Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below:
This podcast episode is sponsored by Contis, the European leader in Banking-as-a-Service. Contis is proud to deliver process-pay, a brand-new standalone processing solution ready to cater for any organisations card processing needs. To find out more visiting www.contis.com today!
NEWS HIGHLIGHT
Ryan Breslow, the founder of Bolt, is back as CEO of Love. Love is still in its early stages, but in August it raised $7.5 million at a $180 million valuation from MaC Venture Capital and Human Capital. Breslow is running a new funding round, raising another $10 million, this time at a $300 million plus valuation. Link here.
#Payments

PayQuicker launched Payouts OS. PayQuicker’s API connects to more than ten payout partners, enabling payouts in more than 200 countries and territories in more than 40 currencies. Link here

#FinTechInnovation

Front launched an API platform. The firm allows emerging FinTech companies access to a unique network of 250+ global integrations with brokerages and exchanges. Link here

DIGITAL BANKING NEWS
#BankingIndustry

Kuda incurred a loss of over ₦6 billion in 2021. Kuda MFB, a neobank operating under the Nigerian microfinance bank licence, has recorded losses for the past two years. Link here.

#Partnerships

Goldman partnered with Modern Treasury. The partners say they will help joint customers seamlessly embed and scale domestic and international payments into their products. Link here

#BankingInnovation

Zengin-Net, will make its system available to operators of mobile payment services. The expansion of eligibility to participate in the Zengin-Net system comes amid the spreading use of payment apps such as PayPay. Link here
Paysend launched an instant payment service. Paysend’s Open Payment Network orchestrates the end-to-end pymnt flow including payment initiation, processing, FX and settlement. Link here