Ximedes acquires fellow Dutch fintech Ginger for European expansion
Ximedes, a Dutch software firm, has acquired Ginger, an Amsterdam-based online payment platform provider.
Europe
New super-app Rauva aims to fill Mediterranean online banking gap
Rauva plans to launch its app in early 2023, initially in Spain and Portugal.
UK money app Ziglu taps ClearBank for virtual bank accounts
The clearing bank will power Ziglu’s real-time processing and reporting for its GBP virtual accounts.
Money 20/20 Europe: Mode CEO Rita Liu on crypto adoption and regulation
Education and regulatory clarity are key to mass adoption of crypto, Mode CEO Rita Liu says.
Meet B4B Payments and Banking Circle at Money20/20 Europe in Amsterdam!
Introducing a top provider of issuing and payment solutions with full value chain-coverage and scalability.
German neobank Nuri becomes latest firm to announce layoffs
The challenger bank laid off 45 of its employees last month.
FinTech Futures Jobs: Three of the best UK tech hubs outside of London
Find your next fintech career move on the FinTech Futures job board today.
A2A paytech Trustly buys open banking platform Ecospend
Trustly is aiming to boost its footprint in the UK market, which it says “presents a dynamic ecosystem”.
Europe fintech funding round-up: Merge, Kapaga, Beanstalk and more
Our weekly fintech round-up for you to get the latest funding news from across Europe.
Mollie partners Plaid to boost onboarding for merchants
Mollie says the partnership will make it “easier and faster” to start receiving payments and open online stores.
Barclays to shutter 27 more branches, taking its total to 103 branch closures for the year
As customers increasingly bank digitally, Barclays is “carefully reducing” the number of underused branches.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Stephen Lancaster appointed CEO at GB Bank
Lancaster will be responsible for leading GB Bank as it gears up for launch in Q3 2022.
Neobank Kroo lands £26m in Series B funding round
Kroo says it will use the funding to further its growth and development.
Dutch fintech Mollie hires Koen Köppen as new CTO to boost tech innovation
Prior to Mollie, Köppen spent over a decade at Klarna.
Former Mastercard EVP Kush Saxena appointed as new CEO of PagoNxt Merchant Solutions
Kush Saxena will step into his new role in mid-June.
UK payments platform xpate launches core banking system
Xpate says legacy IT platforms threaten the efficiency and profitability of merchants and acquirers.
Sentinels tapped by Dutch neobank Brand New Day to scale its AML controls
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
Credit Agricole Bank Polska launches new app with Efigence
The app will be developed further with new services being added on to it in due course.
Commodity hedging platform Stable secures $60m Series B
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
German B2B BNPL firm Mondu lands $43m in Series A round
The company has raised $57 million in total funding to date.
Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
Mambu partners Brim Financial for new digital banking offering
Through the partnership, the firms will deliver a new digital banking platform in North America.
Revenue-based lender Bloom bags £300m Series A
The funding will be used to scale its business in Europe and the US.
UK start-up Alpher selects WealthKernel to power its female-first investment platform
WealthKernel will assist Alpher with its core investing infrastructure.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
Swiss fintech ZoodPay acquires Pakistan’s Tez Financial Services
ZoodPay enters Pakistan as a new player in its growing digital lending and fintech space.
NatWest partners Microsoft and Accenture for customer engagement platform
The new platform will integrate all of NatWest’s front office legacy systems.
Moneybase partners Compass Plus Technologies for new app and cards
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
UK’s Previse raises $18m in Series B round
The round was led by Tencent with participation from existing investors.
BNPL giant Klarna to cut 10% of workforce amid “tumultuous year”
Klarna CEO says he remains “relentlessly optimistic” about the firm’s future.
Payments network TransferMate hits unicorn status after $70m funding
TransferMate will use the funding to expand its teams globally and develop its technology and product offering.
Creditspring raises £48m to improve financial stability across UK
The latest funding round takes Creditspring’s total funds raised to date to £70 million.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
Solarisbank appoints new CIO, CTO dual leadership team as firm scales
Solarisbank says the close-knit dual leadership will “master the challenges of a growing tech organisation”.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
MarketFinance raises debt financing from Deutsche Bank
The company says the funds will be used to provide up to £100 million in lending to UK SMEs.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
