ICYMI fintech funding round-up: R2, NowNow and Hive Wealth
Our weekly fintech round-up for you to get the latest funding news from around the world.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Streetman will be tasked with leading the company’s culture, strategy, operations and expansion plans.
The new money will be used to expand its go-to-market efforts and accelerate product innovation.
SteelEye claims the $21m Series B marks the largest raise by a European regtech firm in 2022.
The funding will be used to “improve financial access” for Mexican businesses.
Both deals are expected to close in H1 2023.
The new digital bank for small businesses will operate as a separate entity under Liberty Bank.
Wealthfront CEO David Fortunato says the pair are “continuing to explore ways to work together”.
Together, the firms also have plans to expand into new markets such as India and Singapore.
The fresh cash will support Alloy’s continuing global expansion.
Mahalo’s banking platform will integrate various customer channels with the credit union’s core.
The round was led by FTV Capital, with existing investor Headline also participating.
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Lenhard has 20 years’ experience in the payments space.
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Most recently, Steele served as president of Temenos, North America.
Tan previously joined Y Combinator as a partner back in 2010 before leaving in 2015.
The firm leverages blockchain technology to calculate credit scores.
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
The new equity will be put towards launching new products and scaling its team.
FinTech Futures speaks with Himalaya Exchange CEO Jesse Brown about the future of crypto.
The firm will be laying off most of its workforce on 9 September 2022.
Latin American fintech start-ups Belvo and Rebill are among the lucky recipients of new funds.
The latest recipients of funding in the US fintech space.
UK-based Fana is now preparing to launch a seed funding round.
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Hummel brings over 25 years of experience leading global engineering and technology teams to MX.
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
Toperty is based in Colombia and Saturn5 is based in Mexico City.
The new digital offering is powered by enterprise solutions provider Narmi.
The deal is expected to close in Q4 2022.
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
The new platform leverages R3’s Corda DLT software.
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial is aiming to grow its government guaranteed lending business.
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.