Your LP is your customer, that’s important to understand
Customers want fund managers to do the work for them.
Business-to-Consumer/B2C
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
LA neobank Aspiration plants 1m trees in three months
The scheme launched in mid-April.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
Square’s $55bn valuation reaches skies of major US banks
Square is $20 billion away from matching Goldman Sachs’ market valuation.
US challenger Point lands $10.5m for debit-credit hybrid
Rewards rest on a point-based system.
Car repair loan fintech DigniFi lands $14m Series A
DigniFi also landed a hefty sum of private equity for its auto financing platform.
Newly licensed RevoluPAY taps global remittance market
The fintech landed its PSD2 licence in Spain at the end of May.
Credit Sesame’s banking service uses i2c payments platform
More than 200,000 users have opened a Sesame Cash account.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
PayPal and Venmo to “allow buys and sells of crypto directly”
It is understood the services will offer “a built-in wallet functionality” so you can store crypto.
Be Money looks to tap America’s 11m LGBT+ community
The start-up is planning to set up shop in Los Angeles.
Payfone identity verification firm lands $100m
The firm uses mobile data to create a “trust score”.
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
RBC-backed start-up Mydoh launches banking offering for kids
The app and smart card launched more than two weeks ago.
Square buys up Spanish P2P payment app Verse
Verse will join forces with Square’s Cash App.
American Express first foreign credit card player to launch in China
AmEx won initial approval in 2018 for a bank card clearing licence in China.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
Varo raises $241m Series D with new investor Gallatin Point Capital
To date, the fintech has raised $419.4 million.
Libra’s Second Wind
Some say slow progress of blockchain adoption is not just because of regulatory hurdles.
Nubank soars ahead with 25m customers
In Q1 of 2020, Nubank acquired 42,000 users each day.
Financial text message platform Stackin’ lands $12.6m
The fintech says it has more than one million subscribers in just one year.
Pacific National Bank launches digital challenger Facile with Nymbus
The bank is using Nymbus’ SmartLaunch technology.
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
Commonwealth Credit Union picks Jack Henry to automate lending
The Kentucky-based CU wants to boost its lending capabilities.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
Partnerships to drive industry forward in post-COVID world
The coronavirus pandemic has caused immediate changes to the financial services industry.
Global fintech sees worst Q1 since 2016 for VC-backed deals
The quarter saw just 404 deals and ended on $6.1 billion.
Addition Financial picks Backbase to provide customer personalisation
The Florida credit union shuns a “one-size-fits-all” approach.
IBM signs payments modernisation deal with 75 Canadian credit unions
Big Blue to outfit Canadian CUs across three provinces.
Citizens Bank taps Teslar Software to improve portfolio management
The Arkansas-based bank turned to Teslar following a recommendation from a compatriot lender.
Truist Financial selects TSYS for payments processing
Newly merged commercial bank kicks on with its tech deployment.
What the Fintech? Episode 4 | Partnerships: till death do us part
Sean Hunter CIO at OakNorth, offers his advice to companies struggling to make a partnership work.
HSBC freezes redundancy plans as COVID-19 hits $6bn overhaul
London-headquartered bank releases Q1 earnings with stark warning for Europe.
RBS unveils ‘companion card’ to help vulnerable customers during lockdown
The card has a £100 limit which can be refreshed every five days.
Lifetise launches app to assist self-employed with finance support amid COVID-19
It quickly determines the government support options available to them.
App-based payment solutions to delight merchants and their customers
The world of commerce is abuzz with the need to delight customers by providing a digitally enhanced shopping experience.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
HSBC launches mobile onboarding in mainland China
UK-headquartered bank is the first foreign lender to launch mobile onboarding in China.
Canadian financial planner Finally to launch in May
“People don’t want to tell strangers how bad they’re doing with their finances,” says founder.
