Facebook’s Libra could launch as early as January 2021
Novi’s digital wallet is “ready from a product perspective”.
FinTech
Finleap invests in German app aggregating student finance products
German tuition is largely free, making aid for living costs scarce.
Video: Top fintech stories this week – 27 November 2020
FinTech Futures’ weekly news round-up.
Credit Karma secures $7.1bn Intuit acquisition, sells tax ops to Square
Square enjoyed a 4% jump in stock market value following the announcement.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
FinTech Futures Jobs: the six best things about working in fintech
On the job hunt or looking for a perfect candidate? Head over to the FinTech Futures Job portal!
How the pandemic reshaped an international project launch
Lessons in adaptability – how to manage a project in an innovation lab amid COVID-19.
Virgin Money profits dive 77% as it braces for bad loans
Before impairment charges, Virgin Money’s underlying profit stood at £625m.
New York challenger Current lands $131m in Series C funding round
The capital will go towards Current’s product offerings.
Navigating the new normal – how to redefine KYB and enhance the SME experience
The “one size fits all” approach to compliant onboarding is simply no longer relevant.
Halfway hall
It’s time to focus. If nothing else, think how fast the last few years have flown by.
Indian payments fintech Cashfree lands Apis-led $35m Series B
Cashfree counts more than 50,000 businesses as customers.
Goldman’s former CIO becomes chairman of Israeli fintech The Floor
“I believe The Floor has transformative potential to impact the financial services industry.”
E-book: The dawn of end-to-end AML compliance
The components of an end-to-end AML compliance solution and how to put your organisation on the right path.
HMBradley lands $18.25m Series A led by Chime investor Acrew Capital
To date, the fintech claims it has surpassed $90 million in customer deposits.
Western Union snaps up 15% stake in Saudi telco’s payments arm
Currently Western Union provides stc pay with money transfer services.
Investing as magic discovered
A new investment app that aims to truly change the way you are used to thinking of things.
AI rewrites 21st century debt collection practices
It’s likely that AI will find a range of uses in the debt collection sector.
Deutsche Börse leads $15m round for sustainability start-up Clarity AI
“Our purpose is simple: to measure the impact of companies on our society and planet.”
Suncorp exec-founded neobank Alex raises AUD 10m
The funding is headed towards marketing and product development.
Starling Bank claims to be UK’s first profitable challenger bank
CEO Anne Boden announced £800,000 profit in a company update.
FinTech Futures Jobs: five things a fintech start-up founder will ask you in an interview
Interviewing in a fintech company is different from interviewing in other industries.
FCA issues Lanistar warning as tech partners disavow connection
UK payments-as-a-service fintech Modulr is among them.
Chipper Cash raises $30m in Series B featuring Jeff Bezos VC
The Amazon founder’s personal VC participated in Chipper’s latest funding
Latvian loan investment marketplace Mintos crowdfunds €6m
Mintos currently hosts 68 lending companies.
US crypto exchange Gemini banks on ClearBank for UK operations
Gemini launched in the UK two months ago.
UK challenger Monument partners with Mambu, AWS & Accenture
“Monument concluded that no appropriate single solution existed”.
UK challenger Finndon lands e-money licence
The start-up plans to launch in 2021.
One of Turkey’s largest fintechs Papara gears up for expansion
It launched in 2016 and became cash flow positive in 2017.
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Opportunity costs for cynics
The only new opportunity COVID gives us is to be honest about the opportunities we missed.
Jumio discusses the importance of video-based identity verification
“With video, we can reduce onboarding time from days and hours to minutes.”
UK BaaS provider Griffin lands £6.5m to fund banking licence
Ex-Airbnb software engineer David Jarvis leads Griffin.
Rebooting savings during the COVID-19 crisis
How then should we think about structuring our savings plan for success?
United Fintech launches in UK and acquires NetDania
Danish fintech NetDania supplies forex and trading technology and data.
French telecoms firm launches prospective challenger bank
Noelse is still in the very early stages of development.
What the Fintech? Episode 16 | Financial inclusion 2020
Nina Mohanty shares her research findings on financial inclusion around the most vulnerable people in our communities.
Lawyers turned payment processors serve world’s richest consumers
“We’ve already broken even,” says CEO.
PayNearby turning India’s small-time retailers into ATMs and bank branches
“I wanted to take high-end tech to the bottom of the pyramid,” says CEO.
Coconut searching for new CTO
Allistair Crossley leaves after three and a half years at the fintech.
