Tagged: banking as a service

Alchemy Founder Timothy Li: “I should be able to grant credit to someone in Uruguay without blinking an eye”

Digital transformation in financial services continues to occur at a break-neck pace. Initially, it was online capital formation, debt and equity, that encouraged entrepreneurs to challenge establishment finance. Today, Fintech is taking over all aspects of financial services. As incumbents struggle to keep pace and… Read More

Treasury Prime Joins Forces With Marqeta to Bring Modern Card Issuing to Banking-as-a-Service Platform

  Treasury Prime, a U.S.-based API banking platform, announced on Thursday it has teamed up with Marqeta, a fintech unicorn that claims to be the first global modern card issuing platform, to bring Marqeta’s modern card issuing capabilities to the Treasury Prime API. Treasury Prime reported… Read More

Green Dot Appoints Amit Parikh As Executive Vice President of Banking as a Service Division

Green Dot Corp. (NYSE: GDOT), a fintech and registered bank holding company, announced on Monday it has appointed Amit Parikh as new Executive Vice President of its Banking as a Service division. According to Green Dot, Parikh will lead the organization responsible for delivering end-to-end… Read More

Trade Ledger Raises £13.5 Million

Lending-as-a-service (LaaS) platform Trade Ledger has raised £13.5 million in a Series A funding round led by Point72 Ventures – a VC firm founded by billionaire Steven Cohen. Alex Tarhini, Operating Partner at Point72 Ventures will be joining the board of the firm. Trade Ledger… Read More

UAE’s BaaS Fintech NymCard Secures $7.6M in Capital via Series A to Accelerate its Expansion Efforts

Abu Dhabi based NymCard, a card issuing and processing platform, has secured $7.6 million in  capital through a Series A funding round. The banking-as-a-service (BaaS) provider confirmed that the investment round was led by Shorooq Partners along with the contributions from OTF Jasoor Ventures and… Read More

Fintech Unicorn Mambu, a Banking as a Service Firm, Raises Solid €110 million Funding Round

Mambu, a Fintech that offers a Banking as a Service platform, has raised a significant €110 million ($134 million) funding round led by TCV a venture firm that has invested more than $2.5 billion in Fintech. John Doran, TCV General Partner, will join the Mambu… Read More

The Top Ten Fintech Predictions for 2021

Fintech enthusiasts welcome back to my 5th annual “Top Ten” Fintech prediction series. This year I’ve met a lot of powerful movers and shakers in the Fintech space. My take away from these meetings and interactions is how little do I know about this ever-expanding… Read More

Fintech as a Service Providers in Mexico Likely to Face Serious Challenges due to New Regulations, Analysts Claim

A new regulatory policy has reportedly been introduced by Mexico’s financial industry regulator CNBV and it’s being referred to as “a death sentence” for firms that are providing Fintech-as-a-Service (FaaS) businesses, according to analysts. Carlos David Valderrama Narvaéz and Diego Montes Serralde from Legal Paradox,… Read More

Amsterdam based Backbase, a Fintech Software Provider, Chosen by UNOBank to Offer Engagement Banking Platform

Amsterdam-based Backbase, a Fintech software provider that “empowers” financial institutions to accelerate their digital transformation strategies in order to compete in a digital-first world, has been chosen by DigiBankASIA to provide its “full-stack” online engagement banking platform solution for its virtual bank UNO. Backbase will… Read More

Andreessen Horowitz Leads $27 Million Investment into Fintech Moov

Moov, a Fintech that supports banks and credit unions, Fintechs and more to quickly deploy financial service solutions to receive funds, store value, and remit payments, has raised $27 million in a Series A led by Andreessen Horowitz. Other investors include Gokul Rajaram as well… Read More

Digital Banking: Luvleen Sidhu, CEO at BankMobile, Claims Online Banks Might be Even Safer than Physical Branches

Luvleen Sidhu, Co-Founder and CEO at BankMobile, an established US-based digital banking platform, reveals that she was only 28-years-old when she had launched BankMobile Technologies, which will be acquired by Megalith Financial Acquisition Corporation (NYSE:MFAC) (as reported in August 2020). In only six years, the… Read More

UK Banking as a Service Provider Griffin Secures £6.5 Million Through Latest Investment Round Led By EQT Ventures

Griffin, a UK-based banking as a service (BaaS) provider, announced on Monday it secured £6.5 million through its latest investment round led by EQT Ventures with participation  Seedcamp, Tribe Capital, Paul Forster (co-founder Indeed.com), Matt Robinson (co-founder Go-Cardless/Nested), and Carlos Gonzalez-Cadenas (Partner at Index Ventures, former… Read More

Brazil-Based Card Issuing & Banking-As-A-Service Software Platform Conductor Raises $150 Million Through Latest Investment Round Led By Viking Global Investors

Conductor, a Brazil-based card issuing and banking-as-a-service software platform, announced on Monday it secured $150 million through its latest investment, which is led by Viking Global Investors, with additional participation from investors, including Advent International’s affiliate, Sunley House Capital. Conductor describes itself as a technology… Read More

API-Led Banking-as-a-Service Provider OpenPayd Launches FX-as-a-Service Product “InstantFX”

OpenPayd, a UK-based API-led banking-as-a-Service provider, announced on Tuesday the launch of its new FX-as-a-Service product, InstantFX. According to OpenPayd, InstantFX provides clients with real-time trading. “Our unique platform provides the FX experience of the future, delivered via a world-class API built by developers, for… Read More

India’s Tata Consultancy Services Partners Australian Neobank Volt to Power New Banking as a Service Platform

Tata Consultancy Services (TCS), an Indian multinational IT services and consulting firm based in Mumbai, has reportedly partnered with Australian neobank Volt. Both companies will work together to power Volt 2.0, which is the digital bank’s new Banking as a Service (BaaS) platform. Volt 2.0… Read More

Currencycloud and Tribe Payments Collaborate on Banking as a Service Product

Currencycloud and Tribe Payments are partnering on a new “Banking-as-a-Service” solution for Fintechs and digital banks, according to a note from the company. Currencycloud is a global, multi-currency account provider where customers are able to collect, convert, pay, and manage multiple currencies, anywhere in the… Read More

New York Stock Exchange listed Firm MFAC to Acquire Neobank BankMobile, a Subsidiary of Customers Bank

Customers Bank, which offers personal and business banking solutions, including checking, money markets, savings, mortgages, loans, and cash management, has reportedly agreed to sell its BankMobile Technologies division to Megalith Financial Acquisition Corporation (NYSE:MFAC). BankMobile Technologies is an established US-based digital banking platform. Meanwhile, MFAC… Read More

Fintech Sector can Expect Apps with Better Customer Experience, Improved UI and UX for Online Payments, Wolfpack Digital Predicts

Wolfpack Digital from Transylvania notes that we’re halfway through 2020 and the economic impact of the COVID-19 outbreak has been felt and observed across different businesses and industries. The pandemic has also led to significant changes in consumer behavior, as more people are using digital… Read More

German Banking Platform solarisBank Secures €60 Million Through Series C Funding Round Led By HV Holtzbrinck Ventures

Germany-based banking as a service platform solarisBank announced on Tuesday it secured €60 million through series C investment round, which was led by HV Holtzbrinck Ventures with participation from Vulcan Capital, Samsung Catalyst Fund and Storm Ventures.  Founded in 2016, solarisBank claims to be the… Read More

API-first Banking as a Service Provider OpenPayd Enables SEPA Digital Payment Scheme for Fintech Service Providers

OpenPayd, an established API-based banking-as-a-service (BaaS) provider, has upgraded its payments functionality and capabilities by enabling direct access to the SEPA (Single Euro Payments Area) payment scheme. The integration will allow OpenPayd’s business clients, which mainly includes online or digital marketplaces, merchant acquirers and other… Read More

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