Financial “cockpit” for SMEs Ageras raises €30m
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
USA
US fintech start-ups Airbase, Genesis Volatility, and Tilled raise funds
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
US mobile banking app Spruce launches powered by SoFi Technologies’ Galileo
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
Private equity firm Madison Dearborn Partners to acquire MoneyGram for $1.8bn
The transaction is expected to close in Q4 2022.
Billtrust grows European presence with Order2Cash acquisition
Order2Cash is a B2B order-to-cash platform provider in the Netherlands.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
Temenos goes live at Commerce Bank, makes new senior hire to drive sales
Ex-Tibco senior exec Erich Gerber joins Temenos as president and chief revenue officer.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Brazil’s Banco Itaú partners US paytech Rêv to launch multi-currency digital wallet
The Itaú Global Wallet was developed by Rêv on its multi-currency payments processing platform.
Former Google Cloud product lead Amir Hermelin joins FICO as CTO
At Google, Hermelin was in charge of planning and executing the tech giant’s cloud platform strategy.
Compliance tech provider Sardine raises $19.5m in Series A
New funding came from Andreessen Horowitz, NYCA and Experian Ventures.
One week until nomination deadline for Banking Tech Awards USA
The deadline for nominations is Friday 18 February.
SumUp selects Worldpay from FIS to support global expansion
London-based SumUp supports more than 3.5 million merchants across 30 markets.
Form3 poaches senior Swift exec to drive US expansion
Dave Scola moves from Swift to become Form3’s US chief executive.
FIS names new president, Stephanie Ferris
Ferris joined FIS through its 2019 acquisition of payments software firm Worldpay.
Apple’s iPhone to accept contactless payments with new ‘Tap to Pay’ feature
Tap to Pay will allow US merchants to accept cards, Apple Pay and digital wallet payments.
Mos secures $40m Series B funding to drive product expansion
The cash will go towards hiring new staff as Mos looks to maintain its recent growth spurt.
US start-up LoanStreet closes $25m Series B funding round, eyes Canada
Founded in 2013, LoanStreet claims 1,200+ US banks, credit unions, and direct lenders as customers.
Lowering the ladder: how NY fintech Xrent plans to help millennials become homeowners
“We have seen a widening wealth gap trend without much sign of slowing down,” says Xrent.
Fiserv acquires rival core vendor Finxact for $650m
Finxact was set up in 2016 to bring a modern, cloud-based alternative to the US market.
KeyBank taps Google Cloud for cloud banking operations upgrade
The move will allow KeyBank to speed up the digitisation of its banking processes.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Bank of Baroda taps enterprise tech provider NCR for ATM-as-a-Service solution
The Indian bank says the new ATMs will offer “expanded transaction options via our self-service channel”.
Subscription management platform Chargebee valued at $3.5bn following $250m raise
Chargebee CEO says the firm solves infrastructure issues facing high-growth subscription businesses.
UK challenger Monzo opens its doors to US customers
The launch comes four months after Monzo abandoned its attempts to gain a US banking licence.
White paper: Real-time payments – the exciting state of the union
An update on the state of RTP in the US, based on Aite-Novarica Group’s in-depth research.
Goldman Sachs’ veteran tech head Nash Panchal to take over as MarketAxess CIO
MarketAxess COO says Panchal brings “impressive record” of leading global tech organisations.
White paper: Real-time integrated payables – the killer use case for RTP
This extensive report is an update on the state of RTP in the US and the evolving opportunity landscape.
Meta drops crypto project Diem due to regulatory roadblocks
The Diem Association has sold its intellectual property and tech assets to Silvergate Capital in a $182m deal.
FTX Trading secures $400m Series C funding at $32bn valuation
The firm now claims to be the third-largest crypto exchange in the world.
Bolt founder Ryan Breslow announces new CEO after Silicon Valley Twitter rant
Breslow has moved to a new role as executive chairman, focusing on funding and acquisitions.
New US debit card fintech Xrent aims to help renters get on the property ladder
The fintech’s ‘rent-to-mortgage’ programme is designed to direct rent payments toward homeownership.
CoinTracker lands unicorn status with $100m Series A round
Users collectively track over $50 billion in crypto assets on CoinTracker.
US mutual savings bank Mascoma in tech revamp with Thought Machine
“We believe that modern technology is the key to unlocking superior customer service,” says Mascoma CEO.
Digital asset custody platform Fireblocks worth $8bn following $550m Series E
The round makes Fireblocks the highest-valued digital asset infrastructure provider in the world.
Black-owned wealthtech start-up Esusu hits $1bn valuation following $130m Series B
Esusu is now one of just a handful of Black-owned unicorn start-ups in the world.
Anti-fraud firm ClearSale acquires US tech start-up ChargebackOps for initial $3.6m
“Chargebacks are an enormous and growing problem for e-commerce merchants,” says ClearSale EVP.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Paystone snaps up merchant services provider Canadian Payment Services
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
Banking Tech Awards 2021 Highly Commended: QuickFi – Best Use of IT for Lending
QuickFi eliminates loan officers and other salespeople in favour of an entirely new borrower self-service experience.
