Dubai-based fintech YAP in talks to raise further $20m
If completed, the new funds will take the firm’s total Series A raise to $61 million.
Cards
How Paycraft is helping ease urban mobility in India
We chat with Paycraft’s CEO Ambarish Parekh about what the company offers and its evolution over the years.
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.
Crypto banking firm Juno lands $18m Series A, launches loyalty token
The funding round, led by ParaFi Capital’s Growth Fund, saw participation from high-profile angel investors.
FinTech Futures: Top five stories of the week – 30 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New challenger bank in India for young professionals – Shelf
Shelf was recently accepted into start-up accelerator Y Combinator’s Summer 2022 batch.
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.
London-based open banking app sync. goes into administration
Start-up sync. was planning “massive growth” in 2021, powered by Railsr’s BaaS platform.
Digital bank Paytend taps Tribe for issuing and acquiring services
Paytend says the partnership with Tribe will enable more efficient payment services.
Banking app for “global citizens” Bankkit launches in UK
The app offers overseas bill payment functionality and an integrated current account.
New digital bank Bond to launch soon in the UK
Bond is gearing up to launch sometime in Q1 2023.
FinTech Futures: Top five stories of the week – 23 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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.
US consumer finance regulator to outline credit card-like BNPL protections
The CFPB will set out guidance to hem BNPL firms much closer to credit cards in terms of regulation.
Could the UK PSR’s review of card fees boost B2B credit card payments?
Businesses are foggier on the cost of their credit card payments than any other payment type.
The importance of card and mobile money interoperability in Africa
For the African fintech revolution to reach its true potential, interoperability needs to be completely borderless.
RBank picks BPC for paytech revamp and financial inclusion drive
Philippines-based Robinsons Bank (RBank) will implement BPC’s SmartVista payments platform.
Berlin-based automated accounting platform Candis raises $16m
Candis is an accounts payable (AP) processes automation solution.
PAYA acquires card payment provider ITS
Interactive Transaction Solutions (ITS) is a business-to-business (B2B) payment gateway.
US credit card start-up Power raises $316m funding
The start-up has raised $300 million in a credit facility and $16.1 million in seed funding.
Former Citi banking veteran joins leadership team of challenger bank Zolve
Freiberg was co-chairman and CEO of Citigroup’s global consumer group for three decades.
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.
Software management start-up Cledara lands $20m Series A
The money raised by Cledara will go towards the US expansion.
Allied Bank Pakistan picks BPC to launch SME acquiring business
Allied Bank will support merchant and business acquisitions and enable payments in-store, online and in-app.
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.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple Pay edges out Mastercard with more than $6tn in ATV
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
Mesh Payments lands $60m in Series C funding
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
Swiss digital bank Alpian partners Visa for new debit card
Alpian has plans for a full public rollout by the end of this year.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
Colombian fintech start-up Plurall bags $20m debt funding
The debt funding will be complemented by a seed equity round that Plurall is currently raising.
Kani Payments appoints Dan Clappison as COO to boost expansion
Clappison joins from Virgin Money, having also previously worked at TSYS and Newcastle Building Society.
Banking hubs set to open in 13 locations across UK
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
UK’s Paysend appoints Wilhelm Rohde as group CFO
Rohde joins from Swisscard, a joint venture between American Express and Credit Suisse.
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.
DeFi for the masses — crypto investment platform Solvo readies for launch
Solvo will offer investments, savings, crypto buying and selling as well as a card for payments.
New digital bank Trust launches in Singapore
Trust Bank’s shareholders have invested $285 million in the new challenger.
Diebold Nixdorf hires Joe Myers as executive vice president
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
Healthcare fintech start-up Nitra lands $62m seed round
The new equity will be put towards launching new products and scaling its team.
