MoonPay acquires Helio to enhance crypto payment services
The all-equity deal is valued at $175 million, according to a Fox Business report.
North America
Float Financial raises $48.5m in Series B funding round led by Goldman Sachs
The Canadian fintech says it will use the investment to “further broaden its product suite”.
MDT promotes Chris Kowal to CEO with Larry Nichols set to retire
Kowal has served as MDT’s chief financial officer since 2008.
NBKC Bank in Missouri joins NCR Atleos’ Allpoint Network
The network will enable NBKC account holders to access 55,000 additional ATMs worldwide.
Clearwater Analytics to acquire investment management platform Enfusion for $1.5bn
Enfusion will integrate with Clearwater’s middle and back-office solutions in a merger expected to close in Q2 2025.
Canal Road Group boosts direct lending strategy with BMO partnership
BMO will gain a non-voting minority stake in CRG’s management company as part of the deal.
Gemini bolsters European expansion efforts with new leadership additions
Gemini has named Mark Jennings as head of Europe and Daniel Slutzkin as head of UK.
R&T Deposit Solutions appoints Susan Cosgrove as new CEO
Cosgrove takes over from Joe Jerkovich, who announced his retirement this month.
BNP Paribas taps Oracle for database management upgrade
BNP Paribas has used Oracle’s tech to manage part of its on-premises databases for over 20 years.
ICYMI fintech funding round-up: Dataships, JeelPay, Nevermined, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
JP Morgan files lawsuits against fellow Viva Wallet shareholder WeRealize and four Viva Wallet board members
The US bank first acquired a 48.5% stake in Viva Wallet back in 2022.
Bullish Group secures cryptoasset licences in Germany, names new managing director
Bullish has secured cryptoasset custody, proprietary trading, and principal brokerage licences from BaFin.
Former Uber CFO Nelson Chai joins DailyPay board as executive chair
Chai joins the DailyPay board following a five-year tenure as CFO of Uber.
Collections and credit risk fintech Akuvo names William Coffey as new chief risk and data officer
The former Vanguard chief will oversee “data strategy, risk management, and cybersecurity initiatives”.
Ally Financial lays off “less than 5%” of total workforce
Ally is also exploring “strategic alternatives” for its credit card business and ending mortgage originations.
CFPB approves Financial Data Exchange as first “standard setting body” under new US open banking rule
The approval relates to the CFPB’s new Personal Financial Data Rights rule, introduced in October.
Global fintech investment fell 20% in 2024, according to new Innovate Finance report
Fintechs worldwide secured a total of $43.5bn in investment compared to the $54.2bn total achieved over 2023.
US wealthtech Orion names former Oracle VP Arun Anur as new COO
Anur is to oversee Orion’s “client experience delivery”, including data reconciliation and onboarding.
Tradition Capital Bank launches credit cards in collaboration with Corserv
The commercial bank has selected Corserv’s account issuer programme to power the offering.
Dan Corazzi succeeds David Hamilton as Solifi CEO
Hamilton, who led Solifi for the past seven years, is moving into the role of chairman.
Payroll software provider OnPay raises over $100m in new funding
The funding includes $63 million in Series B equity financing and a debt facility with MC Credit Partners.
TransUnion signs definitive agreement to acquire Quint Group’s Monevo
TransUnion has maintained a 30% stake in Monevo’s equity since 2021.
Canadian start-up LottoLend launches to offer a “safe, fair and rewarding alternative to traditional payday loans”
LottoLend, currently licensed to operate in Alberta, offers short-term unsecured cash loans.
US healthcare fintech Anatomy Financial secures $19m in Series A funding round
The Series A follows a $7.6 million seed funding round secured by the start-up in February.
US fintech Onbe names Sayid Shabeer as new chief product officer
Shabeer joins Onbe from HighRadius, where he served as CPO for six years.
Video: YouLend at Money20/20 USA 2024 – Fuelling business growth with embedded financing
YouLend’s Ted Kirk discusses how the company’s embedded financing products can help businesses grow.
Scotiabank transfers Costa Rica, Colombia, and Panama banking operations to Davivienda
Scotiabank will receive an “approximate 20% ownership stake” in Davivienda as part of the deal.
Eltropy acquires Canada’s Lexop to modernise collections for credit unions
Eltropy previously acquired both POPi/o and Marsview AI back in 2022.
Tranch acquired by Elite to enhance payment solutions for global law firms
Elite says acquiring Tranch will improve its ability to “augment” law firms’ financial processes.
Pemberton Capital Advisors partners Broadridge for portfolio management tech
Pemberton has selected Broadridge’s Sentry Private Credit Portfolio Management solution.
US VC Accel unveils $650m fund to invest in Indian start-ups
Accel claims the fund arrives as India’s start-up ecosystem reaches a “critical inflection point”.
Ryan completes $518m acquisition of Altus Group’s property tax services business
As part of the deal, Ryan has also acquired Altus’s itamlink property tax management solution.
Thomson Reuters acquires tax and accounting automation software firm SafeSend for $600m
Thomson Reuters says it expects SafeSend to “generate approximately $60 million of revenue in 2025″.
Employer.com buys Canadian fintech Bench Accounting for undisclosed sum
Founded in 2012, Bench provides a suite of SME-focused bookkeeping, tax filing, and advisory services.
US banking technology start-up Infinant lands $15m in Series A funding round
Infinant’s Interlace banking platform is built to sit on top of and integrate with banks’ existing core systems.
Gesa Credit Union and Nymbus launch ValorFI Heroes, a digital banking platform for US veterans and first responders
The platform comprises current and savings accounts, with a charitable function powered by Spiral.
Fiserv snaps up Canadian EWA fintech Payfare in $147m deal
The purchase price reflects a 90% premium over Payfare’s closing share price on 20 December.
CFPB sues Zelle operator and major banks for “widespread fraud” on payment network
The lawsuit comes as the CFPB advances its agenda before its anticipated overhaul by the Trump administration.
US fintech Bureau raises $30m Series B led by Sorenson Capital
Bureau will use its funding to enhance its AI capabilities and expand beyond its “current focus” on Asia.
ICYMI fintech funding round-up: Sourcefin, Volume, Leap Financial, and Juicyway
A handy round-up of the recent funding endeavours of fintech companies across the globe.
