TrueLayer raises US$70m to build the world’s most valuable Open Banking network
TrueLayer, Europe’s leading open banking platform, today announced it has secured a US$70m Series D investment round led by new investor Addition. The latest raise reflects the growing demand for its open banking-based services and marks another significant milestone for TrueLayer on its mission to open up finance, building an open banking network that brings together payments, financial data, and identity to redefine how people spend, save, and transact online. Existing investors, including Anthemis Group, Connect Ventures, Mouro Capital, Northzone, and Temasek, also participated, with a significant increase to the company’s valuation. Additional investors in the round include Visionaries Club, Surojit Chatterjee (CPO Coinbase), Zack Kanter (CEO Stedi), Daniel Graf […]
Novatti’s Ripple partnership live to The Philippines
Leading Australian digital banking and payments company Novatti, is now live with revenue-generating transactions taking place via Ripple.
Standard Chartered turbocharges digital payments proposition with investment and the merger of CurrencyFair with Assembly Payments
CurrencyFair, a global cross-border payments platform and Assembly Payments, whose platform automates complex payment workflows, today announce their merger as a result of a strategic investment by Standard Chartered, subject to regulatory approval. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered is doubling down on its commitment to the rapidly growing payments industry, following its earlier investment in Assembly Payments in 2020. Bill Winters, Group Chief Executive of Standard Chartered said, “Digital payments is a core strategic area for Standard Chartered and our 2020 investment in Assembly Payments greatly enhanced our presence in the domestic payments business. By bringing together the complementary strengths of CurrencyFair and […]
Visa selects five startups across Asia Pacific for first Visa accelerator program
Visa has selected five startups to be a part of the first Visa Accelerator Program in Asia Pacific: Brankas, Curlec, DigitSecure, ModusBox and Open.
Tier-1 global investment bank extends existing Asian use of GBST’s Syn~Ops to incorporate European market securities processing
A leading global investment bank and client of GBST has extended its deployment of GBST’s Syn~Ops platform, enabling securities processing in Europe.
EML acquires Sentenial Group & enters the Open Banking market in Europe
EML has entered into a binding agreement to acquire 100% of Sentenial Group for €70 million upfront, plus an earn-out component of up to €40 million.
Global payments platform Nium boosts payment capabilities in South Korea through partnership with SENTBE
Nium partner with SENTBE, a fintech company that offers cross-border payment capabilities, to enable Nium customers to make payments into South Korea.
Canadian Fintechs positioned for growth, but more collaboration, innovation and global expansion needed
Canada’s fintech future will depend on the willingness and ability of all ecosystem players to foster innovation, collaborate and expand internationally.
