UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
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Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
New digital bank D360 gets regulatory approval in Saudi Arabia
D360 becomes the third digital bank in Saudi Arabia to be licensed.
SAIB rolls out Moneythor’s PFM solution
The Saudi Investment Bank has implemented Moneythor’s personal financial management tools.
Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
Neobanks: are they up to the fight?
Collectively, challenger banks are chipping away at the most profitable parts of the incumbents’ business.
Banking tech vendor Thought Machine receives £40m investment from Intesa Sanpaolo
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
UK challenger Revolut secures Aussie credit licence
Revolut Australia CEO says the firm is creating the “world’s first truly global financial platform”.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Paysera appoints new CEO, awaits banking licence
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
Digital bank Tonik raises $131m, eyes international expansion
Tonik’s Series B equity funding round was led by Japanese banking heavyweight Mizuho Bank.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Mos secures $40m Series B funding to drive product expansion
The cash will go towards hiring new staff as Mos looks to maintain its recent growth spurt.
Germany’s Vivid Money raises €100m Series C to turbocharge super-app plans
Vivid Money doubles its valuation in less than a year to €775m.
New sustainable investing app Etcho set to launch in UK
Etcho wants to “empower everyone and anyone” to be able to invest their money sustainably.
New neobank Coupl set to launch in India
Start-up allows couples to set up joint accounts and manage their money together.
Colombian paytech Bold secures $55m Series B to boost financial inclusion
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
UK challenger Monzo opens its doors to US customers
The launch comes four months after Monzo abandoned its attempts to gain a US banking licence.
Crypto wallet Phantom launches app following $109m Series B raise
Phantom claims to be “the fastest growing crypto wallet”.
Banking Tech Awards 2021 Highly Commended: au Jibun Bank – Best UX/CX in Finance Initiative
The importance of supporting investors along their journey and how au Jibun Bank does that.
Garden of Eden: how Africa’s digital transformation promises to boost the continent
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
Fintech start-ups Altpay and Finz Money launch in UK
Both companies are now open for new customers to register.
ICYMI funding round-up: ApexEdge, DirectID, Everything, NALA, Tuum, & OZÉ
Our weekly round-up for you to get the latest fintech funding news.
Walmart-backed Hazel snaps up fintech platforms Even and One in super app push
Walmart CEO says the app will allow users to “manage their money in one place”.
UBS agrees $1.4bn deal to acquire wealth management platform Wealthfront
Millennial and Gen Z-focused Wealthfront caters to “the next generation of investors”.
UK credit card Keebo launches for “credit invisibles” in “passion economy”
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Banking Tech Awards 2021 Winner: Snoop – Best Open Banking Solution
What’s next for the award-winning app that helps people “live smarter”.
New financial services app Zindigi launches in Pakistan
Zindigi says the country has many banks, “but not many banking experiences”.
ICYMI funding round-up: BillEase, Cake, Gr4vy, Finmap, Shield, & Skilling
Don’t let funding announcements slip you by in this fast-paced industry!
Socially responsible savings app Cushon raises £35m, makes third acquisition
Cushon becomes the fifth largest master trust pension provider in the UK.
E-commerce one-click checkout fintech Bolt raises $355m in Series E
Bolt says it has doubled its valuation in three months.
Indian fintech FPL Technologies raises $75m in Series C round
Pune-based FPL’s products are designed to create a credit-savvy population.
Indonesian fintech start-up Pluang raises $55m in Series B follow-up round
The company has now raised $110 million in total Series B funding.
Fintech start-up Twig raises $35m to support Web 3.0 plans
The London-based fintech intends to expand into the EU and US in 2022.
The impact of the contactless limit increase on financial inclusion
What does the contactless limit increase mean for the future of the payments industry and financial services?
Core banking solution provider Topaz acquires majority stake in Cobiscorp
The acquisition is set to expand the firm’s footprint across the Americas.
Colombian BNPL firm Addi raises $200m to support LatAm expansion
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
Paytech Rêv launches X World Wallet “super-app” in US
The X World Wallet is Apple Pay, Google Pay, and Samsung Pay compatible.
