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Latest Results from /startups

/startups

PayPal Ventures invests in Latin American e-commerce outfit nocnoc

PayPal Ventures has led a $14 million Series A funding round for nocnoc, a firm that helps facilitate cross-border e-commerce between global sellers and Latin America.

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Japanese digital bank Habitto goes live

Habitto, a Tokyo-based startup looking to take on Japan's giant banks, has opend its first svaings account to customers, offering a market-beating 0.3% interest on the first one million yen deposited.

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Banks are becoming "museums of technology" says ex-Barclays boss

Ex-Barclays boss Antony Jenkins has decried banks as "museums of technology" who have failed to properly embrace true digital transformation and are consequently shedding huge numbers of customers to more nimble tech-first rivals.

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Open banking payments startup Atoa raises $6.5m

Atoa Payments, a UK startup using open banking to offer merchants an alternative to debit card payments, has raised $6.5 million in seed funding round led by Peter Thiel-backed Valar Ventures.

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Enfuce partners with Iceland's Kvika Bank

Building on the burgeoning Card-as-a-Service (CaaS) trend, Enfuce has been chosen by Kvika Bank to modernise its payment services, launch a Visa credit card, integrate with Apple Pay and Google Pay, and relaunch the bank’s Aur app.

/startups

EBAday 2023: Fintech Zone finalists announced!

EBAday, the annual event for payments and transaction banking executives, will return on 20th to 21st June 2023 at The IFEMA in Madrid, Spain.

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Finnovating unveils MatchGPT 'Business Tinder'

AI startup Finnovating has launched its own Generative Pre-Trained Transformer (GPT) designed to help tech companies find, match and deal with corporate partners and clients.

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UK BaaS bank Griffin raises $13.5 million

Newly-licenced UK bank Griffin has raised $13.5 million in a Series A funding round led by MassMutual Ventures, with participation from existing investors Seedcamp, Notion Capital and EQT Ventures.

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Eric Schmidt invests in cross-border payments platform Keeta

Cross-border payments startup Keeta has launched with $17 million in funding from investors including former Google CEO Eric Schmidt.

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Money20/20: HSBC to take SVB global

Money20/20 afternoon sessions began with a fireside chat between HSBC UK CEO Ian Stuart and Arjun Kharpal, senior technology reporter at CNBC. They discussed HSBC’s acquisition of Silicon Valley Bank (SVB) and what the future holds.

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Money20/20: Enfuce partners with SEB Embedded to drive embedded finance

Enfuce has announced its partnership with Swedish banking as a service (BaaS) provider SEB Embedded, part of SEB, to offer a full virtual and physical card solution tech stack to SEB Embedded's BaaS customers.

/startups

Money20/20: No end game for open banking

Money20/20's annual Europe event kicked off with a stream updating the industry on the progress of open banking.