Ebury completes first acquisition with Frontierpay purchase
Ebury will use deal to expand and boost payments capabilities.
Investment & Funding
BNP Paribas purchases stake in Allfunds to bolster wealthtech solutions
Bank aims to create market-leading software using Allfunds expertise.
Lemon Way nabs €25 million investment from Toscafund
Parisian payments firm plans geographic expansion with new funds.
Help-to-buy fintech Proportunity raises £2m, offers alternative to UK government
The fintech provides first-time buyers with an equity loan of up to 15%.
Wealthtech Genuine Impact plans new app launch with fresh design
It launched its first app back in February 2019.
RegTech startup Apiax raises $6.6m in Series A round
Firm aims to digitise regulatory compliance into binary code.
Santander leads €35m funding round in digital debt marketplace CrossLend
Lakestar, ABN AMRO Ventures and Earlybird will also be investing.
ID Finance crowdfunds £1.5m in minutes, eyes up Hispanic and Latino loan market
ID Finance is on track to double revenues to €90m this year.
Ripple invests in XRPL infrastructure startup Towo Labs
Investment going towards the development of hardware wallet firmware.
Cashforce solves forecasting challenge for treasuries, raises €5m funding
INKEF Capital and Citi Ventures led the Series A round.
Educating the masses
The age for financial literacy is getting younger and younger.
India’s fintech Paytm in talks with T Rowe Price for $1 billion funding round
Existing investors SoftBank and Ant Financial are also expected to participate.
Revolut hires JP Morgan to manage $500m funding round and issue a $1b loan
The loan will turn into shares if Revolut receive a US banking licence.
Finnish invoicer Enterpay raises €1m and partners with German bank
The fintech partners with Volksbanken Raiffeisenbanken.
Metro Bank brings fintech to UK SMEs with £120m funding
The bank wants to inject “much needed competition” into the SME space.
Nordic banks reveal business plan for single payments platform P27
The banks predict P27 will start generating revenue in 2021.
Funding innovation: a penny for the thought you never had
You can’t avoid the pain and discomfort of change no matter how many digital agencies you engage.
Decentralised vs centralised exchanges: a comparative analysis
Crypto is not about rolling the dice but it’s about making tough decisions.
Ask the expert: your questions on growing the business answered
What’s the best way to secure investment?
UK challenger bank Tide gets investment from Japan’s SBI
The Telegraph says the SBI splashed £44 million on the British fintech.
Banking Technology October 2019 issue out now
Lessons from Africa.
Fintech Dave hits $1bn valuation after two years
Dave has four million users on its financial management app.
Bnext becomes first fintech in Spain to raise a $25m Series A, plans LatAm expansion
The round was led by DN Capital, Redalpine and Speedinvest.
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
Will Smith and Kevin Durant part of $20m investment in Mercury
The bank launched in April this year.
SEC introduces new rule to boost ETF competition
US regulator hopes to break open a market dominated by large players.
Moneyfarm raises £36m, launches wealth management partnership with Poste Italiane
Moneyfarm aims to build “a more financially secure future”.
Summer raises $10m to “democratise” student loan advice
The fintech is gearing up to support 120 loan forgiveness programs.
Challenger banks in India: who’s who and what’s their tech
A comprehensive list of Indian challenger banks and banking services, and the tech they are using.
Mobile finance fintech Channel VAS lands $54m investment
Investors see potential in Africa’s “growing yet underpenetrated mobile airtime market.”
Start-up to democritise Mexican banking raises largest funding round in country’s history
The investment is $7.5 million in equity and $50 million in debt.
Sibos 2019: IBM’s initiative for social good
AI to combat social issues is “not philanthropy”, but rather an initiative.
Fundbox raises $176m from Allianz X and GMO Internet
Fundbox can offer businesses greater cash flow predictability.
Nationwide invests in BankiFi to boost new business current account
Nationwide has invested in BankiFi using its £50 million fund.
Deutsche Bank turns German fintech Deposit Solutions into unicorn
The bank bought a 4.9% stake in the fintech.
Latitude Financial preps $2.5bn IPO
It will be the largest IPO in the country since 2014.
Banking Circle calls for financial inclusion for SMEs
The paper explores how to bring barriers down for small players.
Stripe hits $35 billion valuation on back of fresh funding
Stripe’s value has increased 56% since the start of 2019.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
