Starting off the holiday-shortened week with more than a few fintech partnership announcements in payments as well as some positive funding news in the challenger bank/neobank space.
Follow this space all week long for more updates on the latest in fintech!
Payments
Localized payment solutions network Boku introduces new Chief Executive Officer Stuart Neal.
Mangopay, a payments infrastructure provider for marketplaces and platforms, teams up with Storfund.
Integrated payments and commerce technology company Shift4 teams up with mobile payment provider MobilePay.
Worldline forges strategic partnership with Google to leverage the cloud to enhance global payments orchestration.
Canadian payment solutions provider Chimoney announces a partnership with Corpay.
DailyPay closes $175 million in funding, boosts valuation by 75%.
Netherlands-based BNPL fintech Billink raises €29.5 million.
Brightwell collaborates with Visa to enable payouts to bank accounts and wallets.
Latin American payments fintech Pomelo raises $40 million.
Banking-as-a-Service
Allied Banking Corporation turns to Finastra as it migrates its core banking operations to the cloud.
High Circle, Treasury Prime, and First Bank forge strategic partnership.
Finzly announces 2023 revenue growth was double that of 2022.
Crypto
Franklin Templeton introduces its Franklin Bitcoin ETF, EZBC.
Challenger Banking
German digital bank N26 introduces in-app stock trading.
Panacea Financial raises $24.5 million in Series B funding.
Revolut and Jabil team up to scale development of Revolut’s mobile payment POS solution, Revolut Reader.
Identity Management
U.K.-based fintech ZORRZ teams up with identity verification platform provider IDnow.
KYC profiles provider Encompass Corporation acquires CoorpID and Blacksmith KYC from ING.
Socure launches its integrated, identity fraud solutions suite, Sigma Identity Fraud V4.
U.K.-based rent data company CreditLadder adds new reporting functionality to its digital identity app, Digital ID Connect.
Digital Banking
Colorado-based Elevations Credit Union partners with digital banking platform provider Alkami.
Co-op Credit Union extends its partnership with MDT, a CUSO that hosts the Symitar core processing system from Jack Henry, and adds digital and data capabilities.
Tandem unveils Goals feature set, announces $3.7 million in seed funding.
Pinwheel collaborates with Jack Henry to streamline access to direct deposit switching solution
Mortgagetech
Obligo teams up with BNY Mellon to digitize the rental process for property managers.
Credit Risk & Analytics
Collections and credit risk specialist Akuvo announces that 21 new financial institutions have signed up for its delinquency management platform.
Insurtech
Qover launches its automobile insurance solution in the U.K.
Trust & Will announces strategic investment from Erie Strategic Ventures
Regtech
UK-based Regtech eflow Global announces global expansion plans, appoints senior hires in the U.S.
Lending
Nav introduces next best option to help SMBs that are declined for funding.
DMI acquires ZestMoney platform and will be a preferred lender on the Zest platform.