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Neobank Oxygen has raised $20 million in Series B funding, taking its total capital to $45 million according to Crunchbase. The funding -“led largely by return investors” – will help Oxygen further develop its product, improve the user experience, and grow its workforce. San Francisco, California-based Oxygen won Best Digital Bank in the 2021 Finovate Read more…
It’s the first day of Black History Month, and this year’s theme is Resistance. We’ll be serving up related coverage all month, and today’s piece sets the scene. In an effort to highlight Black founders in our industry, we gathered a list of 70 fintechs with Black founders. This is far from an exhaustive list Read more…
American Express is launching American Express Business Blueprint, a set of digital cash flow management tools for small businesses. Small businesses can access the MyInsights cash flow solution within Business Blueprint at no charge. Business Blueprint evolved out of Kabbage, an alternative lending startup that the company acquired in 2020. With the launch of Business Read more…
B2B payments and invoice networking operator TreviPay announced a partnership with B2B cashflow specialist Cloudfloat. The goal of the partnership is to help stimulate business opportunities for both companies. TreviPay serves the enterprise market. Cloudfloat specializes in serving small and medium-sized businesses. TreviPay made its Finovate debut last September at FinovateFall in New York. B2B Read more…
Digital communications platform Eltropy and collections platform provider AKUVO announced a new partnership, integrating Eltropy’s texting functionality into AKUVO’s Aperture solution. The integration will enhance the collections process for community financial institutions (CFIs). Eltropy made its Finovate debut in 2017 and returned to the Finovate stage last year for FinovateFall in New York. A newly-announced Read more…
Marqeta is acquiring credit card program management platform Power Finance. The company will add Power Finance’s credit card program management capabilities to its own card issuing platform. Financial terms of the deal were not disclosed. Global card issuer Marqeta agreed to acquire credit card program management platform Power Finance. Terms of the deal, which is Read more…
Germany-based fraud prevention and AML solution provider Hawk AI has raised $17 million in Series B funding this week. The round was led by Sands Capital and featured participation from DN Capital, Coalition, BlackFin Capital Partners, and Picus Capital, and adds to the $10 million Hawk AI raised in 2021. Hawk AI made its Finovate Read more…
Bold Commerce and PayPal struck up a partnership that will better integrate payments into more checkout experiences. Using Bold Commerce’s headless checkout tool, retailers can place a point-of-sale wherever shoppers interact, including on blogs, within social media, and even on the packaging of a physical good. The new solution is available in Bold Commerce’s Checkout Read more…
Payments platform Trustly announced a strategic partnership with Sweden’s Nordnet. The partnership will enable Nordnet customers to easily and securely deposit funds using Trustly pay-ins. Trustly, which made its Finovate debut at FinovateEurope 2013, was acquired by Nordic Capital in 2018. A new strategic partnership between open banking, account-to-account (A2A) payments platform Trustly and Nordnet Read more…
Ping Identity has forged a partnership with device identification platform Fingerprint. The partnership will integrate Fingerprint’s device identification technology into Ping Identity’s identity orchestration service, DaVinci. Ping Identity made its Finovate debut in 2016 at FinovateEurope in London. Ping Identity, which made its Finovate debut at FinovateEurope in 2016, announced a partnership with U.S.-based identity Read more…
FNZ has acquired digital fixed income trading company YieldX. The acquisition will combine FNZ’s investment platform, which represents more than 20 million investors across the globe, with YieldX’s digital infrastructure. Terms of the deal were not disclosed. Wealth management firm FNZ snapped up some new tech talent today with the acquisition of digital fixed income Read more…
What are the biggest obstacles to digital transformation in banking and financial services? For Leda Glyptis, self-described “recovering banker” and author of the new book, Bankers Like Us: Dispatches from an Industry in Transition, the fault lies not in the stars, but in bankers themselves. Fortunately, Glyptis sees bankers as the solution, as well. “For Read more…