SME financing platform Stenn lands $50m equity investment
Stenn CEO Greg Karpovsky says: “A lack of access to finance is stunting the growth of SMEs around the world.”
UK
Paysafe appoints former FIS president as new CEO
Bruce Lowthers succeeds Philip McHugh, who is stepping down after three years in the role.
Bank of England’s fintech chief Varun Paul leaves for digital asset platform Fireblocks
Paul has been at the central bank for 16 years and spent just over a year as head of the fintech hub.
How GoCodeGreen is aiming to make fintech software net-zero
Eric Zie, CEO and founder of GoCodeGreen, talks to FinTech Futures about the push for sustainable software engineering.
FinTech Futures: Top five stories of the week – 8 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK fintech funding round-up: Timeline, Leatherback & Network B
A handy round-up of the recent funding endeavours of UK-based fintechs.
UK fintech Fidel API secures $65m Series B round
Funding will help the firm meet the “ever increasing demand for tools that enable programmable money experiences”.
Kevin Guy joins UK challenger MoneeMint as COO
Guy has 36 years’ worth of experience across banking and financial services.
NatWest taps Bottomline to tackle authorised push payment fraud
NatWest will look to utilise Bottomline’s confirmation of payee (CoP) solution.
UK’s Zopa Bank hits profitability less than two years since launch
The firm claims it is “one of the fastest digital banks to achieve profitability ever”.
Mike Regnier takes the reins as new Santander UK CEO
Regnier joins Santander from Yorkshire Building Society, where he was CEO since 2017.
Two years on from the FCA’s AML/CTF registration regime, how are firms managing?
Two years on from its introduction, how have cryptoasset firms been navigating the registration process?
Oxbury Bank raises £31m in Series C funding, acquires core banking tech provider Naqoda
Oxbury Bank is a start-up bank in the UK focused on the agricultural sector.
UK savings app Moneybox lands £35m Series D
The investment brings Moneybox’s total funding raised to date to £95 million.
Blockchain.com valued at $14bn following Series D funding round
The round was led by Lightspeed Venture Partners with participation from Baillie Gifford.
RBC set to acquire UK wealth management firm Brewin Dolphin in £1.6bn deal
The deal is subject to shareholder and regulatory approval and is expected to be completed by Q3 2022.
UK credit card start-up Yonder exits stealth, raises £20m
Yonder is designed for the five million-strong ‘credit invisible’ market underserved by current credit providers.
UK Infrastructure Bank embarks on system selection
UKIB, a new government-owned bank, is looking for a core banking system and has issued a tender.
FinTech Futures Jobs: Three great London-based jobs to apply for this week
Exciting open vacancies at Freetrade, Shopify and Railsbank. Apply today!
Charity donation app Toucan acquires fellow start-up DonatePal
DonatePal co-founder Zishan Sheikh will also join Toucan as a board advisor.
Mobile payments firm PM Connect appoints new CEO and CTO
Kevin Dawson has joined as the new group CEO with Sanjay Mistry joining as CTO in June.
Vitruvian partners German fintech start-up Moonfare, invests $35m
The funding from Vitruvian brings Moonfare’s total capital raised to date to $220 million.
Lloyds Banking Group to shutter 60 UK branches
Of the 60 closures, 24 are Lloyds Bank branches, 19 are Bank of Scotland and 17 are Halifax.
The systemic risks and vast opportunities in fintech
We speak with Megan Long, senior consultant at Deloitte, about the vulnerabilities, risks and innovations in the fintech ecosystem.
Tech giant Apple snaps up UK open banking firm Credit Kudos
Credit Kudos leverages machine learning to provide lenders an alternative to traditional credit scores.
UK challenger bank Gatehouse looks to raise capital
Gatehouse Bank has appointed Strategy&, PwC’s global strategy consulting business, as its adviser.
Money transfer app Atlantic Money prepares for launch in UK
Atlantic Money claims users can save up to 99% against providers such as PayPal, Wise and Western Union.
Challenger bank Chetwood acquires core banking tech vendor Yobota
The two companies were founded alongside each other in 2016 but developed as separate entities.
UK fintech funding round-up: Answer Pay, ScribeStar, SimplyPayMe, Smartr365, & Versori
A handy round-up of the recent funding endeavours of UK-based fintechs.
UK fintech Monese hires Alistair Bennett as chief product officer
Bennett will also join Monese’s leadership team, subject to FCA approval.
Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
Andaria live with digital business current account in UK and EU
The regulated company says its account provides access to 100+ currencies and real-time foreign exchange.
Finovate Europe 2022: how the industry should work together to drive financial inclusion
Panelists from Morgan Stanley, Papara and Monzo discussed the ways to achieve more financial inclusion in fintech.
FCA says all UK crypto ATMs must be shut down
The FCA says none of the cryptoasset firms registered with the regulator have been approved to offer crypto ATM services.
London Stock Exchange Group sells BETA+ in $1.1bn deal
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
ClearBank lands £175m investment to fuel global expansion plans
The investment remains subject to Prudential Regulation Authority and Financial Conduct Authority approval.
UK-based consumer lending specialist Oakbrook Finance raises £142m in capital
The new capital was provided by JP Morgan and Atalaya Capital Management.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
HSBC to shutter 69 UK branches as more customers move online
HSBC says no planned closures are the last bank branch in town.
Alternative business lender ThinCats appoints tech leadership, plans growth
Ex-Aldermore Bank Billy Ferguson joins ThinCats as chief technical officer.
