Meniga lands $9.4m from Groupe BPCE, UniCredit and Crédito Agrícola
Groupe BPCE has been one of Meniga’s largest customers since 2018.
Business-to-Business/B2B
MUFG triples investment in credit line fintech Fundbox
The fintech says its Series C has raised nearly $200 million.
India’s central bank says there are no curbs for banks to serve crypto traders
“No such prohibition exists” for banks, says regulator.
Challenger bank Lunar partners with Danish esports firm Astralis
Denmark and Sweden lead European esports usage.
UBS to set up fintech venture fund to speed up its digitisation
The bank will make investments between $10 million and $20 million.
Canadian data start-up Cinchy lands $10m Series A
The start-up helps banks avoid the security risk of replicating data.
Colombian consumer credit fintech Addi lands $15m
Addi delivers credit at the time of payment for a product or service.
IBM joins 12 banks backing blockchain platform We.Trade
From July 2020, We.Trade is on the look out for more bank partners.
Fortunis capital invests £15m in UK fintech Karma
The voucher lending app was trialled in the UK with support from the Scottish government.
South Korea’s fintech sandbox lands $110m and creates 380 jobs
Fintechs can be exempt of regulations for up to four years.
The positive impact of going negative
Find out how and why fintech companies should be going carbon negative.
Ecommerce platform Shopify to launch ‘Shopify Balance’ for businesses
The account offering will land in the US later this year.
Raisin launches deposit solutions for US banks and credit unions
The fintech wants to help US retail banks offer personalisation.
Revolut Business integrates with Clear Books for UK users
Clear Book’s bank feeds will refresh four times daily.
Societe Generale tests digital euro with Banque de France
The bank hopes the test will pave the way for a more simplified market infrastructure.
In a micro-app modern world, micro-differentiation matters
The best solutions are those that intertwine physical and digital channels.
Visa invests in cloud-based analytics platform GoodData
Visa will co-create data products with the cloud-based firm.
WorldRemit chooses Onfido to further automate its account onboarding
Onfido will automate WorldRemit’s KYC decision-making process.
Nordea-backed subscription manager Subaio lands challenger bank Lunar
The Nordic bank has 150,000 customers.
Brex lands $150m to continue small acquisition spree
In March, Brex acquired three San Francico-based start-ups.
India’s micro business financer Lendingkart raises $42.1m in Series D
The total raised includes the start-up’s D1 raise last August.
Six new UK lenders approved for CBILS including fintech iwoca
CBILS grants have accounted for £7.25 billion in crisis cashflow for SMEs.
Rimilia appoints new board chairman as part of wider exec shake-up
The fintech has also appointed a new CTO and CPO.
OP Financial chooses Finnish fintech Enfuce for turn-key PSD2 services
The services will help develop APIs alongside evolving regulations.
Anquan Capital partners with crypto arm of Germany’s WEG Bank
The partnership includes an undisclosed investment from Anquan.
UK fintech Fly Now Pay Later lands £35m Series A
The start-up says it will use its investment to help “reboot” the travel industry.
Singapore fintech Spark Systems lands $10.5m from Citi and HSBC
These heavy weight investors join existing backer Goldman Sachs.
Nordea partners up with Tink on open banking
It’s set to launch for the bank’s users in Norway, Finland and Denmark “in the coming months”.
Smarterly secures £7m in Series A funding round
Some of the investment was used to complete the recent acquisition of Salvus.
UK fintechs Tide and Liberis land loan accreditation
Tide is aiming to get loan delivery up and running today.
SME fintech ANNA bags £17.5m from ABHH Group
The investment values it at $110m, with the founders keeping a 40% stake in the start-up as part of the deal.
Westpac discloses AML breaches and due diligence failures
Australian bank has set aside AUD 900 million for an expected fine.
Green Dot bags Walmart exec as part of bigger strategic overhaul
The firm also appointed a new CEO in March.
Breaking down tech overhauls with CKV’s chief digital officer
Implementation of nCino’s cloud banking software took a year for the bank.
Agora Services launches white label teen account for Finastra
Agora’s CEO says the app launch is “related to” the Revolut Junior launch in the UK.
Starling Bank and Funding Circle team up to provide £300m in CBILS loans
The fintechs say the partnership will help more than 4,000 small businesses.
Niche Global picks Volante to underpin European entry
Hong Kong payments firm plans market expansion with Volante.
Banking Technology May 2020 issue out now
Hope springs eternal: discovering alternative lending in times of crisis.
Fidor Bank loses O2 mobile banking contract
The contract began back in 2016.
JP Morgan first major US bank to serve crypto exchanges as banking clients
Coinbase lost its previous banking support from Barclays in August 2019.
