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There is something poetic about a BNPL company receiving private equity funding in installments. One of the first BNPL players in the market, Splitit, has landed a $50 million investment from private equity firm Motive Partners. The funds, which will boost Splitit’s total funding to $325 million, will be paid out in two tranches. For Read more…
Fintech pioneer PayPal is back in the headlines today. After unveiling the launch of its stablecoin last week, the California-based company announced it has appointed Alex Chriss as new CEO. Chriss will replace Dan Schulman on September 27 of this year. This comes after, earlier this year, Schulman declared his intention to retire. “I’m at Read more…
Launched in the fall of 2021, Merlin Investor is on a mission democratize access to investment strategies. The fintech offers a while label, multi-asset, educational, strategizing and tracking tool that helps investors accomplish two critical goals: building long-term positive results and limiting potentially catastrophic losses. Merlin Investor’s technology is compatible with all trading platforms. The Read more…
Core banking technology provider Thought Machine announced this week it is partnering with Chile-based Cordada. Under the partnership, Cordada will use Thought Machine’s core banking platform, Vault Core, to offer Latin American SME lenders and fintechs access to personalized financial tools. More specifically, Cordada will modify and tailor products in Thought Machine’s global product library Read more…
Worldpay revealed its latest partnership today. The FIS-owned electronic payment and banking company announced it will integrate Alipay+ as an option among its e-commerce and POS offerings. To initiate the rollout, Worldpay will start by enabling its merchant clients to support Alipay’s AlipayHK e-wallet. AlipayHK will be available to Worldpay’s clients in phases. Alipay launched Read more…
Payments and financial platform Airwallex and venture investing platform OurCrowd announced a new partnership this week. The two companies are combining their efforts to make it easier for both institutions and accredited investors to invest in startups wherever they are and in their local currency – all with a single click. The integration works with Read more…
Business finance automation platform Ramp is getting a lift today. The New York-based company has launched Ramp Plus, a new procurement solution to help businesses scale. “With Ramp Plus,” the company explained in an announcement, “we are helping growing companies with their most complex financial operations.” Today’s launch positions Ramp as a more unified platform Read more…
Supply chain procurements and payments company Tradeshift is teaming up with HSBC to launch a new business. The jointly-owned business endeavor will focus on developing embedded finance solutions and financial services applications. As part of the partnership, HSBC is investing $35 million in Tradeshift as part of a round that is expected to close at Read more…
A strategic partnership between core banking provider Tuum and bank orchestration platform Numeral is designed to help both financial institutions and fintechs to launch and grow across Europe and the U.K. The combination of Numeral’s bank integrations and Tuum’s modular core banking platform will enable FIs and fintechs to access a variety of European and Read more…
By now you’ve likely heard that the U.S. Federal Reserve launched its FedNow instant payments solution. Using the new tool, banks and credit unions can enable their customers to instantly transfer money at any time of day, any day of the year. The release comes 10 years after the Fed first started talking about creating Read more…
American Express unveiled its Sync Commercial Partner Program today. The new program includes a suite of APIs that fintechs can embed into their own B2B apps, reaching business customers on the platforms they already use. Using the Sync Commercial Partner Program, fintechs and software providers can embed Amex virtual cards into their own spend management, procurement, Read more…
Netherlands-based bunq, the second-largest neobank in the European Union, has earned a valuation of $1.8 billion (€1.65 billion). The new valuation comes as the firm locked in an additional $49.3 million (€44.5 million) in growth capital. Current investors Pollen Street Capital, bunq Chief Information Officer Raymond Kasiman, and bunq founder and CEO Ali Niknam participated Read more…