Green fintech start-up Tred launches new carbon-tracking banking app
At the end of each month, Tred users are nudged to offset any carbon their spending has emitted.
UK
New bank for public sector workers set to launch next year in the UK
The aspiring bank aims to submit its banking authorisation application by the end of this year.
Social investing start-up Shares bags $40m in Series B funding round
The new funds will be used for product development and to fuel its global expansion plans.
UK fintech investment defies global downturn with 24% growth
UK-based fintech firms received $9.1 billion in investment spread across 294 deals in H1 2022.
Curve appoints new CPO Eyal Galina to build out product offering
Galina will be responsible for Curve’s product roadmap and strategy as it looks to boost its presence in the US.
Scottish Building Society taps AML firm Jade ThirdEye to upgrade security
Jade ThirdEye will upgrade the firm’s existing transaction monitoring solution.
FX firm Monex Europe hires former Mastercard exec as new CTO
John Gallagher joins as one of three new leadership hires at the firm.
Pennyworth partners Moneyhub for financial planning tool
The offering is targeted towards those with salaries between £40,000 and £150,000.
Wealthtech FNZ snaps up private banking tech provider New Access
New Access is primarily active in Switzerland, Liechtenstein and Luxembourg.
Starling withdraws Irish banking licence application in expansion rethink
Starling says it will take its software to banks worldwide through its SaaS subsidiary, Engine.
Funding Circle hires Bruno Tavares as new VP of engineering
Tavares has more than 20 years worth of experience across technology and engineering.
UK challenger Kroo expands partnership with ClearBank
ClearBank has worked with Kroo since 2019 in its journey towards becoming a fully regulated bank.
Saleem Arshad appointed as new CTO for Revolut India
Arshad will help shape Revolut’s product offerings and technology for the Indian market.
FCA tells banks to treat struggling small business borrowers fairly
The move comes as part of the regulator’s work in response to the increasing cost of living.
Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
A2A paytech Volt hires Stuart Barclay as new VP of strategy
Barclay joins from Swedish open banking unicorn Trustly.
Multi-currency investment platform Lightyear lands $25m Series A
The Series A will support the company’s expansion into 19 European markets.
UK fintech funding round-up: Griffin, Novatus, Zazuu and Plenitude
A handy round-up of the recent funding endeavours of fintech companies in the UK.
Coremont hires Akbar Sheriff as new global COO and partner
Sheriff joins Coremont from State Street, where he held multiple global and regional leadership roles.
Recognise Bank taps TruNarrative for digital customer onboarding solution
The RiskNarrative platform will digitise a number of AML and KYC processes via a single API.
ING spins out digital post-trade market infrastructure tech to GMEX Group
GMEX intends to combine Pyctor with its MultiHub offering.
FCA appoints six new directors as it embarks on “ambitious” new strategy
The appointments sit alongside the nearly 500 new staff hired this year.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Sid Jajodia appointed as Revolut’s new US CEO
Jajodia joined Revolut as chief banking officer in 2021 and will continue in this role alongside his new position.
GoHenry acquires French fintech Pixpay to drive European expansion
Both firms will continue to operate under their own brands with no change in leadership or headcount.
UK fintech Sonovate secures £165m securitisation deal
Sonovate says the deal will enable it to lend over £1.3 billion in invoices “this year alone”.
Europe fintech funding round-up: Currensea, Zeed, BKN301 and pfs
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK fintech Mode hires Jose Sanchez Loureda as CTO
Loureda will be tasked with helping Mode enhance its digital wallet offering.
Seedrs partners Form3 and LHV UK for real-time payments
The partnership will make it easier for retail investors to invest in European businesses, Seedrs says.
Nexo offers to buy crypto platform Vauld following “financial challenges”
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
DND Finance launches UK’s first Shariah-certified credit card
The Score Mastercard enables new-to-UK users to transact and build up their credit history.
Nigerian fintech Moove lands $20m from British International Investment
BII is the new name of CDC Group, the UK government’s development finance institution.
Oxbury Bank lands £20m in additional funding
The new cash injection takes the firm’s total capital raised to £68 million.
FCA proposes updated guidance to protect access to banking services
Banks and building societies will have to assess the impact of any reduction in the services they provide.
UK paytech GPS announces new senior leadership changes
Dewar was CEO at GPS for over four years, while Schultz joins over from Fiserv.
GoCardless to buy Latvian open banking platform Nordigen
The deal is expected to close later in the summer.
The Bank of London hires new co-president and group chief product officer
Tam Holmes joins from 10x Banking where he spent five years.
iBanFirst snaps up UK foreign exchange provider Cornhill
The firm hopes the deal will help SMBs across Europe tackle Brexit-related payment challenges.
London BNPL firm Zilch raises additional $50m in Series C extension
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
OBIE report shows open banking and cloud accounting benefit SMEs
Cloud accounting makes small businesses feel more efficient, according to 84% of respondents.
