Mexican fintech Clip lands $50m credit facility from top banks
The funding will be used to “improve financial access” for Mexican businesses.
The funding will be used to “improve financial access” for Mexican businesses.
The new digital bank for small businesses will operate as a separate entity under Liberty Bank.
Together, the firms also have plans to expand into new markets such as India and Singapore.
The round was led by FTV Capital, with existing investor Headline also participating.
The partnership aims to streamline the invoice-to-cash payment cycle for businesses.
The new digital offering is powered by enterprise solutions provider Narmi.
The deal is expected to close in Q4 2022.
The firm’s prebuilt CabbageLink technology can be integrated into mobile apps and online stores.
With the acquisition, Celero says it will serve 53,000+ merchants in the US, processing $21bn in annual card volume.
MVB Financial is aiming to grow its government guaranteed lending business.
Narasimhan previously served as senior vice president of Visa’s merchant and acquiring business in Europe.
Sanders will drive OpenFin’s digital transformation efforts for end-users across its ecosystem.
Ocrolus’ document automation technology will help Lendflow better analyse more data.
In his new role, Satyavarapu will be responsible for managing Nium’s global engineering and technology strategy.
Jawhar’s appointment follows the recent hiring of Nile Younis as Klasha’s new chief commercial officer.
Finix raised the capital at an increased valuation “despite the more challenging economic environment this year”.
Get paid faster and reconcile invoices automatically with instant open banking payments.
KeyBank says BlueSnap’s operating model will give clients the flexibility to process global payments.
CIBC customers will be able to securely share their financial data with third-party fintechs via an API.
The self-described “payments nerd” says he is leaving the payments industry after 41 years.
The funding round was led by GIC, Singapore’s sovereign wealth fund.
The debt financing will boost its lending operations and accelerate its expansion throughout Latin America.
The new entity, set to be worth $480 million, will continue to be headed up by CEO Eliot Buchanan.
Paystand says the combined company “will redefine the boundaries of B2B fintech” across the Americas.
Clearco founders cite rising interest rates, high inflation and e-commerce growth slowdown as factors.
The Global Pay platform is currently available to US American Express small business card members.
Global Payments will acquire EVO in an all-cash transaction for $34 per share, or $4 billion in enterprise value.
According to The Wall Street Journal, a deal is far from certain and could be weeks in the making.
The fresh capital takes the company’s total funding to $87 million.
Mahalo Banking provides online and mobile banking solutions for credit unions.
The firms say the move will enable banks to embed FX services “directly” into corporate and branch channels.
The funds will be used to support SaaS start-ups across the US and Europe.
FinTech Futures chats with Kim Walters, who led the building of Mojaloop’s software from the ground up.
Lucinity says the funding will help expand its customer base, partner network and product offering.
The new capital takes Tesorio’s total funding raised to date to $37.6 million.
Together, SAS’ and Kamakura’s solutions “will prove far greater than the sum of its parts”.
Tapcheck says cash advances relieve the stress that usually comes with living paycheck to paycheck.
Citi will integrate METACO’s bank-grade digital asset custody and orchestration platform, Harmonize.
Stripe says that bank transfers, despite their popularity and ease of use, are “filled with friction”.
SumUp says the latest funding is “indicative of our strength, execution, and potential”.