Tagged: banking as a service

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

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

Railsbank Expands into Australia in Partnership with Digital Bank Volt

Railsbank, a Banking as a Service (BaaS) platform, has expanded into Australia in partnership with digital bank Volt. Founded in 2016, Railsbank is based in the UK and offers APIs and apps for financial services firms to offer modern services. Volt is the first digital… Read More

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

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