Mexican B2B paytech Yaydoo acquires Oyster Financial
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
The acquisition, for an undisclosed sum, will also see Oyster CEO Vilash Poovala become Yaydoo’s new CTO.
Paul Howley joins from Yorkshire Building Society, where he was interim chief operating officer.
The syndicated debt facility was led by Silicon Valley Bank UK with six other banks also participating.
The funding will be used to boost its global market expansion plans.
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
Griffin joins from UK challenger Monzo, where she held the position of director of compliance.
The firm says the funding will be used to support its international expansion.
The bank will integrate Baffle’s Data Protection Services platform.
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
The firm will leverage Mambu’s low-code lending engine to power new financing products.
Stewart will replace current chair Gerald Gregory, who will leave the bank after nine years on the board.
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
Floryn claims it has provided more than €650 million in financing since inception.
The bank says Vaia will cut the time needed for businesses to connect with any available payment rails.
Legal & General and Lloyds will both take minority stakes in the business.
Elhedery will take on his new role from 1 January 2023, replacing Ewen Stevenson.
Customers will be able to access accounts via a mobile app, make contactless payments and track spending.
Fluro’s new CTO Jason de Carvalho joins from online supermarket Ocado.
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
Token, Tink and Yapily will now be able to offer VRP as a new payment option.
Ferris will take on the joint role of president and CEO at the firm from 1 January 2023.
Simon Lyons has left Pay.UK to join open banking company obconnect as its CSO.
The Series A round is made up of $28 million in equity and $15 million in venture debt.
Marshall replaces previous CFO and co-founder David McCarthy, who is leaving the firm for personal reasons.
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
The partnership will enable N26 customers to buy and sell almost 200 cryptocurrencies.
The bank intends to host more than 50% of its applications on Microsoft Azure.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
The partnership will leverage Vodeno’s BaaS technology and NatWest’s banking technology and UK banking licenses.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Uganda-based Housing Finance Bank will implement Flexcube from Oracle FS.
The bank’s corporate clients will now be able to pay any invoice using a Lloyds Commercial Card.
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.