BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
The LA-based fintech says it will use the facility to attract and retain more customers.
The LA-based fintech says it will use the facility to attract and retain more customers.
Campbell is due to depart the company this quarter to take “some personal time out”.
Following a reported net profit of €53.1 million in 2023, Bunq has now applied for a UK EMI licence.
The PRA says the fine is the second-largest issued by the regulator to date.
TBOM will tap i2c to enable its fintech clients to build “unique configurations of digital-first financial services”.
The acquisition will see GFT take on all of Sophos’ partners and 1,700 of its employees.
Ardshinbank will also integrate the vendor’s tech to strengthen its retail mobile app.
The group says it will also be introducing over 830 new roles within its relationship growth team.
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
The bank will utilise the vendor’s core agnostic enterprise dashboard and analytics platform, KlariVis Advantage.
Mondu’s credit facility with VVRB now stands at €50 million following an earlier deal in 2022.
Driscoll has also previously held senior positions at Goldman Sachs and Credit Suisse.
Les Echos reports the bank is approaching potential buyers for Shine four years after acquiring the company.
HM Treasury and the BoE have responded to a public consultation initially launched last February.
Our pick of the top fintech news stories this week includes Abrdn, Kashable, Synchrony and more.
Bilt Rewards was previously valued at $1.5 billion following a $150 million funding round back in 2022.
The bank will also utilise Azentio’s financial crime management and anti-money laundering (AML) system.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
The fintech’s takeover of Abaka comes only four months after it also acquired US CUSO Connect FSS.
BillingPlatform previously raised $10 million in a Series B round back in 2019.
The cuts are expected to impact group functions and support services across its middle management.
Chin previously served as CEO of Broadway Technology prior to its acquisition by Bloomberg last October.
The London-headquartered firm has tasked its new CEO with leading its next period of growth.
The largest credit union in the US will leverage four different Oracle solutions to boost automation and efficiency.
The fintech last raised $4.5 million through a seed round in February 2023.
The cuts are part of an organisational restructure, with founder Pedro Franceschi saying the firm grew too quickly.
The Tampa-headquartered credit union claims to operate 70,000 surcharge-free ATMs across the US.
Evolution 2100 plans to provide a suite of financial services for underserved communities and businesses.
Informatica says the solution provides an “enterprise-wide, 360-degree view of customers”.
The EBA says it is accepting comments on the proposals via its consultation website until 18 April 2024.
Californian venture capital firms Revolution Ventures and Moneta Ventures led the round.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
The Dutch paytech is looking to expand its presence and break into the neighbouring market of Germany.
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
The deal will see the fintech take ownership of Nest Wealth’s digital wealth solutions and client portfolio.
The bank will utilise Oracle’s core banking, payments, trade finance, treasury and corporate lending applications.
Aibidia says Grabellus will be tasked with globalising its product suite for cross-border business management.
The Boston-based engagement platform says it is looking to double its staff headcount by the end of the year.
Interpath Advisory has been instated as provisional liquidator for PCSIL.