Railsr has raised $46 million.; & more!
Welcome to?your?daily?FinTech?news!
In case you missed it, please see below today's most relevant news, or tune in to our?Daily Fintech Podcast?here.?
NEWS HIGHLIGHT
Klarna partnered with CellPay. As part of the tie-up, CellPay will offer Klarna’s interest-free ‘Pay in 4’ option to consumers in the US who are buying its prepaid cell phone minutes. The payment option will be available during checkout and will allow CellPay consumers to divide their payments into four instalments. Link here.
BREAKING NEWS
Prosus pulls out of a $4.7 billion BillDesk deal. While PayU in September received approval by the Competition Commission of India (CCI) to proceed with the deal, the firm now says that certain conditions "were not fulfilled by the 30 September 2022 long stop date, and the agreement has terminated automatically". Link here.
HSBC is considering selling its business in Canada. The business, unlike some others HSBC has tried to dispose of in recent years, is profitable, making C$490 million before tax in the first half of this year. That means the lender would hope to charge any buyer a substantial premium to its current valuation. Link here
UK Banks to shutter joint telephone payment system Paym. Which is a simple method of sending and receiving cash via a mobile phone number. It will close permanently for all users on March 2023. Payment volumes made through Paym have diminished over the past three years. Link here
FINTECH?NEWS
€447m was raised in 16 EU FinTech deals. The top countries contributing deals were the UK with 7 deals, France with 3 deals, Spain with 2 deals, Italy, Luxembourg, Ireland etc. Link here
Mastercard adds small biz cardholder benefits. As small businesses continue to grow it’s important that they are equipped with digital tools and resources that help them. Link here
Ebury enrolls in Amazon’s “the program”. The Program was introduced by Amazon in 2021 as part of its continued efforts to be the safest and most trusted store in the world. Link here
Nexo is in talks to invest/buy more companies in Asia. These companies range from distressed ones and those facing difficulties for various reasons to businesses that are “in good standing,” she adds. Link here
SPONSORED CONTENT
Payhawk launches business credit cards. The Bulgarian fintech is adding credit cards to its current debit offering to give UK businesses a “smarter” way to spend. Link here
ADVANCE.AI ties up with Visa. ADVANCE.AI will integrate Visa’s Cardholder Transaction Score into its core suite of services comprising digital identity verification. Link here
DIGITAL BANKING?NEWS
领英推荐
Vodafone Qatar launches the iPay e-wallet. iPay is a secure e-wallet developed by Infinity Payment Solutions, in strategic partnership with Commercial Bank of Qatar. Link here
Be Mobile Africa launches multi-currency accounts. The neobank’s new service will provide businesses with an easy way to manage their finances and expand their operations into new markets. Link here
PNB launches WhatsApp banking. The WhatsApp banking service will be available 24x7, including holidays, on Android and iOS-based mobile phones. Link here
ICICI Bank UK PLC has an offer for Indian students. Students can open an account, which is equivalent to a savings account in India, digitally and instantly while they are still in India. Link here
Taiwan’s digital banks will struggle to turn a profit. Taiwan’s three digital banks are competing against 38 commercial banks for a piece of the island’s 23 million population. Link here
Investing app Stash adds a crypto offering. The startup sees itself as different from competitors because of its focus on cultivating customers who are long-term investors. Link here
Taiwan Bank to acquire American Continental. Taichung Commercial Bank’s move comes amid heightened military tension between mainland China and Taiwan in 2022. Link here
Timo promotes Jonas Eichhorst as new CEO. Jonas has supported the development of a wide range of high-scale products and businesses across various emerging markets. Link here
Equi announced their $15M Series A led by Smash Capital. Equi is committed to putting this capital to work on their long-term mission of making elite investments accessible. Link here
Monnai raised $3.15 million to further developed the platform, recruit new hires, and continue its global expansion. Monnai currently has customers in India, Southeast Asia and Latin America. Link here
ShopBack raised $80 million. The shopping and rewards platform’s latest backer is a Temasek-backed investment firm with US$3.3 billion in assets under management. Link here
DBT secures a €285 million loan. The firm says its tech platform for risk assessment and lending has allowed DBT to lend more than 2 billion Swedish crowns in the past six years. Link here
Tally raised an $80m Series D. The firm aims to use the funding to grow its business and further expand its automated debt pay-down system to help more people. Link here
Railsr has raised $46 million. The equity portion is an inside round, meaning all are repeat investors. Anthos Capital is leading the round and Ventura, Outrun Ventures, and others participating. Link here
Juno raises $18 million in a Series A. As part of the fundraising, the company is introducing a loyalty token, Juno coin, which will only be distributed to verified account holders. Link here
This ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
Regards,
Marcel van Oost
SDR Manager @ Carta | Equity Management | Valuations (BSPCE, HMRC, 409a) | Share Plan | Equity Issuance | Attract talent with Equity | Prepare for IPO | Build & scale your business on Carta
2 年Michael Ford