SME-focused Bank North granted UK banking licence
Bank North aims to support businesses through its cloud banking technology.
Europe
New UK fintech Peach aims to help customers track their financial lives
Peach is currently in a beta phase with a waiting list ahead of its full launch.
Blockchain start-up XREX lands $17m funding to expand global footprint
The fintech’s global investors include major banks and venture capital firms.
Paysafe agrees deal to acquire German digital payments firm viafintech
It is Paysafe’s third acquisition in the last month, following deals for SafetyPay and PagoEfectivo.
WorldRemit Group rebrands as Zepz, raises $292m Series E funding
The London-based company says the new injection takes its valuation up to $5 billion.
German fintech Moss lands $29m funding in Series A extension
Start-up claims the latest injection boosts its valuation up to $264 million.
Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
Family finance start-up Hapi launches investment app for parents
Parents can open a junior stocks and shares ISA or general investment account.
CloudPay secures $58m investment to expand payroll solutions
CloudPay aims to consolidate employee pay processes through a single platform.
Bitpanda valued at $4.1bn after $263m Series C raise
Austrian firm has now raised around $546 million in total funding.
Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Danish challenger Kompasbank goes live with Mambu’s cloud banking platform
COO says Mambu is “the right choice to help us on our growth trajectory”.
Boku launches mobile payments network M1ST
Firm aims to make mobile payment acceptance easier for merchants.
UK challenger Kroo lands licence to build social bank
Kroo, formerly B-Social, plans a full launch in 2022.
LendInvest signs partnership with HSBC and Barclays worth £150m
Property finance firm continues growth with new collab deal.
LHV UK appoints three new execs to support UK banking push
Gary Sher, Assad Kazi and Rebecca Wright join as CFO, CRO and CPO, respectively.
Sova Capital selects Appway for onboarding and KYC solutions
London-based broker looks to streamline client onboarding while ensuring full compliance.
Change at the top for SimCorp as Christian Kromann appointed new CEO
Kromann takes over from incumbent Klaus Holse, who held the role for nine years.
Abrdn acquires wealth management platform Exo Investing from Nucoro
Edinburgh-based investment firm plans to offer a 24/7 digital wealth management app.
British Business Bank selects Solidatus for data management
Firm looks to boost its data governance and data lineage capabilities.
GC Partners to boost Asian payments network with Nium collaboration
UK firm looks to strengthen its payment services offering in major Asian markets.
Triodos Bank UK partners SurePay to deploy Confirmation of Payee solution
Triodos says it chose to partner with SurePay due to its “best-in-class” platform.
BNPL firm Zilch sets up US expansion with NepFin acquisition
The acquisition of the American firm will give Zilch a foothold in the US market.
Dutch challenger Bunq hires Jon Fath as new COO
Fath joins from AI logistics firm Transmetrics, where he worked as CEO.
Tulipshare launches as world’s first “activist investment platform”
Start-up aims to give investors the chance to push for positive change at corporates.
Objectway acquires German core vendor Die Software Peter Fitzon
Italian software company plans all-in-one wealth and core product suite.
DueDil to merge with Artesian Solutions due to “lack of funding”
Reports indicate DueDil shareholders won’t get a return on investment.
Kroo nets £17.7m Series A funding to build new digital bank
Neobank hopeful aims to secure a full banking licence ahead of a planned launch in 2022.
Fintech start-up dopay gains Egyptian banking licence
The payroll company is looking to launch a new digital banking platform in the country.
Open banking platform finleap connect overhauls management team
Uwe Sandner, Katja Hunstock and Ignacio Garcia named as CTO, CPO and CSO.
Paysafe signs deal to acquire alternative payments platform PagoEfectivo
The deal is expected to close by the end of August.
Teachers Building Society selects Finastra’s Fusion Essence Cloud
UK building society becomes first mutual to pick Finastra system.
Biller launches new AI-powered BNPL invoicing solution
Biller was founded by a team of former Mollie and Klarna senior managers.
Nigerian challenger Kuda raises $55m in Series B funding round
Kuda lands valuation of $500 million, and total raised of $91m.
Rapyd raises $300m in Series E funding round
The financing follows a $300 million Series D round earlier this year.
FCA investigating Monzo as challenger reports £115m yearly loss
The FCA is investigating Monzo over potential breaches of money laundering laws.
Klarna builds out retailer support with APPRL acquisition
The deal adds a platform for linking creators and retailers to Klarna’s retail ecosystem.
Finleap connect buys Iberian open banking firm MyValue Solutions
The deal expands the Berlin-based finleap’s presence in the Iberian market.
NewDay launches UK’s first cardless consumer credit offering
The credit provider plans a full launch of the paperless and plastic-less “Bip” later this year.
UK BNPL Payl8r raises £40m in debt financing from Conister Bank
Manchester-based fintech has plans for a £1 billion valuation by 2026.
