Banking Infrastructure

Egyptian FinTech platform MNT-Halan has secured $400m in funding, making it the largest investment in Egypt and the Middle East over the past 12 months.

Bud, an open banking and data intelligence leader, has secured funding from TransUnion to drive innovation and growth in open banking.

Treasury Prime, an embedded banking software platform, has collected $40m in its Series C funding round, which was led by BAM Elevate.

The majority of consumers do not trust open banking with their financial data and are cautious about how their data is used, recent research has revealed.

Scaleup Finance, a Danish FinTech company offering financial management technology, has reportedly raised the biggest seed round in the country’s history.

US-based Core10, which offers lending and account opening products, has raised $6.5m in its Series B funding round.

Banking-as-a-service (BaaS) and embedded finance have become two of the biggest buzzwords/solutions. However, there seems to be a confusion about how they differ from one another.

Money View, an Indian FinTech company, has raised $75m in Series E funding, valuing the company at $900m.

Backbase, which is on a mission to re-architect banking around the customer, has named Mark Appel as its new chief marketing officer.

Akulaku, a banking and digital finance platform in Southeast Asia, has received a $200m investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG).