Layoffs and hires: Curve, Gemini and Citigroup
Curve and Gemini lay off employees, while Citi plans on hiring 4,000 techies.
Cards
MENA’s BaaS provider NymCard raises $22.5m funding
This venture round takes NymCard’s total funding to over $35 million.
Swedish fintech start-up Juni raises $206m in funding and debt financing
Juni’s Series B funding round comprises $100 million in funding and $106 million in venture debt financing.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Temenos gains new paytech client in the UK, Optimus Cards
Temenos’ tech was chosen for its proven reliability, resilience, and flexibility, says CEO of Optimus Cards.
Indian fintech start-up Slice raises $50m in ongoing Series C round
The round has been led by Tiger Global with participation from new investor GMO Venture Partners.
Barclays to shutter 27 more branches, taking its total to 103 branch closures for the year
As customers increasingly bank digitally, Barclays is “carefully reducing” the number of underused branches.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Mastercard partners HyperPay to boost digital payments across MENA
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Mambu partners Brim Financial for new digital banking offering
Through the partnership, the firms will deliver a new digital banking platform in North America.
Webinar: How to keep up with the card payments industry upstarts and capitalise on the opportunities
Lessons from neobanks, start-ups and paytechs to exploit these substantial revenue opportunities.
Card-issuing platform Marqeta partners Evolve Bank & Trust
Evolve will support the full range of Marqeta’s card programme management capabilities.
Moneybase partners Compass Plus Technologies for new app and cards
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
YAP expands into Pakistan with EMI licence approval
YAP Pakistan hopes to address the challenges consumers face in the foreign remittance market.
Payments infrastructure firm Xendit lands $300m Series D round
This latest round brings Xendit’s total funding raised to date to $538 million.
ICYMI fintech funding round-up: CertifID, Bridgecard & Forward
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
Our weekly fintech round-up for you to get the latest funding news from around Europe.
CommBank-backed money app Kit enters trial phase
Kit is available in trial mode to 5000 people living in Australia.
NatWest Group fined £1.82m for overcharging credit card interchange fees
NatWest, RBS, Ulster Bank and Coutts incorrectly treated a number of cards as being ‘commercial’ cards.
LeapFrog and Tana Africa invest in Nigerian paytech Interswitch
LeapFrog and Tana will work with Interswitch to increase its customer base and develop new products.
Credit card platform Deserve secures $250m credit facility
The new facility follows a $50 million Series D raise in October 2021.
Airwallex hires Pranav Sood to head up EMEA operations
Sood joins from GoCardless, where he was most recently vice president of small business.
UK government unveils new law to protect access to cash
Economic secretary to the Treasury John Glen says: “We know that access to cash is still vital for many people.”
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
MDI aims to become Egypt’s first fully digital bank
MDI aims to drive financial inclusion within Egypt.
Developer infrastructure bank Column launches to cut middleware bloat
Column is the only nationally chartered developer infrastructure bank in the US.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
Canada’s Neo Financial hits unicorn status with $145m Series C raise
The round was led by Valar Ventures, with new and existing investors also participating.
Latin American Bitcoin rewards credit card provider YoCripto readies for launch
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
Co-branded credit card platform Concerto launches with $21m funding
The early-stage round was led by Matrix Partners and saw participation from PayPal Ventures.
Banks must capitalise on the data opportunity or face extinction
Traditional banking systems remain largely built on the rails of decades-old technology.
Rewards platform Kard secures $23m in Series A funding round
The new funds will be used to expand its merchant network and product offering.
North America fintech funding round-up: CoreChain, OneVest & Crowdz
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
Fintech app for teens Copper secures $29m Series A
The latest round takes Copper’s total capital raised to date to $42.3 million.
US challenger Cogni lands $23m in Series A funding
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
US paytech Choice brings on Nexa Equity as majority investor, acquires DPC
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
Fintech start-up Valor set to launch in US for Latino and Hispanic communities
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
US financial services super-app Multicent gears up for launch
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Union54, Themis & Sawa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
