MayStreet secures $21m Series A investment
The investment will be used to accelerate MayStreet’s product development and expansion.
FinTech
Be Money looks to tap America’s 11m LGBT+ community
The start-up is planning to set up shop in Los Angeles.
Two founders turned bankruptcy into growth
The start-up landed a €2.5m seed investment this year from Paris-based investor BlackFin.
Designing the digital services that US SMBs deserve
They’re also intrinsically linked to the powerful notions of freedom and the American Dream.
Banking on the cloud in the face of COVID-19 and beyond
How is it already aiding savvy banks and their fintech counterparts?
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Europe battles on with digital tax plans despite US walk out
Almost 140 countries are part of the talks to bring in a digital tax.
Banking is moving to a dual core
I’m not saying that digital transformation is just a case of implementing a DBP.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
Kazakhstan’s ecommerce banking app Kaspi quietly expands in CIS region
Kaspi made more than half a billion last year in profits.
UK fintech consultancy 11:FS cuts 12% of workforce
Out of its roughly 183 employees, 22 will be leaving the company.
Credit Sesame acquires Canadian challenger Stack for international expansion
The US loans company is absorbing all Stack employees.
Greensill acquires Colombian fintech Omni to turbocharge LatAm growth
Omni operates across Chile and Colombia.
Friends in low places
If you want something done in a bank you don’t need friends in high places. You need friends in low places.
Five steps that will change reconciliation forever
What does the future of reconciliation look like?
Santander’s PagoFX rolls out business offering and adds more currencies
Eight currencies from the Middle East and Central and Eastern Europe (CEE) have been added.
Fintech start-up Synapse cuts 50% of full-time staff
It also signalled its intention to move more of its workforce to Texas.
Italian neobank illimity launches its open banking platform
The bank launched just nine months ago.
RBC-backed start-up Mydoh launches banking offering for kids
The app and smart card launched more than two weeks ago.
IIFL helps bridge the funding gap for India’s fintech start-ups
The firm says it will fund, mentor and use the fintechs’ products.
IBM returns to M&A market with cloud acquisition
The acquisition is IBM’s first since its $34bn buyout of Red Hat in 2018.
What does survival of the fittest mean for fintechs in a post-COVID-19 world?
COVID-19 has already led to a shift in mindset for many businesses.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Icelandic challenger bank indó selects Enfuce
The challenger is gearing up for a launch later this year.
Amaiz appoints Francesca Dowling as their new head of compliance
Dowling has more than 20 years’ experience working in the regulatory field.
Open banking start-up truID raises funding to expand customer base
It has raised an undisclosed funding round to help build out its product.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
Monzo co-founder joins new UK challenger bank GBB as non-exec chair
The soon-to-be bank will offer property development loans.
Canadian and Taiwanese regulators sign fintech sandbox agreement
The regulators will build a “referral mechanism” between their fintech sandboxes.
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Stripe adds Bacs Direct Debit to compete with UK rivals
Stripe will directly compete with UK home market player GoCardless.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Klarna dips its toe in the savings market with Raisin
Offerings range to terms of up to 48 months.
Muniy chooses HooYu for KYC and raises £200,000
The fintech says it will allow merchants to pay a lower transaction processing cost.
Fintech pirkx lands £960,000 and gains former Google exec
The UK company is expanding to Australia, South Africa and the US.
Banking Technology June 2020 issue out now
Real-time payments and fraud: balancing customer relationships and security.
