Infrastructure & Enterprise Software

A study conducted across ten European countries by Mastercard has found the UK and the Nordics are the most well-suited for the growth of open banking across the continent.

Teen-focused fintech startup FamPay raised $38m in a Series A funding round, led by Elevation Capital and major participation from existing investor Sequoia Capital India.

Novo, which claims to be a simple small business banking platform, has netted $40.7m in its Series A funding round.

Guideline, which designs affordable retirement plan solutions for small and medium-sized businesses, has bagged $200m in funding.

French mobile payments company Lydia has partnered with compatriot FinTech Cashbee to add saving accounts to its platform.

Payments solutions provider Checkout.Com has purchased Estonian software development firm Icefire for an undisclosed fee.

Debt capital raise and management solution Finley has bagged $3m in seed funding, alongside launch of credit facility management tools.

US business platform Hello Alice has raked in $21m from a Series B funding round led by QED Investors.

US FinTech startup B9 has raised $1.7m from a pre-seed funding round to help provide interest-free payroll advances for unbanked people.

UK-based banking technology firm 10x Future technologies closed a $187m in Series C financing round co-led by funds managed by BlackRock and Canada Pension Plan Investment Board (CPP Investments).