Canada’s Plooto secures $20m Series B funding to fuel growth
The start-up offers accounts payable and accounts receivable automation software for SMBs.
The start-up offers accounts payable and accounts receivable automation software for SMBs.
The round was led by a consortium comprised of JP Morgan, Citi, BNP Paribas, Barclays and Lloyds.
Banks face increasing regulations and compliance requirements as the cyber landscape grows more complex.
Dubey brings 15 years of experience in financial services to the role.
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Customers will have access to Brim’s full suite of product capabilities powered by the fintech’s tech platform.
With the acquisition, Euroclear plans on expanding its footprint into private markets.
Bob Finance says it needed a platform “that meets internal and external partner standards”.
Zero trust and platform-based approaches will guide fintechs through the current turbulence.
Novicap will use the funding to accelerate its growth, boost its credit portfolio and develop new solutions.
Coupa says the deal is expected to close in the first half of 2023.
With the acquisition, TreviPay plans to expand its B2B payments network.
Once fully launched, Ashman will serve SMEs in the UK’s commercial real estate sector.
Texas-based TIB is moving from a proprietary 20-year-old core to a fully outsourced tech model.
The new credit facilities have been provided by Goldman Sachs Bank USA and Silicon Valley Bank.
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In his new role, Koopman will head up the product management team across all of Broadridge’s business units.
Surecomp’s tech will support Investec’s newly formed trade finance business.
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
The fresh funding brings Teampay’s total capital raised to $65 million.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Following the acquisition, Cred and CreditVidya will continue to operate independently.
The bank says the deal will enable it to “accelerate the migration of key critical workloads to AWS”.
ClearBank will utilise ThetaRay’s tech for AML monitoring, providing flexibility as it scales.
Sola has previously served as a managing director at UBS, Houlihan Lokey and Softbank Europe.
The go-live of Thought Machine’s Vault Core is expected in April 2023 at Payset.
FinTech Futures chats with Diligent’s Lisa Edwards about the firm’s GRC and ESG solutions.
The firm claims it has seen “rapid growth” in the US and has tripled its revenues over the last 12 months.
FinTech Futures speaks with Griffin’s CCO Adam Moulson about the company’s growth.
NCR will upgrade, connect and run Santander UK’s network of more than 1,700 ATMs.
With Moneythor’s solution, Tameed aims to enhance its purchase order financing offering with a loyalty programme.
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
With the initiative, Klarna hopes to accelerate innovation in the development of open banking use cases.
Icon commissioned Celent to carry out research exploring the payment processing opportunities for banks.
At Delio, Burleton will help shape the fintech’s operating model as it looks to expand internationally.
With SEB Embedded, the firm is aiming to become a leading provider in the BaaS market.
Invest Bank is one of the first in the UAE to adopt a full SaaS model for digital and core banking systems.
Minna Bank, Japan’s first digital bank, is the first user of the new core system developed by ZDF and Accenture.
Hamsa will offer a recurring investment product with regular payments, designed for women.
The firm says it will use the fresh funding to enhance its platform and fuel its growth.