What the Fintech? | S.2 Episode 16 | Waking up on the right side of embedded
Louisa Murray, COO for UK and Europe at Railsbank, joins us on this latest episode of the podcast.
North America
FinTech Collective raises $250m for new early-stage investments
The venture capital firm’s total AUM now exceeds $500 million.
Ramp hits $3.9bn valuation with $300m Series C funding round
The start-up has also agreed a deal to acquire “negotiation-as-a-service” platform Buyer.
MovoCash partners with Fiserv to expand money movement options
Fiserv’s debit payments network will give MovoCash customers another way to access their cash.
Blockchain start-up XREX lands $17m funding to expand global footprint
The fintech’s global investors include major banks and venture capital firms.
Digital payments fintech Cantaloupe acquires Yoke Payments
The acquisition of Yoke will bolster Cantaloupe’s unattended retail market offering.
Rainshine plans four media and entertainment fintechs
M&E fintechs will be launched in part using the company’s blockchain platform.
Real estate fintech Reali raises $250m funding
The California-based firm will use the funds for national expansion and product development.
Musicians to gain dedicated neobank with Nerve
The Texas-based start-up says the music business deserves music banking.
Trading technology firm DriveWealth secures $450m Series D funding
Fintech will use the funds for continued product and service expansion and additional hires.
Nymbus to offer Marstone’s digital wealth suite following new partnership
Partnership will see the two US firms integrate their offerings.
Standard Chartered Bank Korea adopts OpenLegacy API technology
SCB Korea is looking to overhaul its technology as part of its digital transformation.
Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
Aspiration Partners to go public in $2.3bn SPAC deal
It claims it will be the first ESG-focused financial services institution to go this route.
Sightline Payments becomes Nevada unicorn with $244m raise
Sightline closed an earlier $100 million funding round in April.
Christian Financial Credit Union picks NCR tech for digital banking revamp
Michigan credit union praises NCR for “seamless integration”.
Israel Discount Bank of New York picks Argo for anti-fraud
Texas-based Argo will deploy its OASIS platform.
US fintech One lands $40m in Series B funding
Start-up aims to bring “all-in-one banking” to middle-class Americans.
Goldman Sachs to acquire asset management firm NNIP in $2bn deal
US bank continues drive towards new revenue streams.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
Plaid announces Series D extension featuring AmEx and JP Morgan
CEO Zach Perret says its new backers are “storied companies”.
Branch raises $48m Series B to serve independent contractors
Payments firm provides instant access to wages and a zero-fee bank account.
Travel fintech Hopper raises $175m in Series G round
The new funding will go towards growth on “several fronts”.
Blockchain security start-up CertiK lands $24m in Series B extension
The “Series B+” investment comes just one month after the firm’s $37 million Series B round.
Paysafe makes second LatAm acquisition with $441m SafetyPay deal
Paysafe plans further push into growing region for payments.
Goldman Sachs hires AWS exec to boost asset management division
Kamlesh Talreja joins to improve client experience for Goldman clients.
Chime secures $750m funding to reach $25bn valuation
The San Francisco-based firm has now raised over $2 billion in total funding.
US Bank acquires SME expenses firm Bento Technologies
US Bank aims to combine its payment and expenses offerings for SMEs.
Ualá hits $2.45bn valuation with $350m Series D round
Fintech start-up claims the funding is a record investment for an Argentine company.
Figure Technologies to merge with Homebridge Financial Services
Blockchain firm says its technology can double Homebridge’s capacity.
Temenos wins long-term deal with Hamilton Reserve Bank
Caribbean bank signs up Temenos to cover a range of banking services.
BNPL firm Zilch sets up US expansion with NepFin acquisition
The acquisition of the American firm will give Zilch a foothold in the US market.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Canadian fintech FreshBooks reaches $1bn valuation with latest funding
Firm secures $80.75 million in Series E funding and $50 million in debt financing.
Paymentus to acquire fintech partner Payveris for $152m
The transaction is expected to close in Q3 2021.
Digital assets platform FalconX hits $3.75bn valuation with $210m Series C round
The California-based firm plans further growth and strategic acquisitions.
Western Union agrees sale of Business Solutions division for $910m
Investment firms Goldfinch and Baupost are paying in cash.
AI firm Dataiku lands $400m in Series E funding round
The new investment takes its valuation up to $4.6 billion.
Circle announces plans to become a national digital currency bank
The firm says it will operate under the supervision of US financial regulators.
Social finance app Frich launches in the US
NYC-based Frich offers a savings wallet and no-fee overdraft for Gen Z users.
