There was a lot of news week in the payments world, where we saw announcements from large firms such as Visa and PhonePe, as well as smaller players like Cleva.
Across the board, there also seem to be a fair number of C-level job shifts, which makes sense for the start of the year.
Challenger Banking
Nubank’s Nu Colombia receives formal approval to operate a financing company in Colombia.
Payments
Cleva raises $1.5 million pre-seed funding to help non-U.S. residents open a U.S.-based account to receive USD payments.
PhonePe appoints Ritesh Pai as CEO – International Payments.
Allied Payment Network receives undisclosed amount of funding from RF Investment Partners.
Optty’s merchant clients and partners to leverage Link Money’s Pay by Bank solution.
Finix launches Payouts for fast and secure money movement.
Bluefin launches new ShieldConex capability with enterprise security proxy service.
Visa Direct adds more digital wallets through Simplii and CIBC.
Currencycloud inks partnership with cashflow management platform multi.
Andaria partners with Mastercard to empower its embedded finance initiatives.
Rivero raises $7 million in Series A funding to supercharge growth.
ACI Worldwide forges payments technology partnership with U.K. retailer Co-op.
Financial management
MSU Federal Credit Union’s Reseda Group launches Ever Green Financial Wellness Center to help credit unions promote financial literacy and education.
Brazil-based expense management and corporate card company Conta Simples raises $41.5 million in Series B funding.
Intuit integrates TurboTax into Credit Karma and QuickBooks.
Wealth Management
Kinecta Federal Credit Union announces an integration with cloud-based wealth management solutions provider FusionIQ.
Bits of Stock’s Stock Rewards Checking Account is now accessible through Jack Henry’s Banno digital banking platform.
InvestCloud appoints Jeff Yabuki as Chairman and CEO.
DeFi
E-commerce company Mercari to allow Bitcoin payments.
NoahArk Tech Group secures $2.4 million in a strategic investment from EOS Network Ventures (ENV).
USDC stablecoin issuer Circle files confidentially for an IPO.
Nayms Launches an Institutional Tokenized (Re)insurance marketplace on Base.
Lending
Qashio and CredibleX launch Qashio Financing.
Owners Bank expands partnership with Biz2X to include partner origination oprtal.
Identity Management
Digital signature firm Videosign partners with digital identity verification company OneID.
Socure’s Socure ID+ platform earns authorization from the State Risk and Authorization Management Program (StateRAMP).
Digital Banking
Redwood Capital Bank taps Apiture for digital banking platform.
KlariVis reaches 100-customer milestone, secures $11 million in Series B funding.
Compliance and Regtech
Inspire Legal selects First AML to increase confidence and autonomy in AML compliance.