French digital accounting start-up Indy lands €40m Series C funding
The round was led by European private equity firm BlackFin Capital Partners.
The round was led by European private equity firm BlackFin Capital Partners.
The SME-focused challenger landed its UK banking licence with the FCA and PRA in March.
The deal will be completed through Advent’s new payments company, AI Circle Bidco.
Small businesses will now be able to submit loan applications through the KashNow app.
The National Bank of Kazakhstan intends to issue its own CBDC in late 2025.
Apple Pay’s UK customers can access their “most relevant” account information at the time of purchase.
Picus Capital, Coatue, Crane Venture Partners, Inkef, and a number of angel investors also participated in the round.
Harden has served as the bank’s SVP of product development since February 2022.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Williamson is expected to be paid in the company’s shares, and will meet its executive committee once a month.
Synch says “it was no longer feasible to launch its payment app Yippay into the Irish market”.
Engine enables clients to build their own banking propositions using the same core technology that Starling uses.
The launch follows a previous £140 million investment that Redpin received from Blackstone, Palamon and Corsair.
Mastercard first launched its Biometric Checkout Programme last year with NEC as an early partner.
The paytech was valued at $350 million only seven months ago.
Payments innovation and the regulation of AI were hot topics of discussion at this year’s Fintech Talents Festival.
The company has secured an additional $250 million in debt financing to support its lending operations.
Atomic’s Andrea Martone discusses how the firm is helping businesses align with the CFPB’s vision for open banking.
The round was led by Ribbit Capital with participation from existing investors Kleiner Perkins and Thrive Capital.
Hosted at The Brewery, London, the festival has this year attracted over 2,000 delegates and 400 speakers.
The three banks are Tajikistan-based Alif Bank and Bank Arvand and Montenegro’s Universal Capital Bank.
The bank claims the new services mark a “significant breakthrough in the realm of open banking within Iceland”.
The joint venture will initially receive a $100 million capitalisation from both companies.
Johnson joins MoneyGram from fintech firm Alloy where she worked for over six years.
The company says it is “working to resume onboarding businesses in Europe as a priority”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The rules state that instant transfers must not cost more than standard services.
The regulator recently reviewed how firms tackle fraud and handle complaints from customers.
Bloomberg reports that an official announcement regarding the potential acquisition could arrive within a week.
The proposals will target 17 companies who control 88% of the market share.
In an announcement on its website, Cardeo says it failed to secure funding “required to continue as a business”.
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
Travelex CCO Cameron Hume is also transitioning into the role of global wholesale director.
The start-up aims to bring SmartPOS, Tap-to-Phone and BNPL payment solutions to physical merchants.
Pismo is to support AtPay’s BNPL and card management programmes, ahead of its Q1 2024 launch.
With 20 years of experience in engineering and product management, Baghaei joins Jeeves from Early Warning.
We chat with Mastercard’s Tim Montgomery and Hania Faridi about the company’s approach to fintech partnerships.
Volt says Henderson joins at a “critical inflection point” for the company.
The funding brings the total external investment in the firm to $116 million to date.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.