US fintech start-up Solid lands $63m in Series B funding
The round was led by FTV Capital, with existing investor Headline also participating.
The round was led by FTV Capital, with existing investor Headline also participating.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Lenhard has 20 years’ experience in the payments space.
Most recently, Steele served as president of Temenos, North America.
Tan previously joined Y Combinator as a partner back in 2010 before leaving in 2015.
The firm leverages blockchain technology to calculate credit scores.
Myers will head up the US firm’s banking business, handling sales and solutions delivery.
Jenius Bank will initially offer personal loans before expanding with savings and checking products.
The new equity will be put towards launching new products and scaling its team.
The firm will be laying off most of its workforce on 9 September 2022.
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.
Latin American fintech start-ups Belvo and Rebill are among the lucky recipients of new funds.
The latest recipients of funding in the US fintech space.
UK-based Fana is now preparing to launch a seed funding round.
The deal includes the AlphaKeys Funds platform, which represents more than $7 billion in client assets.
Hummel brings over 25 years of experience leading global engineering and technology teams to MX.
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
The new digital offering is powered by enterprise solutions provider Narmi.
The deal is expected to close in Q4 2022.
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
Moonbeam says its digital banking products will aim to emphasise financial literacy and economic mobility.
Truist identified the Arena platform as “an investment that will help us deliver better financial experiences”.
The new platform leverages R3’s Corda DLT software.
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial is aiming to grow its government guaranteed lending business.
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
Gravity’s new CEO thanked Price for “his time forming and leading” the company.
The deal values Covalto at $547 million and will see the firm listed on the Nasdaq exchange.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
eToro says the acquisition is a “key step” as it looks to diversify its offering to US users.
Sanders will drive OpenFin’s digital transformation efforts for end-users across its ecosystem.
Pomelo’s investors include celebrities The Chainsmokers and The Weeknd.
BankProv CEO Dave Mansfield says working with Republic will “expand access to new investment opportunities”.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UMe members will be able to access Bankjoy’s digital banking platform, including mobile and online banking.
The transaction is expected to close in H2 2022 subject to regulatory approvals.
Arc will use the funding to accelerate its growth and expand the availability of its treasury and software products.
The Caribbean bank has gone live on Temenos Banking Cloud.
Dhar will lead the strategy, integration and development of M&T’s digital platforms.