SolarisBank Snaps Up €60m Funding For BaaS-Ic Instinct

Germany’s solarisBank has raised €60 million funding in a Series C round to boost its Banking-as-a-Service (BaaS) aspirations

EU Banks to Take on Visa, Mastercard With New Payments System

Sixteen banks from Germany, France and three other euro zone countries on Thursday said a "truly European" payments system was expected to be up and running in 2022 to fully digitalise a region where half of all retail payments are still in cash.

Société Générale is acquiring freelancer challenger bank Shine

Société Générale is acquiring French startup Shine. Terms of the deal are undisclosed. According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million).

Indonesian Fintech PAYFAZZ Reportedly Secures $53 Million Through Series B Funding Round

PAYFAZZ, an Indonesia-based fintech startup, has reportedly secured $53 million through its Series B funding round, which was led by B Capital Group and Insignia Ventures Partners with participation from Tiger Global Management, Y Combinator, ACE & Company, BRI Ventures, and Quiet Capital.

Reuters Events Free Webinar - ESG Standards: The best path forward

SASB, ISO, UBS Global Asset Management and ICMM dissect the suitability of universal vs industry standards, the current market context, and the roadmap forward.

Curv Banks On $23M Series A To Accelerate Digital Asset Adoption

Curv, which is developing a digital asset security infrastructure to help crypto-native and traditional financial institutions create digital wallets, said it raised $23 million in Series A funding on Wednesday.

Scalefast Closes $22M Series B To Boost E-commerce Pathway For High-Growth Brands

Digital commerce solution Scalefast announced it raised a $22 million Series B round of funding Tuesday to help brands launch an e-store in as little as 15 days.

Sopra Banking Software becomes Tink channel partner

Sopra Banking Software, a leader in digital banking and financing software, has joined forces with Tink as a strategic channel partner. triples valuation on $150 million funding round

E-commerce payments processor has tripled its market valuation to $5.5 billion after banking a $150m Series B funding round.

Brazil suspends WhatsApp’s payments service

Brazil, the second largest market for WhatsApp, has suspended the instant messaging app’s mobile payments service in the country a week after its rollout in what is the latest setback for Facebook.

Milestone for the Austrian payment industry: Netcetera digitizes credit and debit cards for PSA

The Swiss software company Netcetera, market leader for 3-D Secure and digital payment solutions, implemented a white-label wallet for Payment Services Austria (PSA), the largest transaction service provider in Austria. This is an important step in the digitization of debit and credit cards.

German payments firm Wirecard says missing €1.9bn may not exist

Wirecard has said that €1.9bn in funds missing from its bank accounts may not exist, as the accounting scandal at the German payments company deepens.

London’s Meta Change Capital launches with €100 million fund for blockchain startups in emerging markets

Æternity co-founder Nikola Stojanow is launching Meta Change Capital (MCC), a €100 million VC fund focused on blockchain. Still securing investors, the London-based fund is led by AE Ventures and will close its first round in Q4 of this year.

Spike in investments into S'pore-based fintech firms

Despite the Covid-19 pandemic, investments into Singapore-headquartered fintech firms rose sharply in the first half of this year.

US pulls out of talks to tax tech giants in a blow to Europe’s plans

According to the Financial Times, in a letter to France, Italy, Spain and the U.K., the U.S. said international talks had reached an impasse and there wasn’t even room for an interim deal. The move effectively ends any chance of a deal soon.

Credit-focused fintech startup Upgrade raises $40M after reaching $100M run rate

This morning Upgrade, a credit-focused fintech startup, announced that it has raised a $40 million Series D round that the company says gives it a $1 billion valuation.

EU opens antitrust investigation into Apple Pay

The European Commission has opened an antitrust investigation into Apple's terms and conditions and its steadfast refusal to open up its NFC functionality on iOS devices to proprietary bank payment apps.

European Fintech Association launches

The European Fintech Association (EFA) has officially launched and counts peer-to-peer lender Funding Circle among its members.

WhatsApp finally launches payments, starting in Brazil

After months of talks and trials, WhatsApp has finally pulled the trigger on payments in its app. Today the Facebook-owned messaging service announced that users in Brazil would be the first to be able to send and receive money by way of its messaging app, using Facebook Pay, the payments service WhatsApp owner Facebook launched last year.

500 Startups invests in Malaysia fintech Curlec

VENTURE capital firm 500 Startups has invested in Malaysia-based fintech firm Curlec, which will use the new capital to grow its Malaysian operations further. This will be done through product development, strategic initiatives and market expansion, 500 Startups and Curlec said in a joint statement on Monday.