We’re starting off the newsweek with a bang as Bain Capital announces that it will take wealthtech and Finovate alum Envestnet private in a deal valued at $4.5 billion. Be sure to check back all week long with the latest fintech news and headlines.
Crypto / DeFi / Web3
Payment orchestration platform FinMont partners with Bitcoin and cryptocurrency payment servics firm, BitPay.
Coinbase launches new web app to help users better manage their digital assets portfolio.
Blockchain payment network Partior secures $60 million in Series B funding.
Wirex and Visa announce an expanded partnership to promote Web3 payments.
Payments
Mangopay teams up with European marketplace ManoMano to bring new payment capabilities to marketplace merchants.
Allied Payment Network introduces new Chief Financial Officer Hank Vanjaria.
U.K. payments platform Payset partners with ClearBank to access the U.K. payment system for local and cross-border transactions.
BNPL company Affirm teams up with Canadian retailer RONA, enabling the store to offer flexible online payment options.
Singapore based fintech Qashier launches its payment linked loyalty program, Treats.
TerraPay partners with YeePay to enhance the customer experience.
Nala raises $40 million to build B2B payments platform, scale remittance services.
Stripe reaches $70 billion valuation.
Klarna considers Goldman Sachs, Morgan Stanley, and JPMorgan for lead banking positions for a potential 2025 IPO.
Payments processor Tapi lands $22 million.
Temenos teamed up with Visa to integrate Visa Direct with Temenos Payments Hub and make available to banks via Temenos Exchange.
Investing and wealth management
Apex Fintech Solutions launches its real-time, B2B investment infrastructure, Ascend for Fintechs.
Bain Capital to buy Envestnet for $4.5 billion.
InvestFi forges partnership with HiFin Technology.
Small business finance
America First Credit Union turns to Loquat to enhance onboarding for small business members.
J.P. Morgan Payments selects Slope to provide clients access to a short-term financing solution, leads the fintech’s new round of $252 million in combined debt and equity.
9Spokes launches automated cashflow tool to help financial organizations elevate financial insights for SMBs.
Digital banking
Digital wealth management solutions company Quantifeed forges partnership with banking technology firm Thought Machine.
Digital banking solutions provider Alkami receives certification by J.D. Power for its mobile banking platform.
Banco Santander introduces a new digital service for customers with hearing challenges that translates the bank’s website into British Sign Language (BSL).
Flybits integrates with Q2’s Digital Banking Platform.
Trexis launches suite of digital banking solutions.
Anne Boden quits Starling Bank to focus on AI.
Brightfin launches healthy spending app to remove anxiety around money.
Insurtech
Digital insurance firm Lemonade launches new home insurance offering in the U.K.
Insuritas partners with Integral Group Solution (IGS) to integrate home services product into its embedded insurance platform.
Lending
Mexican fintech OCN secures $86 million in Series A funding.
Open banking
Salt Edge launches the latest version of its Open Banking Gateway API, API V6.
Goldman Sachs’ alternatives unit is leading a consortium investing $540 million in a continuation vehicle created by VC firm NEA, which includes stakes in 11 of NEA’s companies, including Plaid.