MICT completes acquisition of African agri-fintech firm Tingo
MICT owns “100% of the operating business and assets” of Tingo after snapping up Tingo Mobile.
Business-to-Business/B2B
Thoma Bravo to acquire Coupa Software for $8bn
Coupa says the deal is expected to close in the first half of 2023.
TreviPay to acquire fellow US paytech Apruve for undisclosed sum
With the acquisition, TreviPay plans to expand its B2B payments network.
TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
ICYMI fintech funding round-up: BondIT, Paywatch, 1fs Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
Three tips for navigating global payments as you expand internationally
Branching into new markets brings serious challenges when it comes to managing payments on a global scale.
Danish fintech Pleo hires Meri Williams as new CTO
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
JP Morgan and Mastercard team up to launch Pay-by-Bank solution
The solution is currently in the pilot stage with a rollout expected sometime in 2023.
Mexican fintech start-up Mendel bags $60m in fresh funding
Mendel will use the new funds to boost the growth of its corporate expense management platform.
MeridianLink acquires mortgage software solutions provider OpenClose
MeridianLink says the deal will enable their customers “to deliver fast, frictionless mortgage lending experiences”.
Ampla Technologies acquires B2B BNPL firm Upside Financing
Ampla says the acquisition will open up a B2B BNPL market that is worth an estimated $1 trillion.
DTCC hires new chief security officer, Nashira Spencer
Spencer most recently served as chief technology officer (CTO) at Anywhere Real Estate (formerly Realogy).
EIPP and the mobile revolution in B2B payments
The next phase in the evolution of B2B payments will be dominated by mobile technologies.
Fintechs Pleo, Chime and Chargebee cut jobs as economic uncertainty bites
The three firms join an ever-increasing list of fintechs hit by the current economic volatility and uncertainty.
Huntington National Bank selects LiquidX for trade finance infrastructure
Huntington Bank says LiquidX was the “most efficient and effective” partner to help expand its trade offering.
Zest AI lands more than $50m in growth funding round
With the new cash, Zest AI plans on increasing access to its AI-automated credit underwriting service.
Canada’s TouchBistro bags $110m in growth funding
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
Cover Genius lands $70m in Series D funding to boost growth
Funds will be put towards business growth and expanding its global insurance distribution platform, XCover.
ConnexPay secures $110m growth equity investment led by FTV Capital
The firm says the funding will be used to support its international expansion.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Fostering flexible, easy-to-use solutions for cross-border money movement
Visa B2B Connect: cross-border money movement represents a $10tn opportunity.
US fintech start-up Banyan lands $43m Series A
The Series A round is made up of $28 million in equity and $15 million in venture debt.
Video: Visa at Sibos 2022 – The evolution of B2B payments
We speak with Visa’s Darren Parslow about the shifting B2B payments landscape.
HealRWorld set to launch first UN SDG-focused corporate debit card
The debit card, launching soon, aims to reward sustainable businesses.
TripActions raises $304m Series G at $9.2bn valuation
The fundraise was a mix of $154 million in equity and $150 million in structured capital.
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.
US fintech funding round-up: OatFi, Fintor and StandardC
A handy round-up of the recent funding endeavours of fintech companies across the US.
Airwallex bags another $100m in Series E extension, valuation remains unchanged
The extension round brings Airwallex’s total funding to more than $900 million.
BankiFi partners with Axiom Bank for improved SMB offering
Through the partnership, the bank’s SMB customers will be able to “better” track and manage their finances.
MonetaGo appoints Neil Shonhard as new CEO
Shonhard will take over from co-founder and CEO Jesse Chenard, who will transition to executive chairman.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
Funding Circle forms lending partnership with Bayview Asset Management
The partnership aims to support “thousands” of UK small and medium-sized enterprises (SMEs).
Apiture partners Newtek to provide digital banking services to businesses
The Apiture Digital Banking Platform will provide business banking and account opening solutions.
Billtrust snapped up by EQT Private Equity in $1.7bn deal
The deal, set to close in Q1 2023, will see Billtrust become a private company.
Video: QuickFi at FinovateFall 2022 – The evolution of business equipment financing
We chat with QuickFi’s Bill Verhelle about the firm’s new tech developments and growth plans.
AccessFintech raises $60m in Series C funding
The Series C funding round was led by WestCap.
Payoneer appoints Assaf Ronen as its new chief platform officer
In his new role, Ronen will lead Payoneer’s newly created platform division.
