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NMI acquires Sphere’s commercial division to expand underwriting capabilities


NMI, a wholly owned commerce enablement technology company, has acquired the commerce division of payments software and technology company Sphere. The acquisition will strengthen NMI’s underwriting and risk management capabilities and enable NMI’s partners, including independent software vendors, independent sales organizations and FinTech innovation, creating merchant accounts within the existing NMI platform. “The addition of


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Moove raises $76m in new funding to bolster business growth


Moove, a mobile FinTech, has received $76 million in new funding, including $28 million in equity from new and existing investors. Funding round led by Mubadala Investment Company (Mubadala), $10 million in venture capital debt from funds and accounts managed by BlackRock, and $38 million in undisclosed amounts previously raised in the last few years


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Flynas & Tabby bring 4-month installment payments for travel tickets


flynas, the airline of Saudi Arabia and a low-cost airline in the Middle East, has partnered with Tabby, a financial services and shopping app based on MENA, to provide travelers with payment solutions flexible math. This partnership comes at a favorable time for travelers, especially with the increasing demand for air travel around the world.


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HSBC launches embedded finance venture with Tradeshift


HSBC and B2B FinTech Tradeshift have formed a new joint venture focused on developing integrated financial solutions and financial services applications. As part of the deal, HSBC will invest $35 million in Tradeshift in two phases and join its board of directors. The deal is part of a funding round that is expected to raise


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Plaid and Cross River partner to offer real-time payments in the US


Cross Riverbank, a technology infrastructure provider that offers embedded financial solutions, has announced the expansion of its partnership with Plaid, a data network helping the digital financial ecosystem, to deliver multi-rail payment solutions to US businesses and their customers. “Expanding our relationship with Plaid to power their real-time offerings is a significant milestone in our


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Hub71 & Wio Bank partner to streamline banking for startups in Abu Dhabi


Hub71, a global technology ecosystem in Abu Dhabi, and Wio Bank PJSC have announced a strategic partnership to transform the banking experience for startup founders in the capital. Partnership to improve bank account processes for SMEs; Wio becomes Hub71’s official banking partner, enabling startup founders to benefit from commercialization opportunities and professional mentoring to drive


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Tymit and VISA team to offer installment credits to banks & merchants


Tymit has established a strategic partnership with Visa to accelerate the adoption of installment credit among major financial institutions and merchants in the UK and Europe. This partnership aims to enable banks and merchants to offer co-branded and white label installment credit schemes powered by Tymit. As one of the pioneering installment credit card services,


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Cashflows launches new cloud-based in-person payments solution


Cashflows, the platform that allows merchants to accept payments, has launched a new cloud-based direct (point of sale) payment solution. The platform is designed for merchants, independent sales organizations (ISOs) and independent software vendors (ISVs) who want to provide merchants in all industries with a fast and reliable direct payment solution. As part of the


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TerraPay partners with Safaricom to enhance cross-border payments


TerraPay, a global payments infrastructure company, has partnered with Safaricom, a financial services, IT and telecommunications provider based in Kenya. TerraPay Group company Mobex (Kenya), a remittance service provider, will enable over 30 million M-PESA mobile wallet owners in Kenya to send real-time payments through TerraPay’s interoperable network to all wallets in Bangladesh and Pakistan,


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Mastercard uses AI to flag real-time payment fraud for UK banks


Mastercard is fighting fraudsters with its AI-powered ‘Consumer Fraud Risk’ solution, now available in the UK. Leveraging Mastercard’s artificial intelligence capabilities and a network view of account-to-account payments, it helps banks predict and prevent fraudulent payments of any kind. In partnership with nine UK banks, including Lloyds Bank, Halifax, Bank of Scotland, NatWest, Monzo and


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Alfii secures $2.5m pre-seed funding to launch FinTech-powered HR Platform


Dubai-based technology startup Alfii has announced an upfront funding of $2.5 million to expand its team and further expand its FinTech-based HR automation platform. The round was led by Preface Ventures, a venture capital firm focused on US-based infrastructure companies. Kayan Ventures, UAE-based Aditum Ventures and Wayfinders, and a number of local and regional angel


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FundingShield partners with Mastercard to leverage its open banking platform


FundingShield, a cloud-based company providing FinTech solutions for risk management, compliance, and fraud prevention, has partnered with Mastercard to leverage an open banking platform run by Finicity, a Mastercard company provide. “FundingShield has over 95% coverage of licensed service providers in the real estate, mortgage, closing and settlement space in our live repository. This partnership