Ualá hits $2.45bn valuation with $350m Series D round
Fintech start-up claims the funding is a record investment for an Argentine company.
Financial Services/Finserv
Fintech funding deals globally 9 August – 15 August 2021
Featuring Carta, Uala, FalconX, M-DAQ and TaxBit.
Figure Technologies to merge with Homebridge Financial Services
Blockchain firm says its technology can double Homebridge’s capacity.
Change at the top for SimCorp as Christian Kromann appointed new CEO
Kromann takes over from incumbent Klaus Holse, who held the role for nine years.
Azentio Software acquires Islamic banking vendor Path Solutions
Singapore company, spun out of 3i Infotech, plans end-to-end platform with new assets.
Abrdn acquires wealth management platform Exo Investing from Nucoro
Edinburgh-based investment firm plans to offer a 24/7 digital wealth management app.
Temenos wins long-term deal with Hamilton Reserve Bank
Caribbean bank signs up Temenos to cover a range of banking services.
Is a change of approach required to benefit from cloud services as critical infrastructure?
It’s a fine balancing exercise of facilitating and encouraging innovation and adoption of cloud integrated services.
Video: fintech news pick of the week – Western Union, Dataiku and Razer
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
FinTech Futures Jobs: Three really exciting jobs to apply for this week
Exciting vacancies at OakNorth, Checkout.com and Deloitte. Apply today!
ICYMI funding round-up: Sarwa, Salad, Grip, Keebo & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Mambu wins new digital banking deals in Colombia and Vietnam
German banking vendor signs a pair of new deals spread across the globe.
GC Partners to boost Asian payments network with Nium collaboration
UK firm looks to strengthen its payment services offering in major Asian markets.
Triodos Bank UK partners SurePay to deploy Confirmation of Payee solution
Triodos says it chose to partner with SurePay due to its “best-in-class” platform.
BNPL firm Zilch sets up US expansion with NepFin acquisition
The acquisition of the American firm will give Zilch a foothold in the US market.
Dutch challenger Bunq hires Jon Fath as new COO
Fath joins from AI logistics firm Transmetrics, where he worked as CEO.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Canadian fintech FreshBooks reaches $1bn valuation with latest funding
Firm secures $80.75 million in Series E funding and $50 million in debt financing.
Paymentus to acquire fintech partner Payveris for $152m
The transaction is expected to close in Q3 2021.
Tulipshare launches as world’s first “activist investment platform”
Start-up aims to give investors the chance to push for positive change at corporates.
Digital assets platform FalconX hits $3.75bn valuation with $210m Series C round
The California-based firm plans further growth and strategic acquisitions.
Western Union agrees sale of Business Solutions division for $910m
Investment firms Goldfinch and Baupost are paying in cash.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
Kroo nets £17.7m Series A funding to build new digital bank
Neobank hopeful aims to secure a full banking licence ahead of a planned launch in 2022.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
Video: fintech news pick of the week – BharatPe, Apple and BigPay
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Plaid agrees $58m settlement over data privacy class action
The plaintiffs alleged Plaid stored and used bank account information without consent.
Open banking platform finleap connect overhauls management team
Uwe Sandner, Katja Hunstock and Ignacio Garcia named as CTO, CPO and CSO.
Razer plans shutdown of Razer Pay service three years after launch
Payment service launched in Malaysia in 2018 and Singapore in 2019.
Malaysian challenger BigPay raises $100m to fund Asian expansion
BigPay is the fintech unit of Malaysian budget airline AirAsia Group.
Reserve Trust raises $30.5m in Series A, appoints new CEO
B2B payments firm says it can provide a service to cut out correspondent banking middlemen.
UBS fined by Hong Kong’s SFC for compliance breaches
SFC slaps $1.5 million fine on Swiss bank for multiple issues.
Fintech funding deals globally 2 August – 8 August 2021
Featuring Rapyd, Human Interest, Unico, Matrixport and Kuda.
Fintech start-up Zeni secures $34m Series B investment
California-based fintech will use the new financing to invest in growth and new hires.
Credit Suisse nabs 16-year HSBC veteran for global fintech role
Orazio Tarda joins the Swiss bank after a long spell with HSBC.
Paysafe signs deal to acquire alternative payments platform PagoEfectivo
The deal is expected to close by the end of August.
Indian challenger bank Jupiter lands $45m Series B funding co-led by Nubank
The start-up has now raised around $71 million in total.
