Banking Technology February 2022 issue out now
Cover story: THE FUTURE CALLS – Three predictions for the year ahead.
LendTech
UK mortgage lender Generation Home lands £1bn debt financing to expand first-time buyer offering
Start-up says the new funding will help “over 4,000 more families” buy their first home.
Why everyone will know the term embedded lending in 2022
SME demand for finance is set to continue to grow globally in 2022.
Fintech funding deals globally 24 January – 30 January 2022
Featuring Fireblocks, FTX US, Creditas, Esusu and CoinTracker.
Banking Tech Awards 2021 Highly Commended: QuickFi – Best Use of IT for Lending
QuickFi eliminates loan officers and other salespeople in favour of an entirely new borrower self-service experience.
ICYMI funding round-up: ApexEdge, DirectID, Everything, NALA, Tuum, & OZÉ
Our weekly round-up for you to get the latest fintech funding news.
BNPL provider Splitit appoints new CEO, Nandan Sheth
Nandan Sheth moves from Fiserv, where he was head of global digital commerce and the firm’s Carat business.
UK credit card Keebo launches for “credit invisibles” in “passion economy”
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Modifi acquires Seawise Capital’s trade finance and SaaS business in India
Modifi’s business in India has grown more than 2,100% over the past 18 months.
Santander enters BNPL market with launch of new platform Zinia
Already live in Germany, Santander now plans to roll out the service in the Netherlands and Spain.
Technology holds the key to solving the Covid loan repayment crisis
The adoption of new tech by governments can help SMEs access the cash needed to repay their Covid loans.
Alternative lender 365 Business Finance secures £55m funding
365 Business Finance aims to quadruple its lending to UK SMEs over the next two years.
Rupifi appoints early investor Rajesh Kamra to lead B2B payments innovation
Rupifi says it’s India’s “first embedded finance company” in the B2B payments space.
Fifth Third snaps up green energy lendtech Dividend Finance
Dividend Finance offers financing solutions for renewable energy focused home improvement projects.
Technology and collaboration – the formula for reconceiving trade finance
Digitisation and collaboration across global trade are vital to upgrading this centuries-old industry.
Start-up Vartana launches with $57m funding with aim to become the “Affirm for B2B”
Vartana is a new provider of managed checkout and BNPL options for businesses.
Case study: Recognise Bank and nCino – digital solution for SME bank
Learn how Recognise sought an end-to-end digital solution to help it offer the best service to SMEs.
White paper: To buy or to build – which is the best path for digital transformation?
An actionable roadmap for approaching any major digital transformation journey.
ICYMI funding round-up: BillEase, Cake, Gr4vy, Finmap, Shield, & Skilling
Don’t let funding announcements slip you by in this fast-paced industry!
Banking Tech Awards 2021 Winners Supplement out now
Projects, products, services and teams that showcased genuine innovation and had a tangible impact.
African fintechs Finclusion and Lipa Later raise pre-Series A funding
Finclusion has landed $20 million and Lipa Later has secured $12 million.
African fintech start-ups Float and Asaak gain funding
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
De novo Agility Bank opts for Numerated’s loan origination platform
Numerated’s SaaS loan origination platform will support Agility’s business banking products.
Retail finance platform Divido appoints Todd Latham as CEO
Latham has also held senior positions at American Express and Microsoft.
ICYMI funding round-up: DigiDoe, Acorn Finance, ThankUCash, Trust & Will, MDXT, & Paywatch
Don’t let funding announcements slip you by in this fast-paced industry.
UK consumer lender Oplo acquired by challenger bank Tandem
Together, Tandem and Oplo will “create a fairer, greener digital bank”.
Sumitomo Mitsui Trust Bank invests in Indian lender DMI Finance
DMI Finance has closed a $47 million equity investment round.
KoinWorks raises $108m in Series C to power Indonesia’s SME sector
KoinWorks aims to hire 400 new employees globally.
Levenue acquires fellow Dutch financing platform Requr
Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.
Citizens State Bank picks Lendsmart for mortgage solutions upgrade
Lendsmart’s technology digitises up to 70% of lending and home buying processes.
Consolidation of the BNPL industry: what does it mean?
With regulation on the horizon, the BNPL sector is seeing a number of cross-industry consolidations and partnerships.
B2B embedded finance fintech Rupifi raises $25m in Series A round
The fintech says B2B commerce has undergone a digital transformation over the past few years.
Colombian BNPL firm Addi raises $200m to support LatAm expansion
Addi CEO Santiago Suarez says: “Business is accelerating a lot faster than expected.”
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
German fintech re:cap secures $111.5m seed round to launch financing platform
Funding is made up of a combination of growth capital and liquidity for its revenue-based financing platform.
Rocket Companies to acquire personal finance app Truebill for $1.275bn
Truebill claims 2.5 million members and has doubled its user base in the last year.
British Business Bank backs SME-focused lender Simply with £300m funding line boost
Simply has provided £650 million worth of support to businesses since it was founded in April 2017.
Can open banking make BNPL more sustainable?
Could open banking be the missing piece to help BNPL mature into its next phase?
Challenger banking player Monese makes its first acquisition
Monese has acquired Trezeo, a specialist financial services platform for the self-employed.
Why start-ups, not incumbents, will be the engines of post-pandemic SME growth
Many lendtechs are looking to leverage the digital revolution to help drive post-pandemic recovery in the UK.
