Finextra Research: Latest fintech news, analysis, interviews, features and opinion by industry experts

BaaS startup BKN301 raises EUR15m

BKN301, a digital payments and Banking-as-a-Service startup, has raised EUR15 million in a Series A funding round led by Abalone Group.

05 July 2022

News/payments

Finastra launches BNPL alternative

Following the news of Finastra’s new product, an embedded consumer lending solution, Finastra’s senior director of solution management, Banking-as-a-Service (BaaS), and orchestration, Jeannette Kescenovitz comments on the new service.

01 July 2022

Company update/payments

Finastra unveils embedded consumer lending product

Finastra today unveiled its embedded consumer lending solution, enabling access to traditional regulated lending options for consumers at point-of-sale (POS).

30 June 2022

Company update/startups

Galileo to power Flyp gamified mobile banking platform

Galileo Financial Technologies, a leading financial technology company owned and operated independently by SoFi Technologies, Inc. (NASDAQ: SOFI), today announced that its API-enabled financial technology powers Flyp. Flyp is a banking app and digital wallet, with gamified rewards, challenges, and quests to attract, engage and retain customers.

28 June 2022

Company update/people

BaaS firm Griffin names Maria Campbell COO

Griffin, the UK-based Banking as a Service firm, today announces the promotion of Maria Campbell to Chief Operating Officer. Campbell first joined Griffin in 2021 as Vice President of People.

27 June 2022

News/payments

Raisin Bank moves into payments through acquisition

German BaaS player Raisin Bank is moving into the payments business after agreeing to buy a Bankhaus August Lenz unit. Financial terms were not disclosed.

24 June 2022

Company update/people

Paddle makes senior hires

Paddle, the complete payments infrastructure for SaaS companies, today announces it has appointed Rob Fletcher as its new Chief Customer Officer, and hired Emilie Bierschenk as VP of Global Demand Generation and Rob Konowalchuk as VP of Risk and Compliance.

23 June 2022

Company update/retail

Clockwise Credit Union taps Engage from Contis-Solaris for digital current account

One of the UK’s fastest-growing financial co-operatives has partnered with Engage, the community banking-as-a-service division of Contis-Solaris, to launch its own branded credit union debit card and current account.

22 June 2022

Company update/retail

Third Coast Bank picks Treasury Prime as BaaS provider

Third Coast Bancshares, Inc. (NASDAQ: TCBX) (the “Company” or “Third Coast”), the bank holding company for Third Coast Bank, SSB, today announced it has selected Treasury Prime, a leading banking-as-a-service (BaaS) company, as its strategic partner for its “future of banking” initiatives.

21 June 2022

News/startups

Investment-as-a-Service startup Upvest secures $42 million Series B

Upvest, a Berlin-based startup offering a plug-and-play API for fintechs entering the investment market, has secured $42M in Series B financing led by Bessemer Venture Partners.

16 June 2022

Company update/wholesale

Weavr expands to Portugal

With summer firmly upon us, Lisbon’s tech scene is beginning to heat up as it welcomes the launch of Plug-and-Play Finance provider, Weavr, to Portugal.

15 June 2022

News/startups

Mena Banking-as-a-Service player NymCard raises $22.5 million

Abu Dhabi-based banking-as-a-service vendor NymCard has raised $22.5 million in a venture round led by DisruptAD – ADQ’s venture platform, Reciprocal Ventures, and Shorooq Partners

13 June 2022

Company update/payments

Railsr adds rewards to embedded banking proposition

Railsr, the leading global embedded finance experiences platform, has launched a new Rewards-as-a-Service (RaaS) product that enables brands to build their own branded rewards programmes.

08 June 2022

News/people

Contis to increase headcount by 33%

Bucking the trend for lay-offs in the fintech sector, Banking-as-a-Service provider Contis has revealed plans to increase its headcount by more than 33% over the next six months, with the Yorkshire headquartered firm intending to recruit 123 additional roles across the UK, Lithuania and India.

07 June 2022

Company update/retail

Railsbank rebrands as Railsr

World-leading embedded finance experiences platform, Railsbank, has changed its name to Railsr, and launched a rewards offering, signifying that it is ready to create and deliver the next evolution in the consumer financial experience.

07 June 2022

Company update/payments

OpenPayd and Yapily combine embedded finance and open banking

Global payments and banking-as-a-service (BaaS) platform OpenPayd and open banking platform Yapily have today announced a partnership to deliver innovative payments solutions for businesses in the UK and across Europe.

06 June 2022

Company update/payments

KeyBank adds payments to embedded banking platform

KeyBank announced the release of its end-to-end payment facilitation capabilities, allowing software companies to easily own and process payments.

06 June 2022

Research/Banking-as-a-serviceSurvey

Payments Modernisation: The Big Survey 2022

30 May 2022 895 downloads

News/payments

Matchmove acquires e-commerce firm Shopmatic

Souteast Asian emebedded finance firm MatchMove has acquired e-commerce specialist Shopmatic in a $200 million deal.

23 May 2022

News/payments

BaaS hits the mainstream for US banks - CCG

CCG’s second annual US banking study titled ‘The Banking Battleground 2022: Finding the opportunities,’ has found that US bank executives are showing strong interest in pursuing and offering Banking-as-a-Service (BaaS) options.

20 May 2022