PayZen lands $32m equity investment and $200m credit warehouse in Series B round
PayZen offers an affordability financing platform to help healthcare patients in the US manage medical bills.
Payments
Ireland’s PTSB extends partnership with Worldpay to expand merchant services offering
PTSB will now make use of Worldpay’s DCC, ePOS and e-commerce solutions.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
US fintech Tally to shut down after failing to secure “necessary funding” to continue operations
The fintech had previously secured $80 million in Series D funding in 2022.
Nium looks to expand presence in LatAm with new licence applications
Nium has applied for a Payment Institution licence in Brazil.
Coop set to discontinue Finance+ project, says “demand did not meet expectations”
Coop cites increased competition in the financial sector as one of the reasons behind the decision.
French paytech Lemonway has “certain limitations” placed on its operations in Italy by Banca d’Italia
Lemonway says the Italian central bank has told it to “not engage new Italian partners”.
AccessPay gains two new senior directors with product and partnership focus
Graham Morgan transitions to product director, while Jim Conning becomes director of banking and alliances.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
CloudPay secures $120m funding round led by Blue Owl Capital
The paytech’s latest funding round adds to the $50 million it raised in 2022.
Estonia’s Montonio triggers leadership change with Johan Nord rising to CEO
Nord takes the reins from Markus Lember, who will now become chief strategy officer.
Global Payments names Robert Cortopassi as new president and chief operating officer
Cortopassi previously served as Global Payments’ senior EVP and president of international and vertical markets.
Flywire acquires Invoiced to enhance B2B payments and software capabilities
Invoiced’s SaaS platform enables B2B finance teams to automate AR processes.
Payoneer acquires payroll start-up Skuad in Singapore for $61m
Payoneer CEO John Caplan says the deal will “accelerate our evolution and B2B momentum”.
Mondu lands new EMI licence to fuel European expansion
Mondu’s co-CEO says it is the first B2B BNPL firm in Europe to be granted its own EMI licence.
Sendsprint acquires Nobel Financial to expand remittance services in the US
Scott McClain, Nobel Financial’s chief compliance officer, will also join Sendsprint in the same role.
JP Morgan Payments expands in-store biometric payments throughout US with PopID
The solution first made its market debut last year.
NCR Voyix agrees to sell digital banking unit to Veritas Capital for $2.45bn
NCR Voyix says its digital banking business currently supports “1,300 top-tier financial institutions”.
Nuvei set to obtain licence in Brazil with proposed acquisition of Pay2All
The proposed acquisition will enable Nuvei to operate in Brazil as an electronic currency issuer.
SME-focused neobank Ampere launches card-to-card payments in partnership with Mastercard
The offering facilitates conversions in over 60 different currencies.
EPI’s roll-out begins but scheme compliance and dispute resolution questions remain
As the project expands across Europe, the EPI’s new payments solution has a number of areas to consider.
FinTech Futures: Top five news stories of the week – 2 August 2024
Our pick of the top fintech news stories this week includes Renasant Corporation, Stripe, ING and more.
Demystify Podcast: Demystifying Careem’s everything app with Abhishek Tripathi of Careem Pay
In this podcast episode, Dave and Dharm chat with Abhishek Tripathi, Head of Product at Careem Pay.
Ebury reportedly appoints Goldman Sachs as it gears up for potential 2025 LSE debut
The Santander-owned fintech could list on the LSE as early as Q1 2025, according to reports.
Bank of England launches discussion paper on “ambitious agenda” for UK’s payments landscape
The public have until 31 October 2024 to submit feedback on the paper.
Octo3 merges with fintech solutions provider Evantagesoft to launch new FTS.Money brand in Asia
The new brand is preparing to launch IBAN accounts and remittance services later this year.
Ireland’s An Post joins forces with Safecypher to combat CNP payment fraud
Safecypher’s tech tackles CNP fraud by enhancing CVV protection for card payments.
July 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in July.
Ireland’s Payac taps Nexi for SEPA instant payments solution
Through the partnership, 1.8 million Irish credit union members will gain access to SEPA instant payments.
July 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in July.
July 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in July.
Bank of Lithuania appoints “temporary representative” to oversee activities of payments fintech Kevin
The central bank alleges that the fintech is “almost four months late” in submitting its audited annual accounts.
July 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in July.
Stripe buys US paytech start-up Lemon Squeezy
Lemon Squeezy has been processing payments on Stripe since its launch in 2021.
Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
Building on solid foundations: Writing the next chapter of the UK’s open banking story
The potential for all parties to benefit from open banking is clear, and it’s immense.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
July 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
FinTech Futures: Top five news stories of the week – 26 July 2024
Our pick of the top fintech news stories this week includes Revolut, UniCredit, Modulr and more.
