Video: Top fintech stories this week – 29 January 2021
FinTech Futures’ weekly news round-up.
FinTech Futures’ weekly news round-up.
Lending start-up plans extra growth after round led by QED Investors.
Australian superannuation firm brings investments in-house.
This isn’t its first challenger start-up foray.
US-based insurtech believes the industry is set for “explosive growth”.
The SEC is “actively monitoring” the “ongoing market volatility”.
Two-year-old Fast has enjoyed exponential growth in the last year.
In 2020, VTB launched a total of 1,280 software development teams.
Atlanta-based de novo bank deploys SilverLake in the cloud.
The card consolidation firm picked PassFort in the wake of its Series C round.
Berlin-based firm aims to help “impactful” businesses with a range of products.
“We see that there is definitely an appetite for what we’re doing,” says co-founder, Ryan Glover.
The Spac is eyeing up fintech, wealth management and gaming sectors.
The funding round was led by Pan-African early-stage venture capital firm, TLcom Capital.
The fintech calls it “an interactive graphical user interface (GUI)”.
Crown Agents Bank is a small, profitable, UK-regulated bank.
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A permanent shift to New York would be particularly damaging for London.
The former Zalando chief isn’t the only executive addition in recent months.
German wealthtech has raised €14.9 million since 2017.
The funding is a combination of equity and debt financing.
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Lithuanian firm plans availability across Europe by Q4 2021.
Former Rizq founder sets up new Islamic wallet app.
The central bank has previously been criticised over its bond purchasing.
“This smacks of opportunism,” says Kevin Hollinrake, chair of Fair Business Banking.
PayDirect claims just a 3.5% payment failure rate.
Firm plans to expand into derivatives and new markets in Asia.
The temporary outage, though “short-lived”, was severe.
US fintechs have enjoyed a wealth of VC interest since the Plaid-Visa deal hit headlines.
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
In 2020, Modern Treasury customers reconciled $1 billion using its platform.
The over-65s were most likely to embrace the technology for the first time.
It will double the engineering and product teams and expand the “self-service” element of the platform.
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Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
Former Finra execs Anthony Cavallaro and Josh Drobnyk join the fold.
President Biden’s reshuffle of regulatory top jobs continues.
Minna says the investment will be used for global expansion, “with requests from all continents”.
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.