Salary Finance completes $32.8m funding for US push
Sofi co-founder will lead the US branch of the firm.
USA
Kantox completes second debt financing with €5m
The firm saw its first deal with SVB in December 2017.
NCR chosen to support Provident Bank’s digital strategy
Aiming to achieve better capabilities, easy integration with core banking systems and a more intuitive design.
Mastercard acquires Vyze for point-of-sale financing
The ai Corporation has also implemented Mastercard’s Pay by Bank feature.
NBT Bank picks Fiserv to deliver tailored digital banking services
Software development kit enables employees to respond to customer feedback.
Zions’ Bancs conversion project rumbles on
This follows a go-live for consumer lending in May 2017.
Lemonade valued at $2bn following $300m funding round
Insurance start-up is now eyeing the European market.
Finicity Partners accelerates Pulte Mortgage’s asset verification
Reducing the time-consuming, manual, and paper-intensive process “from weeks to minutes”.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
EvoNexus launches incubator backed by RBC and Franklin Templeton
It will launch in May 2019 in San Diego.
NIIT Technologies to acquire Whishworks
Specific terms of the deal have not been disclosed.
Kabbage pulls in $700 million in debt funding
It claims to be the largest asset-backed securitization by a small business online lending platform to date.
Neos pairs with US insurer to offer customers smart home tech
American Family Insurance thinks smart home technology will reduce claims.
Upstart raises $50m investment and lands new bank contracts
AI lending platform wants to expand its applications.
Varo Money gets NICE AML tech
AML and KYC for all mobile needs.
Envel bank launches “driverless” money management tech
Personal finance, taken to the next level.
Watermark Bank makes a splash in Oklahoma
Built for entrepreneurs for entrepreneurs, Oklahoma’s first new bank since 2009.
Bento for Business partners with Visa
The Visa card replaces the company’s Mastercard prepaid card.
Top fintech stories this week – 5 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Boost Payment Solutions closes $12m funding
Aimed at raising its profile to provide payments across industries.
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
Bill.com raises $88m for business payments push
Led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada, among others.
Commonwealth Bank & Trust upgrades tech with Jack Henry
With the aim to bring in more commercial customers.
PayPal invests in potential collaboration with Cambridge Blockchain
The funding is an extension of the firm’s Series A round.
Zions modernises with D3’s digital banking tech
The bank aims to reduce complexities in the back office.
Moxy picks Nymbus to power DC’s newest bank for 20 years
Tech-focused bank aimed at underserved communities.
Video: fintech news weekly round-up – 1 April 2019
Apple’s new credit card, New York goes fintech, and more!
New $4.8m funding for SME bank Novo
The bank targets small businesses with a digital banking offer.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
StreetShares to launch credit cards for veteran-owned businesses
A new credit card for the 2.5 million veteran-owned small businesses in the US.
Korapay allows Nigerian migrants to send money back home
Currently in the US, but to be expanded to Canada, the UK and Europe.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Top fintech stories this week – 29 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Canada Life moves to UK with Temenos’ tech support
The Multifonds Global Accounting platform will consolidate investment assets.
Synchrony picks Fundbox to provide B2B credit for merchants
Merchants can apply for up to $100,000 credit.
Blue Sage integrates Capsilon’s tech to lending platform
The integration will help with document recognition and data extraction technology.
Amount to power TD Bank’s digital lending platform
The first in a series of collaborative initiatives.
Apple announces digital credit card
To launch in summer, supported by Goldman Sachs.
New York Fed launches fintech advisory group
To help the bank assess potential market impact.
Video: fintech news weekly round-up – 25 March 2019
FIS acquires Worldpay, PSD2, Tandem, and other news!
