Buy Now Pay Later (BNPL)

Egyptian FinTech Valu has announced that it has closed its sixth securitised bond issuance worth $29.8m.

Egyptian FinTech Valu closes sixth issuance in a securitised bond offering

Egyptian FinTech Valu has announced that it has closed its sixth securitised bond issuance worth $29.8m.
Saudi Arabia's Tamara raises up to $150m from Goldman Sachs

Saudi Arabia’s Tamara raises up to $150m from Goldman Sachs

Tamara, a shopping and payments platform in Saudi Arabia and the GCC region, has secured $150m in a receivables warehouse facility from Goldman Sachs.
Singaporean B2B BNPL provider actyv.ai nets $12m

Singaporean B2B BNPL provider actyv.ai nets $12m

Singapore-based B2B BNPL and insurance player actyv.ai has collected $12m in its pre-Series A funding round, as it explores global expansion efforts.  
B2B BNPL FinTech Hokodo extends Series B with support from Citi

B2B BNPL FinTech Hokodo extends Series B with support from Citi

B2B BNPL and digital trade credit solution developer Hokodo has extended its Series B round with an undisclosed investment from Citi.
Marqeta and Scalapay have agreed a partnership which is set to deliver BNPL capabilities across Europe.

Marqeta and Scalapay partner to deliver BNPL across Europe

Marqeta and Scalapay have agreed a partnership which is set to deliver BNPL capabilities across Europe.
Koverly unveils unique Pay in 30 platform, eyes $70m in new loans

Koverly unveils unique “Pay in 30” platform, eyes $70m in new loans

Koverly, a global B2B payments solution providing payment flexibility alongside reduced foreign exchange rates, has introduced KoverlyPay, a novel buy now, pay later (BNPL) service.
Saudi FinTech Tabby achieves $1.5bn valuation after latest fundraising

Saudi FinTech Tabby achieves $1.5bn valuation after latest fundraising

Saudi Arabia's Tabby, a leading buy-now-pay-later firm, is making headlines with its recent valuation and funding accomplishments.
digital-payment-platform-kasheesh-welcomes-star-studded-funding-round

Digital payment platform Kasheesh welcomes star-studded funding round

Kasheesh, which claims to be a first-to-market digital payment platform, has increased its total capital raised to $8.5m, with backing from high-profile investors.
B2B-payments-startup-Mondu-extends-Series-A

B2B payments startup Mondu extends Series A

B2B payments company Mondu has extended its Series A funding round by $13m, as it looks to bolster its market growth.
Will BNPL thrive or fail in high interest, high inflation market?

Will BNPL thrive or fail in high interest, high inflation market?

Buy now, pay later (BNPL) providers have thrived in a low interest and inflation market. As the market shifts the other way, will BNPL be in a fight for survival?
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National Bank of Iraq empowers digital transformation with Temenos’ core banking system

National Bank of Iraq empowers digital transformation with Temenos’ core banking system

National Bank of Iraq (NBI), a significant component of the Capital Bank Group, has partnered with Temenos, a Swiss-based software company that specializes in banking and finance software, serving a global clientele with innovative FinTech solutions.
Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments. NBI, which has 27 branches across Iraq, offers a comprehensive range of services to individuals and businesses in the country. Since 2005, NBI has been majority owned by Capital Bank, one of the top financial institutions operating in the Jordanian and regional markets, with assets of approximately JOD 7.6 billion[1]. With this implementation, NBI moved from its legacy systems onto the same core banking platform as other entities in the Capital Bank Group. This will enable NBI to operate more efficiently and integrate seamlessly with other systems to develop new products faster and deliver an improved customer experience. Capital Bank Group is a long-standing Temenos customer with other entities in the Group including Capital Bank of Jordan, Bank Audi, Société Générale Bank Jordan and NBI Saudi Arabia, already on the Temenos platform. NBI also becomes the first part of the group to adopt Temenos Payments, which enabled the bank to process more than 100,000 transactions of incoming and outgoing domestic and international payments in the first 15 days of operation, with a 99% straight-through processing rate. The migration to the Temenos platform for core banking and payments at NBI was completed in under 12 months thanks to Temenos’ pre-configured banking and payments capabilities and APIs which reduced the need for complex customizations, as well as close collaboration between Temenos, NBI, Capital Bank and delivery partner ITSS. This success was recently recognized in the IBS Intelligence Innovation Awards, with Capital Bank winning ‘Best Implementation of Core Banking Services'. The implementation at NBI follows several other successful transformation projects with Temenos for Capital Bank in the last few years, including the launch of NBI’s branch operations in Saudi Arabia in just 45 days, as well as the integration of Bank Audi and the former Jordanian operations of Société Générale, each of which was achieved in under four months. Collectively, these projects helped Capital Bank to increase operational efficiency by more than 50% within three years, bringing significant cost savings and an improved customer experience. With faster, more accurate processing and immediate service requests, the bank has maintained high customer retention rates and a reputation for service excellence. Izzidin Abusalameh, Chief Operations Officer, Capital Bank Group, commented: “This achievement marks a significant milestone in our digital transformation journey and positions us as a leading player in the banking industry. We have seamlessly transitioned the National Bank of Iraq to a cutting-edge core banking system which will not only enhance operational efficiency but also support providing our customers with a superior digital banking experience. Our continued partnership with Temenos has not only provided us with an advanced technological platform but has also facilitated a culture of flexibility and adaptability, enabling us to execute our ambitious growth plans.” Lee Allcorn, Managing Director, Middle East & Africa, Temenos, said: “Congratulations to National Bank of Iraq and the Capital Bank team on this successful implementation that gives NBI business agility and the same modern technology platform and ability to deploy fast with pre-configured banking capabilities as the rest of the group. With Temenos, Capital Bank Group is future-ready, and we are proud to support them as they continue to innovate and leverage our platform to grow sustainably and enhance the banking experience for customers.”

Flutterwave teams up with Acquired.com to streamline outward remittances in EU and UK

Flutterwave, Africa’s leading payments technology company, and Acquired.com, a specialist in payment processing, have entered into a strategic partnership.
Sublime Security secures $20m in Series A funding to enhance AI-powered email security

Sublime Security secures $20m in Series A funding to enhance AI-powered email security

Sublime Security, an AI-powered, programmable email security platform, has successfully raised $20m in a Series A funding round.
Canadian FinTech firm Qohash secures $17.4m for AI data security expansion

Canadian FinTech firm Qohash secures $17.4m for AI data security expansion

Qohash, a leader in data security software, today announced it has secured $17.4m in Series B funding.
Northern Arc secures $80m boost from IFC, enhancing financial inclusion in India

Northern Arc secures $80m boost from IFC, enhancing financial inclusion in India

Northern Arc, a diversified non-banking financial company (NBFC), proudly announces securing an investment of $80m from the International Finance Corporation (IFC), a member of the World Bank Group.
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