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Why factoring industry needs fintechs
Fintechs are to factoring companies what bars are to high jumpers Fintechs are to factoring companies what bars are to high jumpers. Until recently, the micro segment was taken by banks and factors...
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Aion Bank acquires robo-advisor ETFmatic
Aion Bank, a full-service digital bank based in Brussels, has acquired ETFmatic, a London-based robo-advisor and Aion’s partner since last year. The deal has been approved by the UK’s Financial Conduct...
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Idman Community Bank opts for BML Istisharat’s ICBS core banking system
Idman Community Bank, a new Islamic bank in Somalia, selected the ICBS core banking system from a long-standing Lebanese banking software provider, BML Istisharat. BML says the bank was looking for “a...
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Crédit du Maroc in core banking and payments tech overhaul with Temenos
Crédit du Maroc, the Morocco-based subsidiary of Crédit Agricole, embarks on an overhaul of its core banking and payments infrastructure with a suite of Temenos’ products. New core banking tech deal...
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First Iraqi Bank selects ICS Banks core banking tech from ICSFS
First Iraqi Bank (FIB), a start-up financial institution in Iraq, has chosen the ICS banks core banking system from ICS Financial Systems (ICSFS). Iraq’s first digital bank opts for the ICSFS core...
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PayFit raises €90m to automate payroll and HR for European SMEs
France-based payroll and HR automation start-up PayFit has secured a €90 million series D funding. The previous funding round closed in 2019, with €70 million. PayFit says the money will enable it “to...
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UK fintechs B-North, DIEM, Encompass, and Lumio raise funding
More funding for UK fintechs A round-up of recent investments clinched by the UK fintech start-ups. B-North (Bank North), an aspiring Manchester-based bank for SMEs, will receive a £4.5 million...
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OCBC launches facial recognition at ATMs, region’s first
Singapore-based OCBC Bank has enabled face verification for ATM banking transactions, in Southeast Asia’s first initiative of its kind. The biometric tool will be first used for account balance...
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Railsbank comes to Australia via tie-up with challenger bank Volt
Railsbank, a UK-based Banking-as-a-Service (BaaS) platform provider, has launched in Australia via a partnership with one of the country’s challenger banks, Volt. The geographical expansion comes...
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Path Solutions gains first Ethiopian client in Bank of Abyssinia
Path Solutions, a specialist provider of banking software to Islamic banks and financial institutions, has signed Bank of Abyssinia (BoA) as its new customer. The Ethiopia-based bank, which has over...
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Hi55 Ventures, NTT DATA, Railsbank and Mastercard team up to reinvent payroll
Hi55 Ventures, a new company in the fintech and paytech space, has partnered with Mastercard to launch Hi – a mobile app with “a market-first salary access card”. Similar to a debit card, the card will...
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Digital Asset lands $120 million in Series D funding round
New York-based blockchain firm Digital Asset has announced a raise of over $120 million in its Series D funding round from 7RIDGE and Eldridge. As part of the deal, Carsten Kengeter and Veronica...
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Welcome Tech raises $35m in Series B funding round
Welcome Tech, which describes itself as “the world’s first digital platform providing immigrants and their multi-generational families with the ecosystem required to thrive in the US”, has closed a $35...
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Au Jibun Bank investment app: changing hearts and minds
With the global outbreak of the COVID-19 pandemic, governments and individuals need to take further actions to mitigate risk and minimise transmission while maintaining social and economic activities....
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ComplyAdvantage extends funding round with Goldman Sachs investment
Regtech firm ComplyAdvantage has received an undisclosed investment from the Growth Equity team in Goldman Sachs Asset Management – an extension of the start-up’s oversubscribed Series C funding round...
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Privacy.com raises $43m and rebrands as Lithic
Privacy.com is now known as Lithic. “With the rebrand, we are doubling down on the development in the card issuing space to help more developers get their business ideas off the ground”, it states. The...
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Figure Technologies raises $200 million to reach $3.2 billion valuation
US-based blockchain fintech provider Figure Technologies is closing a $200 million Series D funding round at a $3.2 billion valuation. 10T Holdings and Morgan Creek Digital are co-leading the round....
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Uncapped moves into banking with $80m funding raise
London-based lendtech Uncapped has raised $80 million in debt and equity. It says the new funding round “will enable the company to move beyond lending”. It intends to do this “by launching a suite of...
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New York wealthtech Vise raises $65m, hits $1bn valuation
New York-based investment management platform Vise has raised $65 million in a Series C funding round. The raise puts it at a valuation of over $1 billion. Led by Ribbit Capital, the round also saw...
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HeyTrade and TrueLayer team for new retail investing app in Spain
HeyTrade, a new investment app in Spain, has signed with UK-based open banking platform TrueLayer “to deliver a new investment experience to the Spanish investors using open banking payments”. Founded...
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