Nigeria’s Xend Finance increases size of funding round to $2m
It initially launched its platform publicly late last year after raising $1.5 million in funding.
Partnerships
Equifax acquires AccountScore to boost open banking capabilities
Equifax wants higher rates of automation and verification.
TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
Nordic API Gateway lands nine new bank partners in Bankdata deal
The deal prequels Nordic API Gateway’s European expansion plans for 2021.
Findr launches first crowdfunding campaign
Findr was launched at the end of October 2020 by resident FinTech Futures expert, Greg Watts.
United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
Tech CU picks Backbase to revamp digital processes
Silicon Valley-based institution looks to the future with digital vendor.
Philippines neobank Tonik signs credit assessment deal with FinScore
The challenger wants to extend loan applications to more underbanked Filipinos.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
Sync. signs deal with Railsbank to power premium accounts
The smart banking app is looking to expand following a 2020 launch.
Mastercard nabs UK market share with NatWest debit deal
Card issuer will now account for one in three debit cards in the UK.
Revolut sets sights on India with remittance service
The firm is in talks with the Reserve Bank of India, local banks and fintech start-ups.
Supply chain financing start-up CapBay raises $20m in Series A
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
Dozens signs banking deal with ClearBank
ClearBank to provide account numbers, sort codes, and Faster Payments access.
Why Google Pay’s reboot signals a major land grab on financial services
Five reasons why the banking world, including fintech challengers, needs to sit up and take notice.
Spectrum Equity invests $51m in OTC firm Quantile Technologies
Spectrum’s MD joins the Quantile board of directors.
A thing apart
Teamwork, trust, and support come from a place of pure emotion.
What the Fintech? | S.2 Episode 1 | Innovation in commercial lending
Innovation in commercial lending with special guest, Dean Snyder, EVP at AFS.
SME credit fintech Dinie lands dLocal deal one year into Brazil play
Dinie was founded in the UK, made in Germany, and designed for Brazil.
Aion Bank signs payments processing deal with Form3
Form3 to provide real-time payment processing, clearing and settlement.
SWBC picks Finicity Pay to meet new ACH requirements
Account verification needs a boost under new Nacha rules.
Pakistan launches new instant payment system Raast
Government hopes Raast can host a collection of payment types.
Walmart prepares launch of its own fintech start-up
Retailer says customers want more of its financial products.
Temenos wins Transact deal with Czechzia’s Komerční banka
The bank is aiming to launch products to the market faster.
Video: Top fintech stories this week – 08 January 2021
FinTech Futures’ weekly news round-up.
Nets acquires Checkout Finland through Paytrail subsidiary
Nets happy to continue a wave of consolidation across European payments.
AvidXchange acquires TimberScan provider Core Associates
Firm now claims to be largest account payable firm in the construction sector.
Arab Investment Bank picks fresh batch of Temenos solutions
Egypt-based bank adds to existing portfolio of Temenos products.
UK challenger B-North raises £250,000 and signs deal with Channel 4
Channel 4 signed an advertising-for-equity deal.
Independent broker-dealers: keep reps and build on fund-family partnerships
Let’s get the lay of the land with a quick industry-evolution review and where it’s left IBDs.
Mastercard makes undisclosed investment in Form3
The additional undisclosed funding follows its $33 million raised in August this year.
Fintech projections for 2021
Top five fintech trends to watch in 2021.
Swift calls for collaboration to help build the future of global transactions
Swift’s ambitious new strategy to reinvent global financial transactions.
MFS Africa opens up continent to PayPal’s remittance service Xoom
Present in a whopping 160 markets already, Xoom still wants more of the pie.
The music of embedded finance
Embedded finance is all about making the admin of life seamless, low-friction and invisible.
Vacuumlabs partners with GPS, the award-winning paytech behind Revolut and Starling
Delivering new products and features that enable businesses large and small to realise breakthrough innovations.
Ask the expert: what’s the “partnership problem” – and how do I solve it?
Alongside raising investment, securing the right partnerships is critical for business survival.
Bancolombia turns to SunTec for enterprise pricing solution
SunTec says it has partnered with TCS “for a first-of-its-kind deployment in Latam”.
