New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Start-up
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
Kenyan central bank plans digital lender clampdown
New legislation the latest attempt to stop unregulated lending.
TBC Bank launches in Uzbekistan with Capital Banking Solutions
Georgian bank expands its horizons with new digital venture.
New UK fintech Flex founded by former Pockit employee
Flex promises money management and savings tips for users.
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
Aussie fintech Wildcard shuts down due to COVID-19
The savings firm couldn’t keep up with the economic impact of coronavirus.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
Russia’s VTB opens third round of start-up accelerator
VTB is looking for new retail and corporate solutions.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
New York regulator plans to ease cryptocurrency rules
DFS announces batch of changes amid MOU with New York university.
Thai paytech Synqa raises $80m in Series C round
Synqa plans to use the cash to expand its services in Asia.
Fintech start-up Synapse cuts 50% of full-time staff
It also signalled its intention to move more of its workforce to Texas.
Philippines challenger Tonik raises $21m ahead of 2020 launch
The bank has raised $27m since being founded in 2018.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
MAS launches $1.25m fintech challenge to tackle climate change & COVID-19
Up to 12 winners will be selected to receive in prize money.
PayTech Awards winners: where are they now? ANNA – Best Corporate Payments Initiative
ANNA has been busy onboarding customers and adding features to its platform for SMEs.
DIFC dips into $100m fund to invest in four start-ups
The Dubai-based innovation centre plans for Series A injections to come.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
UK e-commerce bank start-up YAN set to launch in October
The fintech says it will donate “at least” 10% of its revenue to charity.
PayTech Awards winners: where are they now? Streeva – PayTech for Good
We talk to some of the winners of last year’s PayTech Awards to see how they have fared since then.
New international banking platform Cpay.uk launches
Cpay.uk aims to provide an alternative to what it calls “heavily regulated banking”.
What the Fintech? Episode 6 | Digital disruption: entering new markets
Findr CEO Greg Watts provides his insight on creating a start-up amidst a global pandemic.
ComCard aims to challenge US corporate banking with rewards-based card
The Los Angeles-based challenger aims to “simplify” financial management.
Postera Capital acquires sentiment analysis firm Augmento
Blockchain fund operator aims to be “pioneer” for crypto consulting.
Ask the expert: how can I improve my success rate creating partnerships?
What to do if you are struggling to reach the right decision-makers.
Resident FinTech Futures expert Greg Watts launches Findr
It is focused on using AI to streamline commercial partnerships.
Money Dashboard appoints ex-PayPal CEO as new chair
Edinburgh-based fintech prepares for next growth phase.
COVID-19: Highlight of the week
We focus on one particular coronavirus news item affecting the fintech industry.
Indian neobank Walrus aims for teenage market
Newly launched bank wants to help teens learn about “bad world of money”.
