UK fintech sector enjoys record-breaking year for investments
H1 2021 saw $5.7bn raised across 317 deals by UK firms.
Europe
Better acquires UK digital mortgage broker Trussle
The deal represents Better’s first entry into the UK mortgage market.
Danish digital bank Lunar secures €210m Series D funding
The challenger says the funds will be used to continue its growth and launch new products.
Quantexa raises $153m in Series D funding round
The firm plans to accelerate its expansion and boost product development.
Monetary Authority of Singapore and Banque de France conduct cross-border CBDC test
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Moneyhub secures $18m investment to fuel expansion
Direct Line founder Sir Peter Wood led the round through investment vehicle SPWOne.
Swishfund swaps out back office tech for Five Degrees’ neo
Dutch lender chose from a range of cloud-based providers.
Clearco raises $215m in Series C round led by SoftBank’s Vision Fund 2
Firm wants to boost its “founder-friendly” financing suite.
FCA levies £90m penalty against Lloyds Bank General Insurance for misleading comms
Insurer offered “competitive pricing” the FCA found to be false.
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Dutch challenger bank Bunq secures $228m Series A investment
The funding round was led by UK private equity firm Pollen Street Capital.
Wise finalises record-breaking £8.75bn direct listing
Cross-border payments company debuts on the LSE in largest-ever listing for a tech firm.
Swedish fintech start-up Juni lands $21.5m Series A round
The company plans to use the funds for product development and recruiting.
RationalFX selects TruNarrative to boost ID verification
The firm aims to reduce its onboarding time to “less than 5 minutes”.
Credit and payments platform Younited lands $170m investment
The new funding brings the French firm’s total raised to $400 million.
Deutsche Bank plans 440 job cuts for Irish operations
The bank is planning to cut three-quarters of its workforce in Ireland.
Signicat acquires Spanish video identity firm eID
Norwegian vendor pulls the acquisition trigger after four years of partnership.
Credit Suisse appoints Goldman Sachs veteran as new technology exec
Joanne Hannaford will join as chief technology and operations officer in January 2022.
Pleo lands $150m Series C funding round
The firm says the investment brings its valuation to around $1.7 billion.
Tesco Bank appoints Gary Duggan as CEO for underwriting business
Duggan to join Tesco Underwriting in July, and stay for 12 months.
Moneycorp announces new head of payment solutions
Francesco Giovanni Ghizzardi previously held senior roles at Ebury and Cambridge Global Payments.
Rapyd to acquire Valitor in $100m deal
The payments fintech is looking to expand its reach across Europe.
Ethos Invest launches ambitious Shariah-compliant private equity fund
The Financial Services & Technologies Fund has a target of £1 billion.
Codat raises $40m in Series B funding round
The UK-based firm plans to expand its US presence and boost hiring.
Dutch pensions bank Brand New Day picks Five Degrees core system
Neo comes in to replace older Matrix system.
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Tribe Payments partners ClearBank to provide banking access for fintechs
The partnership will allow clients to add banking services to their payment products.
Klarna signs merchant financing partnership with Liberis
Liberis will roll out its revenue-based solution in the coming months.
Danske Bank to merge MobilePay with Nordic payment apps Vipps and Pivo
The parties say they have joined forces to “strengthen product development and innovation”.
Ghana International Bank selects Backbase to drive digital transformation
The Dutch fintech will act as the core strategic partner for the bank’s digital operations.
UK fintech Chippingin provides crowdfunding for kids
New collaborative payments firm claims to be the first of its kind.
Deutsche Börse acquires Swiss digital assets firm Crypto Finance
German group paid “a modest three-digit million” sum for the firm.
NatWest sells Ulster Bank commercial lending business to AIB in €4.2bn deal
NatWest continues with its withdrawal from the Irish market.
Crédit Agricole CIB plans quantum computing project with new partnership
French bank signs deal with Pasqal and Multiverse Computing.
Tide expands to India with £100m investment and RBL Bank partnership
UK business bank aims to “unleash” the potential of Indian SMEs.
Retirement platform Smart raises $165m in Series D funding
Chrysalis Investments led the round with a £75 million equity investment.
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
Raisin and Deposit Solutions merge to create pan-European fintech giant
The newly formed Raisin DS is already turning its eyes towards the US.
Deutsche Bank partners Oracle to upgrade its IT systems
The bank is looking to modernise its database tech and accelerate its digital transformation.
BayernLB picks Broadridge to cover regulatory reporting needs
Broadridge to help German bank with SFTR, EMIR, SiFIR, and MMSR reporting.
