ICYMI fintech funding round-up: Paytrix and Vixtra
This week’s round-up includes two start-ups – London-based Paytrix and Brazil’s Vixtra.
This week’s round-up includes two start-ups – London-based Paytrix and Brazil’s Vixtra.
Our weekly fintech round-up for you to get the latest funding news from North America.
The firm boasts “high double-digit growth” year-on-year and is projecting revenue growth of around 40% for 2022.
The partnership will enable the app’s 4m users across Europe to continue to make the most of open banking.
Finxact will join Microsoft and HSO, a business network and cloud consultancy, in delivering the platform.
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
The firm says the funding will be used to support its international expansion.
The bank will integrate Baffle’s Data Protection Services platform.
Cellulant’s customers can now pay online wherever Mastercard is accepted via the Tingg wallet.
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
The firm will leverage Mambu’s low-code lending engine to power new financing products.
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
The bank says Vaia will cut the time needed for businesses to connect with any available payment rails.
Elhedery will take on his new role from 1 January 2023, replacing Ewen Stevenson.
Diebold Nixdorf will integrate Featurespace’s ARIC Risk Hub into its Vynamic Payments platform.
Fargo will leverage Google Cloud’s conversational AI platform Dialogflow to offer personalised banking tips.
The firm will utilise Finastra’s Fusion Essence and Fusion Payments To Go solutions.
Ferris will take on the joint role of president and CEO at the firm from 1 January 2023.
The Series A round is made up of $28 million in equity and $15 million in venture debt.
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
The bank intends to host more than 50% of its applications on Microsoft Azure.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.
The bank is expecting to invest up to €300m in the strategic partnership.
HSBC will upgrade and migrate select database systems to Oracle’s Exadata Cloud@Customer platform.
The facility will be used to build out a central finance hub for small business owners in the UK and US.
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
Holbrook first joined the firm as COO in 2020 and was made CEO in February this year.
“The concept of being broad, with a consumer footprint, is not really playing to our strength,” says CEO.
We chat with Carl Slabicki of BNY Mellon about current payments trends and the growing adoption of RTP.
Shoreline Credit Union will refer its commercial members to VizyPay for specialised payments solutions.
Named Crypto Source, the new offering is being developed in partnership with Paxos.
The debit card, launching soon, aims to reward sustainable businesses.
Dan Henry has been terminated as CEO and president of the company and resigned from the board as of 14 October.
We speak with Dan Globerson of NatWest about the bank’s open banking strategy.
We chat with Derrick Walton of Bank of America about how cross-border payments have evolved.
We chat with Lynn Ng of ING about whether cross-platform interoperability in trade finance is possible.
The bank has migrated the operations of Scotiabank (Belize) onto Finastra’s Fusion Essence platform.