Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
PayTech
Top news stories, resources and expert commentary from the payments tech sector worldwide.
Novi chief and co-creator of Diem David Marcus to leave Meta
Marcus is stepping down to pursue new entrepreneurial opportunities after seven years at the firm.
Tutuka and Paymentology merge to create new paytech “powerhouse”
The merger will “create the world’s first global issuer-processor spanning 49 countries”.
Batelco and i2c to launch Bahrain’s first open banking super app, Beyon Money
Beyon Money has recently secured a “first of its kind” open banking licence.
Fintech funding deals globally 29 November – 5 December 2021
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Microsoft met with criticism over BNPL plans for Edge
Microsoft has partnered with Zip to offer a BNPL payment option in its Edge browser.
Indian fintech start-up Simpl lands $40m in Series B funding
Fast-growing Indian e-commerce sector is in the company’s sights with its cardless payments offerings.
Swift changes for guarantees – are banks ready to deliver a digital trade service?
The new Swift CAT7 standards will have a significant impact on the trade finance industry, but are banks prepared?
ICYMI funding round-up: Bunq, Qapita, GajiGesa, Knowledge Bank, Anchor, Goalsetter, & Lamaa
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
Shinhan Bank readies stablecoin remittance PoC on Hedera network
This is the latest in a number of distributed ledger innovations by the South Korean bank.
Australia’s Mr Yum secures $64m Series A funding
Female-led company is focused on mobile orders and payments in restaurant and hospitality sectors.
Wise to add 1,000 staff across the globe in 2022
The recruitment drive would take its total headcount to 4,000.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
YouTrip plans B2B expansion following $30m Series A
The Singapore-based fintech offers a multi-currency wallet, with a push into the corporate market now planned.
Fundbox closes $100m Series D round to take valuation beyond $1bn
Product expansion, including into payments, is planned for its small business platform.
Interac selects Microsoft Azure as part of hybrid cloud strategy
The payments processor has seen a sharp increase in volumes in the last 18 months.
Want to be a hidden challenger and accelerate fintech partnerships?
Exploring how new models of bank-fintech partnerships spell quick revenue for incumbent banks.
BNP Paribas partners European paytech SIA to launch branded corporate cards
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
Revolut buys SME hospitality ePOS software provider Nobly POS
Nobly POS software will be integrated with Revolut payment offerings internationally.
Mastercard acquires Latin American Start Path protégé Arcus
The payments specialist will aid introduction of Mastercard Bill Pay to Latin America.
ICYMI funding round-up: Pomelo Pay, Nudge, Recordent, fintus, EarlyBird, WLTH, and Basiq
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
Payhawk raises $112m in second largest B2B Series B in CEE
Funding round takes payments and expenses solution provider to $570m valuation.
Lydia to white-label Bitpanda platform for digital assets
Partnership will provide investment opportunities to Lydia’s 5 million customers via its app.
US fintech start-up Settle closes $60m Series B round
The San Francisco-based company has now raised $100m in total funding to date.
South African e-payments platform Ozow lands $48m in Series B funding
The paytech says cash will help deepen financial inclusion on the African continent.
MoonPay rides the crypto wave with $555m all-equity Series A round
MoonPay is on a mission to give the next billion people access to the crypto economy by 2030.
The right way to build a fintech
Fintech entrepreneurs need to ensure they get back-end processes right when launching their business.
Mexican BNPL platform Aplazo completes $27m Series A round
Increase in headcount and Latin American expansion planned.
Global digital payments growth in the pandemic and beyond
The pandemic compressed decades’ worth of transformation and digitisation into the space of several months.
US credit card fintech Black Opal prepares for full launch
The firm intends to issue credit cards for expats and is seeking funding of $100m.
Fintech start-up Imprint lands £38m in Series A round
Stripe among backers for brand-centric payments player with $53m raised in total to date.
Amazon to ditch UK-issued Visa credit cards
The move is blamed on high transactions fees.
FinTech Futures industry survey 2022
Share your views on the state of play in financial services, banking and payments technology sectors.
Canadian card and spend management fintech Float raises $30m in Series A
This latest financing round brings Float’s total funding to date to around $34 million.
Business paytech Bottomline adds straight through processing with Bora acquisition
Virtual card payments made via STP cut costs and time, Bottomline says.
UK checkout fintech Volume aims to simplify online payments
2021-founded company plans to target both commercial firms and challenger banks as customers.
A revolution in the making: how digital transformation is changing P2P payments
The pandemic has accelerated P2P payment developments which are shaping customer experience in new ways.
Bank of England to launch UK CBDC consultation in 2022
Following consultation and development phase, CBDC could launch in second half of this decade.
UK fintech MoneyBoss plans on P2P personal finance
Wealth management fintech combines social media with online learning and account aggregation.
MFS Africa raises $100 million in Series C funding to boost digital drive
Payment gateway company looks to increase its exposure across Africa.
Banking service for migrants @thisismajority raises $27m in Series A Valar Ventures led the round only six months… twitter.com/i/web/status/1…
.@tutuka and @Paym3ntology merge to create new #paytech “powerhouse” spr.ly/6015JSXFW
.@novi chief and co-creator of Diem David Marcus to leave @Meta Marcus is stepping down to pursue new entrepreneur… twitter.com/i/web/status/1…
.@NumeratedGT acquires fellow fintech @FincuraTech Numerated is "building the future of business banking”, founde… twitter.com/i/web/status/1…
#Wealthtech @FNZ_Group acquires client onboarding tech vendor @Appway The two companies have been working togethe… twitter.com/i/web/status/1…
#Analysis: The path forward for open banking payments At a time when banks have lost ground in the market, open ba… twitter.com/i/web/status/1…
Banking service for migrants @thisismajority raises $27m in Series A Valar Ventures led the round only six months… twitter.com/i/web/status/1…
.@AMPCapital appoints new CTO, Felicia Trewin Trewin will be responsible for leading the group’s technology strate… twitter.com/i/web/status/1…