Al Rajhi Bank Malaysia picks Moneythor to strengthen digital bank offering
The bank will integrate Moneythor’s personal financial management features.
The bank will integrate Moneythor’s personal financial management features.
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
The co-branded app is aimed at parents and youngsters between the ages of seven and 13.
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
The funding was raised at a pre-money valuation of $60 million, according to Sky News sources.
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The challenger plans to “build a war chest for acquisitions”.
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The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
Hamilton has more than 20 years worth of experience in senior leadership and information technology roles.
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
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The firm says it will use the funds to make quality education more accessible across India.
The partnership will offer new debit and credit card capabilities for businesses and consumers.
The seed funding is made up of a combination of equity and debt.
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
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Kamienas joins from financial group SEB and will be tasked with expanding the company’s European footprint.
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The round saw participation from Citi, State Street, Blumberg Capital, LionBird Ventures and Team8 Capital.
Robinhood says the deal forms part of its mission to “democratise finance”.
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The tech veteran has previously worked at firms including The Co-Operative Bank and Think Money Group.
The round was led by Fuel Venture Capital and IDC Ventures.
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
PayU has invested more than $1 billion in fintech companies to date.
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New digital brand AlumniFi is targeted at Michigan-based alumni.
The firm’s app currently has a waitlist of over 15,000 people.
The pre-Series A investment round consists of $4 million in equity funding and a $20 million debt facility.