Significant shifts in consumer behaviour create unique opportunities for Nordic merchants
With the steady decline of cash in the Nordics, it is increasingly vital for businesses to provide digital payment options.
Consumer/Personal Finance
New neobank for couples Fibbl launches in India
The Bangalore-based Fibbl bills itself as a neobank for couples to manage money as a team.
Embedded finance platform Ant Money raises $20m, acquires savings app Blast
Acquisition of Blast boosts the number of apps under the Ant Money umbrella.
Vietnamese fintech MoMo raises $200m in Series E round
MoMo says it will use the cash to expand the suite of financial products available on its ‘super-app’.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
MoneyLion acquires embedded finance marketplace Even Financial for $440m
The acquision is expected to add $90m of revenue for MoneyLion.
Can open banking make BNPL more sustainable?
Could open banking be the missing piece to help BNPL mature into its next phase?
Brazilian payments platform Ebanx acquires remittance start-up Remessa Online for $229m
The deal comes less than two months after the firm picked up B2B fintech Juno to drive expansion.
Brazilian neolender Open Co secures $115m funding to boost expansion
The start-up was formed through a merger of two consumer credit platforms earlier this year.
Fintech start-up Papaya lands $50m Series B round to simplify bill payments
New cash injection takes the firm’s total capital raised to date to around $65 million.
Video: fintech news pick of the week – NatWest, Tyme & Uni
Our top pick of news from the world of finance and tech in bitesize video format, every week.
India’s FSS and CSB Bank team up to provide banking services to the financially underserved
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
Zopa shutters P2P retail investment business to focus on banking offering
Zopa CEO says erosion of consumer trust and regulatory burdens are to blame.
Fintech funding deals globally 6 December – 12 December 2021
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
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.
Microsoft met with criticism over BNPL plans for Edge
Microsoft has partnered with Zip to offer a BNPL payment option in its Edge browser.
Indian fintech start-up Simpl lands $40m in Series B funding
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
ICYMI funding round-up: Bunq, Qapita, GajiGesa, Knowledge Bank, Anchor, Goalsetter, & Lamaa
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
Abrdn to acquire online investment platform Interactive Investor in £1.49bn deal
Abrdn had previously confirmed it was in talks to acquire the company in November.
New neobank designed exclusively for women of colour launching in 2022
GoWomen says it will provide banking services and financial awareness and wellness products.
The rise of carbon-centric super apps
Looking to the future, increasing climate change could see the emergence of carbon-centric super apps.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
Money management app Plum raises $24m from investors and crowdfunding
The London-based company plans European expansion and product development.
Digital wealth app Endowus secures $27m in latest funding round
The Singapore start-up gains backing from new and existing investors from across Asia.
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.
BNPL start-up Pace raises $40m in pan-Asian Series A
The Singapore-based company has plans for international expansion.
ICYMI funding round-up: Pomelo Pay, Nudge, Recordent, fintus, EarlyBird, WLTH, and Basiq
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
The heat is on for banks to cool the planet
Banking has a bigger role to play in climate change than many of us realise.
Lydia to white-label Bitpanda platform for digital assets
Partnership will provide investment opportunities to Lydia’s 5 million customers via its app.
Family savings fintech UNest raises $26m in Series B round
Company is one of the few US fintechs with a female founder to gain investor funding to date.
Mexican BNPL platform Aplazo completes $27m Series A round
Increase in headcount and Latin American expansion planned.
New fintech start-up Arbo Works gains seed funding ahead of launch
Set up by ex-Google execs earlier this year, the firm is embarking on a major recruitment drive.
Black-owned Adelphi Bank files for licence in the US
The new bank is intended to provide African Americans with better access to financial services.
Video: fintech news pick of the week – N26, CaixaBank, Oportun & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
