CIBC invests in start-up Pollinate; launches paytech service for Canadian SMEs, Tyl
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
PayTech
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Pipe acquires Purely Capital to move into media and entertainment financing
Pipe claims to be “the creator of the world’s first trading platform for recurring revenues”.
TreviPay acquires fellow B2B paytech Baton Financial Services
Start-up Baton “has built a unique, innovative B2B invoice payments network”, TreviPay says.
A new way to give? – how fintech start-up DonateStock aims to simplify charitable giving
FinTech Futures speaks to DonateStock co-founder and chairman Steve Latham.
‘Earnings on demand’ fintech PayUp set to launch in UK
The app allows users to access their salary as they earn.
Italian BNPL provider Scalapay raises $497m in Series B
Scalapay has also launched a checkout experience platform for e-commerce called Magic.
FX platform M-DAQ acquires B2B cross-border paytech Wallex
The deal forms part of M-DAQ’s growth strategy as it looks to expand into new international markets.
U.S. Bank and Payactiv launch earned wage access solution
“Payactiv invented EWA to free the American worker from the two-week pay cycle,” states CEO.
Fintech momentum is growing in Cyprus, but challenges must be resolved
The fintech scene in Cyprus is growing rapidly, but there are still some hurdles to overcome.
White paper: Frictionless cross-border payments – alternatives to correspondent banking
Volante and Aite address the importance of capitalising market opportunities in this free white paper.
Core banking tech vendor Technisys acquired by SoFi Technologies
Technisys’ shareholders will receive 84 million shares of SoFi common stock worth $1.1 billion.
India’s Pine Labs secures $150m funding from Alpha Wave
The fintech has previously seen investment from the likes of PayPal and Mastercard.
Philippines’ PayMongo raises $31m Series B to support nation’s SMEs
The Manila-based start-up has now raised around $46 million in total capital.
Amazon and Visa bury the hatchet over UK credit card fees
Visa says the agreement includes “a joint commitment to collaboration on new product and technology initiatives”.
Fintech funding deals globally 14 February – 20 February 2022
Featuring Neon, Flutterwave, RapidRatings, Spotter and Genesis.
Cross-border payments giant Wise to hire 150 new staff in Singapore
The decision to expand in Singapore follows the opening of a new, larger APAC regional hub in the country.
OpenPayd hires former Worldpay VP Daniel Belda to head up product strategy
Belda spent the best part of five years in senior positions at Worldpay before moving to OpenPayd.
BNPL provider ViaBill raises $120m in equity and debt
ViaBill’s funding round was led by London-based Fasanara Capital.
Financial “cockpit” for SMEs Ageras raises €30m
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
US fintech start-ups Airbase, Genesis Volatility, and Tilled raise funds
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
Finovate supplement: stand out and showcase your brand to fintech professionals
Our Finovate supplements are a great way for you to gain additional brand awareness.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
TSB and BankiFi team up to launch Revenu app for small businesses
Revenu enables small businesses to receive quicker payments and to better manage their finances.
Private equity firm Madison Dearborn Partners to acquire MoneyGram for $1.8bn
The transaction is expected to close in Q4 2022.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
In an era of consolidation, will fintech retain its spirit of innovation?
The unprecedented level of consolidation in the market may stoke fears that innovation will be stifled.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Diebold Nixdorf names new president and CEO as Gerrard Schmid steps down
Octavio Marquez is taking over the CEO and president role on 11 March 2022.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
Paysera appoints new CEO, awaits banking licence
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Form3 poaches senior Swift exec to drive US expansion
Dave Scola moves from Swift to become Form3’s US chief executive.
FIS names new president, Stephanie Ferris
Ferris joined FIS through its 2019 acquisition of payments software firm Worldpay.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Transforming payments from a cost centre to a revenue centre
Moving from a tactical to a strategic approach to payment modernisation.
