US investor Stash lands $125m Series G ten months after last round
Stash’s last valuation sits at around $812 million.
Financial Services/Finserv
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
How to optimise your digital account opening process
If banks want to start 2021 on the right foot, they can start with these five steps.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
Cashplus lands full banking licence after 15 years as an EMI
The ability to lend on its deposits pits Cashplus directly against Starling.
SumUp acquires Lithuanian core banking firm Paysolut
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
Sync. signs deal with Railsbank to power premium accounts
The smart banking app is looking to expand following a 2020 launch.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
PayKey integrates investment and loan services on mobile keyboards
Clients include Standard Chartered, UniCredit, HSBC and ING.
A look inside MENA investor Global Ventures’ fintech portfolio
Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.
Form3 appoints ACI Worldwide’s Jessica Letterman as new customer chief
Letterman joins after 13 years at her previous employer.
First Horizon Bank picks Finxact’s cloud-based core
First Horizon to deploy Finxact in its subsidiary brand VirtualBank
HMRC awards Ecospend “largest” open banking contract valued at £3m
“Today marks a big step forward for adoption,” says OBIE.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Société Générale revamps private banking in Europe with Azqore
SocGen’s Luxembourg, Monaco, and Swiss locations switching up their tech.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
Video: Remote onboarding – how banks are evolving and changing the game
Featuring Jumio’s Dean Nicolls, Fintrail’s Robert Evans, and banking consultant Neil O’Brien.
FCA and UK Treasury “acting swiftly” to regulate fast-growing BNPL firms
The FCA is anxious about the number of citizens who will find themselves in debt.
Robinhood raises $3.4bn, co-CEO set to face US politicians this month
Allegations allege Robinhood succumbed to pressure from big-paying hedge fund clients.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
Ripple faces a new class-action lawsuit in Florida over unregistered XRP sales
Ripple has maintained that XRP is not a security and has vowed to fight the SEC charges.
Revolut sets sights on India with remittance service
The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.
Barclays reveals fintech start-ups in its 2021 New York Techstars accelerator
Barclays’ 2021 cohort includes four data-focused fintechs.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Supply chain financing start-up CapBay raises $20m in Series A
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
ING rolls out integrated retail cashback service DealWise in Germany
The bank originally planned to launch the integration last year.
Oxbury Bank goes live on Naqoda core banking system
The two have worked together since Oxbury’s inception
Starling hires BoE policy head Cordelia Kafetz to lead risk ops
Kafetz wants to “drive innovation in a more tangible way”.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Starling set to raise £200m led by US investor Fidelity at $1.5bn valuation
The challenger’s eventual aim is to go public in the coming years.
US fintechs Albert and Crux Informatics in funding rounds
Featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36 million convertible note.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
The one big thing missing from modern digital banking
Rethinking the data layer is a key to genuine personalisation in fintech.
New funding for European fintechs Compeon and SESAMm
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
