Fintech Rundown: An Inspiring Weekly News Review

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.

Photo by Brigitte Tohm

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