How fintech is driving the new age of retail agility
With digital transformation driving change in the retail industry, here are some important trends to bear in mind.
Software-as-a-Service/SaaS
Mambu valued at €4.9bn after bumper €235m Series E round
The round is the largest private fundraise for a banking software platform to date.
Brewin Dolphin goes live with Avaloq’s core banking system
One of the UK’s largest wealth managers has gone live with new SaaS-based core.
$140m Series E funding takes Expel valuation to over $1bn
The US-based detection and response (MDR) provider has secured $258 million in financing to date.
FinTech Futures Jobs: Three exciting open roles at OakNorth to apply for
Exciting open vacancies at OakNorth. Apply today!
Drata achieves unicorn status following $100m Series B
Drata intends to triple its workforce within the next year.
Wealth infrastructure API platform Atomic raises $25m Series A funding
The San Francisco-based company will add scale and headcount with funding round.
Standard Chartered taps SAP for SaaS banking connectivity solution
SAP Multi-Bank Connectivity will enhance the transactional banking experience for corporates, the bank says.
Data governance platform Collibra valued at $5.25bn following $250m Series G
New York-based firm plans to use the cash for product development and global expansion.
UK neobank Monument given green light to launch by FCA and PRA
The neobank landed an authorisation with restriction (AWR) banking licence in October 2020.
Climate tech SaaS start-up Persefoni raises $101m in Series B round
Carbon footprint calculator Persefoni wants to be the first “ERP for carbon data”.
What the FinTech? | S.2 Episode 22 | Let’s talk about SaaS
Michel Breeuwer, general manager for the Benelux and Baltics at Mambu, joins us on this week’s episode of the What the FinTech? podcast.
FinTech Futures Jobs: Three really great jobs to apply for this week
Exciting vacancies at OakNorth, Deloitte and Oracle. Apply today!
ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
Indian tax fintech Clear secures $75m to capitalise on country’s digitisation
The e-filing company will also broaden its offering to people and businesses.
Indonesia’s Bank INA taps Mambu for cloud banking services
The bank says its pivot to digital will allow it to cater to the underserved and unbanked.
Sibos 2021: Major appliance manufacturer picks SmartStream for data reconciliation
Fisher & Paykel selects SmartStream Air to automate its currently manual reconciliation processes.
VoxSmart acquires speech recognition platform GreenKey
Firm aims to bolster its communications surveillance offering for financial institutions.
OracleFS exec questions staying power of new cloud-focused competition
Conor Colleary says banks must ask if their partner can embrace new changes.
Bahrain’s Bank ABC taps Fenergo for client management solution
Bank ABC operates across the Middle East, North Africa, Europe, the Americas and Asia.
Fintech Spenmo raises $34m in Series A round
The round was oversubscribed by a multiple of five, making it Singapore’s largest Series A round to date.
Deutsche Bank boosts online payments with Better Payment acquisition
Deutsche Bank’s acquisition will expand its product range and market share in online payments in Germany.
Regtech start-up PassFort lands $16.2m Series A funding round
PassFort intends to use the money to expand internationally.
FortisPay boosts commerce offering with OmniFund acquisition
The acquisition follows deals for EpicPay and Change Merchant Systems in June.
DevOps platform Copado lands $140m funding
The firm plans to use the cash raised to expand its testing software.
Irwin secures $20m in Series A funding round led by K1
The investment will help further the fintech’s mission to upgrade the capital markets software offering.
Global Payments to acquire MineralTree in $500m deal
The acquisition will expand Global Payments’ B2B offering.
China Bohai Bank taps Bairong for AI-powered digital upgrade
China Bohai Bank will utilise Bairong’s fraud and loan monitoring systems.
AI accounting platform Vic.ai lands $50m in Series B funding round
The funding round, led by ICONIQ Growth, brings the fintech’s total capital raised to $63m.
Spend management platform PayEm lands $27m in funding
The Israeli fintech says it meets the accounting needs of decentralised and fragmented global enterprise.
German fintech elopage nets $38m in Series A round to expand SaaS platform
The round marks the bootstrapped company’s first venture capital raise.
M-DAQ lands $145m Series D funding from Affinity
The investment sees Affinity take a joint controlling stake in the company.
Identity verification firm SentiLink lands $70m Series B funding
San Francisco-based firm plans to build out its product suite and expand its team.
Teachers Building Society selects Finastra’s Fusion Essence Cloud
UK building society becomes first mutual to pick Finastra system.
Australian challenger Alex goes live on Temenos
The digital bank was granted a banking licence by APRA last month.
Core banking firm SaaScada hires Paul Payne as new CTO
New core provider on the block builds out executive team.
Spendesk lands €100m Series C funding round
The Paris-based firm plans to use the funds to double its staff and accelerate product development.
Payments platform Dwolla secures $21m investment
Dwolla’s last venture funding round resulted in a $12 million raise in 2018.
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?
Duco secures Nordic Capital investment to fuel expansion plans
The private equity firm will acquire a majority shareholding in the company.
