Cuba’s only telco ETECSA granted payment provider licence
The firm can now convert customers’ balances into electronic money.
News
Blockchain firm ConSensys raises $65m from major banks
ConSensys raises cash following company restructure.
Extended deadline announced for PayTech Awards 2021
Recognising excellence and innovation in the use of IT in the finance and payment industry worldwide!
Federal Reserve chair says cyber risk a greater threat than another financial crash
Cyber-attacks are a “big part of the threat picture in today’s world”.
Fair CMO Toni Harrison: Oppressors can’t be the underbanked’s saviours
Instead of shrinking, the racial wealth gap has only continued to swell and expand.
KeyBank launches digital bank for doctors with new offshoot at Laurel Road
KeyBank acquired Laurel Road in 2019.
Fintech funding deals globally 5-11 April 2021
Featuring CRED, OneStream Software, Loopio, Patreon, and Ramp.
Video: Top fintech stories this week – 9 April 2021
Featuring Clubhouse, Stripe, Harlem Capital, Paymob, and WorldRemit founder.
ICYMI funding round-up: FinanZero, Hala, Spoko, Cornerstone & more
Another week and another slew of funding rounds.
Acorns bags second acquisition of 2021 with AI start-up Pillar
Pillar helps students manage loan debt.
Nomura hires former Barclays exec Jain as new CIO
Jain spent 13 years at Barclays, leaving as CTO in 2019.
IDS to acquire White Clarke Group in multi-asset class merger deal
The combined firm will serve more than 300 companies.
What the Fintech? | S.2 Episode 8 | Bank branches amid COVID-19
Leena Iyar, chief branding officer at Moxtra, joins us on this latest episode.
Plaid announces $425m Series D with three new investors
“Mobile banking is no longer the realm of start-ups”.
Harlem Capital raises $134 million for its second fund
Harlem Capital Partners Venture Fund II was oversubscribed from its target of $100m.
Banking Technology April 2021 issue out now
Soaring to new heights: a record-breaking first quarter of M&A activity.
US core banking vendor Nymbus sets up new business for credit unions
“Credit unions have an immediate opportunity to leverage niche digital banking approaches”.
Clubhouse introduces tipping for content creators with Stripe
The one-year-old start-up has raised around $100 million to date.
US retail trade groups ask to join $5.54bn Visa and Mastercard lawsuit
The two bodies want permission to become parties in the lawsuit.
FTC shutters San Fran fintech Beam for not delivering on 7% interest rate
“Don’t lie about your customers’ ability to get their money when they need it.”
Fintech funding deals globally 29 March – 4 April 2021
Featuring HighRadius, Next Insurance, dLocal, Pipe Dream Technologies, and Paidy.
ICYMI funding round-up: Butter, Spiral, SadaPay, OVEX, Ensemble & more
We’ve put together an “In Case You Missed It” (ICYMI) funding list.
Global fintech M&A round-up Q1 2021
Whilst some big deals never closed in Q1, plenty others took their place.
Top 10 funding rounds in Q1 2021
The first quarter of 2021 has seen a handful of big rounds.
Paysafe goes public via Spac merger
Shares of Foley Trasimene Acquisition Corp. II moved 5.77% higher Monday to $15.39.
Revolut withholds $90,000 from investment manager with “no real response” for months
An investment manager’s battle to receive his $90,000.
UiPath files for IPO weeks after landing $35bn valuation
The fintech estimates a $60 billion addressable market for RPA.
Visa pilots US stablecoin with Crypto.com to settle transactions
Other incumbents have moved to support cryptocurrency too.
Pilot lands unicorn valuation from boosted Series C round
Pilot has landed a $1.2 billion valuation.
US crypto bank Avanti raises $37m in Series A funding
The new cash goes toward capital requirements.
Fintech funding deals globally 22-28 March 2021
Featuring Dataminr, Blockchain, Feedzai, Jumio, and Pie Insurance.
Stilt prepares to offer US immigrants banking products and a credit history
The firm recently accrued a $100m debt facility from SVB.
SEC launches voluntary inquiry into US Spac craze
This year alone has birthed eight lawsuits against US Spac deals.
Fiserv acquires US processor Pineapple Payments
It is expected to close by the end of Q2 2021.
ICYMI funding round-up: Meniga, Recharge.com, Hala, Zaver & more
Plenty of deals this week to be summarised by FinTech Futures.
Major US banks invest $40m in Black-owned challenger Greenwood
Backers include JP Morgan Chase, Citi, and Bank of America.
Challenger Oyster Financial launches credit offering for Mexico’s SMEs
Instant credit will range from $500 to $1,500.
Feedzai lands $200 million in Series D funding to reach unicorn status
Risk management firm lands its largest round so far.
Identity fintech Prove acquires research firm Medici Global
“This acquisition allows us to offer expert advisory coverage”.
Jumio raises $150m in private equity investment
Firm lands “largest funding round” of the digital identity space.
