Fintech Spenmo raises $34m in Series A round
The round was oversubscribed by a multiple of five, making it Singapore’s largest Series A round to date.
Business-to-Business/B2B
MarketFinance lands £280m and COVID recovery approval
Business fintech MarketFinance says it is ready to support UK pandemic recovery efforts.
Monese moves into digital banking with Investec
The new partnership will see the international bank begin to offer digital banking services to UK customers.
Aussie fintech Airwallex secures $200m Series E funding at $4bn valuation
The company has now raised more than $700m in total capital.
MODIFI tops €100m valuation with €20m Series B funding
Start-up plans to grow its trade finance platform into a global trade management hub.
Regtech start-up PassFort lands $16.2m Series A funding round
PassFort intends to use the money to expand internationally.
DF Capital launches digital savings platform powered by Mambu and ieDigital
Specialist lender hopes to automate processes and improve customer accessibility.
ICYMI funding round-up: TomoCredit, Lightyear, X-Margin, Coinfirm & more
More funding deals you may have missed during a busy week of news.
SpotOn raises $300m in Series E round to fuel acquisition of Appetize
US payments firm acquires commerce platform as growth continues.
Exclusive: Inside the merger of DueDil and Artesian Solutions
FinTech Futures sits down with the CEOs of DueDil and Artesian to talk about their merger.
Morgan Stanley poaches UBS managing director Gerson
Gerson joins after two and a half years at the Swiss investment bank.
Arvest Bank picks Thought Machine’s Vault as new core banking system
Arkansas-based bank selects Vault to revamp digital banking offerings.
FortisPay boosts commerce offering with OmniFund acquisition
The acquisition follows deals for EpicPay and Change Merchant Systems in June.
DevOps platform Copado lands $140m funding
The firm plans to use the cash raised to expand its testing software.
Julius Baer to revamp front-end services with Crealogix’s Digital Hub
Crealogix says its solution can help the bank offer “holistic solutions digitally”.
Global Payments to acquire MineralTree in $500m deal
The acquisition will expand Global Payments’ B2B offering.
Australian challenger Avenue lands restricted banking licence
The digital business bank wants to make it easier for SMEs to grow their businesses.
ICYMI funding round-up: TruePay, BankiFi, Aurelia, Jeff & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
PayPal increases transaction fees between UK and Europe
A new 1.29% charge will come into force before the end of the year.
Trade surveillance fintech Eventus secures $30m Series B funding
Eventus will use the Series B cash to continue its growth.
JP Morgan pays €25m to settle French fraud case
US lender settles over arrangements with Wendel Investment Group.
Hamburg Commercial Bank goes live on Broadridge payments system
German lender aims to revamp its processing capabilities.
China Bohai Bank taps Bairong for AI-powered digital upgrade
China Bohai Bank will utilise Bairong’s fraud and loan monitoring systems.
Report: “Fintech vs Fintech”? The rise of digitalisation in banking
FinTech Futures launches its latest report looking into the changing nature of digital technologies in our industry.
AI accounting platform Vic.ai lands $50m in Series B funding round
The funding round, led by ICONIQ Growth, brings the fintech’s total capital raised to $63m.
What the Fintech? | S.2 Episode 17 | ISO fast, ISO furious
VTB Bank’s Elena Barabanova joins us on this episode of the What the Fintech? podcast.
Thought Machine to hit unicorn status with £150m funding round
Core banking vendor expecting mammoth capital raise this month.
Fired credit union employee deletes 21GB of internal data in 40-minute spree
Juliana Barile accessed her old account and destroyed sensitive documents.
ICYMI funding round-up: SurePay, Capitalise, FV Bank & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Exclusive: Oracle FS wins major core banking deal with Gulf Bank
The front-to-back operation is set to be a major undertaking.
Spend management platform PayEm lands $27m in funding
The Israeli fintech says it meets the accounting needs of decentralised and fragmented global enterprise.
Divido CEO steps back after seven years at the helm
Christer Holloman departs to take up advisor role.
Prosus underlines Indian objectives with $4.7bn deal for BillDesk
Dutch e-commerce firm spends big to deepen footprint in India.
Reserve Bank of India plans CBDC trials by 2022
India’s central bank is still being “extremely careful” about its tests.
Signicat acquires e-signature firm Dokobit
The deal is Signicat’s third acquisition this year and fourth in two years.
Fintech funding deals globally 23 August – 29 August 2021
Featuring OPay, Ramp, Zepz, Ekuaibao and Cora.
ICYMI funding round-up: Pngme, Recognise Bank, pawaPay, Finexio & more
Another collection of funding rounds and raises from all over the world you might have missed this week.
Currencycloud hires Mark Ledsham as new COO and 10x’s Neil Drennan as CTO
Currencycloud adds some new faces to its C-suite.
B2B payments fintech Balance raises $25m in Series A funding
US firm says its payments platform will help improve the online checkout experience.
What the Fintech? | S.2 Episode 16 | Waking up on the right side of embedded
Louisa Murray, COO for UK and Europe at Railsbank, joins us on this latest episode of the podcast.
