New social investing app AleFi launches in US
AleFi aims to help new retail traders understand the market and follow trends.
Start-up
Inclusive investment start-up Wealth8 partners WealthKernel to launch new app
Wealth8 to launch a new mobile investment app for black and multi-ethnic communities.
Swedish neobank Juni raises $52m in Series A extension to launch credit product
New product will give internet-first businesses access to short-term credit.
N26 raises $900m in new funding to reach $9bn valuation
German neobank’s value eclipses the market capitalisation of Germany’s second-largest bank.
What the FinTech? | S.2 Episode 20 | Let’s get digital
Dreams CEO and founder, Henrik Rosvall, joins us for this latest episode of our What the Fintech? podcast.
Fintech start-up Tala secures $145m Series E funding
California-based firm will look to expand its product offering and grow its team.
India’s M2P Fintech plots expansion following $35m raise
CEO says firm will also “double down” on growth in India and Dubai.
Monese appoints Revolut and JP Morgan veterans to leadership roles
Steve Tryner joins as CFO and fintech veteran Stephen Chang joins as VP of operations.
ICYMI funding round-up: Rize, Sparkle, Rupifi, PaySika & more
Another batch of funding rounds you may have missed this week in fintech.
Airbank picks Yapily to launch major bank API connections
Open banking infrastructure firm to help German cash management company connect users’ accounts.
Cartoon: Landfill
This new cartoon illustrates how the excess of cash is diminishing the ‘Valley of Death’ for many start-ups.
Indian SME neobank Open gains backing from Google in $100m Series C
Open raises $100 million to expand into new markets, including the US.
JIC Bank picks Technisys to power core banking
Puerto Rican lender aims to serve retail and commercial customers with new system.
Fintech funding deals globally 4 October – 10 October 2021
Featuring Devoted Health, CoinSwitch, Ajaib, Sky Mavis and Masterworks.
Creator-inspired fintech Superjoi to provide financial partnerships with fans
Platform aims to connect content creators with their audience to share revenue.
New UK banking hopeful Tryllian targeting 150m member figure
New bank is applying for an electronic money licence in the UK.
New US fintech Monai to gamify savings for Millennials and Gen Z
New fintech plans to use time spent mobile gaming to help users reduce debt.
If I had a penny…
If we’re going to talk about inclusion, don’t talk to me about current accounts. Talk to me about money.
Ex-Singlife execs to launch new Japanese paytech Purasu Money
Purasu to launch under umbrella of new venture SJ Mobile Labs.
Surfboard Payments launches Surfpay to turn smartphones into payment terminals
Swedish payments company aims to help small businesses transact easier.
New fintech Z-Walet plans Egyptian launch targeting Gen Z
Founded in 2020, the firm is still at the waiting list stage.
What the Fintech? | S.2 Episode 19 | Can’t see the wood for the VCs
Level Ventures’ Ian Foley joins us for this latest episode of our What the Fintech? podcast.
Banking platform Arzus launches in US to provide all-in-one service
Arzus aims to create a single dashboard for users’ financial lives.
Banking Technology October 2021 issue out now
Cover story: multi-tusking – how do you eat an elephant?
ICYMI funding round-up: Yellow Card, QisstPay, Vyne, Tomorrow & more
Plenty of funding rounds in the double digits in this week’s ICYMI roundup.
Spanish challenger Bankse plans raft of features to win over customers
New bank to provide trading, credit, crypto, wage payment and more.
I bet you say that to all the girls
There should be parity in the workplace. But we are a long, long way from it.
Singapore fintech Aspire lands $158m Series B funding
Aspire will use the investment to “double down” on existing markets.
Kenbi launches in Israel to help merchants approve payments
New fintech aims to sit atop payment flows and enable easier transactions.
Aspiring neobank Vergo aims to serve US architecture SMEs
Vergo will be a vertical neobank for the US construction and interior design industry.
PrimaryBid names City veteran Donald Brydon as first chair
Brydon will step down as chairman of financial software company Sage on 30 September.
Challenger bank Mox appoints former ING exec Barbaros Uygun as CEO
Current CEO Deniz Güven will step down with effect from 27 September.
Financial document processing platform Ocrolus secures $80m Series C round
New York-based start-up says the new funding takes its valuation “north of $500 million”.
JP Morgan Chase acquires Frank to firm up student offering
US firm hopes the deal for the college-focused financial wellness platform will boost student engagement.
Paytech Recharge eyes global expansion after $35m investment
The Series B round culminated in one of the largest investments into a Dutch startup in 2021.
How Northern Ireland is helping to build a cyber-secure future
Northern Ireland has nurtured a small cluster of native businesses into a global centre of cybersecurity excellence.
Fintech Spenmo raises $34m in Series A round
The round was oversubscribed by a multiple of five, making it Singapore’s largest Series A round to date.
SME bank Recognise given green light by UK regulator
The new bank can now start offering personal savings accounts and business loans.
What you sell when you’re not selling
It’s when you’re not selling that your true colours as an organisation shine through.
London gains new unicorn as TrueLayer raises $130m in Series E round
Open banking payments firm raises largest round yet from Tiger Global Management and Stripe.
