Big fintech news this week came from Apple, Visa, Blockchain.com, Cross River, Consumer Financial Protection Bureau, Bilt Rewards, Wells Fargo, Alviere, Coinbase, Axie Infinity and more.
The French fintech said it will use the funds from its latest round to take on an extra 400 staff this year and speed up new product development.
London-based fintech upstart SumUp has raised €590M that brings the total raised to €1.5B and an enterprise value of €8B.
Marqeta opened their office in London in October last year and today they have announced that they have signed up...
U.K. based personal financial management app Emma recently launched in December and has struck data sharing deals with Starling Bank and Monzo; the app also works across 17 banks to screen scrape data as the banks work towards compliance with open banking; Emma is a budgeting app that helps customers avoid overdrafts and sees a big opportunity with the open banking regulations; “We’re building a tech company, and we understand that the data [play] goes beyond just overdrafts — it’s about understanding when certain events happen, money can be saved or invested,” said Emma founder and CEO Edoardo Moreni to TearSheet. Source.
Starling Bank has already raised £100mn this year and is eyeing an additional round of capital through the Banking Competition...
HSBC is looking to test the new app to help in preparation for the coming open banking regulations; the app will allow customers to look at all their accounts including loans from 21 different banks; Becky Moffat, head of personal banking and advice at HSBC, tells Banking Technology “Through our Beta app we want to give our customers a complete and joined-up view of their financial life.” Source.
The consultancy and trade body have teamed up to launc
By OakNorth -- OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small
ClearBank — a UK fintech that has built a new set of cloud-based financial rails that allows banks and other customers real-time clearance on payment transactions and other financial services — has closed a big round of funding, money it will be using to take its services beyond its home market and...