Levenue snaps up MidFunder to broaden financing in Switzerland
The acquisition will enable Levenue to boost the footprint of its revenue-based financing marketplace.
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Indian fintech Perfios lands $80m investment from TVG
The investment builds on Perfios’ $229 million Series D and reportedly now values the firm at over $1 billion.
France’s Request Finance acquires crypto accounting fintech Consola Finance
The purchase is set to bolster Request Finance’s platform with crypto-specific accounting functions.
Mastercard pilots new Smart Subscriptions feature in the US powered by open banking
Smart Subscriptions enables consumers to cancel, pause and resume their subscription-based payments.
PPRO looks to boost growth with new €85m capital raise
PPRO says it will use the funding to “pursue growth in key markets” and expand its payment solutions.
Nationwide Building Society selects Auriga to modernise ATM software infrastructure
Nationwide currently operates a 1,200-strong ATM network across the UK.
Bank Muamalat signs multi-year partnership with Google Cloud to boost digital transformation
The bank has tapped Google for solutions in cybersecurity, data, marketing and AI, among other areas.
Metrobank in the Philippines taps Temenos for its wealth management tech
The Temenos Wealth solution will be implemented by the vendor’s regional partner CBTW.
UK fintech Unlimit secures new PSP licence to expand into Tanzania
Tanzania marks the third African country to licence the fintech, following Nigeria and Kenya.
JP Morgan leads €36m Series B raise for Dutch start-up Eye Security
The start-up now plans to expand across Europe with a focus on the EU’s incoming NIS2 directive.
Starling Bank names Ovo chief Raman Bhatia as new group CEO
Raman Bhatia will assume the position “in early summer”, subject to regulatory approval.
Jefferson Bank in Texas taps Finastra for Payments To Go solution
Finastra’s tech will enable the bank to deliver instant payment services including FedNow and RTP.
Spain’s Amadeus looks to streamline travel payments with Voxel acquisition
Amadeus says its new purchase will “complement” its existing payments business Outpayce.
Rabobank partners French fintech Dejamobile for merchant SoftPOS solution
The partnership will enable the bank’s merchant clients to accept payments on their mobile phones.
Bank of Singapore hires former Credit Suisse exec as Greater China COO
Ronnie Cheung will lead operations and governance for the private bank’s Hong Kong branch.
UK cash deposit platform Flagstone lands £108m investment from Estancia Capital Partners
As part of its investment, Estancia Capital Partners will take a minority stake in the company.
US neobank Oxygen switches focus from banking to health in new strategy
Consumers and business users have been informed that their accounts will be closed on 29 March.
Griffin receives full UK banking licence and $24m investment to spur growth
The licence approval from the FCA and PRA ends the platform’s year-long mobilisation period.
US Federal Reserve “nowhere near recommending, let alone adopting” a CBDC, chairman tells Congress
Fed chairman Jerome Powell tells Congress that “people don’t need to worry”.
Razer Fintech and Razer Merchant Services rebranded to form standalone subsidiary Fiuu
Fiuu will now operate independently of Razer, providing payment services for businesses in Southeast Asia.
NorthWall Capital partners Broadridge for Sentry portfolio management solution
The UK-based firm will leverage Sentry to streamline and scale its credit investment operations.
Colombia’s Yuno plots expansion following $25m Series A round
The round reportedly values the Bogotá-based fintech start-up at $150 million.
Cartoon: Hold, please…
AI tech is reducing the likelihood that any of us will soon talk to a live customer support agent.
FinTech Futures: Top five news stories of the week – 8 March 2024
Our pick of the top fintech news stories this week includes Fiserv, Monzo, Virgin Money and more.
US digital bank Green Dot hires Melissa Douros as new CPO
The new CPO will head product design and team development for the Texas-based fintech.
Qonto snaps up finance automation start-up Regate to bolster accounting services
The acquisition will enable Paris-based Qonto to expand its offering to accounting firms.
FinTech Founders Video: driving change and empowering women in fintech
Founders from The Heard, ATMO Technologies and the Harrington Starr Group share their thoughts.
ICYMI fintech funding round-up: Theia Insights, Lettuce, StackOne, Synnax and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
CFPB to cap credit card late fees at $8 and increase accountability among issuers
The new limit is poised to save US consumers more than $14 billion a year.
Nick Parsons named new Calastone chief technology officer
Calastone has also hired Adam Belding as chief architect of its Digital Investments programme.
Finastra appoints Mike Stawchansky as new senior VP and CTIO
Stawchansky will be responsible for guiding the firm’s customer technology and GenAI development plans.
New York Community Bancorp secures $1bn equity boost following Q4 2023 losses
NYCB has also made several high-profile appointments to its board of directors.
Société Générale deploys iGTB’s Corporate Treasury eXchange solution
The French bank plans to leverage CTX’s real-time liquidity management capabilities.
Nationwide Building Society set for £2.9bn takeover of Virgin Money
The deal has yet to be finalised and Nationwide has until 4 April to put a final offer forward.
US neobank Dave achieves profitability over Q4 2023
In Q4 2023, the LA-based neobank generated a GAAP net income of $200,000 and EBITDA of $10 million.
Enfuce appoints new CPTO to help accelerate global expansion plans
Enfuce recently appointed Laurence Krieger as chairman of its UK board and was granted a UK EMI licence.
UK fintech Ebury reportedly in talks with banks over potential 2025 LSE debut
Sources tell Bloomberg the payment platform could list in London next year with a valuation of up to £2 billion.
Egypt’s Alexbank partners Mastercard to advance payments strategy
The partnership will focus on expanding Alexbank’s acquiring business and credit card base.
Qatar Central Bank to enable instant payments with new Fawran service
Fawran is due to launch in March and forms part of the bank’s Third Financial Sector strategy, announced last year.
Cotribute tapped by Clearwater Credit Union to streamline digital account opening and loan origination processes
The partnership will see Clearwater leverage Cotribute’s consumer and business digital account opening modules.
