Tagged: baas

Ethical Financial Services Provider MoneeMint to Launch MoneeMint Labs for UK, European Clients

MoneeMint, an “ethical” financial services provider has announced the launch of MoneeMint Labs for customers in the UK and Europe. Recently, MoneeMint had acquired funding from private equity firm Ground One Ventures for the “purpose of acquiring a robust and dynamic core banking system to… Read More

Australia’s Neobank Volt Partners Crypto Exchange BTC Markets to Streamline Digital Asset Investments

Australia’s neobank Volt has teamed up with virtual currency exchange BTC Markets (BTCM) in order to offer BTCM and its clients with improved speed, stability, and confidence when investing in crypto-assets, facilitated by Volt’s banking-as-a-service (BaaS) platform. The partnership will offer integrated banking capabilities to… Read More

Banking Tech Solution Provider NYMBUS Secures $3 million via Round led by OFG Ventures, an OFG Bancorp Subsidiary

Nymbus, an established provider of banking tech services, has secured $3 million in capital through a round that was led by OFG Ventures, LLC, which operates as a subsidiary of the OFG Bancorp (NYSE: OFG). As noted by its management: “A revolutionary alternative to the… Read More

European BaaS Platform Solarisbank AG Secures €190M via Oversubscribed Series D, Firm Now Valued at €1.4B

Solarisbank AG, which claims to be Europe’s leading Banking-as-a-Service (BaaS) platform, reveals that it has acquired EUR 190 million in an “oversubscribed” Series D round, valuing the firm at EUR 1.4 billion. The company’s investment round has been led by Decisive Capital Management, along with… Read More

UK’s Embedded Finance Fintech Railsbank Now a Visa Ready Banking Identification Number Sponsor

Railsbank, an established global embedded finance solution provider, and Visa (NYSE: V) are joining forces to promote local Fintech services, with Railsbank becoming a Visa Ready Banking Identification Number (BIN) sponsor. This, according to an update shared by Finextra. Through the BIN sponsor program, all… Read More

Philippines based BaaS Fintech Netbank Partners Alternative Lenders so their Platforms Can Expand Operations

Philippines-based Netbank has now partnered with several alternative lenders so that the lending platforms can expand their operations without having to acquire additional funding. Netbank, the first Southeast Asia-based banking as a service (BaaS) platform operating via a bank license, is reportedly working closely with… Read More

UK’s BaaS Fintech Railsbank Secures $70M from Anthos Capital, Central Capital, Others

UK banking-as-a-service (BaaS) provider Railsbank has secured $70 million in capital in order to promote its brand and products globally. Railsbank‘s latest investment round has been led by Anthos Capital and received contributions from Central Capital (VC division of Indonesia’s largest privately-held banking institution), Cohen… Read More

France: Online Lender Younited Raises $170 million, Goldman Sachs Joins Funding

  Younited, a France-based Fintech that provides both online lending as well as payments and BaaS, has raised $170 million in equity capital in a move that is expected to accelerate product innovation and expansion of its solutions including the launch of Younited Pay, a… Read More

Global Banks Taking Proactive Tech Approach in 2021: Finastra

Global bank investment strategies are becoming more proactive, data from a Finastra survey suggest. Finastra surveyed 785 professionals from institutions in the US, UK, Singapore, France, Germany, Hong Kong, and the UAE for Financial Services: State of the Nation Survey 2021. In 2021 banks’ top… Read More

Leading Fintech Cross River Bank Acquires PeerIQ

Cross River Bank has acquired PeerIQ, the leading data and analytics provider for the online lending industry. According to a release, Synthetic P2P Holdings Corporation (dba PeerIQ) was acquired during Q1 of 2021 for an undisclosed amount. Cross River Bank has emerged as the top… Read More

BaaS Fintech Unit Acquires $51M in Capital via Series B from Accel, Better Tomorrow Ventures, Others

After acquiring $51 million in capital through a Series B round led by Accel, Banking-as-a-Service (BaaS) provider Unit has introduced a product that will allow firms to offer live bank accounts and issue payment cards within minutes. Better Tomorrow Ventures, Aleph, Flourish Ventures, and TLV… Read More

UK-based BaaS Fintech 10x Future Technologies Finalizes Oversubscribed $187M Round led by BlackRock, Others

London-based 10x Future Technologies, a Cloud banking solution provider, has finalized an oversubscribed $187 million Series C round. The company states: “10x Future Technologies is … focused on transforming banking to be 10x better for customers, banks and society. The group has developed its own… Read More

BaaS Fintech Netbank Launches in Philippines, Platform Is Fully Regulated with Rural Banking License

Earlier this week, Philippines-based Netbank, a banking as a service (BaaS) platform, went live in the Southeast Asian country. Netbank has reportedly been developed by an experienced team of international and local banking professionals. Like the country’s digital bank Tonik, Netbank is a fully regulated banking… Read More

BaaS Fintech Bankable, Digital Bank Aion Bank, and Vodeno Announce Partnership for UK and Europe

Bankable, the global developer of Banking as a Service (BaaS) solutions, Aion Bank, a full service, European licensed digital bank and credit institution regulated in Belgium, and Vodeno, a Cloud-based “360” platform for digital financial services, have unveiled as 10-year strategic, multi-layered partnership for European… Read More

London based BaaS Platform Railsbank Hires Ben Smith as GM for Australia, as Part of APAC Expansion

Railsbank, an established embedded finance platform, has reportedly hired Ben Smith as General Manager for Australia as the banking-as-a-service (BaaS) platform expands operations across the Asia Pacific (APAC) region. Smith has earned a degree in Chemistry from The University of Manchester before he moved to… Read More

U.S.-Based Banking as a Service Company Treasury Prime Secures $20 Million Through Series B Insider Funding Round Co-Led By Deciens Capital & QED Investors

  Treasury Prime, a U.S.-based API banking platform, announced on Wednesday it secured $20 million through its Series B insider funding round, which was co-led by Deciens Capital and QED Investors, with participation from SaaStr Fund, and Susa Ventures. As previously reported, Treasury Prime states it builds APIs… Read More

BaaS Platform HUBUC Announces Partnership With UK Regtech ComplyAdvantage

  HUBUC announced on Wednesday it has formed a partnership with regtech ComplyAdvantage to integrate compliance and security screening technology to its banking-as-a-service (BaaS) platform. HUBUC describes itself as an embedded financial service provider that allows businesses to integrate multiple payment capabilities from a single… Read More

Fintech as a Service Tech Provider Yimba and BaaS Platform Railsbank to Offer Solutions for Improving Digital Wallet Experience

Yimba, a FAST (Fintech As a Service Technology) company, and Railsbank, the global Banking-as-a-Service (BaaS) platform, are teaming up to offer clients with products and services that will improve their digital wallet experience with “the likes of Apple Pay, Samsung Pay, and Google Pay.” As… Read More

London based Currencycloud Reveals how Clients Transition from BaaS to Embedded Finance Providers

London-based Currencycloud, a provider of B2B embedded cross-border solutions, published a blog post earlier this month that explained how embedded finance works and integrates with the financial system. The Co-founders of HUBUC (CEO Hasan Nawaz and COO Ignacio Javierre), which reportedly uses Currencycloud APIs, provided… Read More

Railsbank Reunites Currencycloud Team to Boost Banking-as-a-Service Platform

Railsbank, a Banking-as-a-Service (BaaS) platform, has reunited the Currencycloud team to boost the growth of their services. In a release, Railsbank said it has appointed John Hammond, previously CCO at Currencycloud as its new CCO to drive the platform’s international expansion. Hammond will join his… Read More

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