Egypt Post meets SME financing capabilities with Qardy partnership
Qardy will provide its financing services to Egypt’s SME community through Egypt Post’s numerous post offices.
Lending
Apple eyes credit card launch in India as partnership with Goldman may be nearing its end
Apple is reportedly exploring a partnership with HDFC Bank in India to roll out a credit card offering.
US fintech Clair lands $25m equity funding to power on-demand pay
The start-up has also secured a $150 million consumer lending program with banking partner Pathward.
ICYMI fintech funding round-up: Numarics, Zuvy, Shinkansen and Chari
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Jirnexu co-founders step down from leadership positions at the company
The company’s co-founder Hann Liew confirmed his and Lucas Ooi’s decision this week.
Silvr secures up to €200m credit facility to close European SME funding gap
The new transaction is backed by Citi and Channel Capital, and the initial facility will be for €67 million.
UK challenger Tandem Bank secures £20m in funding
Tandem’s CEO says the capital “will put extra momentum behind our green lending proposition”.
Melton Building Society taps Finastra for digital transformation
This is the third building society client deploying Finastra’s Essence solution.
LendInvest secures £500m funding partnership with Chetwood Financial
LendInvest says the funding will fuel its buy-to-let and residential mortgage products.
US real estate investing platform PeerStreet files for Chapter 11 bankruptcy protection
The petition was filed on 26 June and the final hearing on the case is expected on 28 July.
FinTech Futures Jobs: Is your office culture blameless, or blame-filled?
Explore thousands of open roles on the FinTech Futures Job Board today.
Goldman Sachs reportedly set to lay off 125 managing directors worldwide
Sources tell Bloomberg that the layoffs are currently ongoing as the bank looks to cut costs.
PE firm Flexpoint Ford acquires loan origination fintech Baker Hill
The transaction is expected to close soon following customary regulatory approvals.
FinTech Futures: Top five stories of the week – 23 June 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
PayPal to sell up to €40bn of European BNPL loans to KKR
The transaction, subject to certain conditions, is expected to close in the second half of 2023.
Mediobanca’s Compass acquires HeidiPay Switzerland
The acquisition will enable Compass to become a consumer credit operator in the Swiss market.
ICYMI fintech funding round-up: Kanastra, Majority & Cloudbankin
Our weekly fintech round-up for you to get the latest funding news from around the world.
Singapore’s Pepper Group eyes India launch with $150m investment
Pepper Money India will offer personal finance products to consumers and aims to launch second half of 2023.
Video: ICBA at FinovateSpring 2023 – How community banks can compete in a digital world
FinTech Futures speaks with Charles Potts, EVP and CIO at Independent Community Bankers of America (ICBA).
Indian lendtech firm Lentra secures $27m in Series B extension
Lentra plans to use the new funds to fuel its international expansion and product development.
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
Business BNPL start-up Vartana raises $20m Series B
The funding will support the expansion of Vartana’s team and enhance its product offerings.
Mexican fintech Stori secures $50m debt capital from CIM
For Stori, it is the second debt facility from CIM, following a $75m debt facility in November 2021.
Swiss fintech Teylor lands €275m debt funding
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
Cambodia’s Sathapana Bank taps Finbots.ai for enhanced credit risk management
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
FinTech Futures: Top five stories of the week – 26 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Ballerine, Trébol & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LatAm fintech start-up Kiwi secures $80m in funding
With the funding, Kiwi plans to introduce new products and reach more customers across US and Latin America.
Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
New CEO of Pipe builds “fintech dream team”
Pipe makes new hires across technology, innovation, product, risk, and operations.
Ex-NatWest exec Julie Ashmore joins lendtech Muse Finance as COO
Julie Ashmore moves to Muse Finance from NatWest Rapid Cash where she was CEO.
Australian government set to regulate BNPL industry
Australia aims to introduce the final BNPL bill in the parliament by the end of 2023.
US proptech Setpoint acquires Resolute to “revolutionise fintech lending”
Resolute is a due diligence provider focused on single family rental (SFR) and residential transition loans (RTL).
FinTech Futures: Top five stories of the week – 19 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Financial health app VeraScore names Scott Waldron as new president
In his new role, Waldron will lead VeraScore’s business development and customer acquisition strategies.
ZestMoney founders step down following failed acquisition by PhonePe
Lizzie Chapman, Ashish Anantharaman, and Priya Sharma are all set to leave the company.
Redwood Bank appoints Ashraf Piranie as chief financial officer
Piranie brings more than 25 years of financial services experience to his new role.
Barbados challenger Sagicor Bank launches on Mbanq’s BaaS platform
Through Mbanq, Sagicor Bank aims to offer customers “branchless” digital financial services.
African fintech M-Kopa secures $200m debt financing and $55m equity funding
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
Dopamine, BNPL and subprime lending
How can BNPL be structured to serve consumers better and help them be more responsible?
