Cardless secures $30m funding round led by Activant Capital
The fresh capital brings Cardless’ total equity funding to date to over $90 million since its inception in 2019.
Payments
News, intelligence and resources on the global fintech industry including topics such as payments.
November 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories from November.
Request Finance acquires Lithuanian VASP Pay.so
The deal will enable Request Finance to offer on/off ramps for fiat and crypto-based payments.
Anna Maj joins French fintech Bridge as president and CEO
Bridge has also promoted co-founder Alexis Roque to deputy CEO.
Garanti BBVA launches new e-commerce payments platform TAMi
TAMi currently offers a multi-bank POS system and prepaid cards as its two main products.
CellPoint Digital bags $30m to fuel development of new payment orchestration platform
CellPoint Digital says the funding will support the launch of its Offer Order Service Delivery platform.
Revolut unveils 2025 product vision, including mortgages, an AI assistant, and branded ATMs
Revolut Business will also introduce its first business credit product in Europe next year.
Spendesk partners Adyen to enhance spend management workflows for SMBs
The “long-term” partnership will support Spendesk in launching new products next year.
Santander’s Getnet names Juan Franco as new global CEO
Juan Franco takes over from Kush Saxena, who is stepping down for “personal reasons”.
Garanti BBVA International taps Worldline for instant payments solution
The cloud-based solution will ensure GBI’s compliance with the EU’s Instant Payments Regulation.
ICYMI fintech funding round-up: Kalder, Pemo, PostSig, StoreCash, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
CFPB finalises rule to supervise big tech firms offering digital payment apps
The development cements proposals first put forward by the regulator in November last year.
Finova launches Finova Broker for the UK intermediary sector
Finova Broker builds on the Mortgage Keeper CRM solution, provided by Finova’s business formerly known as eKeeper.
Thunes hires Peter Cohen to lead compliance
Cohen’s resume includes roles at Triodos Bank, European Merchant Services, and Xplor Technologies.
City Bank selects Compass Plus Technologies’ TranzAxis payment gateway for e-commerce acquiring
The Bangladeshi bank has migrated its e-commerce acquiring business to the SOA-based solution.
State of play: payment hubs
Payment hubs are increasingly seen as an attractive solution to manage the new world of payments.
Beacon unveils new digital wallet offering built for immigrants to Canada
Beacon’s new service will support bill payments, salary deposits, Interac e-Transfers, and more.
Mexican fintech Minu bags $30m Series B funding
Minu has now raised $47 million in total funding to date.
What the FinTech? | S.5 Episode 21 | Taking open banking payments mainstream
In this podcast episode, GoCardless’ Paul Foster discusses the growing adoption of open banking payments.
UK paytech Cardstream names Gurinder Sumra as new CFO
Sumra previously spent over six years as CFO of Elavon’s European payment-acquiring division.
Navro secures FMSB registration to provide money transfer services to businesses in Canada
Navro (formerly known as Paytrix) has also secured licences in the UK and Ireland (EU) this year.
Modulr buys AP automation platform Nook, plans to launch Modulr AP solution in early 2025
Modulr AP, powered by Nook, is described as an “end-to-end solution for invoice management and AP automation”.
Mexico’s Albo partners Paymentology to expand digital payment services
Albo plans to launch a new initiative with Mastercard to boost digital payments in Mexico.
Revolut granted UK trading licence from FCA
Revolut now plans to launch new trading products covering UK and EU stocks and ETFs.
TrueLayer reportedly reduces headcount by around 25% to cut costs in push for profitability
City AM reports that TrueLayer cut 71 jobs in September, citing sources familiar with the matter.
PayTech Awards 2025 now open for entries
Nominations for the PayTech Awards 2025 are now open, with the deadline for entries set for 14 March.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
Network International inks referral agreement with NBF for corporate omnichannel payment solutions
The deal will enable National Bank of Fujairah to offer Network’s digital payment solutions to its corporate clients.
Trust Payments appoints Laurence Booth as new CEO
Booth has been interim CEO at Trust Payments since September 2024 and first joined the company in 2021.
Morgan Stanley makes $20m investment in NovoPayment to fuel product and commercial growth
The funding follows NovoPayment’s $19 million Series A round in 2022.
Myanmar’s Wave Money taps Amdocs for Digital Financial Services platform
Wave Money’s WavePay digital wallet currently has over 11.5 million users.
FinTech Futures: Top five news stories of the week – 15 November 2024
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
Mesa debuts homeowners credit card, offering rewards on mortgage and home expenses
The card allows customers to earn ‘Mesa Points’ on mortgage repayments and home-related purchases.
Guide: Charting the course – understanding payment trends in the financial sector in 2024
Insights from extensive research on how UK consumers prefer to pay and the payment options currently offered by 200 financial services providers.
Jeremy Nicholds steps down as CEO of UK paytech Judopay
Judopay was acquired by Italian banking group Banca Sella’s open finance subsidiary, Fabrick, last year.
Visa rolls out flexible payment solution in US and UAE with Affirm and Liv
The offering has been available in Asia for over a year with the launch of Olive Card in Japan.
Polish fintech Conotoxia eyes EU banking licence, plans to transform into joint-stock company
Conotoxia says it will aim to complete the transformation “as soon as possible”.
Japan’s SmartBank secures $27m in mix of equity funding and debt financing
SmartBank says it is “actively recruiting” for roles in marketing, compliance, data analysis, and engineering.
Ecobank teams up with Nium to enable cross-border payments across 35 African markets
The partnership will embed Nium’s real-time payments infrastructure into Ecobank’s banking operations.
Italian payments app Satispay raises €60m, plots 2025 launch of investment services
The paytech unicorn has now raised over €500 million in total funding to date.
