Fintech Unlimint to become Telegram’s official payment provider
The integration will allow Telegram users to purchase services and goods directly through the messenger.
UK
Atlantic Money secures payment institution approval in Belgium, eyes EU
The firm received approval to operate as a payment institution from the National Bank of Belgium (NBB).
Sustainable neobank Ashman lands UK banking licence
Birmingham-based firm plans on achieving full regulatory approval before starting operations.
UK neobank Kroo gains full banking licence
Kroo can now offer depositors protection for up to £85,000 through the FSCS.
Crypto paytech Wirex makes a comeback in the UK
Along with resuming services, Wirex also announced that it is launching multiple offerings.
Marygold acquires Tiger Financial & Asset Management for UK expansion
Tiger’s core business is managing clients’ financial wealth across a range of products.
Stripe simplifies bank transfers for UK, EU and Mexican businesses
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
B2B BNPL fintech Hokodo raises $40m in Series B funding round
Hokodo says it will use the funding to expand into new European markets and develop new products.
Europe funding round-up: Bits of Stock, Formance, Aveni, and Datia
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Sustainability data platform ESG Book raises $35m Series B
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
B2B BNPL fintech Playter lands $55m funding round
The round was led by Adit Venture Capital and Fasanara Capital.
Payment Systems Regulator outlines upcoming card fee market reviews
Both reviews focus on Mastercard and Visa; the pair make up 99% of debit and credit card payments in the UK.
UK challenger bank Recognise appoints Sahil Thapa as CTO
Recognise says Thapa “has the vision and ability to lead the Bank’s technology strategy”.
UK start-up StrideUp in £280m funding deal for new mortgage plan
It has also entered a strategic partnership with ARA Venn, a real-estate debt investment manager.
Gen Z financial assistant app Cleo raises $80m at $500m valuation
Cleo will use the funds to shore up and expand its services as a global economic winter begins to bite.
BNPL regulation by UK gov set to “protect millions”
Lenders offering BNPL services will need to be approved by the Financial Conduct Authority (FCA).
UK neolender Proportunity set to launch zero deposit mortgage product
The announcement was made as part of its crowdfunding campaign with Seedrs.
The Bank of London invests in Belfast and creates over 200 new jobs
The Bank of London says it is making a “multi-million pound” investment in Belfast.
Santander UK appoints new COO and CTO
Elisabet Pinilla will join as the new CTO, and Stephen White as the new COO.
Paytech PPRO hires Rahul Raswant as new chief financial officer
Raswant has held roles at Standard Chartered Bank and consultancy McKinsey.
Banking start-up Fiinu to launch plug-in overdraft, list on LSE
Fiinu is set to be acquired by media company Immedia for approximately £37.5 million.
Euronext migrates core data centre from UK to Italy
The move has been a strategic decision made in response to multiple factors including Brexit.
MDXT acquires low-code/no-code SaaS workflow solution Iceflow
Iceflow creator Graham Denyer will join MDX Technology as CTO.
Money 20/20 Europe: Digiseq connects the digital and physical world
At Money 20/20 Europe, FinTech Futures sat down with David Birch, chair of wearable payments disruptor Digiseq.
Virgin Money in three-year deal with Trade Ledger to digitise business lending
“At the heart of the partnership is the delivery of a digital decisioning platform,” Trade Ledger says.
Money 20/20 Europe: A new era for a digital Sterling
Project New Era, set to launch in September, is a pilot evaluating the future digital currency ecosystem in the UK.
Challenger bank for UK SMEs, Allica, secures additional £55m funding
The total funding raised by Allica Bank now stands at £285 million.
Mortgage tech firm Twenty7Tec takes over Bluecoat Software
The acquisition is “set to revolutionise both the wealth and mortgage technology markets”, the firms say.
Open banking specialist Yapily appoints new CTO
Yapily has named Noam Oren its new CTO as it plans European expansion.
Virgin Money partners SurePay to implement Confirmation of Payee
Virgin Money says it chose SurePay due to its “extensive experience” in providing Confirmation of Payee solutions.
New trade finance bank Neotrade launches in the UK
Neotrade provides financing for SMEs using an AI-based scoring system.
Fleetcor to acquire cross-border paytech Global Reach
Fleetcor has signed a definitive agreement to acquire UK-based Global Reach Group.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
Money 20/20 Europe: Mastercard’s open banking guru on payments and data
Jim Wadsworth discusses working with fintechs, open banking, becoming a paytech and safeguarding data.
Open banking fintech Bud closes $80m Series B funding round
The new funding will be used for further international expansion, Bud says.
New European entrant in banking and payments space – Monty Finance
Its two main products are MyMonty, a digital banking service, and MontyPay, a digital payment gateway system.
Temenos gains new paytech client in the UK, Optimus Cards
Temenos’ tech was chosen for its proven reliability, resilience, and flexibility, says CEO of Optimus Cards.
Challenger banks Allica and Plazo turn to Mambu for tech
Allica Bank is live with Mambu’s core, while Plazo will use the vendor’s tech to support its lending business.
