It’s the first week of summer, and fintech is heating up. We’ll continue adding news to this post throughout the week, so stay tuned!
Payments
Open payments platform Spreedly unveils a strategic enhancement to its platform via integration of Just-In-Time Card Updates for Visa Cards powered by Visa Account Updater (VAU).
Walmart-backed PhonePe prepares for $1.5 billion India IPO.
Nippon Yusen Kabushiki Kaisha (NYK) agrees to acquire salary payments partner Kadmos Holding.
Shift4 to acquire Australian payments company Smartpay.
Digital banking
AI-powered conversations platform for community financial institutions (CFIs) Eltropy launches its Collections 2.0 Suite to help CFIs manage rising delinquency rates.
Banking technology company Thought Machine partners with technology services provider DXC Technology.
NayaOne forges a collaboration with Google Cloud.
Cloud-native core banking platform 10x Banking announces strategic partnership with Australian banking software and operations provider Constantinople.
Finom brings in $133 million (€115 million) for its small business banking platform.
Small business technology
Accounting software provider Xero agrees to acquire SMB billpay platform Melio.
SAP Taulia and PayMate partner to enhance payment flexibility for businesses.
Fraud and security
Financial crime compliance company ThetaRay teams up with East African financial services group, I&M Group PLC.
iDenfy partners with MN2S Label Services to enhance the identity verification process.
Wealth management and financial advisory
AI-driven financial planning and advice platform Quinn emerges from stealth with $11 million in seed funding.
Finovate Best of Show winner Trust & Will launches EstateOS, an intelligent platform for modern legacy planning.
Crypto and DeFi
Automated reconciliation and financial control solutions company AutoRek introduces its data management and reconciliation platform for cryptocurrencies and digital assets, Mion.