ICYMI fintech funding round-up: Tuum, DigiMaaya, Youverify, Trampay and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The latest fintech news, resources and expert analysis in Brazil by the leading intelligence provider for the worldwide fintech community.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The company last raised $24 million during a Series A round in December 2021.
The global network aims to boost the economic development of the Amazon region.
Williamson is expected to be paid in the company’s shares, and will meet its executive committee once a month.
Created 20 years ago, Lynx leverages AI and machine learning to detect and prevent financial crime.
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
Pismo is to support AtPay’s BNPL and card management programmes, ahead of its Q1 2024 launch.
The cash will be put towards product development and exploring merger and acquisition opportunities.
Skytef has been distributing Fiserv’s electronic funds transfer solution SiTef since 2002.
The US bank first bought a stake in C6 in June 2021.
The funding was led by Tiger Global Management, with participation from existing investors
The offering positions Tenpo as a competitor to traditional financial lenders in the country.
The fintech landed $20 million in a Series A funding round in June 2022.
The acquisition will enable Matera’s clients to enhance their sales capabilities through actionable insights.
N26 Brazil has laid off around 20 staff, according to local news outlet Estadao.
Launching this September, Grow seeks to provide businesses with better cash flow, management and capital.
The transaction is subject to regulatory approvals and is expected to close by the end of this year.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Revolut will initially offer a multi-currency account and crypto investing for customers.
The deal will see Belvo become “the most complete” account-to-account (A2A) payments provider in Brazil.
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
Paula Rothman, Nubank’s social and content lead, explains how the challenger bank harnesses the power of social media.
Visa has reportedly submitted a bid of $1.4bn after an initial offer of $1bn was rejected by Pismo.
Marcus previously spent seven years at Meta and co-created the firm’s cryptocurrency Diem (formerly Libra).
Customers will soon be able to make payments to small businesses directly from WhatsApp.
Lucena has previously worked for financial services firms including Binance, Rapyd, Worldpay and PayU.
Inter&Co provides financial services through its ‘super-app’ to more than 25 million users.
The bank will be powered by Vault Core, Thought Machine’s cloud-native core banking platform.
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
Nucoin, Nubank’s very own cryptocurrency, is expected to launch in the first half of 2023.
Founded in 2018, Ali claims to have negotiated more than $37 million in payroll-deductible loans.
Itaú selected Genesis for its “deep domain experience in asset management, trading and financial services”.
The company expects its products to go live in Brazil in the first half of 2023.
The funding will allow the firm to expand its portfolio of credit products “in a sustainable and balanced way”.
Pismo and OneConnect entered into a strategic partnership in April this year.
Millions of Brazilians can now gain access to a financial system that traditionally excluded them.
PicPay sees crypto as a way to decentralise payments and other financial services.
Firm hopes new licence will help diversify its sources of funding and grow its portfolio of credit products.
Madeira brings engineering and product building expertise from stints at Google, Snap, and Coinbase.
Here’s our pick of five of the top news stories from the world of finance and tech this week.