State of play: account-to-account (A2A) payments
In-depth analysis and understanding of the market landscape by our resident fintech analyst.
Business-to-Business/B2B
Stripe reaches $95bn valuation on back of fresh $600m injection
This year, Stripe will continue to pursue enterprise clients.
Banking Technology March 2021 issue out now
Creating communities: celebrating women in fintech this Women’s History Month
Goldman-backed Flywire files paperwork for IPO which could reach $3bn
Flywire has listed itself as profitable since its Series B funding round in 2013.
Chase Pay merchant integration officially winds down this month
The Chase Pay button was used by retailers such as Walmart.
Square finally launches bank after filing first application in 2017
Previously, Jack Dorsey’s fintech partnered with Celtic Bank for banking products.
It’s a matter of comms | Episode 2 | Strategy
The corporate comms strategy is the spine that would hold start-ups accountable to their investors.
Brex raising at $8bn valuation following banking licence application
Tiger Global Management is reportedly backing the round.
Subway standardises its payments over all 42,500 restaurants globally
Subway claims it is one of the first in North America to standardise payments on this scale.
US corporate card provider Brex applies for banking licence in Utah
SVB’s former chief digital officer Bruce Wallace will head up Brex Bank.
UK Black-owned challenger Atmen to launch in March
The start-up is now looking to raise £5 million from institutional investors.
B2B financial software marketplaces: the bridge to market transformation
B2B financial software marketplaces connect players across the breadth of an industry.
Stripe valuation rises to $115bn according to investors
The $115 billion figure is more than threefold its $36 billion valuation.
Marqeta files for IPO with SEC targeting $10bn valuation
The fintech’s current valuation sits at $4.3 billion.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
BNY Mellon to finance crytpo and signs Google Cloud deal
The bank cites “growing client demand for digital assets”.
US core banking vendor Nymbus lands $53m top-up led by existing backer
Nymbus is gearing up to launch “Nymbus Labs”.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Bill.com edges closer to profitability, shares up 30%
Between last October and December, revenue was up 38%, to $54 million.
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Robinhood raises $3.4bn, co-CEO set to face US politicians this month
Allegations allege Robinhood succumbed to pressure from big-paying hedge fund clients.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
Fintech trends watch 2021: checkouts, wealthtech and SCA
Our resident Gen Z’er, Ruby Hinchliffe, shares her three predictions for 2021.
Online brokers halt GameStop trades as SEC investigates
The SEC is “actively monitoring” the “ongoing market volatility”.
JOFF Fintech Acquisition Spac files for $300m IPO
The Spac is eyeing up fintech, wealth management and gaming sectors.
Berlin fintech Raisin patents Savings-as-a-Service tech in US
The fintech calls it “an interactive graphical user interface (GUI)”.
Plaid raising at $15bn as employees pitched $1,200 per share
US fintechs have enjoyed a wealth of VC interest since the Plaid-Visa deal hit headlines.
US-based paytech Modern Treasury raises $38m in Series B
In 2020, Modern Treasury customers reconciled $1 billion using its platform.
Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
Plaid launches incubator FinRise for fintech founders of colour
The incubator is looking to accept just three-to-five start-ups.
Capital One’s “wilful” AML failures land the bank a $290m penalty
Some $16 billion in reportable transactions passed through the bank’s platform.
Visa and Plaid call off $5.3bn merger after US regulatory pressure
The two had initially intended to close the deal by June 2020.
PAYMYNT Financial buys crypto e-wallet LettucePay
LettucePay operates on top of Stellar Network, an open source blockchain platform.
SoFi set to go public via merger with Palihapitiya’s fourth Spac
The IPO will value SoFi at $8.65 billion.
How FIs can reduce friction and drive value in the payments system
FIs can help clients proactively identify and respond to potential problems.
PayPal investment lands SME fintech Divvy with unicorn status
The start-up announced a $165 million Series D funding round.
