ID verification firm Socure so cool with $30m funding
The Series C round takes the company’s total funding to $57.5 million.
USA
Cloud Elements on API high with $25m funding
Denver cloud boys – and girls – now have total capital of $46.2 million.
ACI to acquire Speedpay for $750m from Western Union
Deal will bring Speedpay and UP Bill Payment platforms together.
Go Figure! US lendtech gets $65m funding
Brings its total funding to $120 million for its second year of operations.
Silvergate Bank selects Finastra for payment processing
US bank wants to expand its infrastructure with an API-enabled platform.
Edison Partners lights up $62m funding for YieldStreet
US digital wealth management platform gets delicious dollars.
Microsoft’s M12 leads SpyCloud’s $21m funding round
Latest round takes Texan firm’s total capital to more than $28 million.
Citi and Kyriba go API for faster payments
SaaS platform brings bank connectivity for treasury ops.
Challenger bank N26 expands to Brazil
It’s also planning its delayed launch in the US this year.
New Valley Bank & Trust gears up for launch in Massachusetts, selects new lendtech
New Valley Bank & Trust has selected Baker Hill NextGen for its commercial and small business lending operations.
Zurich North America acquires Sea Pine for auto insurance action
Deal for dealers as insurance firm gets access to vehicle protection products.
HSBC mixes with NepFin for middle market move in US
American firms via NepFin can now tap into HSBC’s commercial banking services and its network.
Dwolla helps Status Money’s cash rewards for savings
Status Money will use its new relationship with Dwolla to access the ACH network.
AI Foundry and Ellie Mae use AI for speedy lending
Two firms will integrate their technologies for mortgage origination process.
A win-win despite the trade war: why small-time foreign investors and US markets need each other
While the trade war looks set to escalate, it seems there may be a silver lining for the US economy.
ID.me brings identity proofing to Department of Veterans Affairs
“No identity is left behind.”
Rebrand takes analytics firm OmniSci to promised land
Will double workforce by end of the year and move into new San Francisco headquarters.
Case study: Citizens Access – access all areas
A banking start-up with the rules of having no paper and no fees.
Arceo flies into US cyber insurance space
Start-up wants to bridge the insurance and cybersecurity worlds.
Onfido enjoys extended stay at 2nd Address
Identity verification for the US rentals market.
US analytics platform Stratifyd gets $4m funding kick from Arsenal
Follows on from a $25 million Series B announced last fall/autumn.
Apple and Goldman Sachs to unleash iPhone/card combo
Credit cards will be rolled out to employees for testing in next few weeks.
Nassau Re Imagine-s insurtech accelerator in US
Nassau Re/Imagine designed to develop the insurance industry in Connecticut.
Bill.com bans wire transfer fees for small businesses
Here’s a ban that businesses can really get behind.
Data intel firm GBG acquires IDology for $300m
UK firm buys identity verification and fraud prevention specialist for American dream.
Case study: Citizens Bank – fintech friendly
The 13th largest bank in the US pivots for digital era.
US challenger LikeBank makes light work of messengers
Digital bank sits within Facebook Messenger, Viber and Telegram.
Fintech charms US state regulator into modelling
Conference of State Bank Supervisors will implement changes based on feedback.
CSI reports 23 new core banking tech clients in 2018
Fresno First Bank, The Claxton Bank, Citizens Alliance Bank, and Mansfield Bank are among new takers of Nupoint core.
Munich Re leads $9m investment in insurtech Inshur
US/UK firm gets Series A funding and credit facility for its rideshare journey.
JP Morgan Chase to trial new cryptocurrency
Will start trials in a few months for its JPM Coin.
Thoma Bravo to acquire US lendtech Ellie Mae for $3.7bn
Private equity investment firm makes an all-cash transaction.
Goldman Sachs leads $44m funding in US business credit start-up Nav
Other investors include Point72 Ventures and Experian Ventures.
Blockchain Exchange Alliance preps tech for payments push
With a heavy emphasis on partnerships and acquisitions.
Socotra gets $5m support for core insurtech platform
With the support of US-based Nationwide and Mitsui Sumitomo.
Crypto bank Zabo preps for US launch
“Bitcoin in your bank account.”
Barclays and Ripple back SendFriend’s $1.7m funding
Philippine paytech finds lots of friends as it readies for US launch.
Video: fintech news weekly round-up – 11 February 2019
Challengers Starling and Revolut, Tink, and the importance of digital assets.
Solera buys Nordic insurtech in4mo Oy
Texas-based firm plays it cool when it comes to what it paid.
US insurtech Jetty lands $25m funding
New York-based start-up’s Series B round led by Khosla Ventures.
