This is the week fintech has been anticipating for years. Klarna filed its F-1 prospectus document late Friday, anticipating it will raise at least $1 billion at a $15 billion valuation with its IPO. We won’t know the official valuation figures until Klarna prices shares, which may take around a month, however. While we wait, let’s dive into this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!
Small Business Financial Management
Small business credit card and spend management platform Capital on Tap partners with bank payment firm GoCardless for Variable Recurring Payments (VRPs).
Levelpath joins Coupa App Marketplace with AI-powered procurement solution.
Payments
Wyndham collaborates with SoFi’s Galileo to launch the Wyndham Rewards Debit Card.
ICBA Payments and Mastercard partner to upgrade customer payment experiences for community banks.
AuthenticID and Authvia join forces to provide secure, frictionless digital payments.
Jack Henry and Moov to implement Mastercard Move to enable fast, seamless domestic payments.
Risk management
Delfi launches free risk management solution: Delfi Essentials.
Digital banking
Princeton Federal Credit Union goes live with Mahalo Banking’s Thoughtful Banking platform.
UK-based commercial digital bank for entrepreneurs OakNorth acquires Michigan-based Community Unity Bank.
ABNB Federal Credit Union chooses Eltropy’s AI-powered platform to modernize member communications.
Challenger banking
Nordic challenger bank Lunar tops one million user milestone.
Crypto / DeFi
Web3 non-custodial wallet Bitget Wallet partners with Cryptorefills to facilitate crypto payments for travel.
Wealth management / Wealthtech
German wealthtech NAO announces a second closing of its seed funding round, bringing the funding total to €4.5 million.
Privacy and Security
BotGuard raises $49.2 million round B led by Dawn Capital, rebrands to Blackwall.