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Trustly Nets Capital Infusion From Blackrock-led Investment Group

PYMNTS

A high-powered slate of investors led by BlackRock is buying a stake in Trustly , the fast-growing Swedish FinTech, its new investment partners announced in a press release. The BlackRock-led group of institutional investors includes Aberdeen Standard Investments, funds managed by Neuberger Berman, Investment Corporation of Dubai and RSIC. “It

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The Bank-FinTech Collaboration Model Goes Global

PYMNTS

With more financial institutions (FIs) turning to external third-party FinTechs to strengthen their small- to medium-sized business (SMB) and corporate offerings, the collaboration model is proliferating across national borders. Absa Group Collabs With Surecomp. National Australia Bank Chooses Eedenbull. BNL Goes Live With Tink.

Fintech 341
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Grab Financial Group Raises $300 Million For Expanded Finance Solutions

PYMNTS

Southeast Asian FinTech Grab Financial Group announced in a press release that it has raised $300 million in a Series A funding round. The round was led by Hanwha Asset Management , South Korea’s leading asset management company.

Groups 204
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Ant Group Debuts Virtual Bank In Hong Kong Weeks After Filing IPO

PYMNTS

Ant Bank, the virtual banking division of Hangzhou, China-based Ant Group , has launched banking services in Hong Kong, Fintech News reported. Ant Bank will partner with AlipayHK to allow users to integrate banking services, Fintech News reported. Ant Group is seeking a record return of at least $35 billion as it goes public.

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Female FinTech Founders’ Funding Behind Male Counterparts

PYMNTS

Female FinTech entrepreneurs are getting left out of funding even as record venture capital money is being pumped into startups. percent of FinTech startups with female founders received funding January through October, according to Crunchbase, per a Bloomberg report on Wednesday (Nov. percent of total monies raised. .

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Ant Group Moves Ahead With $35B IPO After China's OK

PYMNTS

Ant Group has won the nod from China's top security regulators for its Shanghai offering, the last hurdle to clear for the $35 billion dual listing, Reuters reports. Ant, the FinTech backed by China's Alibaba Group, plans to list simultaneously in Hong Kong and Shanghai in the next few weeks, according to sources quoted by Reuters.

Groups 175
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Fintech Deals to Watch: Fall Festivities

Gonzobanker

Treasury management provider Dragonfly Financial Technologies launched independently from an ACI Worldwide sale. Alkami partnered with Clinc for conversational AI, Atomic for direct deposit switching and FINBOA for payment dispute management. Mortgage servicer Mr. Cooper Group acquired mortgage servicer Home Point for $324 million.

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