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In February 2024, Piermont Bank and Sutton Bank each became subject to consent orders issued by the Federal Deposit Insurance Corp.
BaaS, fintech, consent, regulation, AML
Global fintech company Sopra Banking Software (SBS) has joined the Amazon Web Service ISV Accelerate Programme to drive new business and accelerate sales cycles.
banking, digitalisation, artificial intelligence, cloud banking, data
Settle and Cin7 have partnered to launch Pay with Settle, an embedded vendor payment solution for Cin7 Core users.
payments , product launch, partnership, transactions , embedded payments
Singapore-based B2B embedded finance startup Fairbanc has received USD 13.3 million in debt financing to expand operations in Indonesia.
BNPL, debt facility, expansion, credit scoring, SMEs
Netherlands-based financial services provider Mollie has announced the launch of Mollie Capital in the UK to provide retailers with up to GBP 250,000 in financing for growth.
lending, funding, expansion, SMEs, retail
Hong Kong-based fintech FundPark has secured a USD 250 million private loan with Goldman Sachs as a senior facility provider.
funding, investment, SMEs, cross-border ecommerce
US-based Kindcard has announced that it signed a letter of intent with paytech banking platform Acepay, with a potential acquisition of OpenTransact.
partnership, acquisition, digital wallet, banking, payments , financial services, financial institutions
US-based Trinity Capital financial solutions company has committed to providing USD 30 million in growth capital to Cart.com, a provider of unified commerce and logistics solutions.
investment, funding, partnership, marketplace, ecommerce
France-based financing platform Unlimitd has announced that it secured a EUR 100 million investment from Absolute Capital Partners (ACP).
investment, financial services, financing , partnership, online banking, ecommerce
Sweden-based fintech Treyd has announced the launch of its ‘sell first, pay for suppliers later’ solution to inventory SMEs across Ireland.
SMEs, financing , B2B payments, cash flow, expansion
Taulia, a provider of solutions for managing working capital, has expanded its global multi-funder network by incorporating the Bank of China London Branch and BNP Paribas.
cash management, supply chain finance, partnership, funding, risk management
Singapore-based revenue-based financing and growth platform Choco Up has partnered with Bueno and Allianz Trade.
partnership, ecommerce, BNPL, B2B payments
UK-based fintech Uncapped has announced the successful closure of a GBP 200 million debt facility from Fortress Investment Group.
lending, funding, debt facility, fintech
Mastercard has partnered with Bizom in order to provide micro retailers and distributors in India with optimised digital supply chain financing solutions.
partnership, supply chain finance, credit access, mobile banking, online banking, digital banking, financial services, financial institutions
US-based fintech Galileo has partnered with Mastercard to allow lenders to offer small businesses (SMBs) flexible financing options via Mastercard Instalments.
BNPL, B2B payments, instalment payments, partnership, SMEs, lending
Vero Technologies, a wholesale financing technology and loan servicing platform, has announced the close of its Series A funding round, led by venture capital fund BankTech Ventures.
funding, financing , lending, Open Banking
US-based Mast General Store has leveraged its partnership with retail software company Celerant and partnered with tax compliance provider Avalara.
partnership, expansion, compliance, paytech, fintech, financial services, POS, checkout optimisation , tax bill
Global fintech SumUp has entered a USD 100 mln credit facility with Victory Park Capital (VPC) to accelerate its merchant Cash Advance product.
debt facility, merchants, financing , SMEs, POS
Wearable authentication solutions supplier Token has announced the start of production for its smart ring in the US.
multi-factor authentication, biometric authentication, NFC, biometrics, digital identity
Payment solutions provider PayTabs has announced a partnership with revenue-based financing platform FlapKap to further the growth of UAE ecommerce merchants.
partnership, SMEs, funding, ecommerce, payments , payment processing, e-invoicing, fintech, PSP, payment gateway, mobile payments, QR payments, capital, payment methods, digital wallet, credit card, debit card