Welcome to?your?daily?FinTech?news!
- eller?is claiming unicorn status less than a year after launching following a $100 million Series B capital raise. Read it here
- HELPFUL, has launched digital branded wallets to help businesses make their checkouts greener, faster and attract new customers. Link here
- Australian buy, now pay later (BNPL) startup?Openpay exits the UK market. Link here
- An Post?has teamed up with European open banking platform?Tink, to bring new money management services to its customers. Link here
- Paga Group Ltd?is set to expand its African footprint with the launch of its online payment gateway in Ethiopia. Link here
- Sokin?is set to disrupt India’s $87bn?remittances market by giving the 18 million?Indian migrants living outside their homeland access to 51% cheaper global money transfers. Link here
- Tenderly, a startup that aims to make it easier for web3 developers “of all skill sets” to build blockchain products, has raised $40 million in a Series B round of funding. Link here
- Tribal?Credit has partnered with?Visa?to expand credit and financing options for small- and medium-sized enterprises across Latin America. Link here
- Cheddar?announced an exciting new acquisition of open banking technology by?Upside Saving?to be added to the company’s free payment offering. Link here
- CommerzVentures’, the venture capital arm of German banking group?Commerzbank AG, has closed a €300 million fund, the company’s third. Link here
- Anrok, a San Francisco, CA-based sales tax solution for software-as-a-service (SaaS) businesses, raised $20M in funding, with a valuation north of $100M. Link here
- Atomic, a provider of payroll APIs, has raised $40 million in Series B funding just five months after announcing its Series A financing. Link here
- TabaPay, a Mountain View, CA-based instant money movement platform, received an investment from?SoftBank Group Corp.?Vision Fund 2. Link here
- UK-based crypto startup?Mode?has named former Alipay UK CEO?Rita L.?as chief executive officer. Link here
- Angel investors overtook crowdfunders for investments in unlisted UK startups last year for the first time since 2014. Link here.?
- Pocketly raised $3 Mn in a Pre-Series A funding round. Link here.
- Plum Life?Inc announced that it closed a $5.3 Million seed round led by?ManchesterStory. Link here.
- Shares raised a $40m Series A round. Link here.
- Delio secured $8.3m growth funding led by?Octopus Ventures. Link here.
- Volopay raised $29 million in Series A, a mix of equity and debt. Link here.
- Cashew Payments?has made an entry into Pakistan. This is through a partnership with?Taro Technologies, a fintech startup in the South Asian country. Link here.
- Worldline, a global leader in payments services announced its business expansion to Japan, offering credit card payment processing for merchants nationwide. Link here.
- Mesh Payments announced its latest innovation: the Plug & Pay Visa Business card which ties a physical and a virtual card. Link here.
- Mobi724 Global Solutions Inc. entered into an agreement in principle with Avenida Inc. to acquire all of the shares of Avenida Compras S.A.. Link here.
- Nova Credit appointed Yacine Azmi?as Head of Engineering. Link here.?
- Nik Storonsky,?Russia-born CEO and fellow Revolut co-founder, clarified his position regarding the war in Ukraine, cautioning that he “had to first consider the wellbeing of our colleagues in Russia” who are simply working hard to build Revolut, just like their colleagues in Ukraine and around the world.?Read it here
- Singaporean neobank?IN Financial Technologies (INFT)?has fully acquired?MyCash Money, a money transfer company focused on migrant workers, for an undisclosed sum. Link here
- Sberbank?has taken the decision to withdraw from the European market.?The group’s subsidiary banks have faced an exceptional outflow of funds and a number of safety concerns regarding its employees and offices. Link here
- GoHenry?is boosting its proposition with the launch of a Junior ISA, as it looks to school more children in responsible investing.?Link here
- Payments provider?LHV UK?announced a partnership with Estonian fintech?Tuum?(formerly Modularbank) to secure the core banking infrastructure for its UK operations. Link here
- BigPay | Challenge Banking announced the launch of its fully digital loans issued by “BigPay Later”, a wholly-owned subsidiary within the group and a digital money lending license holder. Link here.
- Maybank launched its digital home financing solution “Maybank Home2u” on its MAE app that is capable of providing approvals within 10 seconds and is available to both existing and new customers. Link here.
- Grasshopper Bank?has relaunched its digital banking platform as part of a renewed focus on start-ups and small and medium-sized enterprises (SMEs). Link here.
- Revolut?and?IRIS Software Group, a human resources software giant, have struck a partnership to bring early salary access to thousands more Brits. Link here.
- Estateguru.co?is gearing up for a huge expansion into the German market, laying the groundwork through a partnership with?Raisin?DS. Link here.
- AAZZUR?has expanded its partnership with leading embedded finance experience platform?Railsbank. Link here.
- Accel?has raised $650 Mn in its commitments towards the seventh fund, the Accel India VII, aimed at funding startups in India and Southeast Asia. Link here.
- TotallyMoney partnered with?Cashplus Bank, the leading SME-focused digital challenger to launch its new, market-leading cashback credit card. Link here.
is ends?Your?Daily?Fintech?News. Let me know if there are any questions or comments. Until the next!
Love this, Thank you Marcel van Oost