Banking Infrastructure

India-based FinTech unicorn Pine Labs raised $285m in a new round of funding which valued the firm at $3bn.

US edge cloud service provider Zenlayer has closed a $50m Series C financing round led by Anatole Investment.

Canadian FinTech company Nuula has introduced its beta mobile app with a mission to ‘help small businesses succeed’.

FinTech offering LatAm businesses access to growth capital Divibank closed a $3.6m round of seed funding led by San Francisco-based Better Tomorrow Ventures and Village Global which includes Bill Gates, Jeff Bezos and Mark Zuckerberg as investors.

CA-based Banking as a Service (BaaS) company Treasury Prime completed a $20m Series B insider round.

CA-based all-in-one back-office platform for self-employed people Collective gathered $20m in Series A funding.

President Joe Biden has signed an executive order aimed at bolstering US cybersecurity defences following the Colonial Pipeline.

Sanlo, which builds financial products to help gaming and app companies to run a “healthy and sustainable business”, has scored $3.5m in funding.

FinTech firm Tide entered into a partnership with cloud business management solutions provider Sage with an aim to offer an integrated banking and accounting product for its members.

American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.