Banking Infrastructure

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

Singapore-headquartered Silot has netted $2.87m in its pre-Series A funding round from Arbor Ventures and Eight Road Ventures.

UK-based circular economy platform Twig has received an investment from Global Blue Ventures, just months after it closed its Series A on $35m.

London-based TrueLayer has just received a major vote of confidence for its open banking API platform.

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.

The last year was full of challenges, but banks across the world will have plenty of hurdles to overcome in 2021 too.

US Auto FinTech MotoRefi has closed a $45m Series B round led by Goldman Sachs Asset Management’s Growth Equity team.

Digital payments infrastructure platform Extend has secured $40m from a Series B fundraising round.

Bangalore-based neobank Open has launched a no-code embedded finance platform called Zwitch, according to a report by FinTech Futures. Zwitch handles the banking partnerships, compliance...

Applying for a mortgage might become easier at TSB Bank in the future as the company has decided to leverage FinTech firm Iress’ technology.