A major sell-off in the stock market is giving investors jitters as August begins in earnest. Funding news for companies in lending and wealth management leads the fintech news this week. Be sure to check back over the next few days for the latest updates and announcements.
Lending
U.K.-based SME lender Shawbrook partners with nCino to automate loan origination.
Alternative financing company for mid-sized SMEs, ThinCats, secures a £75 million mezzanine facility.
Loyalty and rewards
Bilt Rewards receives $150 million investment at a valuation of $3.25 billion.
Digital banking
NCR Voyix announces agreement to sell its digital banking business to Veritas Capital for $2.45 billion in cash.
Zafin and 10x Banking forge global partnership to accelerate core banking system modernization.
Missouri Central Credit Union partners with Bankjoy to enhance its digital banking capabilities.
Banking technology and Banking-as-a-Service (BaaS) innovator Mbanq launches new suite of white-label mobile digital banking apps.
Wealth management
Financial advisor platform Savvy Wealth secures $26.5 million in Series A funding.
Payments
International trading broker Markets.com selects Worldpay to monitor its global payments processing and fund disbursements.
Payments platform Thredd introduces Chief Client Officer Brian Kieley.
Kickfin to use SkyTab POS to enhance restaurants’ tip payout process.
Layer2 raises a $10 million in Series A funding.
Credit Union of America selects NCR Atleos‘ Allpoint Network to expand access to cash.
Cybersecurity and digital identity
Fingerprint Cards appoints David Eastaugh as Chief Strategy and Technology Officer.
J.P. Morgan Payments and PopID to expand biometric offerings.
Financial literacy and education
U.K.-based Yorkshire Building Society teams up with financial education company Doshi to provide online program for first-time prospective homeowners.
Regtech
Anti-financial crime solution provider AMLYZE announces strategic partnership with pre-transaction crypto compliance specialist Notabene.
Small business banking
Flywire acquires Invoiced to bolster its global B2B payment network.
Egypt-based Cartona raises $8.1 million to grow its B2B platform.