News

Keep your finger on the global fintech pulse with the latest news.

Indian fintech FPL Technologies raises $75m in Series C round

Pune-based FPL’s products are designed to create a credit-savvy population.

Video: fintech news pick of the week – Checkout.com funding; UK fintech investment; digital currency pilot in Bahrain

Our top pick of news from the world of finance and tech in bitesize video format, every week.

Matt Collinge joins start-up Sequence as CTO

UK-based start-up Sequence is “creating a new category of software”.

Instant payments come to Curaçao and Sint Maarten

The system was developed by European paytech provider Worldline.

Digital asset fintech Zero Hash lands $105m in Series D round

The round saw participation from Bain Capital, NYCA and Point72 Ventures.

Ebury appoints HSBC innovation head Louise Chan as new COO

Chan is taking on an expanded role, covering operations, product, data and regulatory reporting.

Sydney fintech start-up Cape makes tech and product leadership hires

Julian Guppy joins as CTO and Andrew Fanner as chief product and marketing officer (CPMO).

Pan-African Payment and Settlement System goes live

PAPSS will save Africa more than $5 billion in payment transaction costs every year.

GPS adds $100m to its latest funding round, appoints new chair

Global Processing Services (GPS) closes its latest funding round at over $400 million.

Indonesian fintech start-up Pluang raises $55m in Series B follow-up round

The company has now raised $110 million in total Series B funding.

United Fintech acquires 25% stake in asset management platform Athena

The multi-stage acquisition deal is the company’s fourth acquisition in 14 months.

ICYMI funding round-up: DigiDoe, Acorn Finance, ThankUCash, Trust & Will, MDXT, & Paywatch

Don’t let funding announcements slip you by in this fast-paced industry.

Case study: Recognise Bank case study

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The 10th NextGen Payments and Regtech Forum

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Whitepaper: To buy or to build: Which is the best path for digital transformation

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UK consumer lender Oplo acquired by challenger bank Tandem

Together, Tandem and Oplo will “create a fairer, greener digital bank”.

First Abu Dhabi Bank appoints Suhail Bin Tarraf as group COO

Suhail Bin Tarraf joins from Emirates Islamic Bank, where he was COO for five years.

Travel BNPL fintech Fly Now Pay Later lands $75m debt funding package

The funding package will finance the UK fintech’s expansion into the United States.

Accrue Savings raises $25m to offer consumers “a responsible purchasing option”

The Series A funding round was led by Tiger Global.

New chief information security officer at Blackhawk Network

Veteran information security exec Selim Aissi joins Blackhawk as CISO.

Swiss digital assets bank SEBA raises $120m in Series C funding round

The round was co-led by a consortium of specialised blockchain and fintech investors.

AI-focused fintech Qraft Technologies secures $146m SoftBank investment

Qraft’s US CEO says investment management is “ripe for disruption” thanks to AI.

coindcx

Crypto exchange CoinDCX names former Wells Fargo exec Divakar Prayaga head of information security

Launched in 2018, CoinDCX claims to be India’s “safest crypto exchange”.

Alternative investment platform CAIS hits unicorn status with $225m funding

CAIS describes itself as “the first truly open marketplace for alternative investments”.

French fintech Qonto secures €486m Series D funding to boost European growth

The bumper funding round takes the start-up’s valuation to €4.4 billion.

Solution brief: Arkose Labs for fintech

Arkose Labs bankrupts the business of fraud by sabotaging attackers’ ROI and making it uneconomical to attack you.

checkout

Checkout.com secures bumper $1bn Series D round at $40bn valuation to boost US growth

The paytech has now raised around $1.8 billion in total funding to date.

Novo

US SME banking platform Novo raises $90m in Series B funding

Novo CEO Michael Rangel says the funds will go towards improving cash flow for small businesses.

ABN Amro’s Christian Bornfeld to leave role as CI&TO in May

Bornfeld has been “instrumental in future-proofing the bank’s IT landscape”, says CEO.

Brex hires Meta product head Karandeep Anand as CPO, lands $300m funding

Since its founding in 2017, Brex has raised a total of $1.2 billion.

Sumitomo Mitsui Trust Bank invests in Indian lender DMI Finance

DMI Finance has closed a $47 million equity investment round.

KoinWorks raises $108m in Series C to power Indonesia’s SME sector

KoinWorks aims to hire 400 new employees globally.

Fintech start-up Twig raises $35m to support Web 3.0 plans

The London-based fintech intends to expand into the EU and US in 2022.

White paper: 8 trends fuelling account takeover attacks on fintechs

How fraud and security teams are navigating the increasingly complex threat landscape.

Case study: Fintech neobank slashes ATOs by 75% with Arkose Labs

No more losing about $100,000 per week in costs associated with compromised accounts!

Levenue acquires fellow Dutch financing platform Requr

Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.

Central Bank of Bahrain and JP Morgan conduct successful digital currency settlement test

The test was facilitated by JP Morgan’s new blockchain-focused business unit Onyx.

Citizens State Bank picks Lendsmart for mortgage solutions upgrade

Lendsmart’s technology digitises up to 70% of lending and home buying processes.

Core banking solution provider Topaz acquires majority stake in Cobiscorp

The acquisition is set to expand the firm’s footprint across the Americas.

Fintech funding deals globally 3 January – 9 January 2022

Featuring OpenSea, PayFit, Petal, Sygnum and Starling Bank.

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