For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
UK Fintech’s Primer Connect: The Next Big Thing in Financial Services
Primer, a UK-based fintech company which is backed up by venture capital firms Balderton and Accel, announced the launch of Primer Connect. Primer Connect is an open application framework that allows third-payments services to build integrations and connections on the Primer platform. According to a report...
British Payments Company TransferWise Rebrands to Wise
Introduction After nearly a decade from its inception, TransferWise, a British payments group, is rebranding itself to Wise. With this move, Wise wants to showcase that it is more than a money transfer company. The name change is aimed to highlight the company’s growing range...
Westpac Announces Digital Banking Partnership with SocietyOne
The Westpac Group announced that SocietyOne as its new partner that is set to join the new digital banking-as-a-service platform developed by the company. The alliance with the Westpac Group is expected to open up new growth opportunities for SocietyOne which provides a range of...
At $100 million valuation, fintech Symple raises $15 million
Personal loan financial technology company Symple Loans scored capital of $15 million from 2 institutional investors in a funding round that valued the fintech at over $100 million. The latest all-equity capital raising round was led by Costa Asset Management (by Robert Costa) and Welas...
Crypto wallet & trading platform Blockchain.com raises $120 million
Blockchain.com, a London-based digital asset platform, announced that it has secured about $120 million (approximately ÂŁ86.5 million) in funding. The investment round was led by several macro investors which include Kyle Bass, Moore Strategic Ventures (Louis Bacon), Rovida Advisors, Access Industries, GV (aka Google Ventures),...
Bookipi & Fat Zebra partner to launch a new invoice payments platform
Bookipi, an Australian financial technology company, is all set to launch a new invoice payments platform in partnership with another Australia-based fintech Fat Zebra. The all new invoice payments platform will be called ‘BookiPay’. Through this partnership, Bookipi will be using the payment infrastructure of...
BNPL darling Afterpay launches banking-as-a-service product
Buy now, pay later giant Afterpay has announced the launch of its new banking-as-a-service product through which users can monitor their savings and transactions and manage their cash flow. Fintech Afterpay will launch its new product via the bank-as-a-service platform of financial services provider Westpac...
Payright gets speeding ticket from the ASX after 32% share price surge
Australian fintech Payright (ASX:PYR) is the most recent payments company listed on the Australian Securities Exchange to receive a speeding ticket from the exchange. The fintech received the ticket on 16th February 2021 after its share prices soared by a whopping 32%. On the morning...
UK-based fintech & SaaS company ARKK raises ÂŁ7 million
A London-based fintech and Software-as-a-Service (SaaS) firm ARKK has secured funding of £7 million from its existing investors. ARKK helps in the automation of the finance function of an organization by replacing traditional and outdated tools with improved smart technology. The freshly secured funds will...
Fintech unicorn Monzo appoints first-ever female US CEO
United Kingdom-based challenger bank Monzo has recruited Carol Nelson as its first-ever female US Chief Executive Officer to lead the fintech unicorn’s expansion in the states. In May 2020, the Co-founder of Monzo, Tom Blomfield stepped down as CEO and moved to the President slot...
