bankingtech.com 2021-02-24 14:30 US corporate card provider Brex applies for banking licence in Utah Brex, the US-based corporate credit card provider tailored to start-ups, has... bankingtech.com 2021-02-23 17:30 AI fintech Earnix becomes Israel’s latest unicorn with “pre-IPO” round Earnix, a fintech which allows banks and insurance firms to model prices and... bankingtech.com 2021-02-23 17:00 Russian challenger Tinkoff launches “one-stop shop” checkout product Tinkoff, Russia’s largest digital banking disruptor, has launched Tinkoff... bankingtech.com 2021-02-22 17:30 Indian challenger Open buys Optobizz, banks another 800,000 SMEs Indian digital banking challenger Open has acquired Optobizz, a goods and... bankingtech.com 2021-02-22 14:30 UK Black-owned challenger Atmen to launch in March Atmen, the first Black British-led banking start-up, is gearing up to launch its remittance service and prepaid debit card next...
bankingtech.com 2021-02-22 08:00 B2B financial software marketplaces: the bridge to market transformation Nearly a decade ago, Andreessen Horowitz declared that software is eating the world. Evolving from applications designed to solve enterprise-specific problems, the advent of open application programming interfaces...
bankingtech.com 2021-02-19 19:10 Newly licensed UK bank Cashplus is raising £50m Cashplus, a UK-based challenger which landed a full UK banking licence earlier this month, is in the swings of a £50 million funding round. The fintech’s CEO, Rich Wagner, tells Reuters the company’s board approved...
bankingtech.com 2021-02-19 18:00 Stripe valuation rises to $115bn according to investors Stripe, whose last private valuation stood at $36 billion, could be worth as much as £115 billion. Bloomberg reports in November suggested Stripe’s valuation could reach $100 billion imminently. According to Forbes,...
bankingtech.com 2021-02-19 15:30 Low-code fintech OutSystems bags $9.5bn valuation in $150m raise OutSystems, a Lisbon-founded low-code application development firm, is raising $150 million at a $9.5 billion valuation. New investors Abdiel Capital and Tiger Global have joined existing backers Goldman Sachs, KKR,...
bankingtech.com 2021-02-18 17:30 Norwegian web browser Opera launches fintech “Dify” in beta Opera, a freeware web browser founded in Norway, is launching its very own fintech called “Dify” in a bid to take on Europe’s financial industry. The software firm, founded back in 1995, has made two...
bankingtech.com 2021-02-18 17:00 Marqeta files for IPO with SEC targeting $10bn valuation Marqeta, the California-based card-issuing platform, has confidentially filed with the US Securities and Exchange Commission (SEC) for its initial public offering (IPO). Founded in 2010, Marqeta operates in the US,...
bankingtech.com 2021-02-18 15:30 Dutch unicorn Mollie expands to UK for post-Brexit opportunities Mollie, an Amsterdam-based payments service provider (PSP) which landed unicorn status last year, is expanding into the UK. The start-up’s entry into the post-Brexit market follows hot on the heels of fellow Dutch...
bankingtech.com 2021-02-18 14:30 Yolt Technology Services lands UK PSD2 licence Yolt Technology Services (YTS), an open banking arm of Dutch smart money app Yolt, has landed its very own Second Payments Services Directive (PSD2) licence in the UK. YTS has operated on ING’s licence – its 100%...
bankingtech.com 2021-02-17 18:00 UK government unveils digital identity plans based on wallet tech The UK’s government has unveiled a trust framework for its proposed digital identity system. Conservative MP and minister for digital infrastructure, Matt Warman, led the policy paper and calls it “a first stage...
bankingtech.com 2021-02-17 17:30 HSBC France sale to land this month, AnaCap goes back up against Cerberus HSBC, which has been preparing to sell its French retail banking activities unit for more than a year, has told employees it will act by 23 February, according to Les Echos. Cerberus Capital Management, a New York-based...
bankingtech.com 2021-02-17 16:30 Neobank hopeful 11Onze to offer Catalans a non-Spanish alternative Digital challenger 11Onze is gearing up to become one of Catalonia’s first non-Spanish-linked banks. With 148 founding members, the start-up intends to be a representation of the region’s 7.6 million...
bankingtech.com 2021-02-17 16:00 Aussie challenger Cape bags ex-Funding Circle CRO Rahul Pakrashi Cape, a banking challenger looking to disrupt Australia’s business credit market, has appointed Funding Circle’s former chief risk officer (CRO), Rahul Pakrashi, as its new CRO. The Sydney-founded fintech, which...
bankingtech.com 2021-02-16 17:00 UK challenger OakNorth faces £97m in defaults from ten borrowers OakNorth has borne the weight of defaults amounting to £97 million. All but two of the ten defaults since its inception in 2015 came down to property development loans gone bad. According to the Financial Times, the...
bankingtech.com 2021-02-16 14:00 Introducing “its a matter of comms” Welcome to #itsamatter of comms! My name is Gihan A.M.Hyde, and I am the CEO & founder of Communique, a corporate communication social enterprise start-up specialising in clarifying and amplifying a company’s...
bankingtech.com 2021-02-16 07:01 Fintech funding deals globally 8-14 February 2021 A compilation of funding deals across the fintech sector worldwide for the week of 8-14 February 2021. Featuring Fraction, BharatPe, Agibank, Monzo, and Coinsquare: Source: Tracxn, a platform for tracking start-ups and...
bankingtech.com 2021-02-15 17:00 Swiss start-up Valour recruits former HSBC exec Diana Biggs as CEO Valour, a digital asset wealth manager based out of Switzerland, has snapped up former HSBC global head Diana Biggs as its new CEO. The start-up allows users to buy digital assets through their bank or broker. Biggs...
bankingtech.com 2021-02-15 16:00 BNY Mellon to finance crytpo and signs Google Cloud deal Bank of New York (BNY) Mellon announced two major changes to its services and technology last week. First reported by The Wall Street Journal, the custody bank plans to finance cryptocurrencies later this year. It will...
bankingtech.com 2021-02-15 15:30 US core banking vendor Nymbus lands $53m top-up led by existing backer Nymbus, a US-based core banking vendor, has landed $53 million in a round led by its existing investor Insight Partners. Nymbus CEO and chairman, Jeffery Kendall The investor’s principal, AJ Malhotra, will join...
bankingtech.com 2021-02-12 16:30 Italian neobank illimity turns €16m loss into €31m profit in a year ilimity, the Milan-based neobank which came out of the Spaxs-Banca Interprovinciale merger, turned over a €31.1 million net profit last year. That’s an improvement on its €16.1 million net loss at the end of...
bankingtech.com 2021-02-12 16:00 Raiffeisen Bank to buy Czech Republic’s consumer lender Equa bank Raiffeisen Bank International (RBI) has agreed to wholly acquire Czech Republic’s Equa bank, which focuses on consumer lending, for an undisclosed sum. Austria’s RBI is Equa bank’s third owner since its creation...