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Digital payments alone could become a $100 trillion industry, according to PwC. And that’s just one component of the global Fintech industry. This channel tackles the lenders and buyers, the obstacles and achievements, and the trends and trend makers leading the ongoing technological evolution in global finance.

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FinTech: Lloyds To Acquire Stake In Loyalty App Bink

January 4, 2022

Lloyds Banking Group (LON: LLOY), Britain’s biggest mortgage provider, will acquire a minority stake in loyalty app Bink, according to a report by Sky News for an undisclosed amount that may run into millions of pounds. It was also not known how much the transaction valued Bink.

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FinTech: Brex Wins ‘Decacorn’ Badge, Scores $300M Raise

October 22, 2021

Anonymous sources have confirmed to TechCrunch that fintech Brex has signed off on a term sheet for a $300 million fundraise led by Greenoaks and joined by existing investors. The sources said San Francisco-based Brex was valued at $12.3 billion after investors were impressed with its business momentum given that the fintech is expected to double its turnover this year.

FinTech: Wells Fargo Invests $10M In Cloud Payments Provider Volante

October 21, 2021

Volante Capital, a provider of cloud payment services and financial messaging, announced Wednesday an investment of $10 million by Wells Fargo Strategic Capital. Wells Fargo joins Wavecrest Growth Partners, BNY Mellon, Citi Ventures, PostePay and Visa Inc, the investors in Volante’s previous $35 million round held in August 2020.

FinTech: PayPal Looking To Acquire Pinterest At $70 Per Share

October 20, 2021

PayPal Inc (NASDAQ: PYPL) sounded out Pinterest (NYSE: PINS) recently on a takeover, Bloomberg reported. The two companies are said to have considered a potential price of $70 per listed Class A share.

Venture Capital: News From All Over

October 20, 2021

UP.Partners, a transportation-focused venture firm backed by investors including Alaska Air Group, ARK Invest Founder and CEO Cathie Wood, and Toyota subsidiary Woven Capital, announced its close of the inaugural $230 million early stage venture capital fund.

FinTech: German Fintech And Banking Challenger N26 Raises $900M At $9B Valuation

October 19, 2021

N26 GmbH, the German fintech that is challenging banks on their turf, announced Monday a raise of over $900 million in a round led by Third Point Ventures and Coatue Management, with participation by Dragoneer Investment Group as well as existing N26 investors. N26 said the “record-breaking” round valued it at more than $9 billion, placing it within the top 20 global fintechs, and the most valuable one in Germany.

FinTech: Virgin Money Offers Free ESG-Tracking App And Sustainability Loans To UK Businesses

October 18, 2021

The Virgin Money Sustainability Business Coach is a free app available to all UK businesses, not just Virgin Money customers, designed to help them with sustainability goals by measuring, tracking, and offering guidance on improving their Environmental, Social, and Governance (ESG) credentials.

FinTech: AeroPay And Jane Tie-Up To Offer Online Payments For Cannabis

October 15, 2021

AeroPay and Jane Technologies announced Thursday a partnership to enable online payments via AeroPay across 36 U.S. state markets where cannabis is legal. More than 2,100 dispensaries and 300 companies sell through Jane’s online platform.

FinTech: Standard Chartered Forays Into Asian BNPL With Atome

October 14, 2021

Standard Chartered Bank (LON: STAN) has dipped its toes into Asian BNPL waters and signed a 10-year collaboration on financial services with Singapore’s Atome Financial, a unit of the Advance Intelligence Group. The Bank is making an equity investment in Atome, a BNPL platform focused on markets in Southeast Asia, as well as in Indonesian digital lending platform Kredit Pintar. It will also provide $500 million in financing to Atome.

FinTech: Lendable Launches $100M Fintech Fund For MSMEs In Emerging And Frontier Countries

October 13, 2021

Lendable Inc, a fintech that provides credit to fintechs in emerging markets, announced Tuesday the launch of a $100 million closed-ended fund focused on emerging and frontier market fintech investments. The fund would provide credit to African and Asian fintech companies, who in turn offer fair credit facilities to over 150,000 Micro, Small, and Medium Enterprises (MSMEs).

FinTech: Yieldstreet Offers Venture Capital Opportunities To Retail Investors

October 8, 2021

Digital alternative investment platform Yieldstreet announced Thursday the launch of its new venture capital focused platform that allows retail investors exposure to private companies and start-ups that are disrupting existing sectors of creating entirely new ones. The move reflects the increasing demand for alternative investments to be made available easily to retail investors. Returns on venture capital in 2020 were more than 50% and have averaged 32% over the past 25 calendar years.

FinTech: BNPL Tie-Ups Are The Flavor Of The Season – Affirm Shares Flare 20% After Target Deal

October 7, 2021

USA Today broke the story Wednesday that Target Corporation (NYSE: TGT) is offering its shoppers instalment payment (BNPL) options from Affirm (NYSE: AFRM) and Sezzle (ASX: SZL) ahead of the holiday season.

FinTech: Walmart Has Saved Customers $2.4B On Money Transfers Since 2014

October 5, 2021

Walmart (NYSE: WMT) launched a Walmart2Walmart money transfer service back in 2014. The service – 50% cheaper than competitors – was a low-cost, white label money transfer service that later forced rivals to lower their remittance fees. The retailer announced today that it has saved customers more than $2.4 billion in fees till date, and more than $6 billion if one included the savings at its competitors through Walmart’s price actions.

FinTech: Timelio Raises $270M Debt Warchest To Scale Invoice Funding

October 4, 2021

Melbourne-based fintech Timelio has raised a $270 million warehouse funding facility led by Goldman Sachs (NYSE: GS) as the senior lender. The facility allows Timelio to scale funding to businesses in need of cash flow, and also lower its overall cost of financing.

FinTech: Validity Finance, A Legal Dispute Funder And Alternative Asset Manager, Raises $70M

October 1, 2021

Validity Finance is a commercial litigation finance company with nearly $150 million of assets under management. The company has raised a new managed “sidecar” fund of $70 million from a major family office, its existing private equity investors as well as other third-party investors.

FinTech: Construction Fintech Built Technologies Lands $125M In TCV-Led Round

September 30, 2021

Built Technologies, a fintech focused on construction finance, has raised $125 million in a round led by TCV with Brookfield Technology Partners, 9Yards Capital, HighSage Ventures and XYZ Venture Capital participating. Existing investors including Lee Fixel’s Addition, Fifth Wall and Index Ventures also chipped in.

FinTech: New, Innovative BNPL Solutions

September 29, 2021

The global craze for buy-now-pay-later has triggered a chain of deal-making from Square-Afterpay, Affirm-Amazon to PayPal-Paidy. On Tuesday, card giant Mastercard (NYSE: MA) announced its “Installments” BNPL solution. So, BNPL is breaking out, and here are some interesting variations on the theme.

FinTech: Mastercard Enters BNPL Fray With ‘Installments’ Product

September 28, 2021

Credit cards have a new rival in BNPL, and on Tuesday, global card giant Mastercard announced its own instalments product for the U.S., Australian and U.K. markets. BNPL has become a highly competitive fintech sector marked by extensive deal-making between large companies eager to muscle into the space.

Fintech: Oraan, Pakistan’s First Women-Led, Women-First Fintech Startup, Raises $3M

September 27, 2021

Oraan, which is on a mission to make money simple for everyone, especially women, announced the raise of a $3 million seed round co-led by Zayn Capital and Wavemaker Partners, with participation from Resolution Ventures, i2i Ventures, Hustle Fund, Haitou Global and Plug and Play.

FinTech: UK-Based Prodigy Finance Lands $750M To Make Student Loans

September 24, 2021

Prodigy Finance has struck a deal with CPP Investments for funding of $500 million to enable loans to students in new countries including China, Bangladesh and Chile. Applications for loans from international students are up 50% year-on-year. The funding will be offered via CPPIB Credit Investments Inc., CPP’s wholly owned subsidiary.

Alternative Investments/FinTech: Roundhill To Launch ETF For The “Digital Payment Universe”

September 24, 2021

Roundhill Investments will soon launch the Roundhill Digital Payments ETF (PAYY) which will invest in companies that are a part of the so-called “digital-payment universe” as defined by the Roundhill Digital Payments Leaders Index.

FinTech: The Klarna-Vivid Seats Tie-Up To Offer Event Tickets On ‘Pay Later’ Basis

September 23, 2021

Global fintech Klarna and event tickets platform Vivid Seats today announced a partnership to offer a flexible payment facility at checkout to fans buying tickets. The companies are looking forward to a revival in demand for tickets to live, in-person sporting, concert, and entertainment events. A Klarna survey found that 69% of consumers plan to attend in-person events in the next six months and 70% are willing to spend more now than they would have prior to the pandemic to have a memorable in-person entertainment experience.

FinTech: JPMorgan Chase Acquires College Financial Planning Platform Frank

September 22, 2021

JPMorgan Chase & Co (NYSE: JPM) has acquired Frank, a very popular college financial planning platform for undisclosed terms. Frank enables students to locate, apply and obtain financial aid, find scholarships, and enroll in online courses. According to CNBC, JPMorgan bought up the fintech to enhance relationships with students and their parents.

FinTech: Assets, A New Product From Wise, Lets You Spend From Your Stocks Portfolio

September 21, 2021

Wise (LON: WISE), the UK payments fintech previously known as TransferWise, has taken its first steps into investing solutions. Its Assets product allows users to invest in stocks but also have access to liquidity via a spending limit of up to 97% of the value of the portfolio.

FinTech: Nigerian Fintech Startup Infibranches Raises $2M

September 20, 2021

Nigerian startup Infibranches Technologies has received funding of $2 million from All On, an impact investing organization backed by Shell (NYSE: RDS.A). Infibranches will use the funds for customer acquisition, improvement of its product lineup and for introduction of new products and services to address energy distribution issues.