Fintech funding deals globally 15-21 March 2021
Featuring SumUp, eToro, Plaid, SecurityScorecard, and Coalition.
Europe
OakNorth Bank lands £77.6m pre-tax profit despite COVID-19 provisions
The fintech lender’s total assets now sit at £3.1 billion.
65% of UK financial institutions miss Treasury’s gender representation targets
Firms blamed targets for being “too ambitious”, and the impact of COVID-19 on hiring and pay.
Nigerian challenger Kuda Bank raises $25m in Series A funding
Neobank nabs more funding just four months after last round.
Pollinate secures $50m Series C funding for US expansion
UK firm has raised $218 million to date.
Profile Software buys Euronext’s Centevo solution
Euronext offloads asset management platform after 2019 acquisition.
London fintech Agitate latest to unveil open banking-powered payments solution
The solution skips the card ecosystem entirely.
Wise considers rare direct listing on London Stock Exchange
This would see Wise circumvent the conventional IPO process.
ICYMI funding round: Fondeadora, SEON, Lendo, Nomanini & more
Plenty of funding rounds may have slipped you by this week.
Lithuanian fintech SH Payments picks Nano as new core system
Baltic Amber Systems beat “several” competitors to the deal.
Avaloq CEO Juerg Hunziker to step back
Hunziker is replaced by the co-CEO pairing of Martin Greweldinger and Thomas Beck.
UK fintechs B-North, DIEM, Encompass, and Lumio raise funding
A round-up of recent investments clinched by the UK fintech start-ups.
PayFit raises €90m to automate payroll and HR for European SMEs
The previous funding round closed in 2019, with €70 million.
NatWest’s FCA laundering charge the “first of a few” to come in 2021
The FCA is currently still investigating 6 other cases.
Low-code firm Genesis raises $45m in Series B funding round
Genesis had raised $4.8m over nine years prior to the new injection.
Wealthtech for asset managers FundSense launches in UK
FundSense licenses the platform on a per-user basis.
Nordea to deploy AxiomSL’s RegCloud for regulatory reporting
Scandinavian bank aims to meet Finrep, Corep, AnaCredit, and SHSG requirements.
Ikigai launches in UK to disrupt the asset percentage pricing model
Ikigai is charging a flat £10-a-month fee to early access users.
Web browser Opera hires ex-PayPal and Tencent exec to lead new fintech arm
The new EVP likens Dify’s potential to PayPal’s market disruptor status.
Nest Bank picks Fiserv for card issuance revamp
Fiserv’s First Data brand is handling the implementation.
Technology is winning the fight for financial inclusion
Enlist technology as an ally in the fight against financial exclusion.
NatWest faces FCA money laundering charge over £365m account
The bank will appear before Westminster Magistrates’ Court next month.
N26 loses 300 employees and head of HR in 12 months
The company is now trying to recruit 500 new employees by end of June.
Regulating the Brexit deal
In spite of their clear importance, regulators have often met resistance.
Fintech funding deals globally 8-14 March 2021
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
Bank of England governor key architect in RBS scandal which left businesses in ruin
Bailey did not disclose his hand in creating the Asset Protection Agency.
Stripe reaches $95bn valuation on back of fresh $600m injection
This year, Stripe will continue to pursue enterprise clients.
Katherine Dziaman joins Sandstone Technology as new CFOO
She replaces Pow-Chuan Lee, who leaves the firm after two and half years.
Russian Big Tech Yandex launches payment service
The local internet giant plans to rival Apple Pay, Samsung Pay, and Google Pay.
Will there be a post-Brexit financial services and fintech boom?
The burgeoning UK fintech sector could soon thrive as never before.
NatWest shutters three-year-old fintech lender Esme Loans
Esme Loans enjoyed a London Tube advertising campaign for a time.
Atom Bank to close funding round at half its 2019 valuation
One of Atom’s largest shareholders isn’t able to participate in the sale.
Chip hires former 10x head of product Tom Evans as new CTO
Evans joins as the saving app gears up for new product launches.
Digital payments: why they are here to stay
It is not just individuals who are adapting to the shift.
Banking Tech Awards 2020 Winner: Yolt – Best Mobile Initiative
Yolt’s new mobile app: nudge techniques, open banking and smarter personal finance.
Insurtech Zego lands $150m Series C to join unicorn club
“It is clear that the way people use vehicles is undoubtedly changing”.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Tesco Bank kicks off three-year ATM modernisation project
2,000 machines will be replaced by the end of 2023.
MFS Africa invests in London with all-new executive team
“London has taken up the mantle of fintech advocate and champion.”
Santander picks Planixs tech to power liquidity management
Spanish multinational to deploy Planixs’ Realti system.
