BankiFi, a leading provider of embedded banking solutions for small and medium businesses (SMBs), has secured $4.8 million for global expansion into North America. This strategic growth investment gives BankiFi the capital to provide its industry-leading embedded banking platform to more than two million SMBs across four continents by 2024. BankiFi provides an open cash management
Small business owners benefit from accounting software because it enables them to manage accounts receivable and payable, evaluate their profitability, and get ready for tax season. Accounting software that comes out of the box can be used by small businesses without major modifications. A tailored enterprise resource planning (ERP) system is required as a firm
Israeli banking-as-a-service (BaaS) start-up Unit has partnered with Tennessee’s Thread Bank to enable firms to embed banking services — including accounts, cards, payments and lending — into their products using a single platform. “We’ve grown explosively over the last year by helping companies quickly create new revenue streams with customized banking experiences,” “With our partnership
Motive Partners, a specialist private equity firm focused on growth equity and buyout investments in software and information services companies that serve the financial services industry has received the necessary regulatory approvals and completed the sale of Global Shares to J.P. Morgan. Motive invested in Global Shares in August 2018, acquiring a ~40% stake in the business.
Plaid, the API-first data network powering the digital financial ecosystem, and Wise, the global technology business developing the easiest way to move money around the world, today announced an open finance agreement to give clients a frictionless way to move money between various financial institutions. According to a 2021 survey by Plaid and The Harris
The majority of job postings for positions in finance specify “an ability to deal with numbers” or “like working with numbers” as requirements for candidates. So it makes sense to think that those in the financial and accounting fields would also possess some degree of data literacy—the capacity to read, work with, evaluate, and communicate
26 September - 28 September 2022 | London‚ United Kingdom
26 September – 28 September 2022 | London‚ United Kingdom With in-depth sessions on ensuring effective compliance with regulations like the FRTB and SA-CCR, adapting to climate risk, enhancing capital planning, and overcoming macroeconomic challenges, the 25th edition of the Marcus Evans Capital Management for Banking Institutions conference, to be held between September 26 and 28,
Truework, a fintech company that provides income and employment verification for the nation’s largest mortgage, auto, and consumer lenders to approve more borrowers in a fraction of the time, today announced it raised $50 million in Series C funding. Sequoia Capital, Activant Capital, and Khosla Ventures returned investors joined G Squared in leading the Series
It is obvious now, five years later, that those worries were unjustified. Five million open banking-driven payments were made by UK businesses and consumers in May 2022 alone. In the same month, the open banking community in the UK made a record 1 billion API calls. So, rather than being a limiting action by the
Paysend, the UK-based fintech with over 7 million customers, today announces that 50 new receiving countries have been introduced to its global payments network since the start of 2022. Paysend customers can now send money to more than 170 countries around the world thanks to these new payment channels. Notable additional countries supported by Paysend
Clara, the leading Latin American tech startup that offers an end-to-end corporate spend management solution for companies in the region, announced today approved financing from Goldman Sachs for an initial $50 million with the option to upsize to $150 million. “This financing will fuel our planned regional growth and will also allow us to successfully
Tax automation fintech Avalara is to be acquired by global investment firm Vista Equity Partners in an all-cash deal worth $8.4 billion. All of Avalara’s outstanding shares will be purchased by Vista for $93.50 per share, a premium of 27% over the stock’s closing price on July 6, 2022. Avalara’s net debt is included in
