
Cards
CFPB proposes new rule to curb excessive credit card late fees
According to CFPB estimates, excessive fees cost American families about $12 billion each year.
Virtual card paytech Conferma Pay names Jason Lalor as CEO
Lalor most recently served as CEO of Square’s European business.
US neobank Oxygen bags $20m Series B, appoints new CEO
Former Sber CTO David Rafalovsky joins Oxygen as CEO, replacing founder Hussein Ahmed.
FinTech Futures: Top five stories of the week – 3 February 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
More banking hubs and pods earmarked for UK as branch closures continue
A further nine banking hubs and six deposit services have been recommended by Link.
UK challenger Zopa lands £75m funding to fuel growth
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
Marqeta makes first M&A foray with $275m Power Finance deal
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
Marqeta appoints Simon Khalaf as new CEO
Khalaf joined in June as chief product officer and will replace founder, chair and current CEO Jason Gardner.
FinTech Futures: Top five stories of the week – 27 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
PayTech Awards call for nominations
The PayTech Awards 2023 will take place on 30 June at the Merchant Taylors’ Hall in London.
Several major US banks reportedly team up on new digital wallet project
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Capital One lays off 1,100 tech staff
Impacted employees have reportedly been invited to apply for other positions at the firm.
FinTech Futures Jobs: Is procrastination killing your work ethic?
Explore thousands of open roles on the Fintech Futures Job Board today.
Enfuce and Orka Ventures launch consumer lending product in Europe
Orka Card will enable customers to integrate all their existing bank accounts into one card and app.
Pagaya buys Darwin Homes to capitalise on rental market
Post-acquisition, Pagaya and Darwin’s SFR business now operates in more than 30 markets across the US.
Crypto.com to cut 20% of workforce citing “unforeseeable industry events”
CEO Kris Marszalek says several factors have led to the decision to let go of around 800 employees.
PayQuicker appoints Nazuk Jain to lead product development
Jain will build out the firm’s product team and manage its expanding product roadmap.
Healthcare paytech Paytient lands $40.5m Series B
The round consists of $33m in equity and $7.5m in debt from Silicon Valley Bank.
Germany’s Gen Z neobank Ruuky files for insolvency
The neobank has assured customers that all their funds are secured and its app is still “fully accessible”.
Nuvei to acquire Paya for $1.3bn
With Paya’s acquisition, Nuvei expects to capitalise on domestic and global payments opportunities.
PayTech Awards 2023 now open for nominations
PayTech Awards are open to banks, financial institutions, paytech software & services providers worldwide.
Ex-Nordea exec Erik Zingmark joins Loomis Pay as CEO
Zingmark joins Loomis Pay from Nordea, where he worked for over eight years in various roles.
FinTech Futures: Top five stories of the week – 6 January 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Welcome.Place, Enfuce, Epassi, Visa partner for refugee prepaid card pilot
The goal is to provide a service that assists 50,000 Ukrainian and other refugees by the end of 2023.
2022: Top five fundraising rounds of the year
FinTech Futures recaps the top five fundraising rounds this year.
Splitit and Worldline ink North American BNPL deal
Initially, Worldline plans on integrating Splitit into its North American processing platform before expanding into other geographies.
CWB expands Brim Financial partnership with new business credit card offering
Customers will have access to Brim’s full suite of product capabilities powered by the fintech’s tech platform.
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
Sunbit lands $250m debt facility to expand access to credit
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
What the FinTech? | S.3 Episode 18 | Online payments and personalisation
In this episode of the podcast, we’re joined by Kirsty Morris, managing director at Barclaycard Payments.
BIC Bank partners Compass Plus Technologies to expand its payment services
The bank has successfully migrated its in-house processing centre to the tech firm’s TranzAxis platform.
Commerzbank taps Nexi to develop card processing solution
Nexi says the DACH region is an “important potential growth area” for the firm.
Al Rajhi Bank Malaysia launches digital bank Rize
Rize offers a mobile banking app for Malaysian customers.
Barclays fined £8.4m by payments regulator for breaking interchange fee rule
The PSR has fined banking heavyweight Barclays £8.4 million for failing to comply with the IFR.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
India’s Cred set to acquire SaaS start-up CreditVidya
Following the acquisition, Cred and CreditVidya will continue to operate independently.
FinTech Futures: Top five stories of the week – 25 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Cambodia’s ABA Bank taps Compass Plus Technologies for card issuance kiosks
The self-service kiosks can issue international debit cards in under two minutes.
