Banking Infrastructure

Open banking startup Railsbank has announced that it has launched in the US and that it has already signed up digital banking platform Unifimoney as its first customer.

Growers Edge Financial has raked in $40m for its Series B round, which will help it to grow into new markets in the US.

Data and analytics platform AccessFintech is looking to capitalise on the drive on digitalisation caused by the pandemic, after the close of a $20m round.

Deutsche Bank and Google Cloud have joined forces by forming a strategic partnership that aims to redefine how the bank develops and offers its financial services.

WEX, which builds simplified payment systems for businesses, has closed a $400m investment from private equity firm Warburg Pincus.

Holvi customers can now use their cards again after the Finnish digital banking service for freelancers suspended its services on the back of the Wirecard scandal.

Axiata Digital, the digital service division of telecommunications conglomerate Axiata Group, has received $70m in funding to support the growth of its digital financial services.

Germany-based solarisBank AG has closed its Series C round on €60m, with HV Holtzbrinck Ventures leading the round.

Last week the UK's top financial markets watchdog ordered Wirecard to freeze all of its regulated activities in the country. Now it has lifted the ban.

Getting accepted for credit at traditional banks is not always easy for influencers, but that is a problem Karat is trying to solve.