Chile’s Tanner Servicios Financieros lands $40m IFC investment
Tanner Servicios Financieros is establishing “a fully licensed and regulated commercial bank subsidiary”.
SME
News, intelligence and resources on the global fintech industry including topics such as SME.
Celero Commerce snaps up Precision Payments for undisclosed sum
Celero expects its North American card processing volume to exceed $28 billion following the acquisition.
Former Solaris execs to launch fintech start-up Zazu for African SMEs
Zazu will provide business banking services and financial management tools to African SMEs.
Agicap lands €45m Series C led by AXA Venture Partners
The new funding builds upon Agicap’s $100 million Series B, led by GreenOaks Capital in 2021.
Modifi raises $15m, inks MoU with Japan’s SMBC to support SMEs with cross-border financing solutions
Modifi and SMBC will seek to assist Asia’s SME exporters in expanding international trade operations.
UK SME lender Iwoca bags £200m debt funding package from Citi and Waterfall Asset Management
Iwoca plans to double its Flexi-Loan limit to £1 million for medium-sized businesses.
FinTech Futures: Top five news stories of the week – 8 November 2024
Our pick of the top fintech news stories this week includes Bank of New Zealand, Airwallex, Griffin and more.
ICYMI fintech funding round-up: Groov, Fundcraft, VibePay, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Visa backs four new African fintech start-ups as part of $1bn continental commitment
OkHi, Workpay, Oze and Orda.Africa have all received investment from Visa.
B2B payments platform Melio secures $150m Series E funding round
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
UK’s Recognise Bank lands £25m investment amid leadership transition
CEO Jean Murphy will step down after two years, succeeded by Nomo Fintech’s Simon Bateman.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Africa’s “fastest-growing fintech” Moniepoint secures $110m Series C funding
The round was led by Development Partners International with participation from Google’s Africa Investment Fund.
Santander launches e-commerce payments solution Getnet SEP for LatAm merchants
The solution is first being made available to merchants in Argentina, Brazil, Chile and Mexico.
Tide acquires SME payroll fintech Onfolk
Onfolk will be integrated into the Tide app as ‘Tide Payroll’.
Sibos 2024: Real-time payments in focus with ACI Worldwide – video interview
Dive deep into the latest developments in real-time payments from across the globe with ACI Worldwide.
Nigeria’s OmniRetail acquires SME payments platform Traction Apps
OmniRetail is a start-up aiming to digitise traditional e-commerce through its suite of software products.
Procurement fintech Zip raises $190m Series D at $2.2bn valuation
Zip’s company value has increased 47% since its $100 million Series C last year.
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Dutch fintech start-up Tebi bags €20m Series A funding
Tebi offers a financial platform tailored for independent hospitality and retail businesses.
Warburg Pincus snaps up minority stake in Brazil’s Contabilizei for $125m
Warburg Pincus has now become Contabilizei’s largest shareholder.
Qonto appoints Natalia Williams as new chief product officer
The new hire comes amid Qonto’s efforts to expand into four new European markets.
ICYMI fintech funding round-up: Plumery, Concreit, Connected Data, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Bank of Hangzhou partners Malaysia’s Maybank to support cross-border businesses in China
The partnership will focus on “enhancing cross-border business and advancing digital innovation”.
Ex-TNEX chief Bryan Carroll heads new Credit-Decisioning-as-a-Service start-up SMEApprove
The platform seeks to assist banks in lending to underserved SME clients across emerging markets.
HSBC launches embedded finance venture SemFi with Tradeshift
SemFi provides embedded payment, trade and financing solutions from HSBC.
Stax Payments snaps up BlockChyp for undisclosed sum
Stax says this acquisition will reduce “friction” and enhance partner and customer experience.
Rakbank joins Magnati to launch new SME financing platform in UAE
Rakbank’s underwriting will be guided by real-time transaction data created by Magnati.
PayMate nears $400m acquisition of DigiAsia’s FaaS business
PayMate plans to list on the National Stock Exchange of India following the purchase.
UK fintech Apron secures $30m in Zinal Growth-led Series B
This round builds on Apron’s $15 million Series A secured in September 2023.
India’s Cashfree Payments hires Nitin Pulyani as new head of product
The Bengaluru-based paytech is looking to expand its presence in India and the UAE.
Nexi Group lands €220m financing from the EIB
The loan is the first to be granted by the EIB to a publicly listed company in the digital payments sector.
BNP Paribas to acquire HSBC’s private banking division in Germany
BNP Paribas anticipates the deal will boost its AUM to €40 billion.
SME app Countingup hires ClearScore’s Dan Elias as head of product
Countingup has also hired a new head of compliance and head of marketing.
FinTech Futures: Top five news stories of the week – 13 September 2024
Our pick of the top fintech news stories this week includes UniCredit, Westpac, Mastercard and more.
ICYMI fintech funding round-up: Datricks, PastPay, LineLeap, Kompasbank and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
India’s FlexiLoans bags $34.5m Series C for lending platform expansion
The platform has now raised $76.6 million in equity and over $240.9 million in debt to date.
Paymob secures $22m Series B extension to continue GCC roll-out
The Cairo-based paytech has now raised $72 million in Series B funding.
Financial management software provider to SMEs, Finally, raises $50m equity and $150m debt
Florida-based Finally plans to expand its AI-powered business payments platform across the US.
Judo Bank migrates lending business to Thought Machine’s Vault Core
The migration to the cloud-based core banking platform has been underway since last year.
