Alisa Bank snaps up invoice financing fintech Puro Finance to bolster SME services
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
Puro Finance is expected to operate as a subsidiary of the bank upon closure of the deal in May.
Spendesk claims it is the first solution in Europe to combine both spend management and procurement.
The partnership will be focused on “bringing together digital payments and loyalty for M&S customers”.
Openbank is currently live in Spain, Germany, the Netherlands, Portugal and Argentina.
The acquisition is expected to close by the third quarter of 2024.
The UK-based challenger will make its Mexican debut with money transfer services.
Sanz will succeed Enrique Sacau, who has served in the position since 2020.
The CLI platform has gained a new CFO, COO, CRO and VP of product in two months.
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
The testing will begin on 13 May this year, with the aim to explore several potential use cases.
The bank says its latest offering will be launched fully “in the coming weeks”.
The deal is expected to be finalised within the next 12 months.
TerraPay says it will leverage the licence to “strengthen existing and new partnerships” in the APAC region.
Linedata says the purchase will extend its reach to the “critical sectors” of asset management, insurance and credit.
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
The joint venture will offer payment acceptance and payment acquisition solutions for merchants in France.
CAB Payments Europe has been granted a PSP licence from De Nederlandsche Bank (DNB).
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The London-based fintech says it is now gearing up for an EU-wide launch “later this year”.
Project Agorá will see seven central banks work in partnership with several private sector participants.
Responses to the consultation are being accepted until 29 May, ahead of applications for the DSS opening this summer.
The Swedish start-up says the financing will “immediately” be made available to fintech lenders through its platform.
The arrangement will see the bank leverage the Zurich-based start-up’s SaaS solution Amiko.
The OHB offers government-subsidised housing loans to low and middle income groups.
The bank has tapped its partner’s IDEX Pay solution to install fingerprint sensors into its physical card offering.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Santos will replace current group CEO Marika Lulay, who is due to leave the company at the end of the year.
Vilja is entering the UK market via a partnership with local mortgage origination platform, Mast.
The companies have until now operated as three separate divisions led by CEO Jerry Young, who is set to retire.
Acworth’s appointment follows Encompass’ recent acquisitions of CoorpID and Blacksmith KYC.
Schmidt will be responsible for leading Tide’s recently announced expansion into the German market.
Due to impact 12% of its total workforce, the proposed job cuts will take effect from 7 May.
Founded in 2020, Novus is the UK’s first B-Corp certified digital bank.
Danske Bank will migrate selected legacy applications, data, and infrastructure to the AWS cloud.
Kennedy has previously held leadership positions at Lloyds, Barclays, Shawbrook Bank and Masthaven Bank.
Fintel has a two-year option to purchase the remaining 30% stake in ifaDASH for an agreed multiple of EBITDA.
GSS says the new funding coincides with its “transition from the development phase to the operational phase”.
The Cologne-based fintech start-up plans to use the funding to expand into new European markets.
Over £1bn of investment has been facilitated to businesses since the launch of the first NPIF in 2017.
Baader Bank already uses Broadridge’s solutions for trading and market connectivity, and order management.