Freedom of choice to build your dream bank
Digital core is not just a survival kit, it’s a silver bullet to help banks to compete and win.
North America
Resolve lands $60m to grow buy now, pay later B2B offering
Resolve was spun out from buy now, pay later (BNPL) company Affirm in 2019.
ProducePay raises $43million, searches for “rockstar” CTO
The start-up aims to disrupt the “opaque, fragmented, and dominated by manual processes” fresh produce market.
Customers Bank plans blockchain-based payments with Tassat
US-based Customers Bank aims to tokenise USD payments with Tassat’s tech.
DailyPay raises $500 million of capital “to transform the financial system”
$175 million came from its Series D equity round and $325 million was credit capital from various sources.
Investment fintech Pipe rakes in $250m from oversubscribed venture round
Pipe says the round was oversubscribed by $100 million.
New York wealthtech Vise raises $65m, hits $1bn valuation
The platform is on a “mission of creating financial freedom for everyone”.
Figure Technologies raises $200 million to reach $3.2 billion valuation
Figure uses Provenance, a public, open source, permissionless, decentralised blockchain.
Privacy.com raises $43m and rebrands as Lithic
Lithic has raised a total of $61m to date and has issued over ten million cards.
US Century Bank picks NCR digital banking platform
$1.4 billion-asset bank impressed by “consistent” look and feel.
CleverCards to gain EMI licence via M&A, raises Facebook exec-led €10m round
Gareth Lambe, head of Facebook Ireland, has invested in CleverCards.
Amount raises $99m Series D to reach unicorn status
US fintech counts HSBC, TD Bank, and Barclays among its customers.
HSBC launches multi-currency business wallet to rival fintech providers
HSBC says businesses can “pay like a local”.
Stripe acquires card verification fintech Bouncer
Both Bouncer’s team and its technology will join Stripe.
Treasury Prime raises $20m in Series B cash to fuel BaaS expansion
The firm anticipates a rise in demand for its services in 2021.
Video: pick of the week – Bahrain to pilot digital currency; Facebook shifts crypto venture to US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Cedar co-founder: Our biggest competition is status quo and inertia
Cedar acquired San Francisco-based OODA Health for $425 million last week.
Silicon Valley Bank inks payments processing deal with Modern Treasury
Agreement will provide processing for SVB’s clients.
US Bank and Plaid sign API integration deal
US Bank customers will use Plaid APIs to connect to third party services.
Google Pay dips toe in cross-border market with Western Union, Wise
India, Singapore, and the US to be first countries trialled for remittances switch.
Facebook shifts crypto project Diem from Switzerland to the US
Diem says the partnership “is an important step in preparation for a Diem USD pilot”.
US challenger for freelancers Lili lands $55m and passes 200,000 users
Lili wants to be a go-to app for freelancers in the US.
Video: pick of the week – European regulator in tech selection; new challenger bank in the US
A top pick of stories from the world of finance and tech in bitesize video format, twice a week.
Three US credit unions select Bankjoy for digital banking
The three firms have a total $760 million under management and 57,000 members.
US start-up EarlyBird re-thinks gifts for kids with investment platform
EarlyBird launched four months ago.
Amartha, Vivid Money, Expensya & a55 feature in May funding rounds
A clutch of early investment rounds from May you could have missed.
Fintech API firm Railz raises $12m in Series A funding round
Toronto-based start-up aims to solve “universal challenge for SMEs”.
InvestCloud acquires cash flow firm Advicent to bridge advisor-client gap
Vista Equity-owned Advicent provides technology for 3,000 firms.
Fiserv wins trio of Canadian credit union deals for DNA
Implementation partner Celero will complete the DNA installations.
Bill.com acquires spend management firm Divvy in $2.5bn deal
Bill.com is paying $625 million in cash and $1.875 billion of common stock.
Thought Machine takes Steele from AWS for US leadership role
After a decade at AWS, Brad Steele has joined Thought Machine as US general manager.
Miami neobank Fortú launches with Galileo Financial Technologies
Fortú plans to focus on Latinx communities and their unique needs.
Liberty Bank signs digital banking deal with Alkami Technology
Connecticut-based bank seeks to revamp its services with Texan vendor.
Canadian fintech Wealthsimple raises record $610m at $4bn valuation
The fintech started off as a robo-advisor back in 2014.
Digital challenger Arrow pledges to save Americans $5,000 in five years
Digital challenger pledges to save Americans $5,000 in five years.
Bank of America CTO: Cyberattacks on banks “surged” during pandemic
Cyberattacks have surged “dramatically”, says BoA exec.
FinHealth Spend Report uncovers market opportunities and need for innovation
In 2020 Americans spent more than $300bn in interest and fees across common financial services.
JP Morgan, DBS Bank and Temasek to form new payments platform
The platform will start by facilitating flows between Singapore-based banks.
State Street hires Aman Thind as new global chief architect
Aman Thind will drive the US bank’s technology transformation.
Nymbus lands $20m from Vystar Credit Union for new CUSO
Core banking vendor’s new project wastes no time in landing funding.
