Sweden’s Mynt plots UK expansion with €22m Series B
The round values Mynt, which reached profitability in September, at approximately €175 million.
News
Equals Group to be acquired by consortium of investors for £283m, paving way for Railsr merger
The deal will see Equals shareholders receive 140 pence per share.
Upvest raises €100m Series C for team and product expansion
Upvest previously raised a €42 million Series B in 2022.
Swedish regulator issues Klarna with administrative fine of around $46m
Sweden’s Financial Supervisory Authority says the fine is for “violating the anti-money laundering regulations”.
India’s Mintifi raises $180m in Series E funding round
With its latest funding, Mintifi’s total capital base has reached over $1 billion.
Quantix secures $500m asset-backed securitisation financing from Citi
Quantix says the financing is “among the largest provided to a UAE fintech company to date”.
Banking Technology Magazine December 2024 / January 2025 issue out now
Cover story: STAR PEOPLE – Banking Tech Awards 2024 revisited.
Santander names PayPal’s Nitin Prabhu as new head of Digital Consumer Bank
Prabhu, who worked at PayPal for over 12 years, is to join Santander “early in 2025”.
TD Bank upgrades retail card business with Backbase Engagement Banking platform
Through the collaboration, TD Bank will leverage Backbase’s Engagement Banking platform.
Banco Santander to offer on-demand wage access for Spanish SMEs through new CloudPay partnership
The Spanish banking giant has opted for its partner’s CloudPay NOW solution.
Video: Highlights from FinTech Futures’ CMO roundtable and Christmas networking party
Check out the highlights video from the event held in partnership with FinTech B2B Marketing.
What the FinTech? | S.5 Episode 23 | Simplifying core banking modernisation with SaaScada
In this podcast episode, we chat with Nelson Wootton, CEO and co-founder of SaaScada.
Crypto.com buys UAE-based brokerage Orion
Orion, based in Abu Dhabi, is Crypto.com’s fourth acquisition in three months.
Cybersecurity specialist Gen Digital acquires MoneyLion in $1bn deal
Gen says the acquisition is expected to close in the first half of its “fiscal year 2026”.
Vipps MobilePay launches Tap with Vipps in Norway as “world’s first alternative to Apple Pay on iPhone”
Debuting in Norway, the solution will expand to Denmark, Finland and Sweden next year.
LexisNexis to acquire deepfake detector IDVerse for undisclosed sum
The transaction is set to close in early 2025, with IDVerse joining LexisNexis Risk Solutions Business Services.
Ibanera launches US prepaid card programme with FIS
The cards enable multi-currency purchases through the global Visa network.
FirstOntario Credit Union modernises digital banking channels with Temenos Digital
Temenos Digital will support the credit union’s online and mobile channels for consumers and small businesses.
Bank of Bhutan in core banking tech modernisation with TCS
Bank of Bhutan will implement the TCS Bancs Global Banking Platform.
UK’s FCA hires Colin Payne as new head of innovation
Payne joins the FCA from PwC, where he served as senior director, central banking and fintech product lead.
Mexico’s Klar acquires assets of B2B payments and financing platform Tribal
The deal includes Tribal’s payment and financing solutions, business intelligence tools and risk models.
Swedish investment platform Kameo partners Neonomics for open banking payments
Kameo will utilise Neonomics’ Nello Pay solution, which launched in October.
Lithuanian fintech Paytend hires Thibault Verbiest as new chairman
Verbiest says he will “oversee the strategic direction and governance” of Paytend.
Mastercard settles collective consumer claim over UK card fees
The reported £200m settlement remains subject to the approval of the Competition Appeal Tribunal (CAT).
Demystify Podcast: Demystifying Mastercard’s quantum strategy with Steve Flinter
In this podcast episode, Dave and Dharm chat with Mastercard’s Steve Flinter about quantum computing.
Ribbon launches financial services super-app for Indian diaspora in UK with Tribe Payments
Ribbon previously tapped Tribe Payments to launch in Gibraltar earlier this year.
Reserve Bank of India pilots new MuleHunter.AI solution to help identify mule accounts
MuleHunter.AI has been developed in-house by the Reserve Bank Innovation Hub (RBIH).
Danish neobank Lunar spins out BaaS division into standalone entity named Moonrise
Lunar has so far amassed 14 partnerships since launching the division in 2023.
HSBC exec Nuno Matos to succeed Shayne Elliott as new CEO of ANZ Group
Elliott, who has served as CEO of ANZ since 2016, is set to retire on 2 July 2025.
Morgan Stanley-backed Sokin acquires Norway’s Settle for undisclosed sum
The UK-based fintech has gained Settle’s European EMI licence through the deal.
Revolut applies for New Zealand banking licence
Revolut is now in the assessment phase and says it will “collaborate closely” with the RBNZ throughout the process.
UK challenger Zopa lands £68 million in equity funding round
The funding follows Zopa’s £75 million raise in 2023.
Cartoon: Numerate
This new cartoon illustrates how the VC industry is moving towards a data-driven approach to making investments.
HSBC completes “next stage of global reorganisation”, announces numerous leadership appointments
Among the numerous senior leadership appointments, HSBC has named Lisa McGeough as new US CEO.
ICYMI fintech funding round-up: Sandbox Wealth, ThreatFabric, Centrapay, 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 – 6 December 2024
Our pick of the top fintech news stories this week includes Citi, Lumin Digital, TSB and more.
Mambu acquires French paytech Numeral for undisclosed sum
Mambu says the addition of Numeral’s tech will be key in expanding its presence in the bank payments market.
Pipe strengthens leadership team with four key appointments
Nate Wiger has been named as CTO and Claurelle Rakipovic as CPO.
Lloyds Bank expands merchant services to Paypoint UK SME network
The expanded partnership is expected to reach more than 60,000 SMEs in the UK.
MUFG offers $664m to snap up Japanese robo-advisory firm WealthNavi
MUFG initially bought a 15% stake in WealthNavi earlier this year.
