US fintech funding round-up: Leapfin, Compliance.ai, Revolv3 and more
Our handy weekly fintech funding round-up covering news from US start-ups.
Our handy weekly fintech funding round-up covering news from US start-ups.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
The Global Pay platform is currently available to US American Express small business card members.
At Arvest, Ukkan will support its digital transformation by leading the new core banking technology initiative.
Robinhood CEO Vlad Tenev says previous staff cuts announced in April “did not go far enough”.
Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value.
The funds will be used to support the growth of the company’s Digital Delivery Platform.
The new combined entity intends to deliver “financial empowerment and product innovation”.
KeyBank will deploy Quavo’s QFD solution to automate its fraud and dispute processes.
The fresh capital takes the bank’s total funding to date up to $160 million.
Magats will start his new role on 17 August and will also join the firm’s board of directors.
FinTech Futures speaks with IBM’s Prakash Pattni to discuss the role IBM plays in the fintech ecosystem.
The new combined business will be worth approximately $1.7bn with the deal expected to close in Q1 2023.
The new platform will allow businesses to optimise the rate they’re generating on their cash balances.
“The process of searching for a new core was rigorous,” says Movement Bank’s president.
MVB Bank has become the first live user of the RTP Send functionality offered by Victor Technologies.
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
The company secured $200 million in a Series C round led by Tiger Global earlier this year.
Midigator automates the chargeback dispute response process and provides real-time data to businesses.
Jackowski will work to “further integrate” Mastercard’s ESG strategy into the organisation.
How can fintechs leverage open source in finance to accelerate innovation and efficiency?
The fresh capital takes the company’s total funding to $87 million.
The lawsuit alleges Apple “coerces” consumers who use its devices into using Apple Pay for contactless payments.
What retailers need to know about buy now, pay later (BNPL).
Goal-based financial planning features will be made available to Rabobank’s customers.
Arvest says it plans on overhauling its current IT systems, including migrating its data centres to Google Cloud.
Investors include Morgan Stanley’s Next Level Fund and Mastercard.
CEO Colin Walsh says the firm is “not immune to the impacts of our current environment”.
Discussing the value and inherent risks associated with data sharing on a global scale.
The CFPB has fined the bank $100 million, while the OCC has separately issued a $125 million fine.
Mahalo Banking provides online and mobile banking solutions for credit unions.
The solution leverages analytics, AI and cloud to deliver “instant” credit decisions to support digital lending.
The Series B round was led by Google Analytics co-founder Wesley Chan’s new fund FPV Ventures.
Booe previously spent over 27 years at FIS as the firm’s deputy chief compliance officer.
The company plans to use the fresh capital to grow its team and extend its product offerings.
BPC’s SmartVista solution will enable NanoPay to better protect its credit card customers.
The acquisition will help build out Flywire’s existing education business.
The merger was initially announced earlier this year.
The investment brings the company’s total funding raised since its inception in 2017 to $69 million.