ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Taylor joins the fintech from Cloudflare, where she served as CPO for the past seven years.
Nepal Clearing House expects to launch its NPS service in Q4 2024.
The new facility consists of a $255 million term loan and a $25 million revolver.
The fintech has been licenced to operate in Europe since 2022.
The bank also plans to renovate more than 1,700 existing locations across the US.
The credit union has signed for the vendor’s online account opening and online loan application product suite.
Reuters reports that the deal could potentially value Onfido at around $650 million.
The OCC says the fine relates to “systemic deficiencies” in the bank’s risk management and internal controls.
ID Finance claims the financing marks its “largest ever financing round” to date.
The bank disabled and removed the Vast Crypto Mobile Banking app from app stores on 31 January.
The software will support the origination of mortgages for high-net-worth borrowers.
The value of the Venue acquisition has not been disclosed.
Calhoun joins the fintech from Onsights.io, where he held the role of CTO for just under two years.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The holding companies currently control Bank of Southern California and California Bank of Commerce.
The acquisition, which will combine both parties’ rewards platforms, is expected to close later this year.
The cuts are to be actioned with immediate effect, according to a staff memo from Dorsey.
The funding will enable Kore.ai to scale its workforce and further develop its product offering.
PayPal president and CEO Alex Chriss says the cuts aim to “reduce complexity and duplication”.
The deal will enable YouLend to provide additional revenue-based financing to SMEs.
The LA-based fintech says it will use the facility to attract and retain more customers.
TBOM will tap i2c to enable its fintech clients to build “unique configurations of digital-first financial services”.
The bank will utilise the vendor’s core agnostic enterprise dashboard and analytics platform, KlariVis Advantage.
Driscoll has also previously held senior positions at Goldman Sachs and Credit Suisse.
Bilt Rewards was previously valued at $1.5 billion following a $150 million funding round back in 2022.
NSF fees on debit card and ATM transactions will be “unlawful” under the proposed rule.
BillingPlatform previously raised $10 million in a Series B round back in 2019.
The largest credit union in the US will leverage four different Oracle solutions to boost automation and efficiency.
The fintech last raised $4.5 million through a seed round in February 2023.
The cuts are part of an organisational restructure, with founder Pedro Franceschi saying the firm grew too quickly.
The Tampa-headquartered credit union claims to operate 70,000 surcharge-free ATMs across the US.
Informatica says the solution provides an “enterprise-wide, 360-degree view of customers”.
Californian venture capital firms Revolution Ventures and Moneta Ventures led the round.
Synchrony says the acquisition will also include $2.2 billion in loan receivables.
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
The bank will utilise Oracle’s core banking, payments, trade finance, treasury and corporate lending applications.
The Boston-based engagement platform says it is looking to double its staff headcount by the end of the year.
The $75 million equity funding valued the NYC-headquartered fintech at $1.75 billion.
Habis previously served as chief consumer banking and digital transformation officer at Santander.