TripActions bags $400m in credit facilities to boost expansion
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
News
North America fintech funding round-up: Syncfy, Totem and more
Our weekly fintech round-up for you to get the latest funding news from across North America.
ICYMI fintech funding round-up: BondIT, Paywatch, 1fs Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US proptech Setpoint lands $43m Series A
The round, led by Andreessen Horowitz, saw participation from Stonecroft, 75andSunny and Fifth Wall, among others.
Avant secures $250m in debt and equity from Ares Management
Avant CEO Matt Bochenek says the funds from Ares will “further fuel our credit portfolio and next-gen platform”.
Barclays makes changes to group executive committee as COO steps down
Alistair Currie is set to take over from Mark Ashton-Rigby as the bank’s new group COO.
Broadridge names Martin Koopman as new chief product officer
In his new role, Koopman will head up the product management team across all of Broadridge’s business units.
Open banking fintech Plaid to cut 260 jobs
Plaid CEO Zach Perret told employees “our pace of cost growth outstripped our pace of revenue growth”.
Drata doubles valuation to $2bn following $200m Series C
The round was led by ICONIQ Growth and GGV Capital with institutional and individual investors participating.
Sunbit lands $250m debt facility to expand access to credit
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
Investec taps Surecomp for its digital trade finance tech
Surecomp’s tech will support Investec’s newly formed trade finance business.
Deutsche Bank partners Nvidia to advance the use of AI in financial services
The two firms aim to develop applications that will improve risk management and boost efficiency.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
Congratulations to the Banking Tech Awards 2022 winners!
Winners and highly commended of the 23rd annual Banking Tech Awards ceremony.
Wells Fargo launches digital business banking platform Vantage
Vantage leverages AI and machine learning to deliver personalised financial services for businesses.
What the FinTech? | S.3 Episode 18 | Online payments and personalisation
In this episode of the podcast, we’re joined by Kirsty Morris, managing director at Barclaycard Payments.
Intuit snaps up credit building start-up SeedFi
The deal will see SeedFi become part of Intuit’s Credit Karma business.
Veritex Community Bank taps Finzly to transform payments
The Texas-based bank will utilise Finzly’s Payments Hub solution.
Broadridge’s LTX appoints Jim Kwiatkowski as CEO
Jim Toffey, CEO and co-founder of LTX, will transition to the role of chairman of the board.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five stories of the week – 2 December 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
HSBC to sell its Canada business to Royal Bank of Canada for $10bn
The transaction is expected to complete in late 2023.
Crypto exchange Kraken to lay off 30% of staff as it looks to weather crypto winter
The firm is laying off 1,100 employees in order to “adapt to current market conditions”.
US challenger bank Greenwood secures $45m funding
The latest round brings the total capital raised by the challenger to $88 million to date.
Survey & report: The race to ISO 20022
Download Celent’s survey and report based on over 200 banker interviews and deep analysis.
White paper: FedNow is almost here!
Everything you need to know before the launch of FedNow – a new real-time payment and settlement service in the US.
Fintechs Canada launches to drive innovation in the country’s fintech sector
The not-for-profit association is looking to work with policymakers in a “whole-of-government” approach.
Video: Socure at Money20/20 USA – Fighting synthetic identity fraud
We chat with Johnny Ayers, CEO of Socure, about how firms can tackle synthetic identity fraud.
Take a look at this year’s Banking Tech Awards finalists
The Banking Tech Awards 2022 winners will be revealed on 1 December at a ceremony in London.
Ohio’s Huntington National Bank teams up with InvestCloud to launch Advisor Connect solution
The new offering is built on InvestCloud’s Find My Advisor technology.
Freedom Bank of Virginia partners Autobooks for new digital invoicing solution
The bank’s business clients can now generate professional invoices with an integrated ‘pay now’ button.
FinTech Futures: Top five stories of the week – 25 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
US SME banking platform Novo bags $35m in Series B extension
The new cash takes its total Series B funding to $125m following a $90m raise earlier this year.
ICYMI fintech funding round-up: Atoa, Djamo, Flourish, Hardbacon & Nine25
A handy round-up of this week’s fintech funding news from around the world.
Danish fintech Pleo hires Meri Williams as new CTO
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
FIS reportedly looking to cut thousands of jobs under new CEO
Bloomberg reports that the cuts to the workforce are expected to be staggered.
Quantifeed to acquire fellow wealthtech Alpima
Together, Quantifeed and Alpima will create “a world-class technology platform”.
Pipe seeks veteran CEO amid leadership shake-up
Pipe’s three co-founders are all set to move into new positions at the firm.
Two suspects arrested in Estonia accused of $575m crypto fraud
Both defendants appeared in court in Tallin and are being held pending extradition to the US.
