Banking-as-a-service platform Jumo nets $120m in funding
South African banking-as-a-service (BaaS) company Jumo has bagged $120m from a recent funding round co-led by Visa, Fidelity Management and Kingsway.
ZenBusiness to propel the future of US entrepreneurism following funding
ZenBusiness, the platform that strives to empower entrepreneurs, has secured $200m in Series C funding led by Oak HC/FT and SoftBank.
Why FinTecSystems is betting on open banking in the financial crime fight
Founded in 2014, FinTecSystems is specialised in open banking infrastructure and data analysis to help companies make data-driven and automate decisions. At a time when companies are scrambling to protect their assets from criminal actors, could FTS’ open banking infrastructure be a flood barrier against the rising wave of financial crime?
Wrapbook exceeds $1bn valuation after fundraise
Wrapbook, which provides payroll technology to the entertainment industry, has collected $100m in its Series B funding round.
MFS Africa raises funds for its payments-without-borders vision
Digital payments network MFS Africa has raised $100m in Series C funding, marking another milestone in the company’s expansion.
Productfy collects Series A to expand its list of partnerships and integrations
Productfy, a banking as a service platform that offers embedded financial products, has raised $16m in its Series A funding round.
Accenture report reveals banking’s untapped potential
According to a recent report from global professional services company Accenture, banks could increase annual revenues by almost 4% by embracing innovative business models of digital-only banking and financial services.
QI Tech lands $50m Series A funding to better serve Latin America
Brazil-based QI Tech, a FinTech that provides a range of financial services through APIs, has raised $50m in Series A funding.
Accrue Savings reels in $4.7m from seed funding raise
Consumer savings platform Accrue has inked $4.7m from a seed funding round led by Twelve Below.
Freelancer-focused neobank Lili snares $55m in Series B round
New York-based neobank Lili has raised $55m from a Series B funding round led by Group 11.