United Fintech Acquires Stake in US founded Athena Systems, Plans Other Key Acquisitions
By Omar Faridi
crowdfundinsider.com
1 day ago
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FundThrough Acquires BlueVine’s Invoice Factoring, Transactions Predicted to Rise 2X
an invoice payment fintech platform, this week announced the acquisition of BlueVine’s invoice factoring business. The company said the acquisition fast tracks the company’s strategic focus on embedded finance and its expansion efforts in the U.S. market, doubling the number of U.S. clients that will rely on FundThrough. All BlueVine invoice funding division employees are joining FundThrough as part of the transaction.
UBS Fintech Portfolio Invests in Estate Planning Platform Trust and Will
(SWX: UBSG) announced that UBS Next, the company’s $200 million strategic Fintech portfolio, has invested in US-headquartered firm Trust & Will, a digital estate planning platform. Launched in October 2020, UBS Next identifies various opportunities within the start-up ecosystem and “further enhances UBS’s technology-driven growth through partnerships and strategic…
Indian Neobank Fintech Kaleidofin Finalizes $10M Series B Round led by Dell Foundation
The capital injection has now taken the total funding secured by Kaleidofin to $18 million. Existing institutional investors, Oiko Credit, Flourish Ventures, Omidyar Network, Blume Ventures and Bharat Fund also joined the investment round. Serving the underbanked Indian market, Kaleidofin provides goal-based savings accounts and payment service, machine learning-enabled credit…
Financial data provider MX has announced that Shane Evans has been appointed Interim Chief Executive Officer and member of the Board of Directors, effective immediately. Founder Ryan Caldwell has exited the CEO role and will transition to Executive Chair. The change is being led by Caldwell’s desire to spend more…
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the futures industry’s technology provider, has announced that it has established a London subsidiary as the firm scales and expands its operations. The London office, based in Paddington, is reportedly FIA Tech’s fourth office and the first outside the US, “following Washington DC, New York and Nashville.”
NinjaTrader Acquires Tradovate, a Cloud-based Trading Infrastructure Provider
a provider of trading software and brokerage services to active traders, reveals that it has acquired Tradovate Holdings, LLC, an online futures brokerage company and trading tech provider, for $115 million. Established in 2003, NinjaTrader is a retail futures broker supporting more than 500,000 traders with advanced trading software,…
a provider of capital markets and investment banking client relationship management solutions, and AML compliance and fraud prevention solutions, has appointed Megan Howe as MD, North America Sales. Howe will be responsible for “driving compliance software and buy-side CRM sales in North America, delivering a range of client lifecycle…
Activist Investing acquires 5.7% stake in Electro-Sensors
Activist Investing has acquired ~5.7% of the outstanding shares of Electro-Sensors (NASDAQ:ELSE). Electro-Sensors engages in the manufacture and sale of industrial production monitoring and process control systems. Activist Investing CEO David Elliot Lazar stated, “We are pleased to announce our significant investment in ELSE given the meaningful opportunity we believe…
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UK Fintech Monzo to Extend their Open Banking Gambling Block
UK-headquartered digital bank Monzo reveals that they’re opening up their Open Banking-powered gambling block to “all Open Banking providers, following a pilot last year with Truelayer.”. As mentioned in the update from Monzo, this extension will let all licensed UK Open Banking firms to “integrate with [their] block,…
Moven Helps TipHaus Launch Banking Challenger for Hospitality Industry
One of the most challenging or pressing issues facing service-oriented companies right now is retaining hardworking, motivated professionals. According to a study shared by The Washington Post, the hospitality sector has the highest quitting rates of any industry by a considerable margin. TipHaus aims to address this issue by establishing…
Digital Banking: Iraqi Middle East Investment Bank IMEIB Now Live with CapitalDigital
Is pleased to confirm the successful go-live of IMEIB on its digital banking platform, CapitalDigital. This implementation for IMEIB will provide their customers with a unique virtual banking and mobile banking experience. As mentioned in the update, the bank will enable its clients to save time allowing them to take…
UK Fintech Modulr Explains How Payments-as-a-Service is Helping the Travel Industry to Enhance CX
Software is “changing the world,” according to an update from UK Fintech Modulr. Modulr writes in a blog post that thanks to Cloud computing and the rise of SaaS (Software as a Service), businesses are now “powered by virtual services rather than having to invest in physical hardware.”
NEXT Insurance Names 20-Year Veteran Teodora Gouneva CFO
As CFO, Gouneva will drive the company’s financial operations and continue to scale its performance and management processes. “I’m very excited to join the dedicated team at NEXT who truly cares about helping unlock the potential of entrepreneurs and small businesses everywhere, and I’m looking forward to building on the company’s achievements in 2022 and beyond,” Gouneva said. “I am passionate about how technology and innovation can improve and advance age-old industries that people rely on everyday. NEXT’s mission to transform small business insurance for the good of their customers aligns incredibly well with my interests and expertise.”
Tandem Bank Acquires Manchester based Oplo, a Consumer Lending Platform
Tandem Bank has reportedly acquired consumer lending platform Oplo. The strategic acquisition has formed a combined business with £1.2 billion of total assets, £1 billion of funding and 171,000 clients being serviced by a UK-headquartered team of 500 professionals. Tandem was established back in 2014 as one of…
Fintech startup Hydr has developed its proprietary invoice finance platform to integrate with more Cloud accounting software providers such as Sage and QuickBooks. After launching “exclusively” with Xero back in May, the Hydr platform may now be accessed by many more SMEs in the United Kingdom who aim to “leverage their unpaid invoices to optimize cash flow and help fuel their growth,” according to an update shared with Crowdfund Insider.
Key IT acquisition, financial executives leaving GSA, HHS
The General Services Administration is experiencing the federal version of the “great resignation” first hand. Over the last month, three long-time GSA executives decided to retire or leave federal service. And just in the last week, GSA CFO Gerard Badorrek decided to return to industry after seven years at the agency.
Zilch Expands Parternship with Mastercard with BNPL Service
Zilch’s digital card is currently available in the UK and reports over 1.7 million customers in less than 15 months. Zilch initially announced a relationship with Mastercard in August of 2019 with a “retailer agnostic” BNPL service for its users. Zilch allows its customers to shop wherever Mastercard is accepted and spread their payment over six weeks for zero interest and zero fees.
which is India’s first crypto unicorn and claims to be the nation’s “safest” digital asset exchange, announced the appointment of Divakar Prayaga as SVP and Head of Information Security. As mentioned in an update shared with CI, Divakar will be expected to play a key…
NFT Blockchain Pastel Network Partners with Nervos Network, a Suite of Interoperable Protocols
which claims to be the first application-specific and purpose-built NFT blockchain that has “developed protocols tailored to address the needs of the NFT space,” has teamed up with Nervos Network, which is a suite of interoperable protocols “built on top of an open network, designed for enterprise applications.”
One Zero Digital Bank Approved for Full Banking License: Report
One Zero Digital Bank has been approved for a full banking license. In 2019, the digital bank received a provisional license. According to a report in The Paypers, One Zero is now on par with other banks in Israel as it operations under the approval of the Bank of Israel’s Banking Supervision Department.
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