FinTech Futures: Top five news stories of the week – 20 December 2024
Our pick of the top fintech news stories this week includes FIS, Tyme Group, Affirm and more.
News
Keep your finger on the global fintech pulse with the latest news.
ICYMI fintech funding round-up: Sourcefin, Volume, Leap Financial, and Juicyway
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech Chime reportedly submits confidential filing for potential 2025 IPO
Bloomberg reports that Chime is targeting 2025 for its public debut, citing sources familiar with the matter.
Kobble debuts new embedded finance platform in Australia
Kobble operates as part of the Fincraft Group, which also comprises Yondr Money and Shouta.
SEB Embedded teams up with Enfuce and Humla to launch Hemköp Matkonto card in Sweden
The card leverages Enfuce’s cloud-based payments infrastructure and SEB Embedded’s BaaS platform.
Singapore’s Funding Societies lands $25m investment from Cool Japan Fund
Funding Societies intends to use the funding to “deepen its core business in SME financing”.
UK fintech Delio names new chair and outlines 2025 strategy
Meyerowitz Singh currently serves as an NED at Platform One and a board member of Engage Smarter AI.
The Tipton and Coseley Building Society taps Mast to power mortgage operations
The Tipton, which lent £116 million in mortgages last year, will use the platform to modernise its mortgage processes.
Zest AI lands $200m growth investment, eyes “high impact M&A opportunities”
The deal marks Insight Partners’ third and largest investment in Zest AI to date.
US embedded finance fintech Parafin secures $100m in Series C funding round
Parafin’s $100 million Series C was raised at a $750 million valuation.
Mambu names Ivneet Kaur as new chief product and technology officer
Kaur joins Mambu from SterlingCheck, where she served as EVP and chief information and technology officer.
Morgan Stanley taps Wise for corporate cross-border settlements
Morgan Stanley can now offer its corporate clients instant cross-border settlements through Wise Platform.
Webinar | 11 February 2025 | Real-time payment processing: beyond traditional banking
Join us for an insightful session on how enterprises can revolutionise their global payment operations.
Chorley Building Society in front-to-back office tech overhaul with TCS
Chorley Building Society will implement the TCS Bancs core banking system.
Swedish neobank Northmill appoints Emil Folkesson as new CFO
Folkesson’s appointment follows the hiring of Julie Chatterjee as CEO in October.
The What the FinTech? podcast | Season five’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
What the FinTech? | S.5 Episode 24 | 2024 in review and predictions for 2025
Guests Dave Wallace and Dharmesh Mistry take a look back over the year in fintech and discuss what 2025 might bring.
UK fintech BVNK secures $50m in Series B funding round
BVNK previously raised $40 million in a Series A round in 2022.
Neonomics files complaint to Norway’s competition authority over alleged “anti-competitive practices” in country’s payments market
Neonomics says it is calling on the Norwegian Competition Authority to “conduct a thorough investigation”.
AHAM Capital taps Temenos for Multifonds Global Accounting solution
AHAM Capital will utilise Temenos’ tech to modernise its fund accounting platform.
US fintech Current bags $200m in fresh funding
The company says the new funding will help “accelerate growth and fast-track profitability in 2025”.
Tyme Group achieves unicorn status with $250m Series D led by Nubank
Brazilian challenger Nubank contributed $150 million to the funding round.
Canadian fintech Paystone acquires Ackroo for $21m
Based in Ontario, Paystone provides services for loyalty programmes, payment processing, and gift cards.
Demystify Podcast: Demystifying the evolution of Monument with Steve Britain
In this podcast episode, Dave and Dharm chat with Steve Britain, CEO of Monument Technology.
TBC Uzbekistan introduces country’s first fully digital SME banking solution
TBC Uzbekistan has also recently launched its first credit card, the Osmon Card.
Finova names Paraag Davé as CEO and Rowan Clayton as new CPO
Finova was acquired by Bain Capital Tech Opportunities (BCTO) in August.
US BNPL fintech Affirm secures $4bn capital partnership with Sixth Street
The deal is the largest capital commitment Affirm has secured to date.
Video: Highlights from the Banking Tech Awards 2024
The Banking Tech Awards celebrated its 25th edition on 4 December at the Royal Lancaster Hotel in London.
FIS reportedly set to acquire UK-based fintech Demica for around $300m
Sky News reports that an official announcement on the deal is expected in the coming days.
Stenn Assets UK Limited and Stenn International Limited enter administration
The two units of Stenn Technologies entered administration on 4 December.
US TaaS provider Gigs lands $73m Series B led by Ribbit Capital
The company says it will use the capital injection to “expand its geographical footprint”.
Jiko raises $29m Series C, announces new board additions and advisory committee
The funding follows a $40 million Series B led by Red River West in 2022.
Aussie paytech Fat Zebra acquires Pin Payments for undisclosed sum
This deal marks Fat Zebra’s second acquisition of 2024 after buying Adatree in February.
First Abu Dhabi Bank taps Broadridge to build out securities finance business
The bank has selected Broadridge’s Securities Finance and Collateral Management solution.
ICYMI fintech funding round-up: Brighty, Just, Finny, Prosper, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 13 December 2024
Our pick of the top fintech news stories this week includes Upbound, MoneyLion, Lunar and more.
US financial health fintech Brigit acquired by Upbound Group in deal worth up to $460m
Founders Zuben Mathews and Hamel Kothari will continue to lead the company as a “business segment” of Upbound.
Shift4 buys UK paytech Card Industry Professionals
The deal adds to Shift4’s growing list of acquisitions this year.
Habib Bank AG Zurich selects nCino platform to power UK buy-to-let lending business
HBZ UK will deploy nCino’s Cloud Banking platform as part of the partnership.
Members Development Company appoints NCR’s Ned Tobey as new CEO
Tobey will succeed the position from Jeff Kline, effective January 2025.
