Financial “cockpit” for SMEs Ageras raises €30m
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
Digital
Five open banking trends that are paving the way for a new financial experience
Let’s take a look at how the landscape for open banking and fintech is evolving.
Digital bank Wio set to launch in UAE following central bank approval
The digital bank will initially cater to the country’s SMEs, with a beta launch expected in Q1 2022.
FinTech Futures Jobs: Three companies that are hiring this spring
Exciting open vacancies at Hazy, Starling Bank and Monzo. Apply today!
Digital-first “bank for youth” LINC launches in Jordan
The neobank has been built by Cairo Amman Bank, a full-service bank in Jordan and Palestine.
Thailand’s Siam Commercial Bank invests $100m in digital finance platform Akulaku
Akulaku CEO William Li says the companies share a vision for banking that is “expansive and inclusive”.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
US fintech start-ups Airbase, Genesis Volatility, and Tilled raise funds
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
Paysafe builds out digital wallets team with new exec hires from Barclays and Amazon
Rachel McShane joins as digital wallets CFO and Megan Oxman joins as SVP of new product development.
US mobile banking app Spruce launches powered by SoFi Technologies’ Galileo
The mobile banking platform has been built by H&R Block and launched on 20 January 2022.
The carbon cost of technology and what to do about it
Banks and fintechs should understand how much energy they consume to make better informed decisions.
White paper: Building reliable and secure fintech systems in 2022
Helping bridge the gap in shared knowledge and understanding between tech teams and business leaders.
Finovate supplement: stand out and showcase your brand to fintech professionals
Our Finovate supplements are a great way for you to gain additional brand awareness.
Equitable acquires Concentra to become Canada’s seventh largest bank
Concentra Bank, including Concentra Trust and Wyth Financial, will join Equitable.
Tinkoff Bank launches Russia’s first fully digital mortgage; plans Philippines expansion
“The refinancing and lending process will be extremely simple and 100% digital,” Tinkoff states.
Challenger bank Blink appoints Zein Malhas as CEO
Malhas moves from Capital Bank of Jordan, where she was chief digital officer.
SME financing platform Funding Societies raises $294m in equity and debt
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
TSB and BankiFi team up to launch Revenu app for small businesses
Revenu enables small businesses to receive quicker payments and to better manage their finances.
NatWest and RBS to shutter 32 branches in England and Wales
The UK banking giant says it has taken steps to mitigate the impact of the closures.
Private equity firm Madison Dearborn Partners to acquire MoneyGram for $1.8bn
The transaction is expected to close in Q4 2022.
UK challenger bank Atom raises £75m as it heads toward IPO
The UK’s first app-based bank has raised more than £75m in new equity priced at 70p per share.
Nigerian paytech Flutterwave lands $250m Series D round
Flutterwave says it has become the highest-valued African start-up with this investment.
My favourite place
It’s not ‘doing the right thing’ if you only do it occasionally. You need to maintain high standards every day.
Low-code platform for financial markets Genesis raises $200m
Genesis’ new round of $200 million in financing was led by Tiger Global Management.
New digital bank D360 gets regulatory approval in Saudi Arabia
D360 becomes the third digital bank in Saudi Arabia to be licensed.
Barclays and Oracle FS team up for virtual account management project
The large-scale VAM project aims to deliver “more capability to corporates”.
Al Rajhi Bank Malaysia hires Ikram Khaliq to lead new digital bank offering
ARBM plans to launch its new digital bank this year.
SAIB rolls out Moneythor’s PFM solution
The Saudi Investment Bank has implemented Moneythor’s personal financial management tools.
Qatari financial management app Karty set to launch in MEA region
Karty allows users to spend, save and manage their money.
FIS acquires embedded finance start-up Payrix
The Atlanta-based Payrix provides embedded payment solutions for Software-as-a-Service verticals.
In an era of consolidation, will fintech retain its spirit of innovation?
The unprecedented level of consolidation in the market may stoke fears that innovation will be stifled.
Neobanks: are they up to the fight?
Collectively, challenger banks are chipping away at the most profitable parts of the incumbents’ business.
Round and round: how circular economy fintechs are aiming to save the planet
Twig CEO Geri Cupi thinks the circular economy is now at a tipping point in terms of mainstream acceptance.
Trulioo acquires HelloFlow to create “end-to-end identity platform”
HelloFlow is a no-code builder of client onboarding, monitoring, and digital workflow solutions.
Banking tech vendor Thought Machine receives £40m investment from Intesa Sanpaolo
Thought Machine’s Vault system will underpin Intesa Sanpaolo’s new digital banking service, Isybank.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
African fintech start-up Stitch lands $21m Series A round
Stitch will use the cash to expand its team, launch new products and enter new markets on the continent.
Spanish banking giant BBVA invests $300m in Brazilian neobank Neon
“Digital is opening new ways for us to grow in very attractive markets,” says BBVA chairman.
UK challenger Revolut secures Aussie credit licence
Revolut Australia CEO says the firm is creating the “world’s first truly global financial platform”.
The evolution of institutions: how to make banks competitive in a digital landscape
As technology has given us greater flexibility in other areas of our lives, we want those benefits from our banks too.
