Payments fintech Vitesse raises $93m Series C funding to fuel US expansion efforts
Vitesse has also appointed former 10x Banking chief Curt Hess as its new US executive president.
Vitesse has also appointed former 10x Banking chief Curt Hess as its new US executive president.
The total penalty consists of a £33,880,000 fine from the PRA and a £27,766,200 fine from the FCA.
Industry leaders convened in San Francisco on Tuesday to kick off FinovateSpring 2024.
The regulator says it is suing the firm for “deceiving borrowers and illegally extracting fees”.
The investment aims to “help connect young people and underserved communities to economic opportunities”.
Agora will use the funding to “accelerate its expansion efforts” and further develop its product offerings.
New products include a Passkey service, Visa data tokens and the Visa Flexible Credential for payments.
Download this free e-book to unlock fintech success: optimize CX, boost retention, and drive profit with innovative strategies.
Cache Valley Bank also plans to migrate all on-premises software to the cloud over time.
The US-based start-up has also introduced its new “homegrown bank aggregator” called Aerosync.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The funding consists of $150 million in debt financing and $15 million in equity.
Through this acquisition, Cube aims to “set a new bar for the industry in regulatory automation”.
The bank has also tapped Temenos’ US Model Bank to “meet the unique business needs of the US market”.
The bank will utilise Corserv’s Account Issuer solution to power its new credit card offering.
Kyndryl will provide the SIS business operated under Broadridge Canada with managed services.
The integration is to replace Bankart’s legacy payment processing platform provided by ACI Worldwide.
The company previously announced its intention to purchase Synapse’s assets last month.
Aplazo has now secured over $100 million in equity financing since its formation in 2020.
FutureMoney’s flagship offering is its tax-advantaged Junior Roth IRA account, which leverages 529 plans.
The transfer of Paymerang from Aldrich Capital to Corpay is expected to close this quarter.
The start-up’s solution seeks to provides SaaS firms with a pre-built embeddable payment service.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Shibata has previously served as an MD at Morgan Stanley, JP Morgan, and Bank of America.
Chime is to also pay “at least $1.3 million in redress to harmed consumers”.
The digital payment and cash flow management solution is the result of Fiserv’s partnership with Melio.
The bank is to adopt Jack Henry’s core processing solution and digital banking platform Banno.
Butler has served as an outsourced consultant for Nepsis for over a decade.
The firm will leverage Duco’s tech to “manage data effectively while reducing operational risk”.
Lloyds is aiming to boost its “developer experience, software quality, and speed to market”.
SoFi Money – the unit targeted by fraudsters – was ultimately closed by the fintech in June 2022.
The capability enables the platform’s users to transfer funds to any eligible Visa account globally.
The platform seeks to enable banks and credit unions to cultivate personalised digital experiences.
The bank was previously hit with a $348 million fine from the OCC and FRB in March.
The platform will support Libro with loan origination, customer onboarding and deposit account opening.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The investment adds to the $48 million raised during Securitize’s Series B funding round in 2021.
Larson previously spent over eight years at Canadian multinational information corporation Thomson Reuters.
The bank says it’s currently engaged in a “digital modernisation journey” for its SME clients and retail customers.
Glover has served as CRO of nCino since 2019, and became its president in 2021.