Financial “cockpit” for SMEs Ageras raises €30m
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
Europe
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
TSB and BankiFi team up to launch Revenu app for small businesses
Revenu enables small businesses to receive quicker payments and to better manage their finances.
NatWest and RBS to shutter 32 branches in England and Wales
The UK banking giant says it has taken steps to mitigate the impact of the closures.
UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
Rob Regan joins Hodge as new COO
Regan moves from digital savings, pensions and investment firm Ascentric, where he was CEO.
Barclays and Oracle FS team up for virtual account management project
The large-scale VAM project aims to deliver “more capability to corporates”.
Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
UK challenger 3S Money partners ClearBank to offer multi-currency accounts
ClearBank and 3S Money say the partnership will support SMEs as they scale across borders.
Round and round: how circular economy fintechs are aiming to save the planet
Twig CEO Geri Cupi thinks the circular economy is now at a tipping point in terms of mainstream acceptance.
Banking tech vendor Thought Machine receives £40m investment from Intesa Sanpaolo
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
The evolution of institutions: how to make banks competitive in a digital landscape
As technology has given us greater flexibility in other areas of our lives, we want those benefits from our banks too.
UK alternative lender ThinCats secures additional £100m funding to support SMEs
ThinCats now has “£650m currently available to deploy in support of businesses across the UK”.
Danish neobank Lunar welcomes new investor – Hollywood actor Will Ferrell
Actor “excited to take part in Lunar’s mission to give people more power from their money”.
French BNPL fintech Alma raises €210m Series C to support European expansion
To date, Alma has raised €180m in equity and more than €100m in debt financing.
UK fintechs conduct blockchain settlement test with NatWest and Santander
Fnality, Nivaura and Adhara teamed up with NatWest and Santander for the proof-of-concept pilot.
Danske Bank taps SunTec for fee and billing management upgrade
“SunTec is providing a platform that supports our product roadmap,” says Danske Bank.
Paysera appoints new CEO, awaits banking licence
Gintautas Mezetis is Paysera’s new CEO as it plots a move into the banking business.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Suffolk Building Society signs for TruNarrative’s regtech
TruNarrative’s technology will digitise mortgage customer onboarding and help prevent financial crime.
Online brokerage ThinkMarkets secures $30m investment to support growth
The trading platform has headquarters in London and Melbourne.
Revenue-based financing platform Silvr lands €130m Series A
Silvr intends to hire 100 people across its sales, marketing, product and tech teams.
GoCardless joins unicorn club with $312m Series G funding
The direct bank payment solution provider is now valued at $2.1 billion.
Intesa Sanpaolo partners Thought Machine for new digital bank offering
The new digital bank will cater to the 4 million Intesa Sanpaolo customers already utilising digital-first services.
Germany’s Vivid Money raises €100m Series C to turbocharge super-app plans
Vivid Money doubles its valuation in less than a year to €775m.
Fintech for migrants Rewire lands $25m investment
The investment will be used to bring insurance products to Rewire’s 600,000 users.
TripActions continues European push with Comtravo acquisition
TripActions says it has invested more than $400 million across the UK and Europe in less than a year.
New sustainable investing app Etcho set to launch in UK
Etcho wants to “empower everyone and anyone” to be able to invest their money sustainably.
UK fintech Selina Finance raises $150m in Series B funding round
The funding is made up of $35m in equity and $115m in debt to fund further expansion.
Open Banking Implementation Entity appoints first CEO
Henk Van Hulle joins from the Post Office “to provide strategic, financial, and operational leadership”.
Irish fintech start-up Wayflyer hits unicorn status with $150m Series B
The Dublin-based fintech is now worth $1.6 billion, making it Ireland’s sixth unicorn.
Temenos lands new wins in Slovakia and Iraq
Temenos has signed Tatra banka in Slovakia and ZainCash in Iraq.
Nationwide partners ID fintech Jumio for customer onboarding upgrade
Jumio leverages AI, biometrics, machine learning, liveness detection and automation to verify identity.
Moneyfarm turns to investment giant M&G for £44.1m Series D funding round
Also, M&G use Moneyfarm’s technology to create its own branded proposition.
Crypto paytech BCB Group acquires software firm LAB577, gains new CTO and COO
LAB577 founder Richard Crook and Farzad Pezeshkpour join BCB Group as COO and CTO, respectively.
Worldline plans to expand workforce by 25% with 5,000 new hires
Hires form part of strategy to become go-to paytech in Europe’s payments ecosystem.
UK mortgage lender Generation Home lands £1bn debt financing to expand first-time buyer offering
Start-up says the new funding will help “over 4,000 more families” buy their first home.
