Tagged: financial services

GreenGrowth, an Investments App for a Sustainable World, Acquires £258,568 via Seedrs

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GreenGrowth, an investments app empowering consumers to invest for a more “sustainable world,” has acquired 77% (£258,568) of its £335,001 target via Seedrs (at the time of writing) from 72 investors with 23 days left in the firm’s crowdfunding campaign. Located in London, United Kingdom,… Read More

Jack Henry and Array to Improve Consumers’ Financial Health

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Jack Henry & Associates, Inc. (NASDAQ: JKHY) recently announced that Array’s credit management services, identity protection tools, and offers engine will be integrated into the Banno Digital PlatformTM, “offering consumers personalized credit and financial insights through their trusted financial institutions.” Array has leveraged the Banno… Read More

Fintech Firm Xendit Secures $300M via Series D Co-Led by Coatue and Insight Partners

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Xendit, one of the “fastest-growing” payments infrastructure platforms for Southeast Asia, announced that it closed $300 million in Series D funding, “taking the total amount raised to $538 million to power the world’s fastest-growing digital economy.” Coatue and Insight Partners co-led the investment round “with… Read More

The Credit Thing Now Live with Fintech TrueLayer’s Open Banking Recurring Payments

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TrueLayer, which claims to be one of Europe’s “leading” open banking platforms, recently announced that The Credit Thing has successfully “implemented its recurring payments API and made the first consumer Variable Recurring Payments (VRP) transactions in the UK.” The Competition and Markets Authority has mandated… Read More

Brazil’s C6 Bank Now Includes Full Futures Contracts via its Investment Platform

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C6 Bank has announced that it recently added new equity investment options to its C6 Invest platform. From now on, clients who were already able to trade mini dollar and index (Ibovespa) contracts since August last year “can also trade full futures contracts on the… Read More

European Fintech Nexi and Piteco to Allow SMEs to Access Digital Payment Solution

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Nexi, the Paytech in Europe, and Piteco, an Italian software house offering corporate treasury management and financial planning solutions, entered a partnership enabling large corporations and SMEs to access a digital payment solution. The service provides firms with an additional line of credit, along with… Read More

Deutsche Bank and FinLync to Offer Instant Access to Real-Time Treasury for Corporates

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Deutsche Bank (ETR: DBK) recently announced its partnership with FinLync, a global fintech company offering products that are “transforming corporate finance and treasury offices.” FinLync’s pre-built API integrations and SAP-embedded treasury applications will “enable corporate treasury and finance teams to connect to Deutsche Bank’s API… Read More

Fintech YAP Obtains In-Principle Approval from State Bank of Pakistan for E-Money Institute License

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YAP, a Fintech streamlining the virtual banking experience in the MENA and South Asia region, has announced that it has been granted an In-Principle Approval (IPA) from the State Bank of Pakistan for an Electronic Money Institute (EMI) License. The approval provides “a tremendous opportunity… Read More

Credit Assessment Platform Uplinq and Ranqx to Accelerate Digital Lending to SMBs

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Uplinq, the global credit assessment platform for small and medium sized business lenders, strengthens its global reach with Ranqx, a digital SMB loan origination, decisioning and monitoring platform “for lenders and banks.” With the help of Uplinq’s advanced technology, New Zealand based Ranqx will be… Read More

Digital Banking: UK’s Atom Bank Hires Andy Sturrock to Serve as Chief Technologist

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UK’s Atom Bank has reportedly appointed Andy Sturrock as the banking platform’s new Chief Technologist. Andy joins Atom from BP plc, where he ran the firm’s Digital Consumer Channels and Offers teams, including the BPMe app and loyalty schemes. During his time working at BP,… Read More

BaaS Fintech Unit Announces $100M Series C Led by Insight Partners, Valuing Business at $1.2B

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Unit, the banking-as-a-service platform that empowers companies to embed financial services in their products, announced it has raised a $100 million in a Series C round “led by global software investor Insight Partners, with participation from existing investors including Accel, Better Tomorrow Ventures, and Flourish… Read More

Swiss Private Bank Chooses Temenos to Digitally Transform Wealth Management Services

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Temenos (SIX: TEMN), the Cloud banking platform, recently announced that Mirabaud, the Swiss private bank, has selected Temenos “to move from a traditional on-premise system to a digital end-to-end wealth management platform on Temenos Banking Cloud.” With the generational transfer of wealth, new regulations and… Read More

Berlin’s Fraugster Launches Alternative Credit Decisions Solution to Support BNPLs, Enterprise Merchants

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Fraugster, an AI payment intelligence company, has announced the launch of their latest product, Alternative Credit Decisions, which allows Buy Now Pay Later (BNPL) and Enterprise merchants “to approve more customers without increasing credit risk.” There is a pressing need for a new approach because… Read More

UK Fintech Modulr Finalizes $108M Series C Led by General Atlantic

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Modulr, an embedded payments platform for digital businesses, recently announced that it has raised $108m (£83m) in Series C funding that was led by General Atlantic, a global growth equity firm. The investment round also “included significant participation from existing investors including Blenheim Chalcot, Frog… Read More

Neon, Brazil’s Newest Unicorn, Drives Innovation to Address Financial Inequalities

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Neon, a Fintech firm and digital bank focused on “improving the lives of working Brazilians,” has announced an overview of the company’s growth and momentum that “led up to its recent US$300M Series D round, resulting in a valuation of US$1.6B and its achievement of… Read More

Open Banking Fintech Volt Introduces Transformer to Help Merchants Bypass High Interchange Fees

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Open Banking Fintech Volt has introduced a product aimed at helping merchants save on excessive debit card (interchange) fees by encouraging shoppers “to seamlessly switch to an open banking payment AFTER choosing to pay with a debit card at the checkout.” After recognizing the banking… Read More

Paxos and State Street to Deliver Reduced Costs, T+0 Settlement in New Pilot

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Paxos, the regulated blockchain infrastructure platform, has teamed up with State Street (NYSE: STT). one of the “leading” providers of financial services to institutional investors, “to integrate State Street’s custodial services into the Paxos Settlement Service.” As part of the pilot, State Street was able “to… Read More

Fintech Greenlight Announces Credit Card for Parents, 3% Cash Back to Auto-Invest

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Greenlight Financial Technology, Inc., the Fintech firm on a mission to help parents raise financially-smart kids, recently announced the Greenlight Family Cash Mastercard, a credit card designed “to help parents save for their kids’ college and family’s future.” The Family Cash Card is the “first… Read More

Very Good Security Teams Up with Plaid to Improve Data Security for the Digital Finance Sector

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Very Good Security (VGS), a firm focused on protecting sensitive data, enabling innovation while ensuring security and privacy, announced an extended partnership with Plaid, a data network that powers the tools “millions of people” rely on to “live healthier financial lives.” VGS will be “a… Read More

Foley Represents Brazilian Fintech Nomad in $32M Round

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Foley & Lardner LLP recently represented Nomad, a Latin American Fintech firm that enables Brazilian consumers to maintain bank accounts in the United States, in its $32 million (R$160 million) financing. The Fintech company’s investment round was led by Stripe, followed by monashees, Spark Capital,… Read More

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