Denmark’s Mazepay receives pan-European payments license to streamline B2B purchases
The license will enable Mazepay to handle transactions on behalf of companies.
The license will enable Mazepay to handle transactions on behalf of companies.
RBI had imposed a ban on Mastercard in July 2021 for non-compliance.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Revolut says it will make use of Salesforce technology to power Revolut Business operations.
Imagen is Rewire’s first acquisition and will enable it to provide prepaid debit cards in Israel.
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.
The fresh capital will be used to develop and accelerate the overall digitisation of the US banking industry.
deadmau5 will join Zytara’s advisory board “to help enhance the creative direction for Zytara moving forward”.
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
Founded in May this year, Chippit calls itself a “social banking app”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
EDIGard is headquartered in Norway and operates across Sweden, Denmark, Finland, UK and Germany.
Given the rising interest rate environment, liquidity optimisation is a high priority, Finteum says.
The move has been a strategic decision made in response to multiple factors including Brexit.
CBA positions Unloan as “a revolutionary force in the Australian mortgage industry”.
Iceflow creator Graham Denyer will join MDX Technology as CTO.
Temenos’ front-to-back office technology will be delivered in the cloud.
Celsius says the pause is designed to put the firm in a “better position” to honour its withdrawal obligations in the future.
With the additional funding, the total Series C funding round stands at $200 million.
Earlier as CFO of Kabbage, Bhambani helped lead its acquisition and integration within American Express.
The new funding brings Flip’s total Series B round to over $100 million.
Nuula provides financial products and services to small business owners.
Airbank raises $20m in a Series A funding round led by Molten Ventures.
“At the heart of the partnership is the delivery of a digital decisioning platform,” Trade Ledger says.
The projects will aim to improve efficiency, customer experience, cybersecurity and other areas.
The total funding raised by Allica Bank now stands at £285 million.
Nexi is selling its tech businesses that are powering MTS and Euronext Securities Milan to Euronext.
The acquisition is “set to revolutionise both the wealth and mortgage technology markets”, the firms say.
Yapily has named Noam Oren its new CTO as it plans European expansion.
Bitbull Capital invested in Jewel Bank’s Series A round in 2022.
The rounds were led by Emigrant Bank and 8VC with participation from other investors.
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
Curve and Gemini lay off employees, while Citi plans on hiring 4,000 techies.
We.trade claims to be “the world’s first enterprise-grade blockchain-enabled trade finance platform”.
Mark Watson brings over 26 years of tech experience into his new role as CTO.
Neotrade provides financing for SMEs using an AI-based scoring system.
Fluid Finance offers “the world’s first bank alternative linked to your Web3 wallet”.
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
The facility is live on select e-commerce websites and the firms say will be made available at retail stores soon.
With this acquisition, Razer Fintech says it marks its further expansion into Indonesia.