Bux raises $80m to boost European zero commission investing app
The neo-broker targets younger generations with further roll-out of BUX Zero.
Europe
Banca Sella and Workinvoice form Italy’s first open banking partnership
The partners will provide end-to-end digital financial services to corporates.
Tinkoff launches Russia’s first digital BNPL service
Dolyame.ru offers interest-free instalment payments for FMCG goods.
Penta co-founder Jessica Holzbach exits fintech after four years
She exits “at her own request to seek a new professional challenge”.
Danish neobank Lunar acquires Swedish lender Lendify
The deal, which is pending regulatory approval, is expected to close by mid-May.
Identity verification firm Veriff raises $69m in Series B funding round
Estonian identity firm plans to use cash to expand in the US.
Hospitality payment app Sunday raises record €20m seed round for Europe
The start-up claims to cut the costs for operators to 0.5% per transaction.
Development Bank of Wales picks EQ Credit Services for lending
The bank reports a 72% increase in loan customers since 2020.
Low-code start-up FintechOS lands €51m Series B
The round will fund FintechOS’ international expansion beyond the UK and Europe.
Santander migrates 60% of IT infrastructure to the cloud
Santander is “very well placed against large European banks”, says the bank’s global CTO.
UK takes first steps towards CBDC with launch of new taskforce
The taskforce will now set out to identify the UK’s use cases for a CBDC.
SAP spins out financial services operations in deal with Dediq
SAP launches new FSI Unit to deal in financial services, with a 20% stake in it.
UK challenger Starling lands £50m investment from Goldman Sachs
Starling now claiming to hold a 6% share of the UK SME banking market.
Lending start-up Fintern raises £32m in equity and debt funding
UK fintech backed by German institution Varengold Bank
Solarisbank among first German fintechs mulling Spac deal
The BaaS provider is aiming for a billion-dollar valuation.
TSB taps ApTap to help customers manage bills
Deal follows trial period featuring 10,000 TSB customers, who saved an average of £150 a year using the service.
Goldman Sachs settles on Birmingham for second major UK office
Goldman says it picked Birmingham because of its talent pool and proximity to London.
Dear Luc: To give my customers cards I just need an issuer – right?
Our anonymous fintech problem asks if issuers are all you need to provide cards to customers.
Russian e-commerce giant Ozon acquires Oney Bank in $10m deal
Firm known as “the Amazon of Russia” steps into fintech space.
Railsbank reunites Currencycloud founding team with John Hammond hire
John Hammond joins former colleagues at the firm as its new CCO.
Auxmoney secures €250m in debt financing from Citi and Chenavari
New round tips total raised by auxmoney above $3 billion.
Barclays to close Pingit after 10 years’ service
Long-serving payments app to be shut down by major UK bank.
Modulr lands undisclosed investment from FIS Ventures
“Modulr lowers the barriers to bringing payments into a platform”.
Mobiquity hires former BNP Paribas COO Howard Moore
Digital transformation firm plans to expand globally this year and beyond.
Dutch personal finance app Paynote goes live with beta
Unlike its rivals, Paynote launches without bank support.
Top five tips as your fintech company explores European expansion
US fintech companies recognise the potential buying power of the European Union’s 550 million people.
Innovate Finance CEO Crosswell steps down
Head of industry body to be replaced by COO Janine Hirt.
Moneycorp continues exec shake-up with new ex-Vocalink vice chairman
Yates previously headed up Vocalink, the fintech Mastercard bought in 2017.
German challenger pockid targeting Gen Z launches this month
Users can either sign up to Neo Beginner, or Neo Pro.
Minna Technologies recruits Tiama Hanson-Drury as new product officer
Hanson-Drury joins the Minna team from Dynata.
EML Payments acquires open banking brand Nuapay in €110m deal
Nuapay owner Sentenial snapped up by prepaid cards firm EML.
Tide signs deal with RBL Bank to underpin Indian expansion
The UK firm is seeking 25,000 new customers in the country.
France’s central bank warns fintech industry of rules when using term “neobank”
The industry has long called out the interchangeable use of the word “neobank”.
Swiss neobank Alpian lands $18m Series B ahead of 2021 launch
The raise comes less than a year after its Series A.
Octobank acquires Earlybase to boost sales and marketing in Europe
Czeczia-based neobank makes strategic buy.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
UK fintech TrueLayer lands $70m Series D led by NY investor Addition
TrueLayer claims payment volumes have grown by 600 times in the last 12 months.
La Banque Postale picks Ebury for international SME transfers
French postal bank aims to expand abroad for SME customers.
Two UK towns to open all-in-one Banking Hubs pilot stores
The towns are two of nine across the UK to get one.
Santander International to deploy cloud-based Temenos system
Isle of Man and Jersey users switching over to Temenos platform.
