US-based card start-up Mercantile launches with $22m in hand
With the fresh funding, Mercantile plans to further its product development, build partnerships and expand its teams.
Cards
Video: JP Morgan at Sibos 2022 – Digital payments trends in EMEA
We chat with Sara Castellano of JP Morgan Payments about digital payments trends in the EMEA region.
Sibos 2022: Breaking new ground – banking in the metaverse
“If you’re going to be in the metaverse, it starts with a purpose,” Accenture’s Michael Abbott explains.
Uber partners Mastercard, Marqeta to launch new card offering for drivers
The Uber Pro Card will help its drivers save on fuel, fees and other associated expenses.
Automated debt payment platform Tally bags $80m Series D
The round was led by Sway Ventures with participation from Menora Mivtachim, an Israeli insurance firm.
FinTech Futures: Top five stories of the week – 30 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New “hybrid” banking app Dexy gears up for launch in the US
Founded this year and based in Miami, Florida, Dexy is currently waitlisting applicants.
Banking app for “global citizens” Bankkit launches in UK
The app offers overseas bill payment functionality and an integrated current account.
FinTech Futures: Top five stories of the week – 23 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Stash goes live with self-built core banking system Stash Core
Stash partnered with Stride Bank, Mastercard, Marqeta, Mambu and Alloy, among others, to develop Stash Core.
US consumer finance regulator to outline credit card-like BNPL protections
The CFPB will set out guidance to hem BNPL firms much closer to credit cards in terms of regulation.
Could the UK PSR’s review of card fees boost B2B credit card payments?
Businesses are foggier on the cost of their credit card payments than any other payment type.
The importance of card and mobile money interoperability in Africa
For the African fintech revolution to reach its true potential, interoperability needs to be completely borderless.
US credit card start-up Power raises $316m funding
The start-up has raised $300 million in a credit facility and $16.1 million in seed funding.
Former Citi banking veteran joins leadership team of challenger bank Zolve
Freiberg was co-chairman and CEO of Citigroup’s global consumer group for three decades.
Software management start-up Cledara lands $20m Series A
The money raised by Cledara will go towards the US expansion.
FTC orders Credit Karma to pay $3m for “misleading” consumers
Credit Karma says it disagrees with the FTC’s allegations but that it has reached an agreement.
FinTech Futures: Top five stories of the week – 9 September 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Apple Pay edges out Mastercard with more than $6tn in ATV
Only Visa now stands in the way of Apple Pay reaching the top spot globally.
Mesh Payments lands $60m in Series C funding
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
Diebold Nixdorf hires Joe Myers as executive vice president
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
Healthcare fintech start-up Nitra lands $62m seed round
The new equity will be put towards launching new products and scaling its team.
FinTech Futures: Top five stories of the week – 26 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
PayTech Awards 2022 Winners Supplement out now
Commending the most impactful, innovative and successful projects, products and people in payments.
New bank for the US military community to launch this winter – Moonbeam
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Fintech start-up Pomelo raises $70m in seed financing
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
North International Bank selects Temenos to modernise digital banking services
The Caribbean bank has gone live on Temenos Banking Cloud.
Paytech Nium appoints Ramana Satyavarapu as new CTO
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
New debit card fintech Seltz gears up for launch in the US
There are currently over 1,300 sign-ups for the debit card’s waitlist.
Marqeta founder and CEO Jason Gardner to step down
Gardner plans to take on the role of executive chairman once the firm hires his replacement.
BaaS start-up Unit partners Thread to offer embedded banking services
Unit says the collaboration with Thread will “empower more companies to offer unique banking solutions”.
CFPB investigating Goldman Sachs over credit card practices
Goldman Sachs says it is cooperating with the regulatory body.
Mexican start-up Clara lands $150m debt financing from Goldman Sachs
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
B2B paytech Plastiq to list publicly following SPAC merger
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
FinTech Futures: Top five stories of the week – 5 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
American Express launches cross-border payments solution for US SMBs
The Global Pay platform is currently available to US American Express small business card members.
Rêv acquires Global Payments’ card business Netspend in $1bn deal
The new combined entity intends to deliver “financial empowerment and product innovation”.
Mastercard appoints former HP exec Ellen Jackowski as new chief sustainability officer
Jackowski will work to “further integrate” Mastercard’s ESG strategy into the organisation.
TomoCredit bags $122m funding to expand product offerings
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
