Irish start-up Wayflyer raises $76m in Series A funding round
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
Financial Services/Finserv
Fintech start-up Capchase plans European expansion after $125m funding round
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
Five trends driving the future of the middle office
The middle office is a work horse that handles business-critical operations, yet is reliant on dated technology.
Fintech funding deals globally 31 May – 6 June 2021
Featuring Wefox, Bought by Many, Chipper Cash, YieldStreet, and Kushki.
Afterpay user files US class action lawsuit over “huge undisclosed fees”
The user says Afterpay doesn’t educate customers about the bank’s overdraft fees
Circle raises $440m in financing to drive expansion
The company claims the funds will allow it to meet “significant global demand”.
Sri Lanka’s NDB Bank deploys video KYC with OneConnect and Axion
The bank aims to comply with new regulatory mandates.
Indonesian digital bank Jago signs cloud banking deal with Mambu
Newly-branded digital bank seeks to capitalise on recent success with new platform.
Morgan Stanley signs cloud partnership deal with Microsoft
Deal forms part of the US bank’s multi-cloud strategy.
FinTech Futures Jobs: Three companies actively hiring right now
Exciting vacancies at MSCI, Finastra and Checkout.com. Apply today!
Interview: Jason Blick, EQIBank – is DeFi the future of finance?
EQIBank brings together traditional and crypto finance; EQIFi is launching decentralised finance (DeFi) products.
Video: fintech news pick of the week – eBay splits from PayPal; EU plans new digital wallet
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
ICYMI funding round-up: Airtm, Cushon, Stake, Clim8, Nordigen & ikigai
A quick summary of this week’s smaller funding rounds.
2021 PayTech Awards hosted by Darren Harriott
Register for the free digital ceremony and networking on 8 July 2021.
Divido raises $30m from HSBC and ING to expand white label BNPL product
Founded in 2014, the firm claims 1,000 clients across 10 markets.
Community bank-focused Synctera raises $33m in Series A round
Synctera aims to facilitate partnerships between community banks and fintechs.
United Fintech hires 14-year Goldman veteran to lead North American expansion
Mark Lawrence joins the scale-up to grow its business in the US and beyond.
Ex-Wise employees found commission-free trading app Lightyear
Lightyear claims to be the only true commission-free retail trading app.
Techcombank selects Backbase for retail and corporate omnichannel banking
The decision is part of the bank’s strategy to scale and enhance its digital offerings.
BankingTech Awards 2021 – call for judges
An unrivalled opportunity to be on the forefront of fintech and banking tech innovation and gain exclusive insights.
The heart of the matter: customer-centric look at fintech
So much of what we conceive, discuss and celebrate is about tech. How often do we talk about actual customers?
Case study: Driving outcomes and getting value from production when security is paramount
Modulr uses the full Tyk API Management platform to securely and seamlessly form a layer in front of the Modulr API.
FCA: “Significantly high” number of crypto firms not meeting AML standards
The UK watchdog has extended application deadlines for firms to seek regulation.
eBay split from PayPal for paying sellers comes into effect
In the pipeline for some time, the switch marks a final loosening of a long-term partnership.
Latin America open finance specialist Belvo raises $43m
The Series A funding round is claimed to be the largest to date for a fintech in Latin America
EU plans new digital wallet for payments across all 27 nations
The new wallet is planned for a launch in the middle of 2022.
Commerzbank confirms first commercial transactions on Marco Polo network
Commerzbank, İşbank, LBBW and two corporates have completed transactions ahead of a launch.
FortisPay acquires EpicPay and Change Merchant Systems
US payments firm plans to create a unified platform combining all three.
Humans are messy things
Allow humans to be human and expect them to do the same for each other. And no, it’s not easy.
Video: fintech news pick of the week – HSBC, Klarna & Tandem
Top pick of news from the world of finance and tech in bitesize video format, twice a week.
Fintech funding deals globally 24-30 May 2021
Featuring Circle, Forter, Zeta, PaySend, and Agicap.
Chipper Cash raises $100m in SVB-led Series C round
Africa-focused P2P firm claims to be the continent’s most valuable start-up
Colombian BNPL Addi raises $65m in Series B funding round
Addi is continuing a planned expansion into Mexico and Brazil.
Digital insurer Wefox raises $650 million in Series C funding round
The funding round was four times over-subscribed and is a mix of new and existing investors.
Goldman Sachs leads $45m funding round in auto finance specialist MotoRefi
Funding follows strong growth over the last twelve months for US-based company.
CaixaBank aims for omni-channel leadership with ATM overhaul
Spanish bank plans roll-out that unifies the ATM and online experience for customers.
Bankable signs ten-year partnership with Aion Bank and Vodeno
The trio are targeting European banks, brands and fintechs.
Leveling the banking playing field for the masses
Banks should stop making assumptions about what different market segments of banked and underbanked need.
CBA invests in online shopping start-up Little Birdie and energy retailer Amber
The Aussie bank is seeking to add value and increase engagement for its digital banking offering.
UK bookkeeping fintech Coconut embarks on crowdfunding path
The latest funding push by Coconut comes ahead of a significant switch to mandatory quarterly digital filing.
