Utila raises $18m Series A to scale ops platform for digital assets
Founded by Bentzi Rabi and Sam Eiderman, Utila has now raised $30 million to date.
North America
The latest fintech news, resources and expert analysis in North America by the leading intelligence provider for the worldwide fintech community.
US fintech start-up Multiply Mortgage raises $23.5m in Series A funding
Founded in 2022, Multiply Mortgage pairs discounted mortgage rates with employee benefit programmes.
Capital Credit Union upgrades core system to Jack Henry’s Symitar solution
Capital’s CIO says the move will help the credit union “free up resources” and offer “competitive differentiators”.
Blockchain start-up Halliday lands $20m Series A led by Andreessen Horowitz
The Series A brings Halliday’s total funding to date to over $26 million.
US fintech Tala secures $150m debt facility for Mexico expansion
Tala will use the facility to boost its lending operations in Mexico, where it has been live since 2017.
Princeton Federal Credit Union goes live with Mahalo’s Thoughtful Banking platform
The digital banking platform has been integrated with the credit union’s Corelation Keystone core system.
Verizon partners Santander Bank to launch digital savings accounts in the US
The savings accounts leverage Santander’s Openbank digital banking platform, which launched in the US last October.
Nerdio secures unicorn status with $500m Series C led by General Atlantic
The company says the raise will “quadruple Nerdio’s valuation in just two years to $1 billion+”.
Fiserv acquires Dutch paytech CCV to expand Clover platform
Fiserv says the deal will “accelerate the deployment of its Clover platform and operating system across Europe”.
Flywire promotes Mohit Kansal to chief payments officer
The new payments chief will work to “drive technical alignment within Flywire’s verticals”.
US tax start-up Town launches with $18m seed round led by First Round Capital
Town, which began onboarding clients two months ago, will use the funds to expand its team.
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Marygold & Co debuts mobile banking fintech app in UK
The new app incorporates features from partners Griffin Bank and Moneyhub.
US lender SmartBiz completes Centrust Bank acquisition to form SmartBiz Bank
SmartBiz will now offer SBA loans and personalised financial guidance as SmartBiz Bank.
Klarna to become Walmart’s exclusive BNPL provider through OnePay partnership
Klarna will offer its instalment loan services through the Walmart-backed OnePay app.
NovoPayment names Rodrigo Rodas as CEO, Rama Ituarte returns as CTO
Ituarte returns to NovoPayment after nearly 18 months serving as CTO at Synchrony.
OakNorth set to acquire Michigan’s Community Unity Bank to fuel US expansion plans
CUB CEO Greg Wernette will lead OakNorth’s US banking division, launched in July 2023.
Klarna files registration statement with SEC for proposed New York IPO
Klarna says the price range for the proposed offering has not yet been determined.
SoFi lands $5bn agreement with Blue Owl Capital to fund loan platform business
The two-year deal marks SoFi’s largest loan platform business agreement to date.
ICYMI fintech funding round-up: Zocks, EquiLend, Fortis, and LiquidTrust
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Bilt Rewards announces first acquisition with deal to buy receipt data tech firm Banyan
Banyan’s item-level receipt data solutions will integrate detailed purchase data into Bilt’s rewards platform.
MoonPay buys German stablecoin payment infrastructure start-up Iron
The deal is MoonPay’s second acquisition so far in 2025, following its purchase of Helio in January.
Crypto payments start-up Mesh bags $82m in Series B funding round
An undisclosed majority of the investment was settled in PayPal USD (PYUSD) stablecoin.
Victor Dodig to step down as CIBC CEO, capital markets head Harry Culham named as successor
Dodig started with CIBC in 2005 and assumed leadership of the bank in September 2014.
Momnt expands C-suite with new chief business, operating and product officers
Ryan Brennan joins as CBO, Cara Rivera as COO, and Lindsay McAndrew as CPO.
US fintech start-up Worth raises $25m for onboarding and underwriting automation platform
Worth is the brainchild of Stax Payments founders Sal Rehmetullah and Suneera Madhani.
Neobank start-up Zolve raises $251m in mix of debt and equity
The raise reportedly includes $51 million in equity and a $200 million credit warehouse.
Clearwater Analytics snaps up Beacon and Blackstone’s Bistro for combined $685m
Clearwater will acquire Beacon for $560 million, while Bistro will cost $125 million.
US BaaS fintech Synctera raises $15m after signing “largest customer to date”
E-commerce checkout fintech Bolt has made Synctera its new technology partner.
Solifi appoints Backbase’s Karan Oberoi as new chief product officer
Oberoi has been overseeing product operations at Backbase since July 2021.
Mexican fintech Plata raises $160m in Series A funding round at $1.5bn valuation
Plata secured a Mexican banking licence in December 2024.
FTC data reveals US consumers lost $12.5bn to scams in 2024
Imposter scams were the “most commonly reported scam category” according to the FTC.
HSBC launches new e-commerce trade credit solutions with TreviPay
HSBC will use TreviPay’s order-to-cash technology to help businesses offer trade credit to buyers.
Nationwide upgrades credit decisioning with FICO’s cloud platform
Nationwide now utilises FICO’s solution to process around 1.5 million credit decisions monthly.
Brazil’s Nubank partners OpenAI to enhance internal efficiency and customer experience
Through the partnership, Nubank has launched AI assistants, an internal search engine, call centre co-pilots, and more.
Bank of Ireland taps Canada’s Surecomp for Trade Finance-as-a-Service solution
The bank is set to deploy Surecomp’s cloud-based DOKA-NG solution within its trade finance back office.
Rocket Companies snaps up Redfin in $1.75bn all-stock acquisition
The transaction, expected to close in Q2 or Q3 of 2025, values Redfin shares at $12.50 each.
Green Dot engages Citi to “explore potential strategic alternatives”, CEO George Gresham departs
William Jacobs has been named interim CEO of Green Dot, while CRO Chris Ruppel assumes the role of president.
US crypto exchange Kraken secures EMI licence in UK
The EMI approval adds to Kraken’s recent acquisition of an EU MiFID licence in February.
Valley National Bank bolsters leadership team with new CFO and president of commercial banking
Travis Lan has been named as CFO, while M&T’s Gino Martocci will head commercial banking.
