WealthTech

Mastercard has introduced a new badge that will be used to identify cards made through more sustainable plastics.

Mexico City-based open finance API platform Belvo has raised $ 43m in a Series A funding round, touting it as “the largest ever Series A for a FinTech company in Latin America.”

Computer Services Inc (CSI) will participate in the FedNow pilot program with the aim of increasing the adoption of instant payments in the US.

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

Rural FinTech startup which provides digital financial services for online and offline, income-generating, rural commerce transactions Jai Kisan has raised $30m in a combination of equity and debt in funding led by Mirae Asset.

While Covid-19 continues to haunt us, the FinTech industry continues to rake in millions of dollars. Neobanks and cybersecurity companies were the top-scoring sectors to raise investment among the 42 rounds that FinTech Global reported on last week.

Ikigai, which claims to bring self-care to personal finance, has closed its crowdfunding campaign 158% higher than its target.

A Bank for International Settlements (BIS) survey has found US citizens trust banks more than FinTechs, government agencies and Big Data to protect their personal data.

Columbian buy now, pay later (BNPL) firm Addi has snared $65m in debt and equity funding.

Mexican card and spend management company Clara has closed a $30m Series A round led by DST Global Partners.