South African digital lender Lulalend bags $35m Series B
Lulalend will look to increase its loan book size and develop new products.
Lulalend will look to increase its loan book size and develop new products.
The launch is set for late 2024 or early 2025, Bloomberg reports.
Zopa says the deal “cements and markedly enhances” its unicorn valuation.
Trust Bank will make use of FIS’ real-time payments platform Open Payments Framework.
Nano plans to wind down its home loan services and focus on providing technology to financial services companies.
Schwierholz, who will assume the role of CFO on 1 February 2023, replaces Jan Kemper.
Dubai Investments says the acquisition gives it a “unique opportunity” to move into the digital banking space.
The partnership will help Finora Bank manage fraud risks and gain insights into its financial operations.
Greenpenny is a start-up bank in the US focused on sustainable energy and powered by Decorah Bank & Trust.
The country’s central bank and regulator expects these new digital banks to promote financial inclusion.
Mambu’s platform enabled a “lift and shift” of Tyme Group’s digital bank concept from South Africa to the Philippines.
Hadhramout Commercial Bank (HCB) is a new universal bank in Yemen.
If incumbents fail to adapt in 2023, challengers could gain the lion’s share of the market once and for all.
Firms would need to submit information on terms and conditions that “waive or limit” consumer rights.
The neobank has assured customers that all their funds are secured and its app is still “fully accessible”.
Mashreq Neo is the digital offshoot of UAE’s Mashreq – “a bank for a brilliant new world” – launched in 2017.
Jupiter says the funds will go towards scaling up the neobank’s suite of lending products.
Digital-only Next Bank is backed by Taiwan’s largest telecom operator, Chunghwa Telecom.
N26’s CFO and interim COO Jan Kemper has jointly agreed with the bank to step down from his role.
The bank says it was granted the licence just 18 months after it received a restricted ADI licence.
FinTech Futures takes a look back at some of the year’s top new fintechs and neobanks.
JP Morgan is aiming to enhance digital transactions for its corporate clients in APAC and Europe.
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Once fully launched, Ashman will serve SMEs in the UK’s commercial real estate sector.
Starling says it chose Manchester due to its “deep pool of tech talent and rich cultural and creative heritage”.
The bank will be powered by Vault Core, Thought Machine’s cloud-native core banking platform.
The bank will deploy the Napier Continuum financial crime compliance platform.
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Our weekly fintech round-up for you to get the latest funding news from across North America.
Bevan Money will utilise SBS’ Sopra Banking Platform technology to power its offering.
Through the acquisition, Tonik aims to augment its lending portfolio.
Allica says the cash will allow it to “scale rapidly and accelerate its disruptive impact in the UK SME market”.
Rize offers a mobile banking app for Malaysian customers.
The latest round brings the total capital raised by the challenger to $88 million to date.
Trust has picked the vendor’s Vault Core solution to power its new digital banking offering.
The firm has signed up Mongolia’s first neobank, M bank, to help build out its digital lending business.
The licence provides authorisation for the company to act as a deposit-taking financial institution.
Cogo’s tech will feature on Tandem’s green living hub, with plans to integrate directly into the bank’s app in 2023.
The new cash means the Durham-based challenger bank has now raised £105 million over 2022.
David McCarthy has been named as the firm’s new CFO with Wahid Ali joining as CRO.