This week in Fintech: TFT Bi-Weekly News Roundup 27/10
Fintech Times Bi-Weekly News Roundup brings news of a partnership between Primer and Coinbase and more.
Partnership
Payment and trade automation platform Primer has partnered with US-based fintech Coin base, the cryptocurrency exchange platform. The integration aims to allow merchants in markets around the world to add crypto as a standard payment method at checkout.
ForwardAI will provide its accounting and business data API to FinTech automation as part of a new collaboration. FinTech Automation intends to offer access to the accounting data platforms for its customers with the agreement.
Financial app Curve has entered into cooperation with Salt edge, the open banking API provider. The collaboration appears to ensure that Curve continues to meet all necessary regulatory requirements. It has already ensured that it meets the rules for boats European Banking Authority and Bank of Lithuania.
Meanwhile, Reltime AS has appointed corporate finance boutique Eminova Partners AB as a financial advisor. Reltime plans to use the partnership to help grow globally. The company has made the move as it looks to begin ambitious expansion plans and increase the pace of adoption.
General insurance provider Payment shield reinforces the collaboration with the rental platform Good God. Goodlord can now provide renters with a built-in, automatic insurance trip for the first time. The development, which is powered by an API technology integration, means that Goodlord can now offer Paymentshield’s tenant’s contents insurance and tenant’s liability insurance through its own rental platform.
More partnerships
Auctioneera fixed fee estate agent from Ireland, has chosen NoFrixion to provide digital payment infrastructure for real-time payment reconciliation and accounting updates. Because of the partnership, Auctioneera cuts its payment processing costs by 87 percent. The property brokerage also reduces the need for manual processing.
Savings and investment fintech Raisin is migrating to its UK banking platform to embedded banking Clearbank. As part of the migration, Raisin gains access to FSCS-protected accounts and faster payment tracking.
Singapore-based fintech yup has entered into a partnership with Giga cover to bring insurance to small businesses in the Philippines. Small businesses on the yufin platform can now access Gigacover health insurance products.
Zenus Bankthe American digital bank collaborates with Finxact, the provider of a core banking platform. The partnership will be one of the first steps in Zenus’ intention to offer US bank accounts to millions of people worldwide. Finxact will look to provide a global banking platform that supports Zenus’ retail, corporate and partnership banking operations.
Neemthe embedded financial platform from Pakistan, has entered into a partnership with BPC. The association will be used to develop an embedded financial technology stack.
The job is moving
The target groupthe provider of operational transformation, has appointed Kathy Griffin to lead and develop its risk and compliance function, as chief risk officer. She joins Target Group from a role as director of compliance in UK fintech Monzo.
Start-up of digital identity technology, OneIDname David Bell as a new board member. Bell joins as non-executive director; brings a wealth of sales and marketing experience.
Financing and investments
BMLL technologies, a data and analytics provider, has secured a $26 million Series B investment. BMLL intends to use the funding for more data coverage across an increasing number of global markets.
Seqera Labs has raised $22 million in its Series A investment round. The provider of data orchestration and workflow software for the life sciences aims to expand its team and add to its existing product portfolio.
Inheritancehas raised $13 million from investors in a seed round. Coin base, Solana, FTXand Cabbage are companies from Web3 and institutional finance areas that invested.
Digital financing platform, Stop, has now reached $10 billion in SME funding. Having generated more than half of this volume in the past twelve months, Stenn expects continued rapid growth. Since the platform’s first customer funding in 2016, it has now deployed capital in more than 70 countries.
Other news
Cryptocurrency payment service provider BitPay now offers support for Polygon and MATIC. BitPay customers can now buy, store, exchange and use MATIC in the BitPay app.
