Fintech funding deals globally 26 April – 2 May 2021
Featuring Brex, Paxos, Vena, Greenlight, and Current.
Banking
Stop running out of cash
With the right approach and clever outsourcing, cash management becomes a success for FIs.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
Meet Jake: Gen Z crypto enthusiast
Gen Z is already forming an opinion about banks that is not favourable. Have the banks lost the battle for Gen Z?
State Street hires Aman Thind as new global chief architect
Aman Thind will drive the US bank’s technology transformation.
Nymbus lands $20m from Vystar Credit Union for new CUSO
Core banking vendor’s new project wastes no time in landing funding.
Video: fintech news pick of the week – HSBC, 11Onze, UK fintech funding & more
A top pick of stories from the world of finance and tech in video format, weekly.
Spoil the magic: machine learning in fintech
Nothing in your business should be magic, it’s just nice if it looks like magic to outsiders. We’re talking about machines here.
Greenlight, Step and Current land “kids banking” industry collective $580m
Greenlight, Current, and Step all began with basic card-based offerings.
The edge: the bridge between banks and their customers
Banking is predicted to see the biggest impact of edge computing.
Brex closes $424m Tiger Global-led round at $7.4bn valuation
“We have all types of businesses now signing up for Brex,” says co-CEO.
Locality Bank picks Nymbus to power new digital-first community bank
The neobank in Florida is launched in response to the “rallying cries” of small businesses.
BMO Harris Bank teams with Hope Trust to trial services for special needs clients
Hope Trust is a tech-based planning service and trust administration platform.
What the Fintech? | S.2 Episode 9 | Keeping up with the Coredashians
EngKok Chong, chief digital officer at Infopro, joins us on this latest episode of the What the Fintech? podcast.
ICYMI funding round-up: Percent, Till Financial, Plooto, Nelo & more
More weekly funding deals which may have flown under your radar.
Meet Leo: Gen Alpha
Leo is ahead of many banks when it comes to cloud technology.
Banking-as-a-Service: who is it for?
BaaS goes well beyond classic outsourcing models like ITO and BPO.
Webinar: Digital identity verification – reducing friction in online account opening
Hear industry experts discuss digital identity verification and the secret to digital account opening success.
Video: fintech news pick of the week – Santander, Starling & more
A top pick of stories from the world of finance and tech in video format, weekly.
Square goes on hiring spree ahead of new banking product launches
Square is “building a suite of new financial products”.
MVB Bank snaps up majority stake in Indianapolis fintech Trabian
The value of the stake remains undisclosed.
Welcome Tech raises $35m in Series B funding round
The money will go towards expanding Welcome Tech’s portfolio of financial services.
Nymbus lands $15m fresh investment from Financial Services Capital
Core banking vendor has now landed $31 million from the investor.
Why banks need to embrace the new normal
The banking industry’s definition of normal hasn’t been normal for a majority of customers for years.
Routable raises $30m in Series B funding to boost B2B payments
Seattle fintech nabs bumper round from a handful of angel investors.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
ICYMI funding round-up: Cardlay, Revix, Numidia, Payable & more
A round-up of the funding you may have missed this week.
LA fintech Ensemble is helping divorced parents navigate their kids’ finances
App features range from organising one-off expenses, to saving for college tuition.
Blockchain firm ConSensys raises $65m from major banks
ConSensys raises cash following company restructure.
Federal Reserve chair says cyber risk a greater threat than another financial crash
Cyber-attacks are a “big part of the threat picture in today’s world”.
Fair CMO Toni Harrison: Oppressors can’t be the underbanked’s saviours
Instead of shrinking, the racial wealth gap has only continued to swell and expand.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
Keep the change: how fintech is blurring the line between transaction and payment
As payments become more frictionless, how can banks cultivate and maintain customer loyalty?
ICYMI funding round-up: FinanZero, Hala, Spoko, Cornerstone & more
Another week and another slew of funding rounds.
Real connections in a virtual world: Dock Digital
Interview with FinTech Futures’ Tanya Andreasyan about Dock, the unique roundtable experience.
Acorns bags second acquisition of 2021 with AI start-up Pillar
Pillar helps students manage loan debt.
Nomura hires former Barclays exec Jain as new CIO
Jain spent 13 years at Barclays, leaving as CTO in 2019.
What the Fintech? | S.2 Episode 8 | Bank branches amid COVID-19
Leena Iyar, chief branding officer at Moxtra, joins us on this latest episode.
Plaid announces $425m Series D with three new investors
“Mobile banking is no longer the realm of start-ups”.
Banking Technology April 2021 issue out now
Soaring to new heights: a record-breaking first quarter of M&A activity.
