New York cash advance app Brigit reveals $35m Series A
Brigit’s CEO is a former Deutsche Bank and Infosys executive.
Digital
Prospective UK challenger Perenna lands $10m ahead of Q3 launch
The fintech lodged its banking licence in the last quarter of 2020.
NAB signs SME payments deal with Eedenbull
Eedenbull is providing a handful of systems to the major Aussie bank.
UK fintech Just lands court backing to undercut bailiff industry
Currently, Just’s virtual offering is in beta.
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
Ant sets up working group to overcome Chinese regulatory requirements
Companies like Ant have until November 2021 to register a new financial holding.
Tide gears up for international expansion to India
The fintech says it will bring the exact same offering it has in the UK, to India.
ADQ’s unnamed neobank nabs new CEO from Emirates NBD
Patel joins the upcoming challenger after leading Emirates NBD’s challenger Liv.
Konsentus acquires Open Banking Europe initiative from EBA Clearing subsidiary
Open Banking Europe (OBE) will remain a separate operating entity.
Lessons from The Boring Company
Perfecting the art of boring requires some rare skills.
Fintech funding deals globally 11-17 January 2021
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
US banks must lose “legacy anchor” to meet customer needs in 2021
The banking landscape in North America is undergoing a fundamental shift.
Goldman Sachs mulls acquisitions to bulk up Marcus
Goldman’s CEO intends to make Marcus a pillar of the US bank’s growth.
Temenos shakes up executive team with changes at the top
Promotions and hires for the Swiss banking vendor.
MX ties up $300m in Series C funding
Utah-based firm has raised more than $500m since launch.
Vietnamese “super app” hopeful MoMo lands $100m Series D
The fintech’s registered users doubled to 23 million in 2020.
Understanding the three key trends in SME banking for 2021
The pandemic has accelerated digital transformation in banks’ lending platforms.
Video: Top fintech stories this week – 15 January 2021
FinTech Futures’ weekly news round-up.
Affirm IPO sees shares surge 98%
Affirm managed to halve its losses by June 2020.
Italy’s BNL goes live on Tink open banking service
The implementation is part of an extended deal with BNP Paribas.
Pakistan launches new instant payment system Raast
Government hopes Raast can host a collection of payment types.
The Cambridge Building Society migrates to Azure cloud with DPR
DPR provides its mortgages and savings platform on the cloud for the society.
Digital lender Blend raises $300m in Series G funding round
Lending firm plans to expand team and grow its products with the substantial raise.
Indonesia’s BukuKas lands $10m led by Sequoia Capital’s Indian arm
BukuKas says it already serves some 3.5 million customers.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Walmart prepares launch of its own fintech start-up
Retailer says customers want more of its financial products.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
Polish consumer protection regulator investigates CD Projekt over Cyberpunk 2077
The UOKiK can fine the studio up to 10% of its annual revenue if it finds fault with its refund policy.
Freetrade pauses trading for US stocks following technical issues
Some investors woke up to their US stocks up over 2000%.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
Philippines’ mobile wallet GCash closes on $1bn valuation with new funding
Mynt-operated firm raises $175m from US investor.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
2021 predictions: don’t overlook the phone call
Due to the explosion in illegal robocalls, many consumers have simply stopped answering the phone.
UK payments acquirer Unlimint powers on with “aggressive” LatAm expansion
In November, the fintech rebranded to Unlimint from ‘Cardpay’ as part of its expansion plans.
IHS Markit acquires compliance firm Cappitech after year-long partnership
Cappitech had provided its platform for Markit’s SFTR system.
Curve lands $95m as it reveals losses have quadrupled
The fintech claims to have two million customers.
Stripe cuts off Trump campaign for inciting violence
Payments processor strips Trump for encouraging violence.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
Tackling mobile fraud in 2021
Mobile numbers and associated SIM information have become even higher prized targets for fraudsters.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
