Europe fintech funding round-up: Payable, Axyon AI, Cube and HeidiPay
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK
Digital receipts start-up Flux closing down
Flux says that from 14 October, they “will no longer be able to receive digital receipts or cashback offers”.
UK fintech GoHenry lands $55m in fresh funding round
Existing investors Edison Partners and Revaia took part with Italian paytech Nexi joining in as a new investor.
Bank North sells lending business to LHV UK as it winds down operations
LHV UK’s parent, Estonian banking group LHV, is also an investor in Bank North.
MarketFinance nets £30m credit facility from Israeli investment group Viola
Viola had previously invested £75 million in the company to support its entry into the business loans segment.
OakNorth Bank buys 50% stake in specialist lender ASK Partners
Both firms say the transaction will enable them to continue providing “holistic” funding solutions to customers.
Santander UK launches in-app service to help customers manage their home
The new service allows users to view home value estimates, mortgage balance, EPC ratings and make home repairs.
SurePay selected by Railsr as confirmation of payee vendor
Railsr has selected SurePay as its UK Faster Payments (UKFP) confirmation of payee (CoP) vendor.
BNP Paribas to provide £200m financing to UK consumer lender Fluro
Fluro is a new name and brand for embedded lender Lending Works.
Family-focused financial wellness app Fr33m3n gears up for launch
The app will offer financial literacy programmes such as lectures, tutorials, podcasts and webinars.
The fourth edition of the Fintech Talents Festival to take place in November
Join the UK’s largest and most impactful UK fintech festival next month and hear from 400+ speakers.
Payment Systems Regulator outlines card-acquiring market remedies
Focusing on 14 providers will ensure “around 95% of transactions for the merchants our remedies will protect will be regulated”.
Mind the gap: how the Fintech Growth Fund aims to boost the UK fintech scene
The fund is set to raise capital from investors and pump money into UK fintechs looking to scale.
Europe fintech funding round-up: Plum, NoFrixion, Currensea and Finteum
Our weekly round-up for you to get the latest fintech funding news from around the UK and Europe.
European community fintech 11Onze launches SME banking app
11Onze chair James Sène says SMEs are “the lifeblood of our communities and global economies”.
Blockchain firm SETL partners Swift for common tokenisation framework pilot
Parties from both the tokenised and traditional asset worlds collaborated on the project.
Welsh neobank Banc Cambria gearing up for launch next year
Banc Cambria is understood to be targeting a 2023 launch and hopes to reverse the tide of bank branch closures.
UK challenger Zopa in talks to raise $100m before mooted public listing
Zopa is reportedly in “detailed negotiations” with shareholders to raise around $100m.
Adyen partners open banking platform Tink for A2A payment solution
Adyen says its open banking integration will launch first in the UK, with plans to expand to multiple markets in 2023.
Railsr secures $46m in Series C funding
CEO and co-founder Nigel Verdon says the funding is a “significant step on our route to profitability”.
Funding Circle forms lending partnership with Bayview Asset Management
The partnership aims to support “thousands” of UK small and medium-sized enterprises (SMEs).
UK challenger Bank North collapses
The bank failed to raise the funds needed for a full banking licence.
Societe Generale set to buy majority stake in PayXpert
Societe Generale aims to broaden payment offerings for European merchants through the acquisition.
UK SaaS platform Toqio nabs £17.2m in Series A funding
The funding also includes a £1.1 million grant from a Spanish public organisation for technology development.
Mobile payments service Paym to shutter in 2023
Pay.UK will wind down Paym after declining payment volumes and fewer signups over the past three years.
Tandem CEO Susie Aliker to step down, Alex Mollart to take over
Mollart is currently deputy CEO at the bank, having joined through the acquisition of Oplo.
Revolut can offer crypto asset services after FCA AML registration
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
Liberis lands additional £140m investment from Barclays and BCI Finance
Barclays initially invested £34m in Liberis in December last year.
London-based open banking app sync. goes into administration
Start-up sync. was planning “massive growth” in 2021, powered by Railsr’s BaaS platform.
Zepz appoints Robert Mitchell as new group CFO
Headquartered in London, Zepz powers remittances for WorldRemit and SendWave.
Digital bank Paytend taps Tribe for issuing and acquiring services
Paytend says the partnership with Tribe will enable more efficient payment services.
Fintech mortgage lender Perenna lands $30m Series A from IAG Silverstripe
CEO Arjan Verbeek says the investment is “an endorsement of our mission to offer consumer-friendly mortgages”.
European fintechs join forces to make open finance a reality
The OFA wants to usher in an era of open finance in much the same way the EU’s 2016 PSD2 did for open banking.
Banking app for “global citizens” Bankkit launches in UK
The app offers overseas bill payment functionality and an integrated current account.
Banking start-up Fiinu readies for launch with new leadership hires
Fiinu has hired a new CFO, CPO and head of technology.
New digital bank Bond to launch soon in the UK
Bond is gearing up to launch sometime in Q1 2023.
Virgin Money names Sarah Wilkinson as new COO
Wilkinson joins from Thomson Reuters, where she currently serves as CIO and head of TR Labs.
Citi to wind down UK retail banking ops to focus on wealth management
Citi’s retail banking footprint in the UK is small, with one branch at its EMEA headquarters in Canary Wharf.
B2B fintech Sequence lands $19m seed funding
The round was led by US venture capital firm Andreessen Horowitz.
CSI’s tech to underpin new UK challenger Bevan Money
Bevan Money aims to launch sometime in late 2023 or early 2024.
