Winter officially begins at the weekend for most of us, and the seasonal, year-end holidays are right around the corner.
This week on Fintech Rundown we will start with news of a major acquisition in the supply chain finance space, and some fundraising in fields from wealth management to crypto.
Payments
FIS agreed to take supply chain finance platform Demica in a deal estimated to be worth $300 million.
MasterCard colleagues with Riyad Bank subsidiary Jail to promote payment modernization in Saudi Arabia.
Card.com together with Visa on introduction Visayan Direct Cross-Border Payments.
MessagePay and not COMPANIONS to infuse collections with advanced payment technology.
Pioneer FCU CHOOSES said Payfinia Instant Payment Xchange for real-time payments.
Wealth management
The UK based investment platform Smart Alpha make retail investors to buy and sell corporate bonds.
KITCHEN raised $29 million in Series C funding to leverage its platform that gives investors access to US Treasury bills.
B2B wealthtech platform All funds REFLECT its AI-powered navigation assistant, THEN.
Personal financial management
US based PFM app Meanwhile secured $200 million in funding from Andreessen Horowitz, Wellington Management, Avenir, General Catalyst, and Cross River.
Crypto / DeFi
The stablecoin company based in Nigeria, cross-border Juicyway locked in $3 million in pre-seed funding.
Cryptocurrency Exchange Bitget looking to build a regional European hub in Lithuania.
Ripple launching RLUSD Stablecoin after landing NYDFS approval.
Digital banking
TB Uzbekistan launching its digital-only business banking platform.
Raisin UK. ANOTHER with Salt Edge to improve open banking compliance and customer experience.
Tyme Group RECEIVES $250 million in a Series D round led by NuBank’s Nu Holdings.
Plingit exceeded $2 billion in deposits.
Insurtech
CU Finance Group and insurtech company Definitely introduce SimpleQuotea digital insurance solution for credit unions.
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