ICYMI fintech funding round-up: Zanifu, Koverly, Micronotes & more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Once acquired, ForgeRock will delist its class A common stock from the New York Stock Exchange.
Rextie becomes Latin America’s first FX fintech to receive an investment from Citi.
Lawrence Lin Murata reflects on what he learnt from starting his first company and the impact on starting Slope.
The deal is expected to close on 31 August.
The firm’s new $5.8bn valuation represents a 28% drop from its $8.1bn valuation back in March 2022.
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
The acquisition is subject to regulatory approvals and customary closing conditions.
The $6 million deal is to be completed via an all-stock transaction by September.
The company attributed the performance to hiring costs and US competition.
With Corserv, Peoples Bank will be able to offer 14 different credit card products to its business and retail customers.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Zolve’s telecom-financial offering is tailored for expats pursuing educational or professional opportunities in the US.
Part of the commitment requires the US BNPL vendor to redomicile to the Cayman Islands.
With more than 20 years of work experience, Fowler joins Early Warning from Canada’s BMO Financial Group.
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.
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
James Yacobucci has been appointed to head of bank partnerships and Noah Martin to head of capital markets.
Hansen joins ConnexPay from PayPal, where he served as head of global sales and account management.
The integration is also set to extend to Naga’s e-payments solution, Naga Pay.
What’s the current state of play for the financial services sector and what can we expect for the remainder of 2023?
The insurtech previously raised $18 million in its Series A funding round of July 2021.
Tomlinson, who joins from Confluent, brings more than 25 years of experience to his new role.
The acquisition makes Albo “the only neobank to offer debit and credit products for both consumers and SMBs”.
Once approved, small businesses will have instant access to up to $75,000 of working capital.
In her new role, Rowe will be leading growth and operations for Stax’s software and payments portfolio.
Computop’s founders, Frank Arnoldt and Ralf Gladis, previously held 50% of the company’s shares each.
The joint venture will focus on the development of embedded finance solutions and financial services apps.
Vestwell acquires Gradifi Solutions from Morgan Stanley, following its acquisition of E*TRADE Financial.
It wanted a tech strategy that would help it support customers’ financial needs, while competing with big banks.
Croissant integrates into merchants’ shopping experiences to offer customers guaranteed buyback value at checkout.
The launch comes just days after the company secured $17 million in a Series A funding round.
Trintech hopes the deal will “act as a springboard for innovation” for its accounting automation platform.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FedNow operates in parallel with the Federal Reserve’s existing payment services, Fedwire and FedACH.
The latest investment follows Sylvera’s $32 million Series A round held in January 2022.
All three are preparing their organisations for future growth with higher member engagement.
Based in the US, Ava Kelly brings more than 25 years of payments industry experience to her new role.