ICYMI funding round-up: ApexEdge, DirectID, Everything, NALA, Tuum, & OZÉ
Our weekly round-up for you to get the latest fintech funding news.
Financial Services/Finserv
Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
Insurance payments platform Ascend lands $30m Series A
Ascend claims to be “the first modern insurance payments platform”.
Brazilian fintech platform Creditas scores $260m in Series F funding
Creditas is now valued at $4.8bn, with total funding raised to date standing at $829m.
JP Morgan acquires 49% stake in European SME paytech Viva Wallet
JP Morgan says Viva Wallet is a “natural fit” for its payments business.
Aladin Bank turns to Google Cloud for Islamic banking tech innovation
Aladin Bank, an Islamic bank in Indonesia, has announced a “strategic collaboration” with Google Cloud.
BNPL provider Splitit appoints new CEO, Nandan Sheth
Nandan Sheth moves from Fiserv, where he was head of global digital commerce and the firm’s Carat business.
Pinwheel raises $50m in Series B to help create “fairer financial system”
Pinwheel provides an API that allows businesses to connect payroll accounts to their applications.
UK credit card Keebo launches for “credit invisibles” in “passion economy”
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Modifi acquires Seawise Capital’s trade finance and SaaS business in India
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Santander enters BNPL market with launch of new platform Zinia
Already live in Germany, Santander now plans to roll out the service in the Netherlands and Spain.
Al Rajhi Bank Malaysia taps Thought Machine to power new digital bank
ARBM will deploy the Vault core banking solution to deliver Shariah-compliant banking products.
Baton Systems appoints ex-Barclays exec as its first COO
David Ornstein steps into a newly-created role of chief operating officer (COO) at Baton.
Zafin acquires fellow Canadian fintech Fincad
Together, Zafin and Fincad will become “one of Canada’s largest B2B fintech companies”.
Crypto asset software and data provider Lukka lands $110m in Series E
New York-based Lukka is now valued at $1.3 billion.
Technology holds the key to solving the Covid loan repayment crisis
The adoption of new tech by governments can help SMEs access the cash needed to repay their Covid loans.
Banking Tech Awards 2021 Winner: Snoop – Best Open Banking Solution
What’s next for the award-winning app that helps people “live smarter”.
Alternative lender 365 Business Finance secures £55m funding
365 Business Finance aims to quadruple its lending to UK SMEs over the next two years.
Rupifi appoints early investor Rajesh Kamra to lead B2B payments innovation
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
ING spin-out fintech Katana Labs shuts down
“I regret to announce that Katana Labs will cease to operate as of January 31, 2022,” founder says.
Fifth Third snaps up green energy lendtech Dividend Finance
Dividend Finance offers financing solutions for renewable energy focused home improvement projects.
German fintech start-up Moss secures $86m Series B funding at $573m valuation
The latest cash injection takes the company’s valuation to over €500 million ($573 million).
Technology and collaboration – the formula for reconceiving trade finance
Digitisation and collaboration across global trade are vital to upgrading this centuries-old industry.
Webinar: How to detect and prevent account takeover attacks and protect your customers
Guest speaker: Ash Khan, head of enterprise fraud management, Bank of Montreal (BMO)
Indian fintech start-up M2P raises $56m in Series C1 round
M2P claims to have raised more than $100 million in the past year alone.
White paper: Accelerate! Digital transformation in wealth management
A fresh insight into how financial institutions adopt new strategies, brought to you by Celent.
Lean Technologies lands $33m funding to build infrastructure for fintech in the Middle East
The Series A funding round was led by Sequoia Capital India.
Iroquois Federal and Nymbus launch banking brand for newlyweds, Hitched
“Niche banking is the most significant innovation opportunity for financial institutions today,” Nymbus says.
Start-up Vartana launches with $57m funding with aim to become the “Affirm for B2B”
Vartana is a new provider of managed checkout and BNPL options for businesses.
SoFi realises ambition to become national bank with US regulatory approval
The firm filed an application with the Office of the Comptroller of the Currency in July 2020.
The state of start-up funding in Europe
European start-ups are starting to have access to a far broader and more founder-focused investment ecosystem.
White paper: Customer experience in the new reality – challenges for banking ecosystems
Learn what your business customers’ needs are in the new digital reality and how to respond to them.
White paper: How insurers can build better relationships with their customers
Researching behavioural trends amongst insurance prospects and clients, especially throughout the pandemic.
Video: fintech news pick of the week – Amazon, Visa, Bolt & Lunar
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Case study: Recognise Bank and nCino – digital solution for SME bank
Learn how Recognise sought an end-to-end digital solution to help it offer the best service to SMEs.
White paper: To buy or to build – which is the best path for digital transformation?
An actionable roadmap for approaching any major digital transformation journey.
New financial services app Zindigi launches in Pakistan
Zindigi says the country has many banks, “but not many banking experiences”.
ICYMI funding round-up: BillEase, Cake, Gr4vy, Finmap, Shield, & Skilling
Don’t let funding announcements slip you by in this fast-paced industry!
Banking Tech Awards 2021 Winners Supplement out now
Projects, products, services and teams that showcased genuine innovation and had a tangible impact.
