Allica Bank and ClearBank team up to boost banking for UK SMEs
ClearBank provides Allica with client money accounts and access to UK payment schemes.
SME
Congratulations to the Banking Tech Awards USA 2023 winners!
Take a look at the 2023 Banking Tech Awards USA well-deserved winners.
Swiss fintech Teylor lands €275m debt funding
With the funding, Teylor plans to facilitate its growth and enable it to meet the financing needs of SMEs.
Platinum Federal Credit Union taps Jack Henry for Symitar platform
The Symitar platform will allow PFCU to offer business payment services including ACH and wire transfers.
Become a judge for PayTech Awards USA 2023
Apply to become a judge for the PayTech Awards USA 2023 today!
Ant Group enables Alipay+ mobile wallet integrations in Thailand
The mobile wallets include Alipay HK (Hong Kong SAR), Kakao Pay (South Korea), and Touch ‘n Go eWallet (Malaysia).
MultiChoice partners Rapyd to launch new payments platform in Africa
The new platform, called Moment, will offer an expanded payment infrastructure for African businesses.
Cambodia’s Sathapana Bank taps Finbots.ai for enhanced credit risk management
CreditX will enable Sathapana Bank to build “high quality” credit risk scorecards and accelerate client onboarding.
B2B fintech Plastiq files for bankruptcy, enters deal with Priority
The agreement is subject to approval from the Bankruptcy Court, and any better offers Plastiq may receive.
Swedish fintech Qred lands full banking licence
Qred operates an AI-led financing platform to offer loans, credit cards and factoring for small businesses.
Ex-NatWest exec Julie Ashmore joins lendtech Muse Finance as COO
Julie Ashmore moves to Muse Finance from NatWest Rapid Cash where she was CEO.
Standard Chartered partners Worldpay from FIS to expand payment collections offering
With the partnership, the bank aims to expand the footprint of its solution across Asia and other markets.
Norwegian paytech EedenBull names Eilin Schjetne as CEO
As CEO, Schjetne aims to scale the firm in a bid to make EedenBull Norway’s first fintech unicorn.
Procurement fintech Zip secures $100m Series C funding at $1.5bn valuation
Founded in 2020, Zip helps companies streamline B2B purchasing and manage business spend.
Redwood Bank appoints Ashraf Piranie as chief financial officer
Piranie brings more than 25 years of financial services experience to his new role.
ICYMI fintech funding round-up: Firmbase, ThreatFabric, Viceversa and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech 8fig secures $140m in equity and debt financing
8fig will use the latest funding to continue investing in small and medium-sized e-commerce businesses.
Ironing out the kinks: how DeFi can help close the $2tn trade finance gap
Blockchain “allows for secure, transparent and traceable financing for SMEs,” Voy Finance CEO Lee Tarone explains.
LatAm paytech start-up Liquido launches from stealth with $26m in funding
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
Banking on SMBs: How Rauva aims to bridge the business app gap in Portugal
FinTech Futures speaks with Rauva founder Jon Fath about the company’s launch and future plans.
Microsoft taps Stripe, PayPal and GoDaddy to launch payments on Teams
North American businesses will be able to accept real-time card payments directly on the Teams platform.
Nigerian paytech Nomba raises $30m in pre-Series B round
The start-up will use the funding to expand in Nigeria and across other African markets.
Shopify taps B2B payments platform Melio for bill pay solution
The new solution will allow Shopify merchants to pay and manage their bills without leaving the platform.
eBook: SME lending – the road to real-time approvals
Discover how rapid innovation, smarter decisioning and faster approvals can be yours.
Finalists announced for PayTech Awards 2023
We are delighted to share with you the shortlist for FinTech Futures’ PayTech Awards 2023.
Smile Identity acquires Appruve to expand across Africa
With the acquisition, Smile Identity aims to expand its reach across Ghana and francophone Africa.
The future is FedNow: how the new RTP service is aiming to future-proof US payments
FedNow has the potential to drive innovation, broaden financial inclusion and improve cash flow.
Jack Henry signs three new US clients for its core banking tech
Michigan’s First Community Bank, Florida’s Sunrise Bank, and Arkansas’ Today’s Bank have selected Jack Henry’s tech.
Indian fintech unicorn Open lays off 47 employees
Open says the cuts were based on employee performance.
FinTech Futures: Top five stories of the week – 21 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Floodlight, Fractal and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Finbots.ai credit modelling platform to power Argenic’s SME lending
The partnership will support Argenic’s financial inclusion drive for underserved Australian SMEs.
Dutch SME lender Factris secures €50m funding line from Aegon Asset Management
The funding line will enable Factris “to support struggling business owners” with its financing services.
Liberty Bank launches Owners Bank for small businesses in the US
Owners Bank offers checking and savings accounts as well as digital tools for small businesses.
IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
Illimity Bank and EIB sign €200m agreement to support Italian SMEs
This is the second agreement between the two firms, following the €1 billion funding facilitated in 2021.
SME Finance secures €100m credit facility from London’s Fasanara Capital
The latest funding brings the total committed from Fasanara to €240 million.
Dutch heavyweight ING taps Salt Edge for SME open banking solutions
The partnership will see use cases developed for SME segments from various industries.
Vemanti taps Finastra to power new SME neobank in Southeast Asia
Vemanti will deploy Finastra’s Fusion Essence solution, with plans to launch initially in Vietnam.
Pakistan’s latest digital bank HugoBank names Atyab Tahir as CEO
Tahir brings more than 20 years of experience to the newly founded digital bank.
