BNPL fintech Tabby buys Saudi digital wallet start-up Tweeq
Following the acquisition, Tweeq will continue to operate as an independent entity.
News
SumUp’s Irish division makes series of senior leadership appointments
SumUp has named a new CEO and CRO of its Irish entity, SumUp Limited.
McLEAR sunsets payment ring programme
McLEAR’s RingPay programme comprises a prepaid account, a mobile app, and a payment ring.
SME-focused digital lender Validus lands $50m debt facility from HSBC
The facility will be deployed through Validus’ Indonesian subsidiary Batumbu.
New digital banking brand launched in Saudi Arabia, NEO
NEO has been launched by Saudi National Bank, with the digital front-end underpinned by Backbase.
Legal & General taps Moneyhub for new pensions dashboard
Legal & General became an investor in Moneyhub back in 2022.
Canadian fintech start-up Hardbacon closes down
Co-founder and CEO Julien Brault writes that the fintech’s operations are now suspended.
Mastercard to pilot Payment Passkey Service in India
Indian payment players taking part in the pilot include Axis Bank, Juspay, PayU, and more.
Crown Agents Bank partners Visa to power cross-border payments in emerging markets
CAB is integrating its FX network into the Visa Direct system via API.
Allica Bank grows bridging finance offering with Tuscan Capital acquisition
Tuscan Capital provides short-term property finance to investors, developers and businesses.
FinTech Futures: Top five news stories of the week – 30 August 2024
Our pick of the top fintech news stories this week includes FNZ, Stripe, Visa, and more.
ICYMI fintech funding round-up: Linker Finance, Thera, Mercately, Creattura, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
August 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from August.
UK’s Tandem Bank hires former JP Morgan exec Adi Kadle as director of engineering
The bank has also hired a new chief people officer and director of strategic growth.
August 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in August.
Singapore’s DCS Innov acquires digital wallet fintech HolyWally
DCS Innov previously tapped HolyWally to develop its InstaWally solution.
Demystify Podcast: Demystifying fintech in the Middle East and Africa with Said Murad of Global Ventures
In this podcast episode, Dave and Dharm chat with Said Murad, Senior Partner at Global Ventures.
HSBC Innovation Banking UK integrates payment and account services into Numeral platform
Joint clients will now be able to access UK Bacs, FPS, SEPA and Swift payments through Numeral.
FNZ group CEO Adrian Durham to step down
Durham is handing the reins over to former JP Morgan exec Blythe Masters.
US fintech Happy Money hires former Bank of America exec Matt Potere as new CEO
Potere takes the reins from Joe Heck, who departed Happy Money in July.
August 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in August.
Migrant-focused fintech Comun lands $21.5m Series A
The funds add to the $4.5 million seed round Comun raised in December.
New UK climate fintech Zero gears up for end-of-year launch
Zero secured seed funding in 2023 and is now pursuing additional capital through a seed extension round.
Stripe CTO David Singleton to step down after seven years to start own company
Singleton is passing the reins to deputy CTO Rahul Patil, who has been with Stripe for four years.
MoneyGram names Josh Gordon-Blake as new chief digital officer
Gordon-Blake is taking over from Seth Ross, who began the role just last April.
August 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories in August.
Australia’s MyState Bank taps Backbase for Engagement Banking platform
MyState’s new platform supports banking features including payments, PFM, and integrated fraud protection.
August 2024: Top five banking tech stories of the month
FinTech Futures takes a look back at five of the top banking tech stories of the month.
Shift bags $23m Series D funding led by Peak XV Partners
The funding round follows the completion of a $230 million Asset Backed Securitisation in May.
US fintech PrizePool reportedly winding down consumer app amid acquisition
According to an email to customers shared on Reddit, the start-up is set to close accounts on 23 September.
Shift4 acquires Canadian fintech Givex
The acquisition is anticipated to close in Q4 2024.
Revolut taps Visa Direct for cross-border business payments
Revolut Business customers can now access instant card transfers powered by Visa Direct.
August 2024: Top five new fintech launches of the month
FinTech Futures takes a look back at five of the top new fintech launches in August.
August 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over August.
Indian BNPL firm Axio lands $20m equity investment from Amazon fund
The Bengaluru-based fintech claims to have raised $137 million in equity to date.
Dutch paytech Adyen names Tom Adams as new CTO
Adams takes over from Alexander Matthey, who has served as Adyen CTO since 2021.
Video: Highlights from FinTech Futures’ Banking Tech Insights panel and networking event
Watch our highlights video from the FinTech Futures Banking Tech Insights event on 11 July.
August 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
What the FinTech? | S.5 Episode 14 | Investment trends and the future of UK fintech
In this podcast episode, we chat with Innovate Finance CEO Janine Hirt about what’s next for UK fintech under Labour.
RBI set to launch United Lending Interface to simplify access to credit for underserved borrowers
RBI governor Shri Shaktikanta Das says the ULI will launch “in due course”.
