Illimity and Banca Sella buy into each other for open banking venture
A flurry of share issuance, exchanges and buyouts as illimity nabs half of fintech firm Hype.
A flurry of share issuance, exchanges and buyouts as illimity nabs half of fintech firm Hype.
The appointment is yet to be announced officially.
The start-up is active in both the UK and wider Europe.
The deal is part acquisition, part strategic.
“The real benefit [of the cloud] is the ability to scale,” says Nasdaq.
CleverCard’s Kealan Lennon reckons the market isn’t big enough for so many neobanks.
Melio plans to use its new funding to expand and reach more customers.
The foundry’s first company will evaluate credit risk for ecommerce firms.
The fitnech last raised funds in November 2019.
The new venture is spearheaded by Christoffer Malmer, head of SEBx.
To date, the 25-person fintech has signed contracts with seven banks.
The AFME focuses on crypto-assets, artificial intelligence and cloud computing.
It essentially turns the company into a challenger bank, even if the company has no ties to banking.
The pledge rests heavily on banks sharing more information.
“Companies need to leverage this inflection point correctly.”
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FinTech Futures sits down with Deutsche Bank and API consultancy Innopay.
The bank has doubled its investment into its VC arm.
A switch in tactic from Mastercard, which wasn’t always in favour of CBDCs.
“For the first time, we are seeing a key dialogue with central players,” says Paymob.
Update 10/09/2020: An asset purchase agreement with Railsbank subsidiary PayrNet Limited has been signed.
In the UK, the start-up is working with taxi drivers in Glasgow.
Mode anticipates a valuation of around £40 million.
A number of US banks suffered downtime in April due to COVID-19 stimulus cheques.
The fintech is currently drawing back its growth to preserve cash.
The bank’s new online journey auto-populates business data.
Mollie was bootstrapped until its first funding round last year.
The start-up is challenging clients to get up and running in 90 days.
Agnew will combine both his business strategy and event management experience.
The SME market contributes around £2 trillion a year to the UK economy.
Instead of sitting in deposits, Jiko customer money sits in Treasury Bills.
RTGS has built its system on Microsoft Azure.
The fintech landed $17 million in May,
IDnow will keep the majority of the arm’s 150 employees.
“The US is a critical part of our global strategy,” says CEO.
Nium evolved from a consumer remittance service to a B2B offering.
“[We’ve] firmly cemented the digital lending category in the Netherlands,” says Boersma.
Both Union54 and Zazu were founded by Perseus Mlambo.
Know Your Money had some five million consumers and 1.2 million business clients in 2019.
To date, Finix has raised $96 million in venture capital.