Raisin Bank acquires payments division from Bankhaus August Lenz
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
The acquisiton, for an undisclosed sum, will be headed up by Bankhaus payments veteran Mirko Siepmann.
This is the third acquisition announced by Pine Labs this year.
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
With the acquisition, Glia aims to make virtual assistants “mainstream” for financial services companies.
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
Roxe will merge with Goldenstone Acquisition and become a publicly traded company on Nasdaq.
Hokodo says it will use the funding to expand into new European markets and develop new products.
Mambu has hired a new CTO, CFO, chief revenue officer, and chief of staff.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
The round was led by Adit Venture Capital and Fasanara Capital.
Finhay says it will use the money to scale its business and recruit new talent.
KPMG says its Digital Gateway platform, in collaboration with Microsoft, is “built with the C-suite in mind”.
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
Both reviews focus on Mastercard and Visa; the pair make up 99% of debit and credit card payments in the UK.
Finzly says its tech will give Mode Eleven “full control over its payment processes”.
Fido has now raised $38m to date and intends to use the fresh capital to launch new financial products in Ghana.
Recognise says Thapa “has the vision and ability to lead the Bank’s technology strategy”.
GoCardless says: “Open banking is growing rapidly, with 64 million active users projected in Europe by 2024.”
Small businesses using Brex have until August 15 to move their funds.
ATB has migrated its retail and corporate banking business onto Temenos’ core banking system.
The data access agreement will remove the need for credential sharing, enhancing security and privacy.
It has also entered a strategic partnership with ARA Venn, a real-estate debt investment manager.
Larry Handen, senior managing director at Macquarie Capital, will also join Autobooks on its board.
Cleo will use the funds to shore up and expand its services as a global economic winter begins to bite.
The €180m deal forms part of a broader multi-year partnership in the merchant acquiring space.
He will replace José Antonio Álvarez as group CEO next year, following a transition period.
The announcement was made as part of its crowdfunding campaign with Seedrs.
Upon closing, the bank will be renamed VersaBank USA National Association.
The Bank of London says it is making a “multi-million pound” investment in Belfast.
QNB says its open banking APIs could transform the fintech landscape in Qatar.
Elisabet Pinilla will join as the new CTO, and Stephen White as the new COO.
The funds will be used for international expansion and M&A.
The acquisition of Accept will make HomeLight the largest agent-focused cash offer programme in the country.
Raswant has held roles at Standard Chartered Bank and consultancy McKinsey.
The Series B round will support the start-up’s plans to launch an ethical neobank.
As well as the layoffs the wealthtech will be “laser-focused” on core businesses investing, banking and crypto.