Trading app Robinhood plots global expansion with acquisition of UK crypto firm Ziglu
Robinhood says the deal forms part of its mission to “democratise finance”.
Cards
New UK fintech Frost to launch next month
The firm’s app currently has a waitlist of over 15,000 people.
Aussie fintech Archa lands $24m in equity and debt funding
The pre-Series A investment round consists of $4 million in equity funding and a $20 million debt facility.
Crypto paytech MoonPay receives $87m from entertainment and sporting stars
MoonPay CEO says: “Web3 is radically changing the way we approach the business of entertainment, sports and music.”
New UK fintech start-up GoSolo launches business account
GoSolo aims to streamline the application process for opening a UK business account as a non-resident.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK fintech funding round-up: Timeline, Leatherback & Network B
A handy round-up of the recent funding endeavours of UK-based fintechs.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
UK fintech Fidel API secures $65m Series B round
Funding will help the firm meet the “ever increasing demand for tools that enable programmable money experiences”.
Swiss challenger Alpian lands banking licence, raises $20m
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
Savings and retirement wealthtech Lilly set to launch in US
Billed as “the world’s first retirement debit and credit card”, the service will cost from $5 a month.
UK credit card start-up Yonder exits stealth, raises £20m
Yonder is designed for the five million-strong ‘credit invisible’ market underserved by current credit providers.
Aussie fintech Parpera launches to help people grow their businesses
Founded in April 2020 by Daniel Cannizzaro, Parpera has already raised AUD 2.7 million in equity funding.
US start-up Ramp reaches $8.1bn valuation with fresh $750m funding
Ramp’s raise included $200 million in fresh equity funding and $550 million in debt financing.
Expense management platform Jeeves raises $180m Series C funding
The Series C comes just seven months after the company’s $57 million Series B funding round.
Start-up Cape raises $33.1m to help businesses “unlock expense nirvana”
Cape will invest the money in technology, product expansion, and doubling its headcount in the coming months.
BancoEstado picks Entrust solutions for identity and card issuance
The Chile-based bank has turned to its existing supplier for cloud-based authentication.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Zeta partners Mastercard to shake up credit card issuance
The payments giant has also invested $30 million, alongside other investors, into Zeta.
Indian fintech Money View lands $75m Series D funding
Money View is now valued at $625 million.
Tesco Bank partners Onfido to streamline Clubcard Pay+ onboarding
Onfido uses AI-powered biometric technology to verify customer identification during onboarding.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
New SME banking player Pillar set to launch in Canada
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
LHV Group set to acquire Estonian paytech EveryPay
LHV CEO says growing its payment services business has become an important part of the firm’s growth strategy.
Australian fintech Zeller lands $73m Series B funding
Zeller says it has signed up more than 10,000 Australian businesses within eight months.
Lloyds partners fintech Bink to create unified customer loyalty programme solution
Lloyds has also made an equity investment for a minority stake in Bink.
Mastercard, Pine Labs and DBS Bank to roll out BNPL credit card offering
The solution will be available on all DBS Mastercard, Visa and American Express credit cards.
Volopay raises $29m in equity and debt for international expansion
Volopay is “building the control centre for modern companies for all their financial management needs”.
Banking challenger and investing platform Finch set to launch in US
Finch boosts users’ credit score by reporting spending to US credit bureaus Equifax, Experian and TransUnion.
Swedish challenger Rocker introduces fingerprint sensor biometric payment card
Rocker’s biometric payment card is the first of its kind in Sweden.
TripActions continues European expansion with third acquisition, Resia
Scandinavian travel management company Resia is TripActions’ third acquisition in Europe.
‘Earnings on demand’ fintech PayUp set to launch in UK
The app allows users to access their salary as they earn.
Philippines’ PayMongo raises $31m Series B to support nation’s SMEs
The Manila-based start-up has now raised around $46 million in total capital.
Amazon and Visa bury the hatchet over UK credit card fees
Visa says the agreement includes “a joint commitment to collaboration on new product and technology initiatives”.
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
US mobile banking app Spruce launches powered by SoFi Technologies’ Galileo
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Danish neobank Lunar welcomes new investor – Hollywood actor Will Ferrell
Actor “excited to take part in Lunar’s mission to give people more power from their money”.
Paysera appoints new CEO, awaits banking licence
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
