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Welcome to another episode of our Daily Fintech Podcast.
This podcast episode is sponsored by Uncover, the new podcast by ComplyAdvantage. Join CEO Charles Delingpole and his team as they interview compliance leaders, FinTech innovators, and financial crime experts to uncover the latest best practices and industry trends. Subscribe on Apple Podcasts or Spotify today
THE NEWS HIGHLIGHT OF THE DAY IS
Acorns has raised $300 million in a Series F funding round, valuing the company at nearly $2 billion
ALSO:
Estateguru.co Marketplace Limited announces its first office opening in Manchester. It plans to start facilitating loans once fully Financial Conduct Authority approved.
FURTHERMORE,
Ayoconnect and PT Bank Rakyat Indonesia (Persero) Tbk (BRI) have signed a memorandum of understanding (MOU) to leverage Ayoconnect’s open finance technology in BRI’s digital banking solutions.
Barthi airtel has struck a deal with India’s Axis Bank to roll out a range of financial services products to its 340 million customers.
LET’S HEAR ALL ABOUT MERGERS AND ACQUISITIONS:
Payments provider PPRO has announced it bought paytech company Alpha Fintech to expand its offering and presence across APAC.
AS FOR PARTNERSHIPS
Al Fardan Exchange L.L.C. announced a partnership with Thunes, a cross-border payments, enabling Al Fardan Exchange customers to make seamless payments to 87 countries.
Zeta Suite, a banking tech unicorn and provider of next-gen credit card processing to banks and fintechs, and Mastercard announced a 5-year global partnership.
BankiFi has announced that it has joined Visa Fintech Partner Connect in Europe – a programme that helps Visa`s clients deliver the next generation of digital banking solutions
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Female-founded fintech Super Fierce has raised $1.5 million in a seed capital to help women build better financial security.
tabby, the Dubai-based buy now, pay later (BNPL) platform, has completed a Series B extension of $54 million.
Stax by Hover, a startup that allows Africans to buy airtime, send and request money, and transfer funds between accounts via automated USSD codes, has raised a $2.2 million seed extension round.
in3, a leading Dutch Buy-Now-Pay-Later (BNPL) fintech business, has announced a $11.1m funding round from Finch Capital as growth soars.
Konvi has raised over €814k to open this sector up for all retail investors. Investors include APX and value-adding angel investors including (former) executives from tech giants like Snap Inc. and Shopify.
Branch has raised $75 million in a Series C funding round that has closed just six months after it announced its last financing round.
US-based payments software company Stax has grown from a kitchen table startup to a billion dollar business after raising $245 million.
Hotel payment software provider Selfbook has completed a $15 million extension of its Series A financing that values the company at $300 million.