It’s the first week of summer, and fintech is heating up. We’ll continue adding news to this post throughout the week, so stay tuned!
Payments
Walmart-backed PhonePe prepares for $1.5 billion India IPO.
Nippon Yusen Kabushiki Kaisha (NYK) agrees to acquire salary payments partner Kadmos Holding.
Shift4 to acquire Australian payments company Smartpay.
Digital banking
Finom brings in $133 million (€115 million) for its small business banking platform.
Small business technology
SAP Taulia and PayMate partner to enhance payment flexibility for businesses.
Fraud and security
First Tech Federal Credit Union teams with Featurespace to strengthen its ability to detect and prevent fraud, achieving notable industry recognition.