LHV Group lands £30m to capitalise new UK bank
Part of the proceeds from the fundraise will be used to capitalise LHV’s new UK bank.
UK
UK money app Ziglu taps ClearBank for virtual bank accounts
The clearing bank will power Ziglu’s real-time processing and reporting for its GBP virtual accounts.
Money 20/20 Europe: Mode CEO Rita Liu on crypto adoption and regulation
Education and regulatory clarity are key to mass adoption of crypto, Mode CEO Rita Liu says.
FinTech Futures Jobs: Three of the best UK tech hubs outside of London
Find your next fintech career move on the FinTech Futures job board today.
A2A paytech Trustly buys open banking platform Ecospend
Trustly is aiming to boost its footprint in the UK market, which it says “presents a dynamic ecosystem”.
Barclays to shutter 27 more branches, taking its total to 103 branch closures for the year
As customers increasingly bank digitally, Barclays is “carefully reducing” the number of underused branches.
UK paytech GPS appoints Jill Docherty as director of global partnerships
Docherty will sit on GPS’ global executive committee overseeing all GPS ecosystem partners.
Stephen Lancaster appointed CEO at GB Bank
Lancaster will be responsible for leading GB Bank as it gears up for launch in Q3 2022.
Neobank Kroo lands £26m in Series B funding round
Kroo says it will use the funding to further its growth and development.
UK payments platform xpate launches core banking system
Xpate says legacy IT platforms threaten the efficiency and profitability of merchants and acquirers.
Commodity hedging platform Stable secures $60m Series B
Stable bills itself as a way for agribusinesses to “protect themselves from volatile commodity prices”.
Lending platform kennek partners Mambu for B2B ‘lender-in-a-box’ solution
The new ‘plug-and-play’ credit infrastructure is targeted at alternative lender and credit investor firms.
Revenue-based lender Bloom bags £300m Series A
The funding will be used to scale its business in Europe and the US.
UK start-up Alpher selects WealthKernel to power its female-first investment platform
WealthKernel will assist Alpher with its core investing infrastructure.
ICYMI fintech funding round-up: Tranch, Quantifeed, Chekk & Crowd Data Systems
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Payments infrastructure provider Paddle snaps up ProfitWell for $200m
Paddle will integrate ProfitWell’s financial metrics, as well as its pricing and retention software.
NatWest partners Microsoft and Accenture for customer engagement platform
The new platform will integrate all of NatWest’s front office legacy systems.
Moneybase partners Compass Plus Technologies for new app and cards
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
UK’s Previse raises $18m in Series B round
The round was led by Tencent with participation from existing investors.
Creditspring raises £48m to improve financial stability across UK
The latest funding round takes Creditspring’s total funds raised to date to £70 million.
BaaS fintech Griffin taps Clausematch for banking licence applications
Clausematch simplified the application to the Prudential Regulation Authority and the Financial Conduct Authority.
The Credit Thing goes live with TrueLayer’s recurring payments API
The Credit Thing will now use TrueLayer’s recurring payment API for improved customer experience.
FinTech Futures: Top five stories of the week – 20 May 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
MarketFinance raises debt financing from Deutsche Bank
The company says the funds will be used to provide up to £100 million in lending to UK SMEs.
LSEG to acquire market data solutions provider MayStreet
The acquisition is expected to close in H1 2022.
KPMG UK hires Crypto UK exec to bolster digital asset services
KPMG UK says the hires will allow it to offer clients “additional high calibre expertise”.
Europe fintech funding round-up: Findity, Recognise Bank, Moneybox, Circit & Klarpay
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Ophelos partners Plend for ethical debt resolution
Ophelos’ machine learning platform will enable Plend to support customers in debt with “fair” payback options.
UK challenger Atom hires Andy Sturrock as CTO
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
Finbourne Technology hires Robert Byrne as CTO
The appointment follows the company’s recent expansion into North America and APAC.
Neolender ThinCats taps cloud banking vendor Mambu as it looks to scale
ThinCats will leverage Mambu’s cloud banking solutions and its SaaS technology platform.
Embedded payments platform Modulr raises $108m Series C
Modulr will use the funding to expand its geographic footprint and become a “pan-European payments champion”.
Nude partners GoCardless to deliver VRP inter-account payments
Via the GoCardless network Nude will be among the first in the UK to leverage Variable Recurring Payments (VRP).
Core banking vendor Thought Machine raises $160m Series D
Thought Machine’s valuation has doubled since its Series C in November last year, when it raised $200 million.
Tide partners Sage to offer new tax and accounting product
Tide says its new offering will reduce the “time and stress of traditional accounting” for its customers.
Report: Northern Ireland fintech – leaders in ESG
A deep dive into how Northern Ireland became a pioneer in the advances of fintech, regtech and ESG.
NatWest Group fined £1.82m for overcharging credit card interchange fees
NatWest, RBS, Ulster Bank and Coutts incorrectly treated a number of cards as being ‘commercial’ cards.
Digital assets platform Elwood lands $70m Series A
The Series A cash will go towards expanding Elwood’s product offerings and global operations.
Token lands $40m to scale open banking payments in Europe
Existing investors Octopus Ventures, Opera Tech Ventures and SBI Investment also participated.
EMEA funding round-up: Cashew, Stanhope, Elucidate, Spades, Sun Zu Lab & sqft.capital
A handy round-up of the recent funding endeavours of fintech companies across EMEA.
