US fintech Wahed Invest to receive $50m in Series B funding
The Series B round will support the start-up’s plans to launch an ethical neobank.
The Series B round will support the start-up’s plans to launch an ethical neobank.
The license will enable Mazepay to handle transactions on behalf of companies.
We need to see a significant step-change in open banking regulation to cushion the blow of inflation.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Revolut says it will make use of Salesforce technology to power Revolut Business operations.
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.
deadmau5 will join Zytara’s advisory board “to help enhance the creative direction for Zytara moving forward”.
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
Founded in May this year, Chippit calls itself a “social banking app”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
The move has been a strategic decision made in response to multiple factors including Brexit.
Finzly’s user conference discussed trending topics and bank innovation outside the legacy core.
Iceflow creator Graham Denyer will join MDX Technology as CTO.
Celsius says the pause is designed to put the firm in a “better position” to honour its withdrawal obligations in the future.
With the additional funding, the total Series C funding round stands at $200 million.
It doesn’t matter how big the job is, it matters how engaged you are.
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
The new funding brings Flip’s total Series B round to over $100 million.
Nuula provides financial products and services to small business owners.
Airbank raises $20m in a Series A funding round led by Molten Ventures.
“At the heart of the partnership is the delivery of a digital decisioning platform,” Trade Ledger says.
The projects will aim to improve efficiency, customer experience, cybersecurity and other areas.
Digital transformation doesn’t mean ripping everything out and starting again.
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
Percona Monitoring and Management helps fintechs effectively monitor and manage their database estates.
Nexi is selling its tech businesses that are powering MTS and Euronext Securities Milan to Euronext.
The acquisition is “set to revolutionise both the wealth and mortgage technology markets”, the firms say.
Yapily has named Noam Oren its new CTO as it plans European expansion.
The rounds were led by Emigrant Bank and 8VC with participation from other investors.
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
Curve and Gemini lay off employees, while Citi plans on hiring 4,000 techies.
Embracing digital banking has aided small businesses through the early stages of economic recovery.
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
Digital innovation in trade finance is gaining momentum, and blockchain offers a number of possibilities.
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.
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