Credit building start-up Petal raises $140m in Series D, faces lawsuit
Petal CEO says firm is hiring across the board for more than 100 positions this year.
Petal CEO says firm is hiring across the board for more than 100 positions this year.
FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
The new payments system will form the “backbone” of a broader retail payment system infrastructure.
MoMo says it will use the cash to expand the suite of financial products available on its ‘super-app’.
The acquision is expected to add $90m of revenue for MoneyLion.
Simply has provided £650 million worth of support to businesses since it was founded in April 2017.
Many lendtechs are looking to leverage the digital revolution to help drive post-pandemic recovery in the UK.
The funding will be used to support national and international expansion.
The start-up was formed through a merger of two consumer credit platforms earlier this year.
G20’s “Roadmap for Enhancing Cross-border Payments” – a landmark priority project.
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
Miles will lead a global team based across Europe, South America and Asia.
Since its launch in September 2015, OakNorth Bank has lent over £6.5 billion to SMEs.
Cash will go towards strengthening its Indonesian operations and expanding its workforce.
Tischendorf joins from 4Finance Group, where he served as CTO.
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
The company has identified 180+ unique migrant communities it intends to offer its services to.
Beyon Money has recently secured a “first of its kind” open banking licence.
GoWomen says it will provide banking services and financial awareness and wellness products.
The company received its first bank licence as the sixth principal clearing bank of the UK.
The digital bank also provides crypto capabilities, including instant crypto transfers.
Over 90% of customer transactions are now carried out digitally, the bank says.
In a digital by default world, banks need to be champions of ensuring everyone has access to financial services.
Scheduling of bill points to government’s stance despite speculation over rethink.
Company aims to increase blockchain bandwidth to scale technology for mass use.
The paytech says cash will help deepen financial inclusion on the African continent.
The new bank is intended to provide African Americans with better access to financial services.
The firm intends to issue credit cards for expats and is seeking funding of $100m.
The global platform for creatives plans a phased roll-out of financial services from this month.
Alloy’s API-based platform will be used to automate the bank’s identity verification process.
Capital to support Kafene’s point-of-sale financing to Americans with limited access to credit.
Brazil is South America’s biggest market for buy now, pay later (BNPL), and it looks set to keep growing.
Acquisition intended to accelerate Oportun’s expansion plans by three to five years.
The supplier’s AgileReporter platform forms part of the UK regional bank’s tech stack.
The $800,000 round comes ahead of a planned launch in UAE later this year.
The deal is expected to close in the second half of 2022.
The UK alternative lender is expanding its services using the new platform.
The fintech has achieved one of the largest funding rounds to date in Latin America.
The company launched in Argentina in 2017 before expanding its services to Mexico last year.