US fintech GeoWealth bags $18m investment led by BlackRock
Existing investors Kayne Anderson Growth Capital and JP Morgan Asset Management also contributed to the funding.
Financial Services/Finserv
Mississippi’s Renasant Corporation to buy The First Bancshares in $1.2bn all-stock deal
The merger will create a six-state Southeastern banking franchise with around $25 billion in assets.
July 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in July.
July 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in July.
German wealthtech Bunch lands $15.5m Series A
Bunch has now secured a total of $22 million in funding to date.
Wealthify names former Azimo chief Richard Ambrose as new CEO as Andy Russell steps down
Russell is moving onto “the next phase of his career” having served as Wealthify’s CEO for over four years.
Building on solid foundations: Writing the next chapter of the UK’s open banking story
The potential for all parties to benefit from open banking is clear, and it’s immense.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
July 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
FinTech Futures: Top five news stories of the week – 26 July 2024
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
Acrisure names NYSE vice chairman John Tuttle as new president
Tuttle has spent the last 17 years in leadership roles at the NYSE and its parent, Intercontinental Exchange.
The relevance of incumbent cores
As the rate of change accelerates, banks must prioritise adaptability and innovation.
Financial transactions database TigerBeetle raises $24m Series A funding
TigerBeetle plans to invest in engineering as it looks to double the size of its team by the end of the year.
Simona Covaliu appointed new CRO of PayU GPO
Covaliu will lead PayU GPO’s security, compliance, privacy and risk units.
Revolut secures UK banking licence with restrictions, enters mobilisation stage
Revolut has been in pursuit of a UK banking licence since 2021, when it first lodged its application with the PRA.
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
In 2023, the alternative lender financed over €27 million in small business loans.
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
HSBC first introduced FinConnect in Singapore through its partnership with SGFinDex in late 2020.
Oat lattes and principles
Diverse workforces are more resilient and perform better against every conceivable metric.
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Fourteen banks and building societies are set to implement the new cash access system.
Social trading app Shares set to exit UK market
Shares plans to close its UK app on 30 August as it looks to “focus on the French and EU markets”.
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
The deal includes the entire share capital of both companies and is expected to close in Q4 2024.
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
The bank will utilise Network International’s platform for debit, credit and prepaid card hosting and processing.
What the FinTech? | S.5 Episode 12 | The emerging technologies driving innovation in payments
In this podcast episode, we chat with George Maddaloni, CTO of Operations at payments giant Mastercard.
The UK risks throwing away its fintech crown as open banking ambition stalls
The cost of allowing fintech to languish in limbo is simply too high.
UK money management app Plum raises £16.1m investment
The investment is comprised of a £13.4 million Series B and a £2.7 million Crowdcube campaign.
Bank of Clarke partners with Greenlight for family money management solution
Bank of Clarke becomes the first Virginia community bank to offer Greenlight’s service.
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
The international expansion will be aided by both M&As and partnerships.
BBVA and Telefónica Tech team for cybersecurity push, launch dedicated centre in Mexico
BBVA says its goal is to be “prepared to respond to all types of attacks”.
UAE’s myZoi launches financially inclusive digital wallet with “one-to-many” transfer capabilities
The digital wallet enables transfers to up to five people for the price of one.
Airwallex branches out into retail investment products with new Australian licence
The fintech is to leverage the AFSL licence, granted by ASIC, to expand Airwallex Yield.
Pennsylvania’s Sagent appoints Jaime Gow as new CFO
Gow will work out of Sagent’s major US tech hub in Dallas, Texas.
HKMA unveils latest additions to stablecoin issuer sandbox
The new sandbox aims to facilitate the “sustainable and responsible” development of HK’s “stablecoin ecosystem”.
US Federal Reserve fines digital bank Green Dot $44 million over “unfair and deceptive practices”
Green Dot has been anticipating the arrival of the consent order since February.
US fintech Coast bags $40m Series B for product, partnership and team expansion
The fintech will apply the funds to “accelerate its product and partnership development”.
B2B paytech Slope lands $65m equity and debt funding led by JP Morgan
Following the investment, Slope will join the JP Morgan Payments Partner Network.
Boku names former NatWest exec Rob Whittick as new CFO
Whittick most recently served for over four years as chief of staff of NatWest Group.
ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 19 July 2024
Our pick of the top fintech news stories this week includes HSBC, Stripe, the FCA and more.
What’s next for UK fintech under the new Labour government?
After Labour’s election victory, FinTech Futures explores what the future might hold for UK fintech.
