EXCLUSIVE: Wirex users hit by unexplained account restrictions and “disappearing” funds
A growing number of customers are fleeing Wirex.
Digital
Bill.com edges closer to profitability, shares up 30%
Between last October and December, revenue was up 38%, to $54 million.
Social impact app Tickr raises £2.5m
Tickr focuses on climate change, social impact and disruptive tech.
Fintech funding deals globally 1-7 February 2021
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
Ant plans for IPO as it reaches restructure deal with regulators
Ant has until November 2021 to register a new financial holding.
Hapi rolls out UK savings and investments app for parents
The start-up is backed by Entrepreneur First.
US investor Stash lands $125m Series G ten months after last round
Stash’s last valuation sits at around $812 million.
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
What the Fintech? | S.2 Episode 3 | Israel’s mobile lending tech scene
Featuring Shlomi Turgeman, founder and CEO of BTB Israel.
Cashplus lands full banking licence after 15 years as an EMI
The ability to lend on its deposits pits Cashplus directly against Starling.
Sync. signs deal with Railsbank to power premium accounts
The smart banking app is looking to expand following a 2020 launch.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
PayKey integrates investment and loan services on mobile keyboards
Clients include Standard Chartered, UniCredit, HSBC and ING.
A look inside MENA investor Global Ventures’ fintech portfolio
Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.
Reinvention: the lessons banks can learn from Bowie and Madonna
Madonna or Bowie consistently reinvented themselves to adapt to change and stay relevant.
HMRC awards Ecospend “largest” open banking contract valued at £3m
“Today marks a big step forward for adoption,” says OBIE.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
This “new normal” looks pretty familiar to me
How about we choose a new normal, the one that fixes the fundamental ways of working, not just the tool we use.
Video: Remote onboarding – how banks are evolving and changing the game
Featuring Jumio’s Dean Nicolls, Fintrail’s Robert Evans, and banking consultant Neil O’Brien.
FCA and UK Treasury “acting swiftly” to regulate fast-growing BNPL firms
The FCA is anxious about the number of citizens who will find themselves in debt.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Supply chain financing start-up CapBay raises $20m in Series A
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
Acquiring pricing models
A breakdown of the benefits and challenges presented by each merchant pricing model.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
ING rolls out integrated retail cashback service DealWise in Germany
The bank originally planned to launch the integration last year.
Oxbury Bank goes live on Naqoda core banking system
The two have worked together since Oxbury’s inception
Nigerian wealthtech Cowrywise raises $3m pre-Series A
The co-founders aim to democratise Nigerians’ access to savings and investment products.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
US fintechs Albert and Crux Informatics in funding rounds
Featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36 million convertible note.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
Absa launches digital bank Spot Money in South Africa
The open banking platform integrates with various bank and payment services.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
