Spanish BNPL fintech SeQura lands €150m financing facility from Citi
The funding will support the firm’s expansion across southern Europe.
Consumer/Personal Finance
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
Banking start-up Fiinu readies for launch with new leadership hires
Fiinu has hired a new CFO, CPO and head of technology.
Klarna cuts more jobs just months after laying off 10% of global workforce
The BNPL giant is planning more cuts after laying off approximately 700 staff back in May.
Video: ebankIT at FinovateFall 2022 – Digital banking innovation and user engagement
We chat with João Pinto of ebankIT to discuss the firm’s new products and its US expansion plans.
How financial services are following in the footsteps of Amazon with digital identity
The financial services industry must be prepared to completely reimagine the digital experience.
Zopa Bank and ClearScore in bid to strengthen consumer finances by 2025
The initiative will focus on four areas – savings, credit building, debt consolidation and utility marketplaces.
“Care now, pay later”: medical care fintech Scratch raises $35m Series C
Scratch offers a payment model to help patients cover the cost of medical care.
Nymbus and Citizens Bank of Edmond to launch niche bank for US military
The product will offer financial services designed to meet the needs of newly enlisted members of the military.
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.
How coopetition can boost financial inclusion in LatAm
An environment of coopetition between companies can further democratise access to financial services in LatAm.
Are challenger banks now facing challengers of their own?
For the first time in their short history, the challengers are now being challenged themselves.
UK’s Amplifi Capital launches personal loans provider Reevo Money
Reevo Money says its ultimate goal is to help people build their credit rating.
ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Gen Z investors want more than crypto and meme stocks
The key thing missing from many banking and investment platforms is personalisation.
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.
Is fraud outpacing fintech?
Financial crime continues to reach new heights, but fintech is leading the counterattack.
Singapore’s GXS Bank launches with savings product for the underbanked
GXS wants to address the pain points of the two in five Singapore residents who are currently underbanked.
Indian lendtech EarlySalary raises $110m Series D funding
EarlySalary will use the new funds to expand into new markets and increase its loan book.
Japan’s SMBC Group to launch Jenius Bank in the US
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
Just do it?
How can we, as an industry, be more empathetic and create solutions that matter?
US real estate fintech Reali to close down
The firm will be laying off most of its workforce on 9 September 2022.
Afterpay shutters its Westpac-powered Money app
Afterpay says customers will not have access to their Money accounts from 10 October 2022.
ICYMI fintech funding round-up: Chekk, Hello Clever & Zywa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Reserve Bank of India lifts onboarding restrictions on American Express
The RBI imposed restrictions on the US card issuer in May 2021, denying it the ability to onboard new customers.
The role of the payments industry in saving people and planet
Changing the way we make payments can have a substantial positive impact on our society’s carbon emissions.
BCFC selects Codebase Technologies & Atyaf eSolutions for digital upgrade
BCFC hopes to enhance the infrastructure of its mobile and web customer channels.
What the FinTech? | S.3 Episode 12 | Tackling the challenges for challenger banks
In this episode of the podcast, we’re joined by Kim Symmons, head of design at UK business bank Mettle.
Egyptian BNPL firm valU acquires employee management fintech Paynas
Paynas provides employee management and payment services to MSMEs.
Two new mortgage start-ups launching in Latin America – Toperty and Saturn5
Toperty is based in Colombia and Saturn5 is based in Mexico City.
New bank for the US military community to launch this winter – Moonbeam
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Saudi BNPL firm Tamara raises $100m Series B
The latest raise brings the fintech’s total funding to date to $216 million in equity and debt.
FCA tells BNPL firms to ensure ads are “clear, fair and not misleading”
The FCA is “proactively monitoring the market to ensure expectations are met”.
Fintech start-up Pomelo raises $70m in seed financing
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
Trustfolio teams up with Equifax for open banking-powered debt advisory solution
The solution on Trustfolio’s Debt Adviser Support Portal will provide access to banking transaction data.
Nordic firm Axo snaps up digital credit-scoring platform Defero
Defero’s CEO will join Axo’s group management team following the transaction.
State of play: BNPL
BNPL has become one of the most divisive credit products of the modern age.
CIBC partners MX for fintech customer data access agreement
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
Digital lending platform Auxmoney secures €500m to fund new loans
The financing has been provided by American multinational Citi and French investment bank Natixis.
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.
