Why Wealthsimple and CyberTech success stories stood out among the 25 FinTech rounds raised...
CyberTech ventures, Deadpool-backed enterprises, and InsurTech startups are among the big winners of the 25 FinTech funding rounds reported last week.
American Express, Tink enter European banking partnership
American Express has teamed with Swedish open banking business Tink to bolster the latter’s onboarding process for new card members.
Mastercard, Billetera team to provide digital payments in DR Congo
Payments giant Mastercard has collaborated with Billetera to offer digital payments to consumers in the Democratic Republic of Congo (DRC).
Novus to launch beta banking app as it prepares for summer roll-out
UK-based banking company Novus is due to launch its beta banking app in the coming weeks before introducing the product to the wider public in summer 2021.
Virginia VC closes seed, pre-seed fund to support LatAm FinTechs
Virginia-based venture capital enterprise Qed Investors has concluded a $12m network-driven fund to bolster seed and pre-seed FinTech companies in Latin America.
Debt management platform Spinwheel hauls in $11m in fresh capital
Student Debt Solutions provider Spinwheel secured $11m in its first round of financing led by QED Investors with the aim to help Americans get out of debt sooner.
EBA launches consultation on money laundering, terrorism financing in the EU
The European Banking Authority (EBA) has introduced a public consultation on a database on anti-money laundering and countering terrorism financing (AML/CFT) in the EU.
More vigorous action needed on money laundering, BaFin tells Deutsche Bank
German financial regulator BaFin has told banking giant Deutsche Bank it needs to introduce stronger action on money laundering.
Bill.com acquires spend management company Divvy in $2.5bn deal
Cloud-based financial operations management platform Bill.com has acquired spend management unicorn Divvy in a $2.5bn deal.
InvestCloud acquires Advicent to help bridge the advisor-client communication gap
Cloud-based financial solutions developer InvestCloud has acquired Advicent, a provider of cash flow, trust and tax financial planning.
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