Paytech Verrency raises $6.9m in funding
The Aussie fintech will use the funds to fuel the company’s international reach.
News
H&R Block acquires Wave Financial for $398m
It follows Wave’s recent acquisition of Every.
CloudBees acquires Rollout to ease feature deployment
Targeting the continuous integration/continuous delivery (CI/CD) market.
SME payments firm SpotOn to build on growth with $40m funding
The fintech has grown by more than 400% in 12 months.
KnowBe4 reaches $1bn valuation with latest investment round
The cybersecurity firm has raised a further $300 million.
ABN AMRO invests in Israeli data analytics firm Thetaray
The financial details of the deal have not been disclosed.
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
Immedis secures €25m for payroll and tax tech
The Irish paytech will create over 200 new jobs in the next 18 months.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
Alipay and six European mobile wallets collaborate on digital payments
Users can use QR code payments with their home apps in ten European countries.
Sparrow’s options trading platform takes flight
Trade options will be settled by smart contract.
UniCredit enhances invoicing service with FinDynamic partnership
The fintech offers ‘dynamic discounting’.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
ABX wins approval for crypto asset exchange and custodian
The exchange has its eyes set on bridging the gap between the MENA region and the rest of the world.
Paysend secures $4.2m crowdfunding for global expansion
The round hit its target in less than 72 hours.
World Bank picks Murex for treasury
It is understood to be replacing Finastra’s treasury system.
HSBC seeks AI prowess with Element AI partnership
The bank is also looking out for more partnerships to push AI capabilities.
FCA tackles overdraft rules on new consultation paper
It proposes more transparency for better customer experience.
New Indian challenger Payzello launches
The fintech doesn’t have a banking licence – yet.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Alogent acquires FinanceGenius software
The suite has been re-branded as Origins.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Banking Technology June 2019 issue out now
Beyond human. Dreaming of a fintech tomorrow.
FinMechanics eyes European expansion with Amsterdam office
FinMechanics is seeking additional implementation partners and initial Europe-based sites.
CSSF warns UK fintechs about onsite visits
As part of its Brexit preparations, UK fintechs and payment services must also prepare for visits from the CSSF.
DPO Group launches Africa’s first B2B virtual and prepaid payment card
DumaCard gives businesses in Africa access to new markets by enabling cross-border online payments.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
JP Morgan folds smartphone bank account one year after launch
Finn accounts, aimed at millennials, will be moved to the Chase mobile app.
Tech Nation opens applications for fintech leadership programme
Designed for leaders of UK’s most promising scale-ups.
BanQu closes extension on $2.6m Series A
The amount of the extension remains undisclosed.
Delio to provide start-up funding platform for Fintech Alliance
Companies and investors will be able to connect directly.
Appital launches new trading fintech
Its platform will accelerate trades, strip out costs and provide transparency for buyers and sellers.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
SimCorp acquires AIM Software for €60m for data management boost
The Danish investech will include AIM’s solution to its portfolio.
Money20/20 Europe 2019 – Day 3, specialisation and invisible banking
We chat with Temenos about the problems plaguing modern-day banking.
Credit Agricole plans €15bn tech investment in four years
“100% of emerging technologies” will be tested for new services.
Visa forms strategic partnership with Western Union
The new collaboration will modernise global money movements for expedited cross-border money transfers.
Amaiz launches brand new banking app for entrepreneurs
It aims to release customers from time-consuming admin and paperwork.
Getsafe raises €15m for AI-driven insurance
The German mobile insurtech is looking to double its team and expand in the UK.
Enterprise cloud platform Liveoak closes $8m Series A round
The investment will fund product development and global expansion.
