Digital bank Wio set to launch in UAE following central bank approval
The digital bank will initially cater to the country’s SMEs, with a beta launch expected in Q1 2022.
The digital bank will initially cater to the country’s SMEs, with a beta launch expected in Q1 2022.
The neobank has been built by Cairo Amman Bank, a full-service bank in Jordan and Palestine.
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
Our weekly fintech round-up for you to get the latest funding news.
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
Dusi joins Revolut from US-based lender Happy Money, where he spent eight years.
SC Ventures says TASConnect will unlock “significant value” for organisations.
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
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Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
Malhas moves from Capital Bank of Jordan, where she was chief digital officer.
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
Revenu enables small businesses to receive quicker payments and to better manage their finances.
The UK banking giant says it has taken steps to mitigate the impact of the closures.
The transaction is expected to close in Q4 2022.
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
Flutterwave says it has become the highest-valued African start-up with this investment.
It is understood the new tech will replace the legacy Equation system from Temenos’ rival, Finastra.
Genesis’ new round of $200 million in financing was led by Tiger Global Management.
D360 becomes the third digital bank in Saudi Arabia to be licensed.
Regan moves from digital savings, pensions and investment firm Ascentric, where he was CEO.
The large-scale VAM project aims to deliver “more capability to corporates”.
ARBM plans to launch its new digital bank this year.
The Saudi Investment Bank has implemented Moneythor’s personal financial management tools.
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
Karty allows users to spend, save and manage their money.
ClearBank and 3S Money say the partnership will support SMEs as they scale across borders.
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
Mashreq Bank is Israel-based ThetaRay’s first customer in the UAE.
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HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
Ex-Tibco senior exec Erich Gerber joins Temenos as president and chief revenue officer.
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
Revolut Australia CEO says the firm is creating the “world’s first truly global financial platform”.