Nubank rakes in $400m to fuel expansion in Colombia and Mexico
Brazilian challenger reaches $1.8 billion in total funding raised.
Mobile
2021 fintech predictions
Staring into the crystal ball for signs of what we could see over the course of the year from the industry.
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
Wealthpilot raises €8m to fuel data aggregation push
German wealthtech has raised €14.9 million since 2017.
Saudi start-up Hakbah raises $1.2m in seed funding
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Minna Technologies raises €15.5m in Series B funding round
Minna says the investment will be used for global expansion, “with requests from all continents”.
FinTech Futures Jobs: new year, new job – five tech companies that are hiring now
Featuring CGI, Cleo AI, Freetrade, Market Finance, and Monzo.
TikTok’s Chinese version Douyin adds payments app
Douyin Pay (Douyin Zhifu) has been added to the app’s options.
Goldman picks Marqeta to power Marcus current account rollout
Marcus plans to launch its new accounts later this year.
ADQ’s unnamed neobank nabs new CEO from Emirates NBD
Patel joins the upcoming challenger after leading Emirates NBD’s challenger Liv.
US banks must lose “legacy anchor” to meet customer needs in 2021
The banking landscape in North America is undergoing a fundamental shift.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
Philippines’ mobile wallet GCash closes on $1bn valuation with new funding
Mynt-operated firm raises $175m from US investor.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
2021 predictions: don’t overlook the phone call
Due to the explosion in illegal robocalls, many consumers have simply stopped answering the phone.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
Tackling mobile fraud in 2021
Mobile numbers and associated SIM information have become even higher prized targets for fraudsters.
Fintech funding deals globally 4-10 January 2021
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
San Francisco challenger Oxygen raises $17m in Series A
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Fintech funding deals globally 28 Dec 2020-3 Jan 2021
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
Tamam to launch Saudi Arabia’s first digital microfinance service
Tanam give green light after 18 months of sandbox testing.
What the Fintech? Season one | Fintech Jail
Here’s a list of all the buzzwords in our What the Fintech podcast game, “Fintech Jail”.
QR Codes: will COVID-19 be the great global equaliser?
Across China QR codes are already ubiquitous, and the pandemic only accelerated user adoption.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
Video: Top fintech stories this week – 11 December 2020
FinTech Futures’ weekly news round-up.
GoHenry latest in kid’s banking sector to land funding of $40m
Over 2019, parents on its app paid £98m in pocket money to their children.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
West Bromwich Building Society launches mobile app with Unisys
West Brom to deploy Elevate system underpinning new customer services.
Banking Tech Awards 2020 hosted online by Tom Ward
Join comedian Tom Ward for the 2020 Banking Tech Awards. Broadcast online on 10 Dec, 3:30pm GMT and is free to attend.
Danish digital bank Lunar picks FIS for treasury and risk
Lunar to deploy a cloud-based version of Ambut Quantum.
Advanzia Bank signs Backbase to power three new mobile apps
The new applications have gone live across France, Austria, and Spain.
Investing as magic discovered
A new investment app that aims to truly change the way you are used to thinking of things.
New challenger Klear emerges in India
Klear promises an “approachable and easy” way to understand financial health.
Be Money rebrands as Daylight in preparation for US launch
Daylight promises a range of LGBTQ+ services to support its customers.
Starling Bank claims to be UK’s first profitable challenger bank
CEO Anne Boden announced £800,000 profit in a company update.
Former UniCredit execs launch Aidexa to service Italian SMEs
The bank aims to win over some of the seven million small businesses in Italy.
Neobank Mercury aims to serve US start-up scene
Founded in 2017, the bank has raised $26m so far.
