Tagged: embedded finance

Fintech Is Increasingly being Embedded where Financial Info, Money Is Involved: Report

Plaid and The Harris Poll have released a report, titled The Fintech Effect: Fintech’s Mass Adoption Moment. The report noted that as Fintech adoption approaches “parity” with traditional banking (95% of consumers are banked), it’s also become the main way that most consumers manage their… Read More

Embedded Finance Fintech Alviere Raises $70 Million Series A/B Funding

Embedded finance firm Alviere has raised $70 million in a Series A and B funding round led by Viola Ventures and Viola Fintech. Alviere seeks to empower any business to launch a new financial services line. Alviere expects to benefit from a sector of Fintech… Read More

Fintech Sonovate Says it has Topped £2 Billion in Finance for Businesses

Sonovate says it has topped £2 billion in total funding during September 2021. Sonovate was founded in 2013 by Richard Prime and Damon Chapple and provides embedded finance and technology to businesses that employ contract and freelance workers. Sonovate states that half of this total… Read More

BaaS Fintech Swan Secures €16M via Series A led by Accel

eFounders-formed Banking-as-a-Service (BaaS) Fintech Swan has secured €16 million in funding via a Series A round that was led by Accel. Swan’s latest investment round has come about a year after the Fintech firm finalized its seed round. The company claims that it now has… Read More

UK Fintech Modulr to Bring Fast-Tracked Financial Technology to Europe with Netherlands Expansion

Fintech firm Modulr has now opened business offices in the Netherlands, which will serve as “the springboard for its EU-wide expansion in 2022 and 2023.” Following steady business growth in the United Kingdom during the last 5 years, Modulr is expanding rapidly, putting significant investment… Read More

Fintech Firm Nium Teams Up with Weavr on New Embedded Banking and Payments Service

Nium and Weavr revealed on Monday (September 20, 2021) that they’ve formed a strategic partnership that should make Nium’s BaaS (Banking-as-a-Service) API suite accessible to Weavr’s clients. The BaaS solutions from Nium should allow them develop, deploy and run embedded banking services. Weavr aims to… Read More

iwoca Joins mmob to Allow Banks to Embed and Offer Alternative Lending Options

mmob has announced the inclusion of iwoca into its network of digital lending providers. According to a company release, the partnership will enable banks and other financial institutions to embed small business loan provisions into their digital ecosystems. Since 2012, iwoca has provided access to… Read More

Kernolab Raises $1 Million Pre-Seed Round Led by Lighthouse Ventures

Kernolab, a firm that seeks to provide embedded finance services as a turnkey solution, has raised $1 million in Pre-Seed Round funding led by Lighthouse Ventures. Startup Wise Guys also joined in the early funding. Kernolab wants to become the bridge between Fintech and non-finance… Read More

Embedded Finance Fintech Railsbank Hires Wise MD Stuart Gregory as Chief Product Officer

Embedded finance platform Railsbank has reportedly hired Stuart Gregory to serve as the company’s Chief Product Officer. Stuart had joined Wise and was MD of Wise Business and Wise Platform. During the past few years, he has helped with developing, deploying and strategically expanding business… Read More

DriveWealth Holdings Celebrates $450 Million Series D

DriveWealth Holdings, a provider of fractional trading and embedded finance, this week announced a $450 million Series D with a valuation of $2.85 billion, co-led by New York-based global private equity and venture capital investors Insight Partners and Accel, with significant participation by Greyhound Capital,… Read More

European Fintech iwoca Says Embedded Finance Is Vital to SME Recovery Post COVID

New data from European Fintech iwoca, one of the largest small business lenders, reveals how embedded finance will play a key role for SMEs as they try to recover from the COVID-19 pandemic. Timely insights “bring to life” the wide-ranging benefits of embedded finance, according… Read More

London based Element Ventures, a B2B Fintech VC Firm, Establishes $130M Fund

London’s Element Ventures, a B2B Fintech-focused VC company, has established a $130 million fund with support from prominent investors. Launched by experienced financial services professionals Stephen Gibson and Michael McFadgen, and joined by Spencer Lake, who is HSBC’s ex- Vice Chairperson of Global Banking and… Read More

Cross-Border Payments Fintech Currencycloud Shares Insights on How Embedded Finance Is Streamlining Financial Services

As embedded finance continues to transform the financial services sector, Currencycloud questions how banks will shape that future. The cross-border payments Fintech notes that this is the question “on the minds of industry insiders — and with the rise of embedded finance, it’s never been… 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

UK’s Funding Xchange, which Offers Proprietary Lending Tech, Establishes FXE Technologies Unit

After selling its proprietary lending technology to banking institutions, Funding Xchange has decided to launch an FXE Technology unit. The FXE Technology division for lenders will offer affordability and eligibility assessments, along with portfolio monitoring services after loans have been issued. Funding Xchange Co-founder and… Read More

New Modular SaaS Platform for Financial Services Sector Launched by Ezbob, a Customer Acquisition Tech Provider

Ezbob Ltd., a customer acquisition technology provider for financial services, has launched a new modular software-as-a-service or SaaS platform that addresses key trends in the financial services industry. The firm’s Ezbob Express aims to focus on providing financial services companies with the flexibility of filling… Read More

Salesforce CRM to Help Revolut Business Clients with Rethinking, Reshaping Management of Customer Interactions

The team at digital bank Revolut notes that being able to work effectively in a digital environment is very important for small businesses. After a year that challenged many SMEs globally to adapt and become more flexible due to the COVID outbreak, everything from customer… 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

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

Fintech Lender iwoca Announces that its iwocaPay Is Xero’s First Invoice Checkout Integration with Pay Later Option for SMBs

iwoca, an established European small business lender, has announced its UK-first integration with leading SME platform Xero. Integrating iwocaPay – iwoca’s invoice checkout – into Xero’s platform, will “for the first time provide small businesses with a Pay Later option for their business customers,” according… Read More

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