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Fintech funding deals globally 3 January – 9 January 2022
Featuring OpenSea, PayFit, Petal, Sygnum and Starling Bank.
Video: fintech news pick of the week – Petal, Unibo, & iProov
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Credit building start-up Petal raises $140m in Series D, faces lawsuit
Petal CEO says firm is hiring across the board for more than 100 positions this year.
Colombian BNPL firm Addi raises $200m to support LatAm expansion
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
Paytech Rêv launches X World Wallet “super-app” in US
The X World Wallet is Apple Pay, Google Pay, and Samsung Pay compatible.
2021: Top five new fintechs and neobanks
FinTech Futures takes a look back at some of the year’s top new fintechs and neobanks.
2021: Top five fundraises
FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
2021: Top five mergers and acquisitions
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
The outlook for payments in 2022 and beyond
In 2022 we can expect more industry consolidation and further demand for alternative digital payment methods.
ICYMI funding round-up: pliant, CreditBook, CIRCA5000, and LiveFlow
Our weekly ‘In Case You Missed It’ funding round-up for you to get the latest funding news.
Indian BNPL start-up Uni raises $70m in Series A funding round
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
Fintech start-up DiviPay plans international expansion following $20m Series A round
The new funds will also be used for further product development and to hire more staff.
Nuvei partners Visa to launch branded crypto debit cards across Europe
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
Mexican fintech Clara hits unicorn status with $70m Series B round
The new cash will fund the start-up’s expansion into Brazil.
Fintech funding deals globally 6 December – 12 December 2021
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
Finance management platform Rho raises $75m in Series B round
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Curve appoints new CTO, Eric Molitor
Molitor replaces Matt Collinge, who left Curve after almost four years.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
Paytech Recharge.com hires David Lindheimer as CPTO
The appointment will bolster the paytech’s global expansion plans, CEO says.
TripActions partners with Stripe for European launch
TripActions is an all-in-one travel, corporate card, and expense management solution.
Finnish paytech Enfuce raises €45m in Series C round
The Series C investment round was led by Vitruvian Partners, with participation from Tencent.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
Tutuka and Paymentology merge to create new paytech “powerhouse”
The merger will “create the world’s first global issuer-processor spanning 49 countries”.
Fintech funding deals globally 29 November – 5 December 2021
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Slice hits unicorn status with $220m Series B funding round
Cash injection will be used to further develop its product offerings and hire more staff.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
YouTrip plans B2B expansion following $30m Series A
The Singapore-based fintech offers a multi-currency wallet, with a push into the corporate market now planned.
New neobank Migom provides unbanked entrepreneurs essential banking services
The digital bank also provides crypto capabilities, including instant crypto transfers.
New e-money fintech Twig launches in UK
Twig customers can turn their unwanted possessions into cash.
Landsbankinn prepares for PSD2 with Salt Edge
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
Unit adds cross-border payments capabilities with Currencycloud
Tie-up expands capabilities for the US customers of Unit’s Banking-as-a-Service (BaaS) platform.
TSB to close 70 branches across UK as digital-first banking becomes norm
Over 90% of customer transactions are now carried out digitally, the bank says.
BNP Paribas partners European paytech SIA to launch branded corporate cards
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
Revolut buys SME hospitality ePOS software provider Nobly POS
Nobly POS software will be integrated with Revolut payment offerings internationally.
Saigon Commercial Bank to revamp cards offering with BPC
The project is partly driven by predicted strong growth in mobile transactions in Vietnam.
SME neobank Open launches new embedded finance platform Zwitch
Open says Zwitch has already helped 10 start-ups embed financial services.
Mastercard acquires Latin American Start Path protégé Arcus
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
National Bank of Kuwait unveils country’s first digital bank
Weyay is in beta mode and will target the country’s large youth market.
Payhawk raises $112m in second largest B2B Series B in CEE
Funding round takes payments and expenses solution provider to $570m valuation.
