Cartoon: Market dilemma
A new cartoon illustrating how venture firms are reacting to the changing macro environment.
Start-up
Business financing platform Muse Finance hires Tarek AbdelKader as CTO
The tech veteran has previously worked at firms including The Co-Operative Bank and Think Money Group.
BaaS platform NovoPayment lands $19m Series A funding
The round was led by Fuel Venture Capital and IDC Ventures.
Brex acquires bookkeeping software firm Pry Financials for $90m
Pry CEO Andy Su says: “With Brex’s scale and reach, we can have a much bigger impact right away.”
New UK fintech Frost to launch next month
The firm’s app currently has a waitlist of over 15,000 people.
Aussie fintech Archa lands $24m in equity and debt funding
The pre-Series A investment round consists of $4 million in equity funding and a $20 million debt facility.
Pakistani fintech start-up Abhi raises $17m in Series A funding
Funds will be used to expand its team and build out marketing capabilities.
BNP Paribas invests in fintech-focused VC firm Anthemis
BNP Paribas’ head of global markets Olivier Otsy says Anthemis has a “strong track record” in fintech investments.
New UK start-up Keyzy gears up for launch with rent-to-own solution
The firm promises hopeful homeowners the ability to “move in now, buy later”.
Anti-fraud platform SEON raises $94m Series B to fuel global expansion
The start-up will use the fresh capital to expand throughout North America, LatAm and APAC.
Nigerian digital bank Umba raises $15m Series A funding
Following the Series A, Umba has now raised a total of around $17.5 million to date.
The Bank of London hires new deputy CEO for the UK
Tom Wood will also join the firm’s UK Bank Board, reporting to group chief executive and founder Anthony Watson.
European fintech start-ups Montonio and Payaut secure funding
Montonio raised €11 million and Payaut secured €8 million, respectively.
ICYMI fintech funding round-up: Winden, EximPe, Uplinq, ImaliPay & SwooshTransfer
Our weekly fintech round-up for you to get the latest funding news from around the world.
Waste! What is it good for? Absolutely nothing
Climate change is a complex problem, and its solutions are manifold and multifaceted.
Finnish expense management fintech Zevoy raises €15m Series A
The round was led by Blossom Capital and saw participation from Maki.vc and Brightly Ventures.
Wagestream secures $175m Series C funding to fuel expansion plans
The round is believed to be the largest ever raised for a social impact fintech.
New UK fintech start-up GoSolo launches business account
GoSolo aims to streamline the application process for opening a UK business account as a non-resident.
New UK lending fintech OnLadder receives funding
The UK-based start-up seeks to make purchasing a home more affordable for first-time buyers.
Creator economy e-commerce platform SamCart raises $82m Series B
The round saw participation from Eldridge, TTV Capital, Fin VC, George Kaiser Foundation and eGateway Capital.
Nigerian fintech start-up Kippa launches digital payments offering for African SMEs
Kippa Payments is the second product launched by the start-up since it was founded in June 2021.
How GoCodeGreen is aiming to make fintech software net-zero
Eric Zie, CEO and founder of GoCodeGreen, talks to FinTech Futures about the push for sustainable software engineering.
German fintech ExpressGroup lands €25m Series A
The round was led by Insight Partners and Project A Ventures.
UK fintech funding round-up: Timeline, Leatherback & Network B
A handy round-up of the recent funding endeavours of UK-based fintechs.
Spanish payments firm PayRetailers scoops up two LatAm e-commerce platforms
The firm has acquired Chile’s Paygol and Colombia’s Pago Digital.
UK fintech Fidel API secures $65m Series B round
Funding will help the firm meet the “ever increasing demand for tools that enable programmable money experiences”.
Charitable giving start-up Daffy on the growth of donor-advised funds
FinTech Futures speaks to Daffy’s Adam Nash and Lorie Lambert about streamlining donations.
Kevin Guy joins UK challenger MoneeMint as COO
Guy has 36 years’ worth of experience across banking and financial services.
US start-up Remote raises $300m in Series C funding
The firm previously secured $150 million in a Series B round in July 2021.
Swiss challenger Alpian lands banking licence, raises $20m
Alpian plans to launch in Q3 2022. Prior to that, the digital bank will launch its alpha release to employees.
New challenger Adapta Bank launches in Brazil
Brazil’s latest challenger offers banking services through a free mobile app account.
Savings and retirement wealthtech Lilly set to launch in US
Billed as “the world’s first retirement debit and credit card”, the service will cost from $5 a month.
Oxbury Bank raises £31m in Series C funding, acquires core banking tech provider Naqoda
Oxbury Bank is a start-up bank in the UK focused on the agricultural sector.
UK savings app Moneybox lands £35m Series D
The investment brings Moneybox’s total funding raised to date to £95 million.
Cartoon: Free solo
A new cartoon illustrating the difference in expectations between a start-up entrepreneur and a VC firm.
Banking Technology Magazine April 2022 issue out now
Cover story: WINDS OF CHANGE – Tackling the carbon cost of technology.
Money transfer app Azimo acquired by payroll and payments firm Papaya Global
The acquisition follows Papaya Global’s $250 million Series D funding round last September.
Egyptian super-app Khazna secures $38m Series A round
Khazna has now raised a total of $47 million to date.
UK credit card start-up Yonder exits stealth, raises £20m
Yonder is designed for the five million-strong ‘credit invisible’ market underserved by current credit providers.
UK Infrastructure Bank embarks on system selection
UKIB, a new government-owned bank, is looking for a core banking system and has issued a tender.
