AI-powered shopping app nate raises $38m in Series A round
The company has now raised $51 million in total.
USA
JP Morgan acquires digital wealth manager Nutmeg
Nutmeg will complement the launch of JP Morgan’s digital bank Chase.
Fiserv lands payments deal with Pentagon Federal Credit Union
The credit union is the second largest in the US.
PayCargo lands $125m in Series B investment from Insight Partners
Freight payments firm plans product development with new windfall.
American Express debuts checking account product for small US businesses
The product has been developed by recent AmEx acquisition Kabbage.
Stripe launches AI-based identity verification tool
Stripe Identity aims to help online businesses prevent fraud when accepting payments.
Real-time payments have real-time benefits especially for small businesses
In addition to money, faster payments are also about instant connectivity, precision, transparency and certainty.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
BMO Harris Bank picks FIS for multi-year core banking transformation
FIS’ Systematics legacy tech out, Modern Banking Platform in, at BMO Harris Bank.
KeyBank goes live on SmartStream’s cloud-based collateral management tech
The Cleveland bank aims to reduce infrastructure costs by moving to the cloud.
Mastercard and Visa pick new partnerships to drive biometric payments
Mastercard partners with FinGo following Visa’s deal with ADIB.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Google Cloud’s global head of fintech partnerships bids farewell to Big Tech
Anil Saboo leaves after three years at the Big Tech.
BMO picks AWS in push to become “cloud-first organisation”
The Canadian bank plans to move strategic internal workloads to AWS.
Video: fintech news pick of the week – Nubank raises $750m; Goldman Sachs partners with Visa
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Nityo invests $100m in Singapore embedded finance fintech MatchMove
The US-based firm will also become the largest shareholder in the company.
Mastercard launches new initiative to support minority-owned fintech start-ups
The Start Path programme aims to support traditionally underrepresented fintech founders.
Airbase raises $60m in Series B to boost spend management capabilities
The firm has now raised $91 million in total.
Galileo hires former Google Cloud exec Derek White as new CEO
White replaces Galileo founder Clay Wilkes who will switch to vice chair.
Financial wellness platform Credit Sesame raises $51m to fuel expansion plans
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
Goldman Sachs partners with Visa for cross-border payments
The partnership aims to streamline the bank’s existing systems for both commercial and corporate clients.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Federal appeal overturns New York block on US Fintech Charter
The three-judge panel said NYDFS failed to show it had suffered “actual or imminent injury”.
Singapore fintech Nium acquires B2B travel payments firm Ixaris
The transaction is expected to close early in the third quarter of 2021.
Payfare expands leadership team with new CTO and CPO
Kamran Haidari joins as CTO and Braulio Lam will lead product innovation as CPO.
Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mitek acquires biometrics firm ID R&D to integrate anti-spoofing technology
The deal sees ID R&D shareholders receiving $49 million in Mitek stock and cash.
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Irish start-up Wayflyer raises $76m in Series A funding round
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
Fintech start-up Capchase plans European expansion after $125m funding round
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
Afterpay user files US class action lawsuit over “huge undisclosed fees”
The user says Afterpay doesn’t educate customers about the bank’s overdraft fees
Circle raises $440m in financing to drive expansion
The company claims the funds will allow it to meet “significant global demand”.
Morgan Stanley signs cloud partnership deal with Microsoft
Deal forms part of the US bank’s multi-cloud strategy.
PayPal invests $135m in financial institutions that support underserved communities
The investments are part of its $535 million commitment to those without access to banking.
Community bank-focused Synctera raises $33m in Series A round
Synctera aims to facilitate partnerships between community banks and fintechs.
United Fintech hires 14-year Goldman veteran to lead North American expansion
Mark Lawrence joins the scale-up to grow its business in the US and beyond.
FortisPay acquires EpicPay and Change Merchant Systems
US payments firm plans to create a unified platform combining all three.
Video: fintech news pick of the week – HSBC, Klarna & Tandem
Top pick of news from the world of finance and tech in bitesize video format, twice a week.
Chipper Cash raises $100m in SVB-led Series C round
Africa-focused P2P firm claims to be the continent’s most valuable start-up
Goldman Sachs leads $45m funding round in auto finance specialist MotoRefi
Funding follows strong growth over the last twelve months for US-based company.
