After a turbulent couple of weeks in fintech, we’re starting this week with the news that Capital One’s $35 billion deal to acquire Discover has gained approval. This comes after last week’s positive news that Global Payments has agreed to acquire Worldpay. All of this proves that while fintech may be down, it is certainly not out. Here’s a look at more of this week’s fintech news. We’ll continue adding news to this post throughout the week, so stay tuned!
Payments
Blackhawk Network (BHN) has partnered with Monadnock Paper Mills to introduce Renovo, a new sustainable, fiber-based gift card substrate.
Toku raises $48 million Series A to grow its payments solutions in Latin America.
Digital banking
BrightStar Credit Union selects Jack Henry’s Symitar platform and complementary products to support its growth and deliver better member experiences.
Regulators approve Capital One’s $35.3 billion acquisition of Discover, minting the 8th largest US bank.
Velmie powers Sierra Leone’s first digital banking super app.
Lending
SoFi secures $3.2 billion expansion to its loan platform business across agreements with Fortress and Edge Focus.
Wealth management & investing
Sharia-compliant wealth creation platform Vennre introduces new Chief Product Officer Ahmed El-Sharkasy.
Clearwater Analytics finalizes acquisition of Enfusion.
Small business financial management
FundThrough acquires working capital platform Ampla.
DeFi
CompoSecure integrates Arculus with MoneyGram, marking the first hardware wallet to provide global cash in/cash out through Stellar.