Alliant Credit Union names Ken Schaafsma as interim CEO as Dennis Devine departs
Schaafsma has served as Alliant Credit Union’s CRO for the past seven years.
News
BNPL lender Sunbit lands $355m debt warehouse facility
This is Sunbit’s second debt warehouse facility in 2024, following its $310 million deal in January.
B2B payments platform Melio secures $150m Series E funding round
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
US BNPL fintech Affirm launches pay-over-time options for UK consumers
Affirm’s UK country manager Ruth Spratt says the UK is “the perfect place for the next phase of Affirm’s journey”.
US lender PowerPay lands $60m corporate bond led by KeyBank
PowerPay claims to have processed over $8 billion in loans since its inception in 2017.
ICYMI fintech funding round-up: Brightwave, Mala, UnitPlus, Parachute, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
CFPB fines VyStar Credit Union $1.5m over “botched rollout” of online banking system
The CFPB claims VyStar’s “botched system switch left families in a lurch, unable to manage finances and facing fees”.
Demystify Podcast: GITEX Global 2024 special
Hosts Dave and Dharmesh speak with four financial services leaders at this year’s GITEX Global event in Dubai.
iCapital looks to boost data management capabilities with AltExchange acquisition
AltExchange leverages AI to enhance data aggregation and reporting for financial advisors and asset managers.
Osigu raises $25m Series B and partners with Visa to streamline healthcare payments
Osigu has partnered with Visa to address healthcare payment challenges in LatAm and the Caribbean.
FinTech Futures: Top five news stories of the week – 1 November 2024
Our pick of the top fintech news stories this week includes nCino, Citi, Moniepoint and more.
October 2024: Top five new launch stories of the month
FinTech Futures takes a look back at five of the top new launch stories in October.
MoneyGram appoints former Walmart EVP Anthony Soohoo as new CEO
Soohoo succeeds Alex Holmes, who has served as CEO of MoneyGram for eight years.
October 2024: Top five M&A deals of the month
FinTech Futures takes a look back at five of the top M&A deals in October.
PSP Services buys NCR Atleos’ transaction processing and card management business in Canada
PSP Services says it will incorporate the business into its HLX Unified Commerce Platform.
nCino acquires FullCircl in $135m deal
nCino previously partnered with FullCircl in 2023 to integrate its data capabilities.
October 2024: Top five payments stories of the month
FinTech Futures takes a look back at five of the top payments stories from October.
October 2024: Top five AI stories of the month
FinTech Futures takes a look back at five of the top AI stories from October.
Citi pens multi-year cloud and AI tech modernisation deal with Google Cloud
Citi says it is migrating multiple workloads and applications to Google Cloud as part of the collaboration.
New digital wallet Kuady launches in several LatAm markets powered by Mambu
The Kuady digital wallet has recently become available in Argentina, Chile, Mexico, and Peru.
Array purchases Payitoff to expand private-label portfolio with consumer debt management tools
Array is set to enrich its private-label suite by incorporating Payitoff’s financial guidance tools.
Kapitus snaps up Ten Oaks Commercial Capital, launches equipment financing arm
Kapitus serves as a direct lender and marketplace, providing over $6.5 billion to nearly 55,000 businesses.
AI co-pilot solution Reflexivity raises $30m Series B led by Greycroft and IBKR
The raise builds on a $10.5 million Series A closed by Reflexivity, then known as Toggle AI, in 2021.
October 2024: Top five fintech partnership stories of the month
FinTech Futures takes a look back at five of the top fintech partnership stories of the month.
What the FinTech? | S.5 Episode 18 | Tech innovation in business banking with Allica Bank
In this podcast episode, we chat with Ravneet Shah, CTO of UK-based SME banking challenger Allica Bank.
October 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over October.
Wildfire Systems lands $16m Series B led by Intuit Ventures and Mucker Capital
The new cash injection brings Wildfire’s total funding to date to $36 million.
Interface.ai emerges as “most valuable AI company in banking” with Avataar-led $30m funding round
Interface.ai provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
Canada’s Koho launches in-app eSIMs with Boxo and Airalo
Koho’s 1.7 million Canadian customers will now be able to purchase eSIMs from within its app.
October 2024: Top five movers and shakers stories of the month
FinTech Futures takes a look back at five of the top movers and shakers stories in October.
Announcing the panellists for Banking Tech Insights: Limitless Banking on 14 November in London
FinTech Futures’ Banking Tech Insights: Limitless Banking event is free to attend. Register your interest today.
Nymbus and PeoplesBank partner to launch two employer-focused financial wellness solutions
Nymbus says the collaboration will target “the pressing need for improved financial wellness tools”.
October 2024: Top five core banking stories of the month
FinTech Futures takes a look back at five of the top core banking stories of the month.
First Carolina Bank snaps up BM Technologies for $67m
Following the deal, BMTX will retain its name and will be led by current president and CTO Jamie Donahue.
Sibos 2024: Charting a path for digital securities with BNP Paribas – video interview
BNP Paribas’ Gary O’Brien discusses the pursuit of faster settlements in Asia, Europe and North America.
Canada’s Central 1 announces plans to wind down its digital banking business
The company says it will transition its digital banking clients “to one or more alternative digital banking providers”.
Payments processor Finix secures $75m Series C funding
The round was co-led by Acrew Capital, Leap Global and Lightspeed Venture Partners.
Western Union acquires Singtel’s mobile wallet Dash
Dash has accrued 1.4 million customers since launching 10 years ago.
Wealthsimple launches in-app travel eSIM powered by Gigs
The offering operates as part of Wealthsimple’s new lifestyle rewards programme.
FinTech Futures: Top five news stories of the week – 25 October 2024
Our pick of the top fintech news stories this week includes Afin Bank, Zip, Socure and more.
