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Yapily Raises $5.4M To Connect UK FinTechs To Banks

PYMNTS

based FinTech startup, has raised $5.4 Funding will go to develop its API platform aimed at helping FinTechs connect to traditional banks. The open banking initiative requires banks to let FinTechs access customers’ account information. The capital raise on the part of Yapily comes at the same time that its U.S.

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Tink Gets Investment From PayPal To Expand

PYMNTS

Tink , the Swedish company that enables FinTechs to access customers’ financial data, has received an $11.2 million in a round that included Insight Venture Partners and the venture capital arms of banks Nordea and ABN Amro Group NV. It has arrangements with banks such as BNP Paribas and FinTechs including Klarna.

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Goldman Gets Green Light To Operate Bank In South Africa

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Stripe Reaches $35B Valuation With Latest Funding Round

PYMNTS

FinTech Stripe is raising $250 million in its latest funding round and has reached a pre-money valuation of $35 billion, according to a release on Thursday (Sept. We’re investing now to build the infrastructure that’ll power internet commerce in 2030 and beyond.

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Goldman Joins South Africa’s Johannesburg Stock Exchange

PYMNTS

Goldman’s expanded move into South Africa coincides with the scaling down of other brokerages, including Macquarie Group, Arqaam Capital, Deutsche Bank and Credit Suisse Group. Africa’s working-age population is anticipated to go up to nearly one billion by 2030, up from 705 million in 2018, according to the African Development Bank.

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Saudi Startup Lendo Helps SMBs With Invoices

PYMNTS

Late payments and lack of working capital, [and]/or inadequate cash flows, are the main challenges that [SMBs] face. Lendo is a licensed FinTech sandbox that uses data points and modern underwriting techniques. Lendo is backed by three venture capital firms in the Middle East, as well as a group of angel investors in the area.

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Finastra research points to open finance progress

Bobsguide

Explore the latest trends in lending, payments, universal banking (digital, retail and commercial banking), treasury and capital markets, and Finastra’s broader commitments, including: Open technology: Collaborating to innovate. Open communities: Creating more equitable access to banking.