Asia fintech funding round-up: SadaPay & Finbots.AI
A handy round-up of the recent funding endeavours of Asian fintech firms.
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North America fintech funding round-up: CoreChain, OneVest & Crowdz
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
Middle East and Africa fintech funding round-up: Zenda, Pemo, Afriex & Laboremus
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
Malcolm Leach joins SME financing marketplace Funding Options as CTO
The appointment comes after the firm experienced its strongest quarter since the start of the Covid-19 pandemic.
Europe fintech funding round-up: Previse, Qonto, Volume, Tuum & Monspire
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Banking Circle acquires German A2A payments firm SEPAexpress
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
CFPB invokes “largely unused” Dodd-Frank law to scrutinise fintechs
“This authority gives us critical agility to move as quickly as the market,” CFPB director Rohit Chopra says.
Fintech app for teens Copper secures $29m Series A
The latest round takes Copper’s total capital raised to date to $42.3 million.
US challenger Cogni lands $23m in Series A funding
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
New paytech start-up Saltare launches in the UK
Saltare aims to give large organisations the tools to pay suppliers and partners more quickly.
Robinhood announces layoffs, sheds 9% of full-time workforce
CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.
US paytech Choice brings on Nexa Equity as majority investor, acquires DPC
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
Al Rajhi Bank Malaysia picks Moneythor to strengthen digital bank offering
The bank will integrate Moneythor’s personal financial management features.
Fintech start-up Valor set to launch in US for Latino and Hispanic communities
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
Banque Saudi Fransi and DSK Bank tap Backbase to revamp digital customer experiences
Both financial institutions are set to implement Backbase’s Engagement Banking Platform.
Edtech start-up Gimi teams up with ABN Amro to launch kids’ financial literacy app
The co-branded app is aimed at parents and youngsters between the ages of seven and 13.
Norway’s Signicat buys UK anti-fraud firm Sphonic
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
Funding Circle founder bags $30m for new paytech
The funding was raised at a pre-money valuation of $60 million, according to Sky News sources.
UK challenger Starling secures £130.5m funding at £2.5bn valuation
The challenger plans to “build a war chest for acquisitions”.
Singapore’s Nium to acquire alternative payments network Socash
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
MoneyGram sued by CFPB and NYAG for allegedly “leaving families high and dry”
MoneyGram responded to the “baseless claims”, adding it is “fully prepared to vigorously defend itself”.
Mirabaud selects Temenos and Wealth Dynamix for digital transformation
Mirabaud’s planned digital transformation programme will take several years to fully implement.
Tom Hamilton joins investment fintech Bite as new chief information officer
Hamilton has more than 20 years worth of experience in senior leadership and information technology roles.
Irish fintech Fenergo acquires AML transaction monitoring start-up Sentinels
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
Kiwi regtech start-up First AML lands £15.6m Series B, makes UK debut
The company’s co-founder Bion Behdin is relocating to its new London office.
Indian fintech Financepeer raises $31m in Series B round
The firm says it will use the funds to make quality education more accessible across India.
US fintech Bond teams up with Evolve Bank & Trust for BaaS offering
The partnership will offer new debit and credit card capabilities for businesses and consumers.
Tighten financial crime controls, FCA tells challengers
The FCA review found some UK challenger banks have “weaknesses” with regards to financial crime controls.
Taiwan’s Cathay United Bank goes live with Avaloq’s core banking tech
Avaloq says its core platform “creates a solid foundation for Cathay Bank”.
Indian fintech start-up Recur Club secures $30m seed funding
The seed funding is made up of a combination of equity and debt.
US financial services super-app Multicent gears up for launch
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
FinTech Futures: Top five stories of the week – 22 April 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Video: Greg Palmer at Finovate Europe 2022 – The future of fintech
Finovate’s Greg Palmer on how the pandemic accelerated the digitisation of financial services.
SH Payments hires Irmantas Kamienas as new CEO to drive European expansion
Kamienas joins from financial group SEB and will be tasked with expanding the company’s European footprint.
Canadian neolender QuadFi lands $100m financing facility
The facility will be used to provide personal loans to people with limited credit history.
Alkami tapped by ORNL Federal Credit Union for digital banking upgrade
The Alkami Platform will power ORNL FCU’s growing digital offering, with new services set to be rolled out.
Garanti BBVA International heads to the cloud with Temenos
GBI will deploy the vendor’s Temenos Banking Cloud solution.
ICYMI fintech funding round-up: Union54, Themis & Sawa
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Cartoon: Market dilemma
A new cartoon illustrating how venture firms are reacting to the changing macro environment.
E-book: Knowledge is power – the role of AI in building loyalty in finance
Answering the question of what, despite changing times and expectations, the key to success is.
