Digital challenger Minna Bank to launch in Japan by May
Minna will offer both consumer-facing and white labelled products.
Minna will offer both consumer-facing and white labelled products.
The firm recently accrued a $100m debt facility from SVB.
This year alone has birthed eight lawsuits against US Spac deals.
The blank-check firm has already sold 41.5 million shares at €10 each.
It is expected to close by the end of Q2 2021.
FinTech Futures’ weekly news round-up.
Plenty of deals this week to be summarised by FinTech Futures.
Backers include JP Morgan Chase, Citi, and Bank of America.
PPRO says it doubled its transaction volumes over 2020.
Airwallex is currently expanding into Asia, the UK, and – most recently – the US.
Instant credit will range from $500 to $1,500.
The bank says all 840 affected staff will be offered new roles.
UK regulator to provide greater help to those willing to come forward.
Risk management firm lands its largest round so far.
The CMA said the deal would “reduce competition and innovation”.
Tickstar already serves Xero customers across Australia, New Zealand, and Singapore.
“This acquisition allows us to offer expert advisory coverage”.
Estonian bank aims to optimise its liquidity and manage risk.
KreditBee’s fresh funding also saw the exit of Finnov’s Chinese investors.
BianRosa will lead all product teams for the challenger globally.
Nets is providing card management and processing services for the new app.
Maguire takes up a position as an advisory board member at the firm.
Firm lands “largest funding round” of the digital identity space.
“We’re taking the toolkit approach of the challengers,” HSBC lead tells FinTech Futures.
The bank says it picked KeyStone as the heart of a new technological change.
The neobank aims to target the SME sector in Europe.
The round was led by IAG Silverstripe and featured existing investors.
SEB to deploy Google services across wider segments of the bank.
This week’s #itsamatterofcomms vlog features Dave Wallace, founder of NMD+.
Cost benefits, getting more value from data, protecting card data, and managing other sensitive data.
Revolut’s US operations are led by banking veteran Ron Oliviera.
Customers have been waiting years for European expansion.
The fintech focuses on those disproportionately affected by insufficient credit histories.
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
Visa’s hold on the debit market in the US under investigation.
The fintech lender’s total assets now sit at £3.1 billion.
Saudi Arabian bank goes live on new version of Finastra platform.
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
Neobank nabs more funding just four months after last round.
UK firm has raised $218 million to date.