IFGS 2023: How crisis creates opportunity for fintechs
Funding Circle CEO Lisa Jacobs and Zopa CEO Jaidev Janardana took to the stage at IFGS 2023 in London.
Lending
Illimity Bank and EIB sign €200m agreement to support Italian SMEs
This is the second agreement between the two firms, following the €1 billion funding facilitated in 2021.
SME Finance secures €100m credit facility from London’s Fasanara Capital
The latest funding brings the total committed from Fasanara to €240 million.
TransPecos Banks launches credit card offering in partnership with E6
The bank has deployed E6’s products to bring card issuing and processing to its customers.
Tandem Bank acquires money app Loop for undisclosed sum
Loop will continue to operate as a standalone brand and app following the acquisition.
South Africa’s Peach Payments lands $31m Series A funding
With the new investment, Peach Payments plans to expand across new markets in Africa.
How fintech start-ups are driving the ethical finance revolution
FinTech Futures chats with three ethical fintech firms operating in the UK.
Pakistan’s Samba Bank extends Temenos partnership with Transact core banking upgrade
Samba Bank says its partnership with Temenos and NdcTech has enabled it to “future-proof” its growth.
DMI Finance bags $400m equity funding led by MUFG
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
SoFi acquires Wyndham Capital Mortgage in all-cash deal
The acquisition includes both “talent and technology” and is designed to help SoFi scale.
A tale of two worlds
We have a responsibility as an industry to do more to improve financial security and create a more equal society.
India’s PhonePe calls off acquisition of BNPL firm ZestMoney
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
US fintech funding round-up: StellarFi, Stratyfy, Beam and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
FinTech Futures Jobs: Four ways ChatGPT can help get you a fintech job
Explore thousands of open roles on the Fintech Futures Job Board today.
Seattle Bank partners LoanStar for embedded consumer lending solution
Seattle Bank customers can now access loans for high-value transactions directly through merchants.
Vemanti taps Finastra to power new SME neobank in Southeast Asia
Vemanti will deploy Finastra’s Fusion Essence solution, with plans to launch initially in Vietnam.
Syndicated loan platform Versana bags $40m in equity capital
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo have all invested capital.
Apple launches BNPL offering Apple Pay Later in the US
Apple has launched a pre-release version of its BNPL offering to a select number of customers.
Metro Bank uses acquisition as a strategy to speed up innovation
A closer look at how Metro Bank has adapted its approach to innovation.
Indian lendtech Stashfin secures $100m in debt funding
The latest funding follows the company’s $270 million Series C round held in June last year.
Plend partners GoCardless for variable recurring payments solution
VRPs will allow Plend customers to change their payment schedule to suit their financial circumstances.
Singapore’s Kredivo Holdings secures $270m in Series D funding
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
Employee financial wellness start-up Rain lands $116m in equity and debt
The total funding is made up of a $66 million Series A equity round and a $50 million debt facility.
FDIC offloads non-crypto Signature Bank deposits to Flagstar Bank
The FDIC will continue to provide crypto-related deposits directly to customers.
Norwegian B2B paytech Two nabs €18m Series A funding
The Series A funding brings the total capital raised by the firm to €28 million.
Bluestone to sell UK specialist mortgage business to Shawbrook
The deal is expected to close in Q2 2023 and the business will continue to trade under the Bluestone brand.
Saudi BNPL firm Tamara lands $150m debt facility from Goldman Sachs
The receivables warehouse facility will help Tamara finance the accelerating demand for its flagship BNPL product.
Dominican Republic’s first neobank launches on Temenos Banking Cloud
Qik’s CEO says they chose Temenos owing to its “successful track record” across Latin America.
UK Spring Budget 2023: the fintech sector reacts
FinTech Futures hears from UK business leaders on how the Spring Budget impacts the fintech sector.
BNP Paribas and Hokodo team up to launch new B2B BNPL offering
The solution will enable large corporates to provide payment alternatives to their business customers.
Consumer finance firm JIVF taps OpenWay for credit products platform
This is the first OpenWay installation of its Way4 platform on Oracle Cloud in Southeast Asia.
How to collect your outstanding debt in a few steps
Avoid incremental bad debts by adopting few recommendations that will bring quick wins and improvement in your collection’s activities.
UAE lendtech Ezra appoints new chief risk officer, Andrew Goodrich
Goodrich will lead the data engineering, predictive analytics, credit risk and fraud functions across Ezra.
FinTech Futures: Top five stories of the week – 10 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK fintech funding round-up: Yoti, Ramp, SteadyPay & Ocula
A handy round-up of the recent funding endeavours of fintech companies across the UK.
US fintech lender Fynn nabs $36m in seed and debt funding
With the new funding, Fynn plans to expand across the US and offer its services to more students.
Equiniti unites trio of businesses under new lendtech brand, Lenvi
Lenvi is a combination of Equiniti’s EQ Credit Services, EQ Riskfactor, and EQ KYC Solutions.
UK lender Abound secures £500m in equity and debt financing
The company plans to grow its loan book and boost its staff headcount.
Budgeting app Buddy taps Klarna Kosma for automatic expense tracking
The partnership has resulted in 52% more monthly active users for Buddy, Klarna Kosma says.
