Banking Technology Dec 2021/Jan 2022 issue out now
Cover story: THE GRETA GOOD – How the finance sector can help save the planet.
FinTech
Supply chain specialist Tradeshift raises $200m in funding and debt
Tradeshift aims “to connect every company in the world, creating economic opportunity for all”.
Fintech funding deals globally 6 December – 12 December 2021
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
Video: fintech news pick of the week – Better.com, WeLab & Rapyd
Our top pick of news from the world of finance and tech in bitesize video format, every week.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
HSBC and Wells Fargo launch blockchain-based FX settlement solution
The shared, private ledger enhances settlement speed and efficiency and reduces risk.
Collateral analytics platform Cassini secures $20.5m financing round
“With this latest investment, we look forward to deepening and expanding our solutions,” CEO says.
Growing a backbone: Will AI empower accountants or undermine them?
By working with AI rather than against it, accountants can leverage its assistance to elevate their roles.
MTN hires Hermann Tischendorf as CTIO for digital and fintech
Tischendorf joins from 4Finance Group, where he served as CTO.
Finance management platform Rho raises $75m in Series B round
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Curve appoints new CTO, Eric Molitor
Molitor replaces Matt Collinge, who left Curve after almost four years.
Cartoon: The Pied Piper
A new cartoon illustrating the pull of the current crypto and blockchain industry to draw in talent and capital.
How fintech is driving the new age of retail agility
With digital transformation driving change in the retail industry, here are some important trends to bear in mind.
CBI: Collaborative open finance ecosystems for a market success story
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
FinTech Futures Jobs: Three exciting roles to apply for this week
Exciting open vacancies at Starling Bank, Funding Circle and Crowdcube. Apply today!
B2B spend management platform Pleo adds $200m to Series C funding round
The new funds will facilitate the company’s “massive roll-out across Europe” in 2022.
ICYMI funding round-up: Trolley, TSLC, and Freetrade
With the ever fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
UK paytech Rapyd acquires Neat for Asian expansion
Neat provides a cross-border trade enabling platform for small businesses and start-ups.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
Dutch digital bank Bunq partners with Tulp to offer mortgages
Challenger says it will become “the first European digital bank to start offering mortgages”.
Battle for crypto supremacy like tortoise and hare fable, says Hyphe CEO
With regulation comes legitimacy, clearing the way for traditional FIs to offer digital currencies to their clients.
Financial services app Lydia hits unicorn status with latest funding
Paris-based Lydia has raised over $100 million in new funding.
Westpac acquires money management app MoneyBrilliant
MoneyBrilliant’s technology will be integrated into Westpac’s digital banking app.
Better.com CEO apologises after laying off 900 workers over Zoom
CEO Vishal Garg says he “blundered the execution” following a barrage of criticism.
Banking start-up Hatch rebrands as Nearside, raises $58m in Series B
Founded in 2019, Nearside focuses on “the smallest of the small businesses” in the US.
I am an immigrant
I was asked recently in an interview what I mean when I describe myself as an immigrant. Let’s discuss.
Accounting software firm Tipalti hits $8.3bn valuation with $270m Series F round
Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
Start-up Quantile acquired by London Stock Exchange Group
LSEG will pay a maximum aggregate consideration of up to £274 million to Quantile’s shareholders.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
White paper: The innovator’s guide to the digital-first contact centre
Social and messaging are well on their way to become mainstream contact centre channels.
E-book: Next-gen cloud contact centres
How a next-gen cloud contact centre can help you deliver the experiences your customers demand.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
White paper: Cloud contact centres for financial services – delivering agility and superior CX at scale
Enabling financial services organisations to stay agile and elevate the customer experience.
Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
Novi chief and co-creator of Diem David Marcus to leave Meta
Marcus is stepping down to pursue new entrepreneurial opportunities after seven years at the firm.
Numerated acquires fellow fintech Fincura
Numerated is “building the future of business banking”, founder and CEO states.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
