FinTech Futures: Top five stories of the week – 15 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
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Remittance start-up SendSprint launches in UK in partnership with Flutterwave
Flutterwave will provide the infrastructure to enable SendSprint to process cross-border transactions.
US fintech funding round-up: Finalis, Quiltt and Realfinity
A handy Friday funding round-up of US-based fintech start-ups: Finalis, Quiltt and Realfinity.
US crypto firm Celsius files for bankruptcy protection
Celsius has initiated voluntary Chapter 11 proceedings as it looks to restructure and “stabilise its business”.
Wealthtech Tifin acquires SharingAlpha to boost international presence
Following the acquisition, SharingAlpha will be fully integrated into Tifin’s Magnifi platform.
New paytech Argyle Payments launches in the US
Argyle will support payments for small and midsize merchants in “high-margin” specialty markets.
Recurring-revenue business lender Capchase secures $400m debt financing
The funds will be used to support SaaS start-ups across the US and Europe.
Financial Stability Board outlines need for international crypto regulation
The FSB is calling for regulation of cryptoasset activities on an international level.
Neobank Kinly taps open finance fintech MX for data aggregation solutions
Kinly says it will leverage clean data and personalised financial alerts from MX to help Black American communities.
US banking start-up BetaBank taps Finxact for cloud-native core
Chicago-based BetaBank submitted its banking charter application in April this year.
Deuna lands $30m in Series A funding round
Deuna plans to use the funds to expand into Latin America, develop its product and hire new talent.
Klarna lands $800m funding as valuation cut to $6.7bn from $45.6bn last year
The firm says it “has not been immune to the significant downdrafts of fintech stock in public markets”.
Less than two weeks until nomination deadline for Banking Tech Awards 2022
The deadline for nominations for the Banking Tech Awards 2022 is Friday 22 July.
Mambu partners Visa for end-to-end card issuing and processing
The company is developing an integration with Visa DPS.
Sid Jajodia appointed as Revolut’s new US CEO
Jajodia joined Revolut as chief banking officer in 2021 and will continue in this role alongside his new position.
Binance.US hires ex-PayPal exec Jasmine Lee as CFO as firm eyes IPO
Lee joins from micro-investing app Acorns, where she served as CFO and COO.
FinTech Futures: Top five stories of the week – 8 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US crypto firm Voyager Digital files for bankruptcy protection
The firm says it has “filed voluntary petitions for Chapter 11 protection to implement restructuring”.
ICYMI funding round-up: MarketWolf, Pina, Deshe and Sava
A handy round-up of the recent funding endeavours of fintech companies across the world.
Linkbancorp taps Jack Henry for digital banking and lending upgrade
Linkbancorp will look to utilise Jack Henry’s Banno Digital Platform and LoanVantage offerings.
US fintech funding round-up: Stake, Finli, Crescent and OpenFin
Our weekly round-up for you to get the latest fintech funding news from the US.
AML software firm Lucinity raises $17m Series B funding
Lucinity says the funding will help expand its customer base, partner network and product offering.
Wyre partners MoneyGram to allow crypto-to-cash conversion
It’s hoped the integration will address a “major pain point for users” in the crypto ecosystem.
Profile Software unveils new core banking platform, Finuevo Core
Finuevo Core is the evolution of FMS.next, the vendor’s flagship core banking offering.
Revolut partners Stripe to accelerate global expansion
Stripe and Revolut will explore opportunities to “deepen” their collaboration.
Accounts receivables platform Tesorio bags $17m in Series B round
The new capital takes Tesorio’s total funding raised to date to $37.6 million.
eToro and FinTech V call off proposed SPAC merger
Neither party will be required to pay the other a termination fee, as the decision was mutual.
Nexo offers to buy crypto platform Vauld following “financial challenges”
The potential acquisition is pending a satisfactory outcome of the initiated due diligence process.
New digital payment platform Kasheesh launches in US
Kasheesh reduces the cost burden on individual cards and helps users build their credit scores.
Worldline completes acquisition of Eurobank’s merchant acquiring business in Greece
As part of a joint venture with Eurobank, Worldline will hold an 80% stake in the new company.
Meta calls time on digital wallet project Novi
The Novi app and Novi on WhatsApp will no longer be available starting 1 September 2022.
Aussie BNPL firm Openpay puts a pause on US operations
The company’s available capital and funding will be redirected to its Australian business.
Cartoon: Swimming naked
A new cartoon illustrating how the shift in the market will reveal which crypto unicorns can deliver.
US crypto platform Voyager Digital suspends all trading, deposits and withdrawals
Voyager’s CEO cites “current market conditions” as the reason behind the decision.
Fintech start-up April secures $30m Series A to grow its embedded tax platform
Since launching in January 2022, the company has now raised $40 million in total capital.
Lead Bank creates new BaaS position, appoints industry veteran Huma Usmani
In her new role, Usmani will focus on expanding the bank’s network of fintech partnerships.
FinTech Futures: Top five stories of the week – 1 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Bain Capital taps Chekk for KYB and KYC solutions
Chekk says its SaaS solutions “remove the pain and costs” from interactions between companies and customers.
ICYMI fintech funding round-up: Mapan, Ophelos, Lista, Vibrant and Singletrack
A handy round-up of the recent funding endeavours of fintech companies across the globe.
London BNPL firm Zilch raises additional $50m in Series C extension
The extension follows an initial raise of $110m in November, which valued the company at more than $2bn.
