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Welcome to another episode of our Daily Fintech Podcast.
THE NEWS HIGHLIGHT OF THE DAY IS
Stripe is making its bank transfer offering available to businesses in the UK, EU and Mexico. The Stripe infrastructure promises to take the friction out of bank transfers, saving businesses hundreds of hours on confirming transfers, reconciliation and accounting, and refunds.
JUST IN:
Douugh is on track to launch its banking super-app to Australians later this year, following its Beta launch.
ALSO:
Electronic music producer deadmau5 has partnered with US fintech Zytara Inc. to create a branded, digital banking solution. Fans of the musician will have the opportunity to interact with his brand through the Zytara banking app, as well as have access to custom physical and virtual Mastercard debit cards.
WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS?
Metropolis Technologies announced that it raised $167 million in a Series B round.
Paris-based YC alumni Formance (YC S21) has just raised a $3.1m pre-seed to scale up its product offering and onboard new global marketplace and fintech clients
Cube raised $30 million in a Series B funding round led by Battery Ventures.
WHAT ABOUT CRYPTO?
Monzo Bank has confirmed it still plans to pursue crypto investment opportunities, amid the current crash in the digital asset market.
AS FOR PARTNERSHIPS
RBC Royal Bank Of Canada has partnered with Envestnet | Yodlee and Plaid to offer RBC clients a private form of open banking.