Accounting automation platform Vic.ai bags $52m Series C funding
With the new funding, Vic.ai plans to introduce a host of new features on its platform.
FinTech
Thoma Bravo to acquire Coupa Software for $8bn
Coupa says the deal is expected to close in the first half of 2023.
Microsoft buys 4% stake in LSEG, pair to develop data analytics solutions
LSEG has also committed to a $2.8bn cloud-related spend with Microsoft over the life of the 10-year agreement.
Moneyfarm set to buy digital pension adviser Profile Pensions
The deal, which is subject to regulatory approvals, is expected to close in H1 2023.
Not how, but where: the next payments revolution
The future will bring many metaverse ‘realms’ operating across borders, each with their own digital tokens.
French fintech Younited secures €60m in new funding
Younited says it will use the funding to develop its partnership activities and invest in its technology.
TreviPay to acquire fellow US paytech Apruve for undisclosed sum
With the acquisition, TreviPay plans to expand its B2B payments network.
Let talent thrive
When it comes to talent investment, far too many financial firms continue to get it wrong.
White paper: Banking in the new normal – foundations for customer lifecycle intelligence-led banking transformation
Uncovering the principal drivers that will distinguish banks that survive and thrive from those left behind.
Banking Tech Awards USA will be returning for a second year
Nominations for the 2023 awards are now open.
Starling Bank to create 1,000 jobs as it opens new Manchester base
Starling says it chose Manchester due to its “deep pool of tech talent and rich cultural and creative heritage”.
Mobility fintech Moove lands $30m to fuel UAE expansion
Moove intends to use the funding to scale to 2,000 EVs in the UAE over the coming year.
Collaboration and partnership will improve money movement for the unbanked
Digital platforms can be the glue to help facilitate collaboration, reduce friction and minimise distribution costs.
How recurring payments can reduce subscription churn
Open banking-powered A2A recurring payments can help subscription businesses fortify their operations.
Brazil’s C6 Bank taps Thought Machine for core banking technology
The bank will be powered by Vault Core, Thought Machine’s cloud-native core banking platform.
FinTech Futures: Top five stories of the week – 9 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
Swiss neobank Alpian partners Napier, goes live on Temenos Banking Cloud
The bank will deploy the Napier Continuum financial crime compliance platform.
FinTech Futures Jobs: Three fintech careers to consider for 2023
Explore thousands of open roles on the Fintech Futures Job Board today.
Getting banked: financial services and the US cannabis industry
We chat with Michael Beird of Infused Banking about how banking is changing for US cannabis businesses.
North America fintech funding round-up: Syncfy, Totem and more
Our weekly fintech round-up for you to get the latest funding news from across North America.
ICYMI fintech funding round-up: BondIT, Paywatch, 1fs Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US proptech Setpoint lands $43m Series A
The round, led by Andreessen Horowitz, saw participation from Stonecroft, 75andSunny and Fifth Wall, among others.
Avant secures $250m in debt and equity from Ares Management
Avant CEO Matt Bochenek says the funds from Ares will “further fuel our credit portfolio and next-gen platform”.
Reflections on 2022
As we hurtle towards the end of the year, let’s take a look at how my forecasts for 2022 have turned out.
Bevan Money taps Sopra Banking Software for core banking tech
Bevan Money will utilise SBS’ Sopra Banking Platform technology to power its offering.
Broadridge names Martin Koopman as new chief product officer
In his new role, Koopman will head up the product management team across all of Broadridge’s business units.
Keyrock lands $72m in Series B funding round
Keyrock plans to invest in infrastructure development and regulatory licensing.
Open banking fintech Plaid to cut 260 jobs
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
Sunbit lands $250m debt facility to expand access to credit
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
Crypto platform Zumo hires first chief data and analytics officer
Vicky Byrom joins Zumo from paytech firm Modulr.
The courage of our convictions
When it comes to your convictions, you need the courage to stand up for the thing you know is right.
Challenger bank Tonik acquires paytech firm TendoPay
Through the acquisition, Tonik aims to augment its lending portfolio.
Deutsche Bank partners Nvidia to advance the use of AI in financial services
The two firms aim to develop applications that will improve risk management and boost efficiency.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
Saudi financial super-app Tweeq lands central bank e-money licence
Tweeq leverages Paymentology’s Banking.Live platform and hopes to launch its app soon.
Embedded finance fintech Arex sells Finnish arm to Svea Bank
Svea Bank says the acquisition will “strengthen” its position as a corporate financier.
The great convergence ‒ the encroachment of DeFi into CeFi
Is adopting DeFi concepts in CeFi systems with central governance going in the right direction?
Congratulations to the Banking Tech Awards 2022 winners!
Winners and highly commended of the 23rd annual Banking Tech Awards ceremony.
