American Express launches cross-border payments solution for US SMBs
The Global Pay platform is currently available to US American Express small business card members.
Cards
Data and payments fintech Moneyhub appoints David Firth as product director
Firth joins from Mastercard, where he helped build out the firm’s open banking solutions.
SC Ventures launches digital onboarding platform Appro in UAE
Appro is designed to reduce application times for a range of banking products from several hours to three minutes.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Mastercard appoints former HP exec Ellen Jackowski as new chief sustainability officer
Jackowski will work to “further integrate” Mastercard’s ESG strategy into the organisation.
Virgin Money to enter BNPL market this year with Slyce credit card product
Slyce has been created in partnership with Mastercard and TSYS.
Green fintech start-up Tred launches new carbon-tracking banking app
At the end of each month, Tred users are nudged to offset any carbon their spending has emitted.
Portugal’s Universo taps Mambu to expand digital financial services offering
The partnership will allow Universo to provide a “personalised end-to-end financial experience”, Mambu says.
Bank Islam Malaysia Berhad launches new banking app, Be U
The fully cloud-native digital banking app aims to broaden financial inclusion in Malaysia.
UnitPlus partners Vodeno and Aion for ‘pay-with-portfolio’ ETF solution
Customers can pay with funds drawn directly from their portfolio using the UnitPlus debit card.
Brazilian fintech Neon raises $80m to support credit portfolio expansion
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
Curve appoints new CPO Eyal Galina to build out product offering
Galina will be responsible for Curve’s product roadmap and strategy as it looks to boost its presence in the US.
TomoCredit bags $122m funding to expand product offerings
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
Credit card start-up X1 raises $25m Series B, readies for full US launch
The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures.
Stori bags $150m Series C-2 funding at $1.2bn valuation
The company plans to use the fresh capital to grow its team and extend its product offerings.
Mexico’s NanoPay selects BPC to boost its anti-fraud protection
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
Europe fintech funding round-up: Quartr, ID-Pal, Oper and Fuell
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
FinTech Futures: Top five stories of the week – 8 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UAE’s YAP secures $41m to support continued expansion
Start-up says the funding will support expansion into Saudi Arabia, Pakistan, Ghana and Egypt.
New digital payment platform Kasheesh launches in US
Kasheesh reduces the cost burden on individual cards and helps users build their credit scores.
DND Finance launches UK’s first Shariah-certified credit card
The Score Mastercard enables new-to-UK users to transact and build up their credit history.
Congratulations to the PayTech Awards 2022 winners!
The winners and highly commended were announced in a ceremony at the Merchant Taylors’ Hall in London.
Daxsen Group to launch new digital bank in Ecuador
Daxsen Bank intends to reduce operational and transactional costs to “revolutionise” the country’s banking sector.
Yoma Bank taps Compass Plus Technologies for time-to-market upgrade
Myanmar’s Yoma Bank has replaced its in-house processing centre with Compass Plus’ TranzAxis.
Crypto paytech Wirex makes a comeback in the UK
Along with resuming services, Wirex also announced that it is launching multiple offerings.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Stashfin lands $270m in Series C funding to expand in Asia
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
Payment Systems Regulator outlines upcoming card fee market reviews
Both reviews focus on Mastercard and Visa; the pair make up 99% of debit and credit card payments in the UK.
Brex to stop serving “traditional” small businesses
Small businesses using Brex have until August 15 to move their funds.
Reserve Bank of India lifts ban on Mastercard onboarding new customers
RBI had imposed a ban on Mastercard in July 2021 for non-compliance.
FinTech Futures: Top five stories of the week – 17 June 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Fintech for migrants Rewire acquires prepaid card provider Imagen
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
Fintech Zytara partners deadmau5 to create branded banking solution
deadmau5 will join Zytara’s advisory board “to help enhance the creative direction for Zytara moving forward”.
Money 20/20 Europe: Digiseq connects the digital and physical world
At Money 20/20 Europe, FinTech Futures sat down with David Birch, chair of wearable payments disruptor Digiseq.
Nuula launches operations in Canada for small business owners
Nuula provides financial products and services to small business owners.
