FCA investigating Monzo as challenger reports £115m yearly loss
The FCA is investigating Monzo over potential breaches of money laundering laws.
Mobile
Robinhood falls short of $35bn valuation target in subdued IPO debut
Shares fell in value by as much as 12% before recovering last week.
The future of paytech in APAC
Some of the emerging paytech trends that have gained momentum in APAC.
Report: Self-service banking – the key to customer acquisition and retention
Fintech Futures investigates how self service banking has changed and what firms can do to keep up.
Klarna builds out retailer support with APPRL acquisition
The deal adds a platform for linking creators and retailers to Klarna’s retail ecosystem.
ICYMI funding round-up: Cobee, Sila, Vincent, WhenThen, Clara & more
Another batch of funding rounds that might have flown under your radar.
Digital wallet start-up Eco lands $60m investment
Eco launched its app in March and has now raised around $94.5 million in funding.
Mobile first, second and third!
Most companies talk about the importance of mobile technology, but I’m not convinced there is a proper understanding.
White paper: How top companies are better mitigating fraud & enhancing CX with Phone-Centric Identity
Nine of the top ten banks use Phone-Centric Identity to mitigate fraud. Do you?
BNPL firm Zilch raises additional $110m in Series B extension
The funding has been led by Goldman Sachs Asset Management and DMG Ventures.
Fintechs will be at the heart of the next wave of security wars
Hackers are rapidly adapting their tactics to target features of modern fintechs.
ICYMI funding round-up: Credit Fair, Plooto, Xclaim, Weavr & more
Another batch of funding rounds that might have flown under your radar.
Dear Luc: What’s the deal with embedded finance?
This week someone writes in to ask: how can I get on the embedded finance bandwagon?
Afterpay to launch lifestyle app Money on Westpac tech
BNPL firm aims to make Money a primary account for users.
Cambridge Savings Bank launches new digital banking solution
Ivy Bank will act as a digital-only division of CSB.
Australian fintech Alex secures banking licence from APRA
It’s the first licence to be handed out by APRA in 18 months.
Former EU commissioner joins fintech start-up W1tty ahead of planned launch
W1tty’s finance app is set to launch in Poland and Lithuania this autumn.
Indian payments firm Paytm files for IPO with $2.2bn target
The firm plans to use the funds to strengthen its payment network and explore new acquisitions.
How COVID-19 has accelerated the use of digital banking solutions in Africa
The past year has seen a clear trend towards the adoption and acceleration of digital banking products.
Verizon and Mastercard forge partnership to bring 5G capabilities to payments
Internet of Things (IoT) sensor connectivity will be combined with near real-time edge computing.
M1 Finance secures $150m in SoftBank-led funding round
The firm claims the investment now takes its total valuation to $1.45 billion.
Digital wealth manager Syfe lands $30m Series B funding
The financing comes nine months after its $18.6 million Series A round.
Lune launches UAE’s first personal finance management app
The company is aiming to improve financial literacy in the region.
Apple reportedly in talks with Goldman Sachs to launch BNPL service
Goldman Sachs has been Apple’s partner for the Apple Card credit card since 2019.
State of play: digital banking platforms
Selecting the right digital banking platform is a lengthy process that requires careful consideration.
RVU snaps up online mortgage broker Mojo
RVU also owns Uswitch, Confused.com and Money.co.uk.
Indian payments start-up MobiKwik targets $255 million raise with IPO
The IPO forms part of the company’s “IPO 2022 campaign”.
Danish digital bank Lunar secures €210m Series D funding
The challenger says the funds will be used to continue its growth and launch new products.
ICYMI funding round-up: Toqio, Coincover, AREX Markets, Lidya & more
Another batch of funding rounds that might have flown under your radar.
Dutch challenger bank Bunq secures $228m Series A investment
The funding round was led by UK private equity firm Pollen Street Capital.
Winners announced for the 2021 PayTech Awards
24 winners and 31 highly commended for projects, companies, products, individuals and teams!
Swedish fintech start-up Juni lands $21.5m Series A round
The company plans to use the funds for product development and recruiting.
Willa raises $18m in Series A funding to help freelancers get paid
The fintech claims to have 150,000 people on its waitlist.
VyStar Credit Union picks Nymbus to outfit online and mobile banking
The Floridian credit union has also invested in Nymbus’ CUSO project.
Indian fintech Pine Labs secures $600m investment
The firm landed an additional $315 million on top of the $285 million raised in May.
Dear Luc: Should I prepare for a wearable payments comeback post-COVID?
This week our writer asks: are wearables set for a comeback as social distancing eases?
Aussie mortgage firm Bluestone goes live with Mambu
Non-bank lender handles AUD 10 billion in home loans across Australia and New Zealand.
ChangeFi CEO: “We have to be on the ground with our communities”
ChangeFi is looking to give “equal access to the American dream”.
Video: fintech news pick of the week – Danske Bank, Rapyd and Deutsche Börse
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Nigerian fintech FairMoney lands $42m Series B round
The start-up plans to “double down on growth in Nigeria and India”.
