The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 25 July 2024.
Partnerships and collaborations
Liberis, a global embedded finance platform, announced a partnership with European payments company, Nexi, to launch revenue-based financing into Germany. Nexi Financing, powered by Liberis, will provide 120,000 merchants with the flexible funding options they need to maintain and grow their businesses.
Etraveli Group, a global travel agent service platform, and travel payments company, Outpayce from Amadeus, are partnering to combat fraud in the travel industry with Etraveli Group’s new risk management solution.
Thredd, a global payments processor, has signed a US processing agreement with Spendbase, a software subscription management platform backed by Google. This collaboration marks Thredd’s second US client and signals Spendbase’s market expansion into North America.
D•One, the open banking business unit from The ClearScore Group, has announced a partnership with British bank, Zopa Bank. The integration will see Zopa Bank add D•One to its roster of partners that provide open banking connectivity and transaction categorisation intelligence.
Company updates
SavvyMoney, a company powering credit score solutions, announced a new solution, Get My Rate, the first personalised offer automation tool designed exclusively for financial institutions.
Credit app, TotallyMoney has launched a new open banking insights tool to help the UK’s 23 million under-served adults improve their affordability and access better offers of credit.
Milan-headquartered international banking group, UniCredit has announced that it has entered into a binding agreement to acquire the entire share capital of Vodeno and Aion Bank, commercial partners providing BaaS solutions to European companies.
Castles Technology, a Taiwanese provider of Android payment acceptance technology, has announced it’s expanding its international reach to Latin America and Oceania to offer its expertise and solutions to a greater number of merchants.
Funding and investments
Gcore, the global edge AI, cloud, network, and security solutions provider, announced it has secured $60million in Series A funding from institutional and strategic investors.
Curql, a collective of credit unions jointly investing in fintech, has added ModernFi to its investment portfolio. This investment marks a significant milestone in establishing the first deposit network for credit unions and the first investment for Curql Fund II.
Rent2Cash, the first Italian start-up to bring “rental advance” services to landlords, has closed a €3million pre-seed round and has launched its operations in Italy.
Egypt’s first fintech unicorn, MNT-Halan, a fintech ecosystem providing Egypt’s underbanked with financial services, has secured $157.5million in funding for its regional expansion plans.
Saudi Arabia-based micro-consumer finance fintech TechMal has raised $1million in a pre-seed investment round, led by Al Majidiya Investment Company alongside other investors.
Appointments
Global fintech company Acrisure announced that John Tuttle, currently vice chairman of the New York Stock Exchange, will join Acrisure as President to help Acrisure define a modern approach to client service in financial services and insurance.
BlueMatrix, a publisher of investment research, has announced two major C-suite appointments. Its new chief financial officer, Ben McFadden, and new chief revenue officer, Bryan North-Clauss, have over 40 years of combined experience in scaling software companies within the financial services landscape.
Domain Money, a flat-fee financial planning platform, has appointed technology veteran Kyle Sausser as its head of growth advancing its efforts to bring actionable, personalised financial planning advice to everyday Americans.
Cytora, a configurable risk platform, has announced the expansion of its global advisory board in welcoming insurance industry veteran Laurent Rousseau. The move is designed to support Cytora’s global growth.
One Nexus Group, a technology solution and professional services provider for the automotive industry, has announced the appointment of Grant O’Hara as its head of commercial development. With close to 40 years of experience, Grant’s role will involve identifying potential business opportunities and raising One Nexus’ profile within the automotive industry.
Nova Credit, the credit infrastructure and analytics company, appointed Nichole Mustard, co-founder and former chief revenue officer of Credit Karma, to its board of directors.
S64, a alternative fintech and solutions partner to the wealth management industry, has announced the appointment of Andy Gent as global chief operating officer. His appointment bolsters S64’s executive team as the firm prepares for its next phase of growth.
PayU GPO, an online payment service provider, has appointed Simona Covaliu as chief risk officer, bringing over 18 years of experience to the role.
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