August 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over August.
LendTech
RBI set to launch United Lending Interface to simplify access to credit for underserved borrowers
RBI governor Shri Shaktikanta Das says the ULI will launch “in due course”.
India’s DMI Finance lands a further $334m investment from MUFG
The new capital injection brings MUFG’s total investment in DMI Finance to $565 million.
Arch Lending raises $75m in equity and debt financing to power crypto-backed loans
The raise includes $5 million in equity and a $70 million loan debt financing facility.
Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Amount’s tech powers deposit account opening and loan origination for banks and credit unions.
Setpoint bags $31m Series B funding to fuel research and development
The round builds on Setpoint’s $43 million Series A and takes its total capital raised to date to $76 million.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
Selina Finance signs five-year mortgage servicing agreement with Phoebus Software
The London-based lender will leverage Phoebus’ tech to service homeowner and HELOC loans.
Debt repayment platform Haboo Money prepares for 2025 launch
The service will leverage open banking to make repayments “more personalised and dynamic”.
LendingPoint hires ex-Mr Cooper exec Shawn Stone as CEO
Stone is also set to join the LendingPoint board of directors.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
US fintech Octane raises $50m Series E funding led by Valar Ventures
The funds will drive Octane’s market expansion and fuel further product development.
Bain Capital completes deals to acquire Finova and Iress’ UK mortgages business
Under BCTO’s ownership, the two entities will merge to become a single combined business.
July 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in July.
July 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new launches in July.
Alt.bank in Brazil migrates novücard credit card infrastructure to Visa’s Pismo
Alt.bank now plans to launch “several new product features” for the credit card.
Egypt’s MNT-Halan expands into Turkey with acquisition of Tam Finans
The move comes after the Giza-based firm announced a $157.5 million funding round last week.
Kosovo’s Cash Plus selects Profile Software’s Finuevo Suite for loan process management
Profile says Cash Plus was able to go live with its cloud-based solution in “an extremely short time period”.
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
In 2023, the alternative lender financed over €27 million in small business loans.
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
The international expansion will be aided by both M&As and partnerships.
Pennsylvania’s Sagent appoints Jaime Gow as new CFO
Gow will work out of Sagent’s major US tech hub in Dallas, Texas.
India’s Auxilo Finserve raises $33m to further support student community
LeapFrog Investments has invested $30 million in Auxilo’s latest round.
Mexican fintech start-up OCN lands $86m Series A funding round to drive international expansion
OCN provides gig workers in Latin America and the US access to capital for car rentals.
Banking Technology Magazine July / August 2024 issue out now
Cover story: MONEY TALKS – Cash still playing an important role in society.
Islamic finance start-up Ethos taps Thought Machine for core banking tech
The start-up will leverage the partnership to launch deposit accounts and home purchase plan mortgage services.
Leadership change at Phoebus Software as long-standing exec Paul Hunt steps down
Chief revenue officer Adam Oldfield has been promoted to the managing director role.
ICYMI fintech funding round-up: Ximple, Hero, Curve, Chift and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
June 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over June.
Hong Kong lender FundPark lands £250m facility led by HSBC
The loan increases FundPark’s total funding facility to $750 million.
iBusiness Funding snaps up Funding Circle’s US business for £33m
Funding Circle first announced the planned sale in March and expects to close the transaction this month.
ICYMI fintech funding round-up: Ramify, Hawk, Cadana, Prosper and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Dineo Crédito migrates from in-house tech to Mambu’s core banking system
The microlender will use the core to launch “more traditional lending products”.
BNPL firm Laybuy’s search for new buyer results in Deloitte receivership
Gary Rohloff, managing director of Laybuy, describes the appointment of receivers as “gut wrenching”.
US fintech Momnt names Chris Bracken as new CEO
Bracken succeeds co-founder Barclay Keith, who is stepping down after over five years.
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White paper: Deepfakes and identity – ensuring authenticity in a synthetic world
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ICYMI fintech funding round-up: Layer3, Sidekick, Elevate, Sahl, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Pipe secures new $100m credit facility from Victory Park Capital
Pipe says the facility “has the potential to upsize up to $200 million in the future”.
Dutch lender BridgeFund taps Mambu for core banking upgrade
BridgeFund will leverage the platform to “expand its account volumes and product offerings”.
