ICYMI fintech funding round-up: Efficient Capital Labs, CapStack and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Explore thousands of open roles on the FinTech Futures Job Board today.
Weber is departing the position to pursue his own entrepreneurial journey.
The credit union intends to create a modernised user experience for its 37,000-strong member base.
He joins BKN301 Group from Klar, a digital bank in Mexico, where he served as CTO for a year.
Cybersecurity must develop in tandem with AI, the regulator’s chief executive said this week.
The London-based bank payment company becomes the UK direct debit provider to Moss’ UK expansion.
Convera will deploy Temenos’ Payments Hub solution running in the Temenos Cloud to replace its legacy systems.
According to Bloomberg, the potential deal would form part of a European expansion push for Monzo.
The bank has struck an agreement this week to sell a 77.8% stake in AXS to the private equity firm.
The service’s arrival is a response to the failings of chatbots.
In the latest episode of the podcast, we’re joined by Whikie Liu, Strategy Director, Capital Markets at Swift.
The round was led by Intel Capital, with participation from new investor Allianz Life Ventures, and existing investors.
The fund will have an initial size of €67 million, with increases subject to consent from the lenders.
The firm is setting up a new base in Luxembourg and will invest €200m in the country and across the wider EU.
Fiinu’s cost reduction plans include staff redundancies.
Investigations have been carried out at sites in East London, Leeds, Exeter, Sheffield and Nottingham.
With the funds, Jirav plans to fuel product development, expand its customer base and attract new talent.
The community banking platform’s FPS offering is projected to benefit 100,000 credit union members.
With the new funding, Collective plans to accelerate AI deployment across its operations and add new features.
Dixon intends to “ensure fast and secure payments” and bolster Allied’s information security practices.
Citi Commercial Bank (CCB) says the new platform has been created “in close collaboration” with its clients.
The new seven-year agreement is to last until 31 March 2030.
The US payments platform is to cut 9% of its workforce by Q3 2023.
GoCardless CEO says the appointment brings them the the ability to make “fast and effective decisions”.
The company says it will use the funding to strengthen its governance and compliance.
Mambu’s cloud technology and Knowit’s loan origination solution are to support the SPK’s housing loan offering.
The company claims its new solution can identify “nearly every citizen in the world”.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
The agreement was confirmed by the signing of a MoU in Phnom Penh, Cambodia’s capital city, this week.
Backbase will enhance BRD’s digital banking services and customer experience.
Tarabut Gateway says Sanad excels “particularly in scaling growth start-ups post-Series A”.
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Bailey’s appointment will seek to assist Silverbird in “liberating cross-border trade” for SMEs.
Ant Group and its subsidiaries have received a penalty of $984.3m, and Tenpay has been slapped a fine of $413m.
Real-world examples and practical insights on how to harness the power of cloud native observability.
There’s a direct correlation between the rate of a bank’s digital transformation and its ability to win and retain customers.
Apple is reportedly exploring a partnership with HDFC Bank in India to roll out a credit card offering.
Utilising Temenos’ core banking platform, BanCoppel aims to scale its operations and offer more banking services.