ICYMI fintech funding round-up: EduFi, Performativ, Due and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech
FinTech Futures: Top five stories of the week – 10 November 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: Incedo at Money20/20 USA 2023 – Winning in the digital age
We chat with Incedo CEO Nitin Seth about what banks need to do to make the most of their digital investments.
Video: LiveBank at Money20/20 USA 2023 – Bridging the gap between physical and digital banking
We chat with LiveBank about how the firm helps banks provide a branch-like experience through digital channels.
European regulators agree on new rules for SEPA instant payments
The rules state that instant transfers must not cost more than standard services.
FCA calls for “robust frameworks” to detect fraud and support victims
The regulator recently reviewed how firms tackle fraud and handle complaints from customers.
Improving safety in AI
Having regulators test AI before release will ensure a much better understanding of its capabilities.
FinTech Founders Video: building a successful roadmap
Exploring hiring strategies and how to build a successful roadmap for a long-term vision.
Q&A: Nauman Anees, co-founder and CEO of ThinkMarkets, on proprietary technology, expansion and growth vision
The mindset of today’s investors and the importance of maintaining a competitive edge.
Goldman Sachs reportedly seeks new issuer for General Motors credit card
Goldman Sachs bought the GM credit card business for $2.5 billion in October 2020.
Private investment management platform Arch raises $20m Series A
The latest cash injection brings Arch’s total funding to date to over $25 million.
UK challenger Monument Bank completes £40m Series B raise, eyes more funding
Dubai Investments has acquired an additional 7.68% equity stake in the bank.
What the FinTech? | S.4 Episode 20 | SPAC to the future
In this episode of the podcast, we’re joined by Betsy and Daniel Cohen, co-founders of Cohen Circle.
CFPB targets US fintech firms with proposals for increased regulatory scope
The proposals will target 17 companies who control 88% of the market share.
SimCorp in merger with Axioma following Deutsche Börse takeover
SimCorp and Axioma are both subsidiaries of the Deutsche Börse Group.
Tennis with an octopus
If eight balls are being thrown at you where you were meant to get just one, some may get through that shouldn’t.
UK payments app Cardeo to shut down
In an announcement on its website, Cardeo says it failed to secure funding “required to continue as a business”.
AI fintech start-up Black Ore launches from stealth with $60m funding
Founded in 2022 and based in Texas, Black Ore offers an AI automation platform for financial services businesses.
Travelex names ex-HSBC exec Jackie Uhi as global retail director
Travelex CCO Cameron Hume is also transitioning into the role of global wholesale director.
The Bank of London names Frankie Woodhead as new chief product officer
Woodhead joins from 10x Banking, where he worked for over five years following a decade-long stint at Barclays.
Two weeks until FinTech Futures’ AI Insights networking morning
Join our exclusive panel discussion and networking event, AI Insights, 22 November.
Customers, employees, shareholders: the laser focus of successful digital transformations
Incorporating a customer lens in your digital transformation can boost both revenue and employee satisfaction.
Kash Baghaei joins expense management platform Jeeves as chief product officer
With 20 years of experience in engineering and product management, Baghaei joins Jeeves from Early Warning.
UK challenger bank OakNorth launches new business banking offering
OakNorth’s new product is currently in a phased beta, with businesses being invited to sign up to a waitlist.
PFM downturn continues as Status Money closes down
The company’s website and app with cease to operate from 10 November.
Video: Mastercard at Money20/20 USA 2023 – Fintech partnerships and sustainable growth models
We chat with Mastercard’s Tim Montgomery and Hania Faridi about the company’s approach to fintech partnerships.
MPOWER Financing boosts lending capacity to over $300m with fresh debt funding
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
Video: SAS at Money20/20 USA 2023 – The growth of generative AI in financial services
We chat with Diana Rothfuss of SAS and Theodora Lau about the applications of generative AI in finance.
UK paytech Volt brings in former Stripe Europe CEO Matt Henderson as special advisor
Volt says Henderson joins at a “critical inflection point” for the company.
Volante Technologies lands $66m in debt and equity funding round
The funding brings the total external investment in the firm to $116 million to date.
Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”
Hugh founded digital insurance platform Brolly in 2016, which was acquired by Direct Line Group in 2020.
Aussie SME lender Earlypay acquires Timelio’s $40m loan portfolio and assets
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
Cartoon: Beacon of stability
A new cartoon illustrating how the perceptions of Bitcoin have changed in recent times.
The new, new thing needs old-fashioned management skills
Swapping out payments technology or core banking at a large firm is “almost like heart surgery”.
US fintech Bond.AI snaps up Elastech to bolster cloud and data offerings
As part of the acquisition, Elastech CEO Scott Llewelyn will join Bond.AI to lead its professional services division.
German insurtech Wefox secures $55m debt financing from Deutsche Bank and UniCredit
Wefox plans to boost its global expansion efforts, with a focus on mergers and acquisitions.
Klarna to establish UK holding company in preparation for billion-dollar IPO
Klarna describes the UK holding company as “an important early step on a journey towards an eventual IPO”.
BNPL fintech Jifiti lands European EMI licence from Swedish regulator
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
Webinar | 6 December 2023 | Case study: How Wells Fargo leverages DX intelligence for proactive issue monitoring
Real-world examples of how Wells Fargo monitors, understands and reacts to critical digital experience issues.
Video: Ecommpay at Open Banking Expo 2023 – The unstoppable rise of open banking
We chat with Ecommpay’s Olga Karablina about the state of play of open banking adoption worldwide.
