Jakub Jurek joins Varo Bank as chief data officer
He brings over 18 years of data expertise in academia and fintechs.
North America
Robinhood backer Tiger Global leads $200m investment in rival Public.com
Public.com – as on 1 February – decided to stop making profits from payment for order flows.
MoneyLion set to go public via $2.9bn Spac deal
The fintech anticipates year-over-year growth of around 88%.
Reimagining the financial system with tokenised barter
Modern blockchain powered barter systems will change the way we view accessing, growing, and owning wealth.
Fintech funding deals globally 8-14 February 2021
Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare.
SoLo Funds snaps up $10m Series A for P2P lending
SoLo brought in $12m, which includes a $2.8m seed round and a series of convertible notes.
US Faster Payments Council report shows state of US payments
It provides a true illustration and understanding of how funds move on the networks.
Monzo appoints Carol Kobuke Nelson as new US president and CEO
Nelson spent 23 years at Bank of America.
Is 2021 the year to inspire better banking?
Sanat Rao says the time is right to invest in back-end systems change.
BNY Mellon to finance crytpo and signs Google Cloud deal
The bank cites “growing client demand for digital assets”.
US core banking vendor Nymbus lands $53m top-up led by existing backer
Nymbus is gearing up to launch “Nymbus Labs”.
Six Black-owned banks receive funding from Well Fargo’s $50m MDI pledge
The banks will have access to a dedicated Wells Fargo relationship team.
ICYMI funding round-up: Trade Ledger, Mesh, Safepay, Globacap & more
We round up some of the funding rounds that may have slipped you by.
How brands are becoming the banks of tomorrow
To understand what the bank of tomorrow looks like, we must first understand how they developed.
Dublin’s ION Group snaps up New York trading tech firm Dash
ION Group has bought a handful of other firms to date.
San Fran fintech Zeta lands $1.5m for couples banking
Currently, the start-up makes money on partial interchange fees.
BankPlus replacing 30-year-old core system with Jack Henry’s SilverLake
Southwestern US bank picked SilverLake after feedback from its peers.
Banking Technology February 2021 issue out now
The roaring 20s.
USAA Federal Savings Bank nabs new risk head from Citigroup
Neeraj Singh replaces retiring Torben Ostergaard.
Challenger Climate First Bank to launch in Florida’s Tampa Bay Area in Spring
The start-up wants to become a full-service community bank.
NCR acquires digital onboarding start-up Terafina
Terafina marks NCR’s third acquisition this year.
Tech CU picks Backbase to revamp digital processes
Silicon Valley-based institution looks to the future with digital vendor.
Bill.com edges closer to profitability, shares up 30%
Between last October and December, revenue was up 38%, to $54 million.
Bottomline Technologies acquires TreasuryXpress
The US firm is expanding its treasury tools for corporates.
US investor Stash lands $125m Series G ten months after last round
Stash’s last valuation sits at around $812 million.
Texan digital challenger Fair set to launch in Spring
This month, the start-up opened its waiting list.
Cross-border payments fintech Payoneer to IPO with $3.3bn Spac merger
Payoneer is reportedly profitable and expects to pull in $432 million in revenues this year.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
PayPal posts 22% revenue rise on back of e-commerce growth
2020 set unprecedented records for PayPal, but its 2021 outlook is more conservative.
Santander’s profits down 35%, but Botín bets on vaccine for 2021
“Vaccination is the most important economic policy for 2021,” says Botín.
First Horizon Bank picks Finxact’s cloud-based core
First Horizon to deploy Finxact in its subsidiary brand VirtualBank
Crypto exchange Gemini furthers banking play with savings accounts
Rates of up to 7.4% annual percentage yield (APY) will apply.
Checkout hires ex-Twilio and WeWork execs for “public market” experience
The fintech has been the subject of much IPO talk.
Nymbus expands leadership team with new hires
Sarah Howell joins as chief alliance officer, while Larry McClanahan is chief product officer.
Robinhood raises $3.4bn, co-CEO set to face US politicians this month
Allegations allege Robinhood succumbed to pressure from big-paying hedge fund clients.
Goldman winds down Clarity Money to focus on Marcus Insights
Clarity Money is due to close on 5 March.
Ripple faces a new class-action lawsuit in Florida over unregistered XRP sales
Ripple has maintained that XRP is not a security and has vowed to fight the SEC charges.
Barclays reveals fintech start-ups in its 2021 New York Techstars accelerator
Barclays’ 2021 cohort includes four data-focused fintechs.
Acquiring pricing models
A breakdown of the benefits and challenges presented by each merchant pricing model.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
