Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
Investment & Funding
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Cartoon: Fear gauge
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
Dutch fintech start-up Floryn lands €65m from NatWest
Floryn claims it has provided more than €650 million in financing since inception.
Moneyhub lands £40m investment from Legal & General, Lloyds and Shawbrook
Legal & General and Lloyds will both take minority stakes in the business.
US fintech start-up Banyan lands $43m Series A
The Series A round is made up of $28 million in equity and $15 million in venture debt.
New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
FinTech Futures: Top five stories of the week – 21 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Ordo, Plum, Maplerad and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech Achieve bags $225m debt facility
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.
Santander partners VC firm Forgepoint for new cybersecurity investment company
The bank is expecting to invest up to €300m in the strategic partnership.
Capital on Tap secures £100m credit facility to support SMEs
The facility will be used to build out a central finance hub for small business owners in the UK and US.
Crowdz to integrate open banking-powered payments with GoCardless partnership
Crowdz will implement three GoCardless open banking-powered payment features across four markets.
NorthOne bags $67m in Series B funding round
The new capital takes NorthOne’s total funding raised to date to more than $90 million.
TripActions raises $304m Series G at $9.2bn valuation
The fundraise was a mix of $154 million in equity and $150 million in structured capital.
Crypto-powered banking platform BVNK secures Spanish digital asset registration
BVNK is looking to expand across the European Union and beyond.
Teen financial platform Step lands $300m in debt funding
The new funding brings the total capital raised by Step to $500 million in equity and debt.
US-based card start-up Mercantile launches with $22m in hand
With the fresh funding, Mercantile plans to further its product development, build partnerships and expand its teams.
ICYMI fintech funding round-up: Ayoconnect and Tugende
The ICYMI round-up brings to you the latest funding news from around the world, every week.
US fintech funding round-up: OatFi, Fintor and StandardC
A handy round-up of the recent funding endeavours of fintech companies across the US.
Europe fintech funding round-up: Payable, Axyon AI, Cube and HeidiPay
A handy round-up of the recent funding endeavours of fintech companies across Europe.
UK fintech GoHenry lands $55m in fresh funding round
Existing investors Edison Partners and Revaia took part with Italian paytech Nexi joining in as a new investor.
MarketFinance nets £30m credit facility from Israeli investment group Viola
Viola had previously invested £75 million in the company to support its entry into the business loans segment.
Sibos 2022: A look ahead – India’s fintech growth story
India has proven that it offers fertile ground for fintech start-ups.
Airwallex bags another $100m in Series E extension, valuation remains unchanged
The extension round brings Airwallex’s total funding to more than $900 million.
BNP Paribas to provide £200m financing to UK consumer lender Fluro
Fluro is a new name and brand for embedded lender Lending Works.
Mind the gap: how the Fintech Growth Fund aims to boost the UK fintech scene
The fund is set to raise capital from investors and pump money into UK fintechs looking to scale.
Jiko lands $40m Series B, launches T-bill corporate money storage solution
Jiko’s solution provides firms access to spendable T-bills.
FinTech Futures: Top five stories of the week – 7 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Vance, Solvento and Jingle Pay
Our weekly fintech round-up for you to get the latest funding news from around the world.
Europe fintech funding round-up: Plum, NoFrixion, Currensea and Finteum
Our weekly round-up for you to get the latest fintech funding news from around the UK and Europe.
Brazilian payroll-deductible loan fintech Ali raises $25m in Series A round
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
US fintech funding round-up: Bridge Money, Involio and Amplify
A handy round-up of the recent funding endeavours of fintech companies across the US.
Dubai-based fintech YAP in talks to raise further $20m
If completed, the new funds will take the firm’s total Series A raise to $61 million.
Korea Credit Data raises $24.7m in Series D extension
Since it was founded in 2016, the firm has raised more than $110 million in total funding.
UK challenger Zopa in talks to raise $100m before mooted public listing
Zopa is reportedly in “detailed negotiations” with shareholders to raise around $100m.
Indonesian fintech unicorn Xendit sheds 5% of its workforce
Xendit says affected employees will receive “suitable compensation” alongside additional benefits.
Merck commits $20m to CNote to support underserved communities in the US
The money will go to underserved communities in regions where Merck currently operates.
Colendi secures $150m credit facility from Fibabanka
The firm aims to provide new loan and investment opportunities for the underbanked.
How Paycraft is helping ease urban mobility in India
We chat with Paycraft’s CEO Ambarish Parekh about what the company offers and its evolution over the years.
