The arrival of Daylight Savings Time in much of the West is yet another reminder that Spring is right around the corner. Here’s Finovate’s Fintech Rundown with some fintech news—including some funding and partnership news from a handful of long-time Finovate alums—to help you get caught up on the latest updates and announcements in our industry.
Wealth management and investing
Digital vault platform FutureVault secures $3 million in equity capital.
Clearwater Analytics to acquire Beacon and Blackstone’s Bistro to deliver investment intelligence across private markets.
Digital banking
American Eagle Financial Credit Union to deploy Alkami Technology’s Digital Banking Platform.
Lithuanian digital bank myTU raises €10 million in Series A funding.
Challenger bank Lunar launches app for kids and teens.
Payments
Zimpler and Swish team up to enhance payments for highly regulated industries in Sweden.
Boost Payment Solutions partners with TransferMate to enhance cross-border payment capabilities.
AuthenticID and Authvia join forces to Provide Secure, Frictionless Digital Payments.
Fortis received a joint investment from Audax Private Equity and existing investor Lovell Minnick Partners.
SEON launches new automated chargeback management solution.
Financial wellness
Augie unveils new credit card to help consumers build credit.
Open banking / open finance
Fintech Galaxy announces collaboration with the Central Bank of Jordan (CBJ) as part of its expansion in the country.
Business banking
Expensify, a financial management super app for expenses and corporate cards, launches new travel management tool, Expensify Travel.
Flywire acquires vertical software and payments platform for the hospitality industry Sertifi.
Lending and mortgage
Digital banking solutions origination platform Blend Labs forges partnership with verification of income and employment platform Truework.
Union Credit expands its partnership with Experian.
Tomo Mortgage raises $20 million with backing from Progressive Insurance.
Backend solutions
Worth secures $25 million investment led by TTV Capital to drive major enterprise growth and expand workflow automation solutions.
Dwolla announces the general availability of its expanded integration with Plaid, allowing its clients to leverage Plaid’s instant account verification and real-time balance check and pay-by-bank payments.
Digital identity
Microblink launches automated identity verification platform.