PYMNTS

OCTOBER 21, 2020

In today’s top news in digital-first banking, Interra signed a multi-year deal with Lumin, while Australia’s Westpac Group is teaming with buy now, pay later (BNPL) company Afterpay on banking services. Lumin, Interra Credit Union Team on CU's Digital Banking Solution.

Groups 148

Groups Digital Banking Capital Report 148

PYMNTS

JANUARY 3, 2020

In late June, the Monetary Authority of Singapore (MAS) sent a ripple through the global financial services ecosystem with the announcement of its intention to issue five digital bank licenses to eligible applicants. Oversea-Chinese Banking Corp. and United Overseas Bank Ltd. billion ($1.1 Grab + Singtel .

Digital Banking 130

Digital Banking Groups Regional Mobile 130

PYMNTS

JANUARY 26, 2020

British banking unicorn Monzo is in talks with Japanese investment conglomerate SoftBank for financial assistance in its growth plans into the U.S. The digital bank is looking to raise around £100 million (nearly $ 130.6 The London-headquartered bank raised £113 million in June from the U.S. million USD) in new funding.

Los Angeles 193

Los Angeles Capital Digital Banking Fintech 193

BankInovation

JULY 8, 2022

YAP, a United Arab Emirates-based digital bank, has raised $41 million in funding, the company announced Monday. The bank plans to complete its series A by yearend. Investors include Saudi Arabia-based Aljazira Capital, Abu Dawood Group, Astra Group and Audacia Capital.

Digital Banking 52

Digital Banking Fintech Capital Groups 52

PYMNTS

DECEMBER 1, 2020

Germany-based Aareal Bank Group is rolling out its Aareal Exchange & Payment Platform (AEPP) offering. Bank has launched its new AP Optimizer — an online tool that aims to streamline invoice handling and payments for companies. 1) announcement.

Groups 150

Groups Payments Resources Management 150

PYMNTS

NOVEMBER 19, 2019

Ant Financial Services Group might apply for a virtual banking license in Singapore. “We The Monetary Authority of Singapore is offering as many as five digital banking permits to non-banks to boost competition. billion) in capital and local control. billion ($1.1

Digital Banking 101

Digital Banking Capital Taxes Groups 101

CB Insights

AUGUST 17, 2021

Chime , a digital banking platform, has raised $750M in a Series G. The round drew participation from Sequoia Capital, Tiger Global Management, General Atlantic, SoftBank Group, and Dragoneer Investment Group. HOW’S THE COMPANY PERFORMING? The company is adding hundreds of thousands of accounts per month.

Capital 78

Capital Operations California Regional 78

PYMNTS

MAY 28, 2019

According to a report on Tuesday (May 28), a France-based “digital banking startup aimed at teenagers” called Pixpay has raised nearly $3.5. million in fresh capital. Other groups of consumers tend to get more attention these days than do teenagers — just look at all the anticipation around Generation Z.

Digital Banking 139

Digital Banking Google Mobile Groups 139

PYMNTS

JANUARY 13, 2021

The Office of the Comptroller of the Currency (OCC) granted digital asset platform Anchorage Trust Company a digital banking license, according to a press release Wednesday (Jan. With the national trust bank charter, South Dakota-based Anchorage will become Anchorage Digital Bank , National Association.

South Dakota 131

South Dakota Digital Banking Bitcoin cryptocurrency 131

PYMNTS

JULY 28, 2019

Small and medium enterprises are really the boiler room of the economy,” said Keith Pogson, a senior partner in charge of banking and capital markets at Ernst & Young LLP in Hong Kong, according to Bloomberg. “It It used to be a segment that banks thought was too difficult and too risky.

Digital Banking 198

Digital Banking Lending Risk Management Mobile 198

PYMNTS

JANUARY 19, 2021

The collaboration is part of Eedenbull’s efforts to expand globally after having secured 65 banking partnerships across Europe, according to a report. Italy’s BNL , part of BNP Paribas Group , has debuted its multi-banking solution developed in conjunction with open banking FinTech Tink , according to a press release.

Fintech 341

Fintech National Groups Tools 341

Independent Banker

AUGUST 31, 2022

So how do social payments fit in community banks’ long-term future? Social payments have taken today’s digital environment by storm. A recent Mercator Advisory Group survey found that 69% of respondents have used PayPal in the past year, and a full 10% reported using Facebook Pay. billion-asset Chesapeake Bank in Kilmarnock, Va.,

Capital 94

Capital Payments social media Community Bank 94

PYMNTS

MARCH 31, 2020

Tokyo, Japan’s digital banking startup Kyash has closed a $45 million Series C funding deal co-led by Greenspring Associates and Goodwater Capital, Kyash said in a statement on Sunday (March 30). Goodwater Capital also invested in Kyash’s Series B Round. growth equity investment firm Greyhound Capital; U.S.

Fintech 201

Fintech Capital Groups ATM 201

PYMNTS

MAY 10, 2018

Capital is the lifeblood of economies, and of the companies (and yes, of course, individuals) that collectively make things and provide services … and in the age of FinTech, the capital comes digitally and across innovative channels. Within the FinTech space, there may be a resurgence of sorts for one firm.

Capital 122

Capital Fintech Kansas United States 122

PYMNTS

JULY 30, 2019

The $4 million in funding was led by Experian Ventures, Dig Ventures and Cherry Tree Investments, along with participation from new and existing investors including Social Leverage, Wavemaker Partners and Mucker Capital, Stackin’ said in a press release. UPROXX Media was acquired by Warner Music Group, the press release said.

Digital Banking 116

Digital Banking Millennials Groups Capital 116

PYMNTS

JUNE 16, 2020

Monzo’s precipitous drop in value was revealed when the virtual bank recently landed $75 million in new funding to weather the coronavirus crisis from a group of investors that reportedly includes Vanderbilt University and Swiss fund Reference Capital. However, this new injection of capital values Monzo at $1.5

Capital 236

Capital Analysis Digital Banking Report 236

PYMNTS

JANUARY 18, 2021

Last week, Grab announced that its Grab Financial Group had raised $300 million in a Series A funding round led by Hanwha Asset Management and joined by K3 Ventures , GGV Capital , Arbor Ventures and Flourish Ventures. Last month, Grab and Singtel announced they had received a license to set up a digital bank in Singapore.

Fintech 198

Fintech US Groups Management 198

PYMNTS

JANUARY 2, 2020

Gaming company Razer is going after a Singapore digital banking license, along with China’s largest online monetary platform Ant Financial , according to reports on Wednesday (Jan. Razer FinTech will own a 60 percent majority stake Razer Youth Bank, which will be headquartered in Singapore. .

Digital Banking 130

Digital Banking Capital Google Cards 130

Bank Innovation

MARCH 28, 2016

Last week we looked at a group of fintech companies spanning the world with a suite of Series B rounds. Feeling out of place? The five startups below may have the frontier know-how you need. This week the common denominator lies in the oddball assistance needed by entrepreneurs, businesses, and investors Read More.

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Fintech Capital Groups Company 150

PYMNTS

JUNE 24, 2020

million) to become a challenger bank. The news of the funding it had struggled for came days before its conditional banking license was set to expire. Zopa received those funds from a group linked to IAG Capital Partners, a U.S.-based Capital One was one of the earlier disrupters,” Janardana said.

Security 215

Security Capital Cards Report 215

PYMNTS

JANUARY 8, 2021

India's BharatPe, which operates a B2B payments platform, is currently in the process of building credit solutions for its business users that will include short-term capital loans. million in debt funding raised from Innoven Capital, according to reports, which follows last year's $75 million Series C investment round.

Fintech 203

Fintech Capital Lending Operations 203

Chris Skinner

MAY 12, 2017

In his recent visit to Karachi for a training workshop organized by Terrabiz group, BR Research had an interesting discussion with him on the digital revolution, the future of the banking industry, and its potential in Pakistan. BRR: How critical are the capital requirements? CS: That is one of the main differences.

Regulation 255

Regulation Capital Fintech Innovation 255

PYMNTS

FEBRUARY 17, 2020

FinTech startup EasyEuro — based in both Paris, France and Shenzhen, China — has closed a $4 million pre-funding deal to launch a Neobank (a 100 percent digital bank) that will target Europe and China simultaneously, the company announced in a recent blog post.

Fintech 176

Fintech Capital Regional Digital Banking 176

PYMNTS

FEBRUARY 21, 2017

But even he has faced difficulties last year in trying to build up a venture capital (VC) fund to back European entrepreneurs due to the uncertainty cast by Brexit. Boden is a strong proponent for the EU directives about which many British banking executives complain. Lloyds On The Move. s exit from the EU.

Digital Banking 101

Digital Banking Capital Fintech Groups 101

Gonzobanker

SEPTEMBER 21, 2023

Digital: Pigskin Pick-Ups Bankjoy , a digital banking provider, had a funding round led by the Curql Collective Credit Union Service Organization. Mortgage servicer Mr. Cooper Group acquired mortgage servicer Home Point for $324 million. Digital payment provider Strike raised a funding round led by Ten31.

Fintech 103

Fintech Software Illinois Lending 103

Gonzobanker

AUGUST 17, 2022

Digital Engagement Had Great Attendance and Extracurriculars. Digital banking provider Alkami acquired data analysis and marketing campaign management provider Segmint Digital banking and payments provider Bottomline was acquired by Thoma Bravo for $2.6B.

Fintech 184

Fintech Lending Software Compliance 184

PYMNTS

JANUARY 15, 2021

company's seed funding was led by Floreat Group. Reports in e27 said MAA Group provided the investment, which microLEAP plans to use for marketing, new staff hires and technological enhancements. Its micro-financing portal targets SMBs that cannot access capital via traditional means. Reports said the U.K. Modern Treasury.

Capital 167

Capital Fintech Operations Technology 167

PYMNTS

JANUARY 27, 2020

Among the firms gearing up to apply for licenses are Tokyo-based Liquid Group, Inc. Binance is backed by Vertex Venture Holdings, the venture capital arm of Singaporean firm Temasek Holdings. Singapore has been attempting to modernize its banking as of late, with another announcement that it would be offering digital banking licenses.

Regulation 151

Regulation cryptocurrency Payments Bitcoin 151

PYMNTS

OCTOBER 23, 2020

All-in-one banking app Lili , which is typically used for freelancers, has raised $15 million in a funding round, a press release says, bringing its total raised to $25 million. The new capital will be used to help Lili boost its ever-growing expansion and add to its product and engineering teams and boost customer adoption, the release says.

Capital 170

Capital Leadership Taxes Google 170

PYMNTS

NOVEMBER 24, 2020

Digital Bank HMBradley Raises $18.25M to Accelerate Credit Program. The Acrew Capital-led funding will also be harnessed to grow its client offerings. Plus, Spanish financial firm BBVA has created an offering that simplifies expense management. HMBradley announced on Tuesday (Nov. 24) that it landed Series A funding of $18.25

Tools 141

Tools Payments Cards Digital Banking 141

PYMNTS

OCTOBER 21, 2019

Israel’s Upstream Security has notched $30 million in a Series B funding round led by Renault Venture Capital, Upstream announced in a press release on Monday (Oct. The funding included Volvo Group Venture Capital, Hyundai, Hyundai AutoEver, Nationwide Ventures as well as others.

NV 101

NV Capital Security Software 101

Gonzobanker

DECEMBER 14, 2023

Honorable Mentions – while this was a quiet year for M&A, we tip our hat to Atlantic Union’s acquisition of American National Bank and Eastern Bank’s acquisition of Cambridge Bank. Merger of Equals Deal of the Year (Bank) – Burke & Herbert Financial Services Corp. and Summit Financial Group, Inc.

Fintech 194

Fintech Community Regional Technology 194

PYMNTS

FEBRUARY 26, 2020

Other CUs are placing an emphasis on attracting new members, particularly from Generation Z, a group rapidly entering the workforce. The onset of digital banking has drastically changed the way CU customers interact with their financial institutions (FIs), placing a much greater emphasis on self-services like mobile and online banking.

Nevada 192

Nevada Security Innovation Data 192

PYMNTS

SEPTEMBER 17, 2019

France’s FairMoney , a small business and consumer micro-lending technology company operating in Nigeria, has announced $11 million in venture capital funding. 16) said its Series A round was led by Flourish, a venture of The Omidyar Group, while DST Global and existing backers Newfund, Speedinvest and Le Studio VC also participated.

Mobile 116

Mobile Data Fintech Digital Banking 116

Gonzobanker

DECEMBER 8, 2021

This continued to be a hot area with several deals including: TransUnion’ s acquisition of identity analytics provider Neustar Mastercard acquired digital identity provider Ekata Canapi Ventures invested in security/behavior analytics firm Neuro-ID The aforementioned DefenseStorm funding round.

Fintech 210

Fintech Los Angeles Lending Analytics 210

PYMNTS

OCTOBER 12, 2020

The round was led by Blockchain Capital, Standard Crypto, Blockchain.com Ventures and more. BitMEX has announced a new Chief Compliance Officer in Malcolm Wright, who will serve in the role for 100x Group, which operates HDR Global Trading Limited, which runs BitMEX.

Bitcoin 261

Bitcoin Compliance Lending Regulation 261

PYMNTS

MAY 9, 2019

The banking regulator in Hong Kong has issued an additional four online-only banking licenses to Ping An, Alibaba, mobile phone maker Xiaomi and a joint venture (JV) consisting of Tencent, ICBC and Hillhouse Capital. Insight Fintech is a JV with Xiaomi and investment bank AMTD Group. Xiaomi has a 90 percent stake.

Online 171

Online Capital Regulation Fintech 171