Montréal’s FlexPay raises $6m in seed round
The fintech says 24% of recurring credit card transactions are falsely declined.
FinTech
Brazilian fintech Cora raises $10m, founded by Wirecard company creators
Founders Igor Senra and Leo Mendes created MOIP which was bought by Wirecard in 2016.
How to choose the right jurisdiction for opening a company
Brigewest explores how the Middle East has become an attractive region for businesses.
Findexable report: London bests other European fintech hubs despite Brexit
San Francisco secured the top spot – up from eleventh place last year.
Barclays Partner Finance offers 24-month interest-free contract on iPhone 11
The financing subsidiary says it can save consumers up to £270.
Trulioo opens GlobalGateway to Nigeria and Ghana
Nigeria & Ghana have taken significant steps toward increasing access to digitisation.
Start-up Saga launches stabilised SGA token with major bank and exchange advisors
JP Morgan Chase’s chairman and former deputy attorney-general of Israel are on the board.
The 20th Banking Technology Awards winners have been announced
It was a brilliant celebration of excellence and innovation in the banking industry.
JP Morgan Chase partners with Envestnet Yodlee giving customers more visibility on their data
All customer data will now funnel through the bank’s “secure API”.
EU agrees need for rule book on labeling financial products ‘green’
The EU hopes to validate the market and tackle issues of ‘greenwashing’.
The capitalist eco-warrior
Should companies have a purpose beyond profit?
Video: Top fintech stories this week – 06 December 2019
FinTech Future’s weekly news round-up.
US neobank Chime quadruples valuation to $5.8b, raises $500m Series E
Chime soars ahead of Brazilian challenger NuBank’s $400 million record fundraise.
Nationwide invests in charity app Percent to support local British communities
The investment is part of the UK bank’s £50 million venture fund.
UK start-up StorkCard launches joint account for parents to manage childcare
Each carer is issued their own card linked to the joint account.
API builder Tink launches in Italy and Portugal, opens Madrid and Milan offices
Tink has bagged transaction data from 32 FIs across the regions.
Ant Financial to raise $1 billion fund for Southeast Asian and India start-ups
The fund is for payments and online finance start-ups.
The driverless bank
A truly digital organisation can live without one of the five P’s that typically creates friction.
Former Morgan Stanley developers unveil new cryptocurrency exchange
Phemex calls itself “the most trustworthy cryptocurrency derivatives trading platform”.
Banking app Monese launches “first” cross-border joint account in Europe
Monese wants to offer an alternative to traditional banks’ “red tape”.
Starling Bank co-founder joins Winklevoss crypto exchange
Julian Sawyer set to lead Gemini’s European operations.
Portag3 Ventures closes $320m fund for early-stage investment
Venture capital firm plans to focus on the US and Canada, as well as overseas
Unpacking Europe’s 2019’s major tech milestones with NIIT
FinTech Futures breaks down this year’s trends with Gautam Samanta at NIIT.
Staying the course: CTOs in shining armour
Corporate troublemakers, dreamers and challengers rely on a good CTO.
Fintech API platform Rapyd raises $20m and hits $1.2bn valuation
The company is gearing up to make two acquisitions.
German SME challenger Penta teams up with card reader SumUp to tap offline businesses
Penta is breaking out of its online-savvy customer niche.
China gears up digital yuan with potential digitisation of ID cards ahead of 2020 launch
Now the central bank could be entering phase two of its project.
Toucan “first” to test bank account alert to help mental health sufferers
96% of UK mental health sufferers say the alert will be useful.
Berlin’s Raisin partners with Credorax to offer its German users retail deposits
Raisin is the first – and currently the only – company to offer Credorax’s retail deposits.
Ask the expert: when should a company founder step aside?
When should a founder CEO step back to let their business reach the next level?
Canada’s neobank Koho secures extra $18.8m in Series B to diversify investors
The round was led by Drive Capital and National Bank of Canada’s VC arm, NAventures.
French start-up Pixpay raises €3.1m to tap younger banking generation
The funding round was led by seed and growth investor Global Founders Capital.
What’s next for investment in tech?
Will fintech firms re-evaluate the costs & benefits of public and private ownership?
UK start-up Student Finance raises €1.15m to tackle university loans
The firm will cover fees and get a future share of students’ future incomes.
CMFG Ventures hands BankBI Series A investment to tap US market
BankBi will use CMFG Ventures’ US credit union connections.
Private bank for YouTubers and high-net-worth youngsters 220 to launch for users next year
There is strict criteria to join the private banking community.
Where has trust gone – can banks even recover their standing in the community?
Traditional banks might find themselves facing a future where the front doors are locked for them!
Video: Top fintech stories this week – 29 November 2019
FinTech Future’s weekly news round-up.
Swedish AI start-up Bokio raises €4m led by local investor Creandum
The start-up uses AI to simplify bookkeeping for small businesses.
Four fintech & financial inclusion trends for 2020
A gap remains for women, rural residents, & other underserved communities.
