Business-to-Consumer/B2C - FinTech Futures

Business-to-Consumer/B2C

Video: Top fintech stories this week – 14 May 2021

The FinTech Futures weekly round-up of the industry’s top stories and happenings from across the globe.

Facebook shifts crypto project Diem from Switzerland to the US

Diem says the partnership “is an important step in preparation for a Diem USD pilot”.

OpenWrks, Tully, Payplan and PayLink merge under private equity firm

All four firms span the debt advice, credit risk and collections industries.

US challenger for freelancers Lili lands $55m and passes 200,000 users

Lili wants to be a go-to app for freelancers in the US.

NAB lands approval for 86 400 acquisition despite competition concerns

86 400 bagged its own banking licence back in 2019.

HSBC on track to hire 1,000 wealth managers in Asia before year end

In 2020, the bank’s Asian business reported $12.8 billion in profits.

US start-up EarlyBird re-thinks gifts for kids with investment platform

EarlyBird launched four months ago.

What are the opportunities in open finance?

Envestnet | Yodlee hosted a discussion with FinTech Futures to find out.

UK P2P lender The House Crowd’s collapse a result of governance failings

The House Crowd had struggled to raise capital.

Curve goes crowdfunding five months after $95m Series C

Curve plans to grow its workforce by around 60% this year.

UK fintech Fronted raises £1m with backing from Monzo co-founders

The start-up launched back in February.

TSB COO: It’s easy to throw the rock at us and say ‘this guy crashed in 2018’

“Compare this company to the market,” says TSB’s COO.

Canadian fintech Wealthsimple raises record $610m at $4bn valuation

The fintech started off as a robo-advisor back in 2014.

Digital challenger Arrow pledges to save Americans $5,000 in five years

Digital challenger pledges to save Americans $5,000 in five years.

Lanistar secures FCA approval less than six months after regulatory warning

Lanistar also filed its unaudited accounts last month.

UK neobank hopeful Kroo partners with Bugni Labs for credit engine

Kroo underwent a brand revamp from B-Social last year.

Danish fintech Blocser launches Butterfly card for UK’s gig workers

“Think of us as a ridesharing service, but instead of rides, you sell your work,” says CEO.

Fintech funding deals globally 26 April – 2 May 2021

Featuring Brex, Paxos, Vena, Greenlight, and Current.

French watchdog says banks risk “marginalisation” by Big Tech payment apps

The paper focuses on Big Tech-associated threats to competition.

UK eco-banking challenger Tred lands £1m in Crowdcube raise

Tred partners with Forest Carbon to deliver on its tree planting promise.

São Paulo fintech brokerage Warren lands $55m led by Singapore’s GIC fund

The fintech intends to use the fresh capital to hire more employees.

Virgin Money Australia claims to “break new ground” with loyalty scheme

There is clear disruption already happening in the rewards space.

Caixa Econômica Federal signs 20-year payments deal with Fiserv

New merchants acquiring deal covers transactions online and in-person.

New fintech Wisely Money aims to connect lenders and borrowers

New start-up offers an “all-in-one” app for short term lending.

Square goes on hiring spree ahead of new banking product launches

Square is “building a suite of new financial products”.

Danish neobank Lunar acquires Swedish lender Lendify

The deal, which is pending regulatory approval, is expected to close by mid-May.

MVB Bank snaps up majority stake in Indianapolis fintech Trabian

The value of the stake remains undisclosed.

Hospitality payment app Sunday raises record €20m seed round for Europe

The start-up claims to cut the costs for operators to 0.5% per transaction.

UK challenger Starling lands £50m investment from Goldman Sachs

Starling now claiming to hold a 6% share of the UK SME banking market.

Robinhood calls Massachusetts regulator “elitist” for trying to revoke its licence

“The complaint reflects the old way of thinking,” says Robinhood.

Video: Top fintech stories this week – 16 April 2021

To stories from across the fintech world, featuring Coinbase, Pine Labs, Ozon and more.

Better.com’s CPO accused of bullying days after $500m SoftBank investment

The CPO joined Better in 2017 from Goldman Sachs.

Coinbase IPO values hits $99.6bn valuation with shares up 52% on debut

Shares closed below $330, up a lesser 32%.

LA fintech Ensemble is helping divorced parents navigate their kids’ finances

App features range from organising one-off expenses, to saving for college tuition.

Cuba’s only telco ETECSA granted payment provider licence

The firm can now convert customers’ balances into electronic money.

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.

Emirati tycoon Mohamed Alabbar to chair UAE challenger Zand

Zand is still waiting on its application for a full UAE banking licence.

Finder snaps up shuttered Singapore fintech GoBear

COVID-19 took a toll on GoBear’s capital reserves and certain financial products.

Dutch personal finance app Paynote goes live with beta

Unlike its rivals, Paynote launches without bank support.

Top five tips as your fintech company explores European expansion

US fintech companies recognise the potential buying power of the European Union’s 550 million people.

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