US fintech One lands $40m in Series B funding
Start-up aims to bring “all-in-one banking” to middle-class Americans.
Digital
The birth of personal banking assistants
Banks should aim to utilise more data to become a personal banking assistant for your money/wealth.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
Plaid announces Series D extension featuring AmEx and JP Morgan
CEO Zach Perret says its new backers are “storied companies”.
Branch raises $48m Series B to serve independent contractors
Payments firm provides instant access to wages and a zero-fee bank account.
Blockchain security start-up CertiK lands $24m in Series B extension
The “Series B+” investment comes just one month after the firm’s $37 million Series B round.
Boku launches mobile payments network M1ST
Firm aims to make mobile payment acceptance easier for merchants.
UK challenger Kroo lands licence to build social bank
Kroo, formerly B-Social, plans a full launch in 2022.
LendInvest signs partnership with HSBC and Barclays worth £150m
Property finance firm continues growth with new collab deal.
M-DAQ lands $145m Series D funding from Affinity
The investment sees Affinity take a joint controlling stake in the company.
Cartoon: Pac-Man, our friendly neobank
This new cartoon illustrates some of the daily threats faced by neobanks.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
Video: Compass Plus on developing a new universal payments processor
FinTech Futures interviews Maria Nottingham, Executive Vice President of Compass Plus.
US Bank acquires SME expenses firm Bento Technologies
US Bank aims to combine its payment and expenses offerings for SMEs.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Ualá hits $2.45bn valuation with $350m Series D round
Fintech start-up claims the funding is a record investment for an Argentine company.
Reimagining customer experience in financial services
Utilising the cloud can help banks get customers to the right person at the right time.
Fintech funding deals globally 9 August – 15 August 2021
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
Azentio Software acquires Islamic banking vendor Path Solutions
Singapore company, spun out of 3i Infotech, plans end-to-end platform with new assets.
Abrdn acquires wealth management platform Exo Investing from Nucoro
Edinburgh-based investment firm plans to offer a 24/7 digital wealth management app.
Temenos wins long-term deal with Hamilton Reserve Bank
Caribbean bank signs up Temenos to cover a range of banking services.
CoinDCX lands $90m Series C funding to become India’s first crypto unicorn
The round was led by Facebook co-founder Eduardo Saverin’s B Capital Group and returning investors.
Video: fintech news pick of the week – Western Union, Dataiku and Razer
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Mambu wins new digital banking deals in Colombia and Vietnam
German banking vendor signs a pair of new deals spread across the globe.
Dutch challenger Bunq hires Jon Fath as new COO
Fath joins from AI logistics firm Transmetrics, where he worked as CEO.
The social dilemma
With half the world on social media, why are so many FIs still shying away from it in fear?
Canadian fintech FreshBooks reaches $1bn valuation with latest funding
Firm secures $80.75 million in Series E funding and $50 million in debt financing.
Paymentus to acquire fintech partner Payveris for $152m
The transaction is expected to close in Q3 2021.
Tulipshare launches as world’s first “activist investment platform”
Start-up aims to give investors the chance to push for positive change at corporates.
Digital assets platform FalconX hits $3.75bn valuation with $210m Series C round
The California-based firm plans further growth and strategic acquisitions.
Western Union agrees sale of Business Solutions division for $910m
Investment firms Goldfinch and Baupost are paying in cash.
AI firm Dataiku lands $400m in Series E funding round
The new investment takes its valuation up to $4.6 billion.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
Kroo nets £17.7m Series A funding to build new digital bank
Neobank hopeful aims to secure a full banking licence ahead of a planned launch in 2022.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
