Marqeta makes first M&A foray with $275m Power Finance deal
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
The acquisition, Marqeta’s first, will “significantly boost” the firm’s credit product capabilities.
The debt facility constitutes an extension to Finbourne’s Series A funding held in April 2021.
Quick Finans selected Provenir’s tech to enhance its customer onboarding process.
Valor CEO Eric Bernstein says the pair will help the firm build new partnerships.
Khalaf joined in June as chief product officer and will replace founder, chair and current CEO Jason Gardner.
Chatterjee joined Coinbase in 2020 on a five-year contract but is leaving due to family illness and bereavement.
A new cartoon illustrating how NFTs are quickly evolving to new use cases.
With the new capital, Inscribe plans to further develop its fraud detection capabilities.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Luno’s CEO cites the global economic downturn and the crypto winter as reasons behind the layoffs.
Our weekly fintech round-up for you to get the latest funding news from around the world.
Nav says the acquisition will boost its existing offerings for small businesses.
Rooney will be tasked with ensuring the successful launch of the firm’s new financial services app.
$5 million have been raised in equity while the rest – $95 million – have been taken on as debt.
The funding came from Viola Credit, Mitsubishi Financial Group, Collaborative Fund, and others.
The company will look to boost domestic growth, expand internationally and invest in product innovation.
Ibarra brings over 20 years of experience, most recently serving as Stripe’s head of product for Latin America.
Founded last year, the association says it represents over 80% of current BaaS sponsor banks in the US.
Seven banks are working on an e-wallet linked to consumers’ debit and credit cards, The Wall Street Journal reports.
Nova Passport collates cross-border credit bureau data to help businesses underwrite new-to-country individuals.
Orenstein joined nCino in 2015 and most recently served as chief corporate development and strategy officer.
The credit union will have access to the full suite of ATM capabilities offered by NCR’s ATMaaS solution.
Greenpenny is a start-up bank in the US focused on sustainable energy and powered by Decorah Bank & Trust.
The money will be used to fuel the company’s growth following the launch of its flagship LinkPay product.
Impacted employees have reportedly been invited to apply for other positions at the firm.
The firm is restructuring its lending business to reach “the best solution for clients and other stakeholders”.
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YieldX’s fixed income portfolio management technology will be integrated into FNZ’s wealth platform.
A new cartoon illustrating the consolidation and M&A process that the fintech market is starting in earnest.
Two fintech companies in the US – Core10 and Union Credit – have reported funding this week.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The banking tech vendor also signed licence fees of $27.5 million in the latest quarter.
The DoJ alleges Bitzlato processed more than $700m in illicit funds.
Bhole will be tasked with leading the further development of the company’s Finity360 product suite.
The SEC alleges that the Gemini Earn program “constitutes an offer and sale of securities under applicable law”.
Ordonez will assume the role of CFO once current CFO Michael Levine steps down in March.
The new business will be a subsidiary of Abacus Group but will continue to operate independently.
Company execs say the layoffs are a result of “reduced marketplace revenue” due to interest rate increases.
The service will initially launch in Germany, France and Spain, with plans to expand into other global markets.
Romanow will reportedly transition to the role of executive co-chair and remain on the company’s board.