ClearBank sees income nearly triple to £58m in 2022
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
Embedded Finance
FinTech Futures: Top five stories of the week – 7 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Railsr appoints new CEO, CFO and COO following rescue sale
Railsr board chair Rick Haythornthwaite says the new appointments bring “renewed energy” to rebuild the firm.
New York fintech Spiral secures $28m Series A funding
The company will use the funding to launch its Impact-as-a-Service platform.
Finalists announced for Banking Tech Awards USA 2023
The shortlist for the Banking Tech Awards USA 2023 has been announced.
ICYMI fintech funding round-up: Wingspan, Monite, Fundpath and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Pay.com partners Cross River to drive US expansion
Cross River’s compliance, payments and tech infrastructure will allow Pay.com to “scale and reach new markets”.
FinTech Futures: Top five stories of the week – 17 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Loyalty matters… enter embedded banking
Many big brands are now looking at embedded banking as a way to boost customer loyalty.
FinTech Futures: Top five stories of the week – 10 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK fintech Railsr sold to consortium of VC firms
The consortium consists of D Squared Capital, Moneta VC and Ventura Capital.
French fintech Aria bags €50m debt facility
Founded in 2020 and based in Paris, Aria offers an API-led B2B financing solution.
Banking Technology Magazine March 2023 issue out now
Cover story: FACE OFF – Confrontation can be a good thing.
Klarna to start charging late payment fees in UK
Late-paying users will be hit with a £5 fee from 16 March, City AM reports.
Buy now, worry about it later: the future of BNPL
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Interview: How Opus is leading the financial services sector forward to a more sustainable future
“The way I see it, the fintech landscape has never looked better,” says TM Praveen, CEO of Opus.
Lithuania’s central bank reportedly investigating Railsr over AML failures
The Telegraph reports that Railsr’s Lithuanian subsidiary is being investigated by the country’s central bank.
Banking Technology Magazine February 2023 issue out now
Cover story: HAPPY DAZE – Banking for cannabis businesses boosted.
Treasury Prime bags $40m in Series C funding
With the funding, Treasury Prime plans to build out its solution and develop new products and services.
Liberis lands €30m in debt financing from Silicon Valley Bank UK
The funding will support Liberis’ targeted expansion across the Nordics and Europe.
Freedom Finance names Richard Parfitt head of data science
Parfitt will be tasked with leading Freedom Finance’s data products initiative.
US fintechs Core10 and Union Credit secure funding
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
Get recognition at this year’s Banking Tech Awards USA
Nominations for the 2023 awards are now open – apply today!
ClearBank names new CFO, Mark Fairless
Fairless joins ClearBank from savings and investment firm M&G.
Embedded finance to lead the way in 2023 fintech innovation
Over 2023, financial services will continue to become more digital, accessible and decentralised.
Africa’s Flutterwave reportedly in bid to acquire British fintech Railsr
An insider reportedly told Sky News that there was “heavy competition for the asset”.
Solaris shakes up management board as it strives for profitability
The move is linked to a new target operating model and the firm’s new CEO, Carsten Höltkemeyer.
Banking Technology Magazine Dec 2022 / Jan 2023 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
Embedded finance fintech Arex sells Finnish arm to Svea Bank
Svea Bank says the acquisition will “strengthen” its position as a corporate financier.
SBM Bank India partners Open to launch fintech platform
Open CEO Anish Achuthan says the platform will democratise fintech and “redefine” the Indian business landscape.
UK fintech start-up Paytrix appoints David Sola as new CFO
Sola has previously served as a managing director at UBS, Houlihan Lokey and Softbank Europe.
UK’s ClearBank hits profitability as revenues soar
The firm says it has generated £45.4 million in revenue since the beginning of this year.
Q&A with Griffin: “We’ve built a purpose-built bank just for fintechs”
FinTech Futures speaks with Griffin’s CCO Adam Moulson about the company’s growth.
Railsr taps Featurespace to boost payment fraud and AML protections
Railsr will utilise card and payment fraud prevention and AML solutions through Featurespace’s ARIC hub.
SEB sets up new BaaS unit, SEB Embedded
With SEB Embedded, the firm is aiming to become a leading provider in the BaaS market.
Japanese paytech unicorn Opn acquires US firm MerchantE
Both firms will share technology and best practices, as well as jointly develop new products and services.
UK embedded finance firm Railsr reportedly considering sale
According to Sky News, Railsr is discussing a number of strategic options with FT Partners.
Ampla Technologies acquires B2B BNPL firm Upside Financing
Ampla says the acquisition will open up a B2B BNPL market that is worth an estimated $1 trillion.
Lendtech Ezra appoints Erwan Gelebart as new CEO
Gelebart has spent the past 14 years working for digital financial services firms across Africa and Asia.
UK lendtech start-up Plend lands £40m in seed funding
The seed round saw participation from the founders of Monzo, Starling Bank and Oodle Car Finance.
