TransferGo picks Thought Machine for core operations
Money transfer firm switches things up in the back office.
PayTech
Banking Technology February 2021 issue out now
The roaring 20s.
Singapore’s central bank reviews BNPL regulation over debt fears
The MAS wants to ensure regulations are “risk-proportionate”.
HPS acquires Mauritius payments processor ICPS
HPS nabs the full stake in ICPS from former partner MCB.
Boosting economic recovery by harnessing the power of payments
The other significant milestone the UK economy has to handle this year is life beyond Brexit.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
SumUp acquires Lithuanian core banking firm Paysolut
SumUp continues its acquisitive spree, buying its fourth firm since 2018.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
Form3 appoints ACI Worldwide’s Jessica Letterman as new customer chief
Letterman joins after 13 years at her previous employer.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
FCA and UK Treasury “acting swiftly” to regulate fast-growing BNPL firms
The FCA is anxious about the number of citizens who will find themselves in debt.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Acquiring pricing models
A breakdown of the benefits and challenges presented by each merchant pricing model.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
The 2020s: how the way we pay will change forever
Consumers started to move from contactless to contact-free in 2020.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
Payroll fintech founded by Google alums raises $35m
Check says it already works with 100,000 small businesses in the US
Stripe leads big investment in one-click checkout fintech Fast
Two-year-old Fast has enjoyed exponential growth in the last year.
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
What the Fintech? | S.2 Episode 2 | Back office processing for real-time payments
Featuring special guest Jack Baldwin, CEO at financial software provider BHMI, and everyone’s favourite Fintech Jail.
Paystone raises CAD 69m with support from Canada business fund
The funding is a combination of equity and debt financing.
Mastercard plans to raise fees for UK purchases from EU
“This smacks of opportunism,” says Kevin Hollinrake, chair of Fair Business Banking.
UK fintech TrueLayer launches its payments API to rival cards
PayDirect claims just a 3.5% payment failure rate.
Crypto liquidity firm Wintermute raises $20m in Series B round
Firm plans to expand into derivatives and new markets in Asia.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
US-based paytech Modern Treasury raises $38m in Series B
In 2020, Modern Treasury customers reconciled $1 billion using its platform.
Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
FinTech Futures Jobs: five awesome fintech companies founded by women
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
Zip boosts Aussie exchange to 11-month high with $56m share purchase
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
DNA Payments Group acquires Active Merchant Services
The deal brings DNA’s customer base up to around 30,000 merchants.
Ten trends set to influence the payments industry
The financial services and payments sectors have a bright future, should these trends continue to develop.
TikTok’s Chinese version Douyin adds payments app
Douyin Pay (Douyin Zhifu) has been added to the app’s options.
Corporate credit card start-up Moss raises €21 million in Series A
Moss wants to change the way companies track expenses.
PPRO reaches $1bn valuation on back of $180m venture raise
Payments infrastructure firm plans “global expansion” with new cash.
Retailer Uniqlo cuts out middlemen with own payments integration
Uniqlo Pay has partnered with Sumitomo Mitsui Banking Corp.
SME credit fintech Dinie lands dLocal deal one year into Brazil play
Dinie was founded in the UK, made in Germany, and designed for Brazil.
SWBC picks Finicity Pay to meet new ACH requirements
Account verification needs a boost under new Nacha rules.
