US paytech Flywire enters UK education market with WPM acquisition
The acquisition will build on Flywire’s existing education payments business.
Europe
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Global paytech PPRO hires e-commerce tech veteran Bernie Miles as CTO
Miles will lead a global team based across Europe, South America and Asia.
Zopa shutters P2P retail investment business to focus on banking offering
Zopa CEO says erosion of consumer trust and regulatory burdens are to blame.
NatWest hit with £264.8m fine from FCA for money laundering failures
The fine includes a 33% discount thanks to the bank’s early guilty plea.
Nuvei partners Visa to launch branded crypto debit cards across Europe
The programme plays “a vital role in expanding the crypto ecosystem”, Nuvei CEO says.
Collateral analytics platform Cassini secures $20.5m financing round
“With this latest investment, we look forward to deepening and expanding our solutions,” CEO says.
UK SME lender OakNorth acquires cashflow forecasting solution Fluidly
Since its launch in September 2015, OakNorth Bank has lent over £6.5 billion to SMEs.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
Curve appoints new CTO, Eric Molitor
Molitor replaces Matt Collinge, who left Curve after almost four years.
CBI: Collaborative open finance ecosystems for a market success story
80% of the Italian banking market (around 300 PSPs) has adopted CBI Globe to meet the requirements of the PSD2.
Mambu valued at €4.9bn after bumper €235m Series E round
The round is the largest private fundraise for a banking software platform to date.
B2B spend management platform Pleo adds $200m to Series C funding round
The new funds will facilitate the company’s “massive roll-out across Europe” in 2022.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
Payroll start-up Pento raises $35m in Series B
The Series B was co-led by new investor Tiger Global and existing investor Avid Ventures.
Paytech Recharge.com hires David Lindheimer as CPTO
The appointment will bolster the paytech’s global expansion plans, CEO says.
Dutch digital bank Bunq partners with Tulp to offer mortgages
Challenger says it will become “the first European digital bank to start offering mortgages”.
Nordic bank SEB to automate billing ops globally with SunTec
SunTec’s Xelerate platform will digitise SEB’s sales process globally.
Battle for crypto supremacy like tortoise and hare fable, says Hyphe CEO
With regulation comes legitimacy, clearing the way for traditional FIs to offer digital currencies to their clients.
Financial services app Lydia hits unicorn status with latest funding
Paris-based Lydia has raised over $100 million in new funding.
Brewin Dolphin goes live with Avaloq’s core banking system
One of the UK’s largest wealth managers has gone live with new SaaS-based core.
Accounting software firm Tipalti hits $8.3bn valuation with $270m Series F round
Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
APIs, open banking and the changing face of financial services
The pandemic played a substantial role in boosting the adoption of open banking and APIs.
TripActions partners with Stripe for European launch
TripActions is an all-in-one travel, corporate card, and expense management solution.
Digital wealth manager Wealthsimple exits UK
All eligible accounts will be transferred to Moneyfarm in January.
Temenos lands core deal in Gibraltar with Trusted Novus Bank
The bank will implement Temenos Transact and Temenos Infinity, delivered on a cloud basis.
Start-up Quantile acquired by London Stock Exchange Group
LSEG will pay a maximum aggregate consideration of up to £274 million to Quantile’s shareholders.
Finnish paytech Enfuce raises €45m in Series C round
The Series C investment round was led by Vitruvian Partners, with participation from Tencent.
DIY investment platform Tillit launches
Tillit offers “a curated investment universe, exclusive content and a fee that is based on time rather than wealth”.
Wealthtech FNZ acquires client onboarding tech vendor Appway
Hanspeter Wolf, CEO and founder of Appway, will become FNZ’s CTO.
Regtechs PassFort and kompany acquired by Moody’s Corporation
Both companies will be integrated into Moody’s KYC business within Moody’s Analytics.
Republic to buy Seedrs to create global private investment player
The $100 million deal brings together the US and UK-based partners.
Abrdn to acquire online investment platform Interactive Investor in £1.49bn deal
Abrdn had previously confirmed it was in talks to acquire the company in November.
Wise to add 1,000 staff across the globe in 2022
The recruitment drive would take its total headcount to 4,000.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
Money management app Plum raises $24m from investors and crowdfunding
The London-based company plans European expansion and product development.
New e-money fintech Twig launches in UK
Twig customers can turn their unwanted possessions into cash.
ING CIO Annerie Vreugdenhil leaves to join ABN Amro
Vreugdenhil is leaving after almost two decades with ING.
Landsbankinn prepares for PSD2 with Salt Edge
Iceland’s largest bank will utilise Salt Edge’s international experience and compliance solution.
TSB to close 70 branches across UK as digital-first banking becomes norm
Over 90% of customer transactions are now carried out digitally, the bank says.
