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Dwolla hires Dave Glaser as new COO
Glaser has worked at Mastercard, Visa, and Worldpay.
Core banking provider Technisys buys AI chatbot operator Kona
Technisys has acquired some 60 bank customers to date.
Autobooks raises $25m in Series B round featuring TD Bank
Paytech firm to explore options abroad after new raise.
Fintech funding deals globally 8-14 March 2021
Featuring Stripe, Starling, BlockFi, Cedar, and Flutterwave.
Stripe reaches $95bn valuation on back of fresh $600m injection
This year, Stripe will continue to pursue enterprise clients.
Goldman-backed Flywire files paperwork for IPO which could reach $3bn
Flywire has listed itself as profitable since its Series B funding round in 2013.
M1 Finance completes $75m Series D funding round
Chicagoan “super app” gains new funding just months after last round.
London fintech WorldRemit mulls taking $1.5bn Spac listing to US
Refinitiv data shows Spac mergers have surged to a record $170 billion this year.
Sontiq acquires Breach Clarity to deploy analysis tech
BreachIQ to be integrated with Sontiq’s existing product suite.
Amazon expands pay-with-hand tech, pushes on with digital currency
Amazon hopes to contract out the pay-with-hand technology to third parties.
MoneyGram and Ripple end partnership deal two years early
The two firms wind down their deal amid regulatory issues.
SoFi to acquire Golden Pacific Bancorp in $22m quest for US bank charter
US fintech switches tactics to nab an existing licence.
Chase Pay merchant integration officially winds down this month
The Chase Pay button was used by retailers such as Walmart.
PayPal buys Israeli crypto wallet Curv for its new blockchain unit
PayPal expects the acquisition to close in the first half of 2021.
Flagstar Bank suffers data breach as employee data posted online
A zero-day vulnerability left Flagstar’s data exposed to cybercriminals.
Fintech funding deals globally 1-7 March 2021
Featuring Klarna, Papaya Global, TaxBit, Beam Technologies, and Xendit.
Square buys majority stake in Tidal for $297m as Jay Z joins board
Tidal is the latest in a few sales Jay Z has made in recent weeks.
Codat secures investment from Amex and PayPal
Codat gains big backers as it gears up for US launch.
Wipro signs off on $1.45bn acquisition of Capco
Indian IT giant wants to grow in Europe and Asia.
FinTech Futures Industry Survey & Report 2021
A deep-dive into the trends defining 2021 and beyond, based on a comprehensive survey of the industry.
American Business Bank picks Teslar Software to refresh commercial lending
The Los Angeles bank says it wanted a “forward thinking” partner.
Square finally launches bank after filing first application in 2017
Previously, Jack Dorsey’s fintech partnered with Celtic Bank for banking products.
Crypto.com signs first-of-its-kind F1 sponsorship deal with Aston Martin
Aston Martin wants to be at the “forefront” of the crypto boom.
Branch closures mount with latest Bank of Ireland and TD Bank cuts
Latest branches following the pandemic-induced shift to digital channels.
Goldman’s consumer head Omer Ismail leaves for Walmart’s fintech venture
Ismail architected the firm’s move into consumer digital banking.
Fintech funding deals globally 22-28 February 2021
Featuring Chargebee, Tyme, TypTap Insurance, Anchorage, and Earnix.
Thasunda Brown Duckett leaves JP Morgan Chase for TIAA
Duckett replaces the retiring Roger Ferguson.
Robinhood pushes on with IPO plans despite facing 49 GameStop lawsuits
Robinhood has held talks with underwriters about filing “within weeks”.
Brex raising at $8bn valuation following banking licence application
Tiger Global Management is reportedly backing the round.
Black-owned First Boulevard bank secures $5m ahead of its official launch
Part of its goal with the new capital involves building out a Black business marketplace.
Finix closes $3m Black and Latinx investor-led SPV
“This is very personal for me as a founder of colour,” says Finix founder.
ICYMI funding round-up: Zolve, Symple Loans, Butn, FunGuard & more
We highlight a series of funding rounds that may have passed you by.
US credit builder Petal closes $125m debt facility
Petal has closed $440 million in debt and raised $100 million in equity.
US Federal Reserve’s payment system down for more than three hours
Both Fedwire and FedDACH went down this week, and remained so for a few hours.
Banking Tech Awards 2020 Winner: AFS – COVID-19 Response by Fintech
An innovative approach to urgently find solution to accommodate the US government’s Payroll Protection Program.
Subway standardises its payments over all 42,500 restaurants globally
Subway claims it is one of the first in North America to standardise payments on this scale.
Western Alliance Bank splashes $1bn on mortgage firm AmeriHome
Arizona bank diversifies its book by branching into mortgages.
US fintech for gamers Zytara signs payments partnership with i2c
The deal follows Zytara’s launching of its own stablecoin.
What did the GameStop saga expose about UK trading regulation?
FinTech Futures unpacks the FCA’s published response to trading restrictions on 29 January.
