Finovate’s Fintech Rundown is here with a look at some of the top fintech headlines. From startups emerging from stealth flush with capital to the launch of new AI-powered fraud fighting technologies, we’ve got you covered. Be sure to check back all week long for the latest updates.
E-commerce
E-commerce payments solution provider Klarna acquires New Zealand’s Laybuy.
Regtech
Risk and compliance company Unit21 introduces new anti-fraud technology for ACH transactions.
Payments
Uruguay-based cross-border payment platform dLocal forges strategic partnership with Uphold’s onramp service, Topper.
PayPal integrates with payroll provider UKG to offer early wage access.
Payments company D24 forges a strategic partnership with payments orchestration platform Yuno.
Nigeria-based B2B payments and liquidity platform for emerging markets businesses Waza emerges from stealth with $8 million in funding.
Identity management
Biometric authentication solutions company IDEX Biometrics names Catharina Eklof as its new CEO.
Crypto / DeFi
Romania-based AI and blockchain technology provider Humans.ai acquires TensorChain creator Starfish Technologies.
German neobank N26 expands its cryptocurrency trading product, N26 Crypto, to five new European nations: Belgium, Germany, Ireland, Portugal, and Switzerland.
Worldwide Stablecoin Payment Network (WSPN) raises $30 million in seed funding.
Decentralized finance (DeFi) risk management platform Chaos Labs secures $55 million in Series A funding.
Stablecoin-to-fiat money transfer app Sling Money locks in $15 million in funding.
Lending
ABN AMRO forges partnership with nCino to enhance its corporate lending operations.
Embedded finance fintech Amount secures $30 million to fuel its expansion into the credit union industry.
Digital banking
Challenger bank Starling Bank launches its first savings account offering 3.25% interest.
Wealth management
Cloud-based wealth management solution provider FusionIQ partners with wealthtech provider interVal to deliver new technology solutions to financial advisors.
Open banking
Open banking payments company Trustly announces strategic partnership with food delivery service company foodora.
Financial literacy
Northern Trust teams up with Greenlight Financial Technology to give its clients access to Greenlight’s finance app and debit card.
Embedded finance
Regtech Kobalt Labs joins the Treasury Prime Partner Marketplace.
Three Finovate alums – ASA Financial, Eko Investments, and upSWOT – earn finalist spots in the 2024 NXTSTAGE Financial Technology Pilot Competition.
Accounting and taxes
Automated accounting and tax solution for “solopreneurs,” Lettuce, raises $15 million in Series A funding.
Fraud and financial crime prevention
Digital identity and fraud prevention innovator Mitek Systems expands its partnership with Alogent.
Photo by Roman Kraft on Unsplash