US start-up Parafin lands $125m warehouse facility from SVB and Trinity Capital
Parafin previously raised $60 million in a Series B funding round led by Singapore’s GIC in 2022.
Parafin previously raised $60 million in a Series B funding round led by Singapore’s GIC in 2022.
The acquisition is expected to close by the third quarter of 2024.
The UK-based challenger will make its Mexican debut with money transfer services.
Sanz will succeed Enrique Sacau, who has served in the position since 2020.
The CLI platform has gained a new CFO, COO, CRO and VP of product in two months.
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
The bank is delivering the cards using Corserv’s account issuer programme.
The testing will begin on 13 May this year, with the aim to explore several potential use cases.
The bank says its latest offering will be launched fully “in the coming weeks”.
The deal is expected to be finalised within the next 12 months.
The all-cash deal is expected to close in the second half of 2024.
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Linedata says the purchase will extend its reach to the “critical sectors” of asset management, insurance and credit.
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
Bunce brings more than 30 years of experience in forex and online securities trading to his new role.
US-based Arroweye will support BankPro’s card programme with its on-demand production model.
Americans spent nearly $57bn on gaming hardware, software, and in-game transactions in 2023.
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
The challenger’s offering combines both digital Islamic banking services and physical community centres.
The $7.3 billion raised this quarter marks the lowest figure recorded since the pandemic began in 2020.
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The approval by the Saudi Central Bank will see the company transition from STC Pay to STC Bank.
The offering will make its debut initially on the XRPL and Ethereum blockchains with ERC20 token standards.
Three fintech founders discuss how companies can attract and retain the industry’s top female talent.
Our pick of the top fintech news stories this week includes Nuvei, Westpac, iCapital and more.
The round was led by UK-based LeapFrog Investments and supported by Aavishkaar Capital.
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
The bank will have access to the vendor’s network of over 950 API-integrated, third-party fintechs.
Zand’s CEO claims the move will enable “seamless deployment of digital assets, AI, and blockchain technologies.”
The company plans to use the new cash injection to fuel its US expansion plans.
TD hopes the partnership will help streamline the development and deployment of new products and services.
Project Agorá will see seven central banks work in partnership with several private sector participants.
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
The Swedish start-up says the financing will “immediately” be made available to fintech lenders through its platform.
The arrangement will see the bank leverage the Zurich-based start-up’s SaaS solution Amiko.
Bres rejoins Tradeshift following a two-year stint at commission management platform Spiff.
The OHB offers government-subsidised housing loans to low and middle income groups.
Banking-as-a-Service and Risk-as-a-Service have been cited as two “potential areas of collaboration”.
Peters brings over 20 years of experience leading and scaling global payments companies.