UK fintech Paysme winds down operations
Paysme Closure:UK-based fintech Paysme, focused on aiding small businesses in transitioning to the digital economy, has shut down.Financial Struggles:Despite raising...
Mondu gears up for European expansion with €30m debt financing boost
Mondu secures €30 million debt financing from German bank VVRB.
The deal increases Mondu's credit facility with VVRB to €50 million, following a...
Bread Financial names former Amex CIO Allegra Driscoll as new CTO
Bread Financial Announcement:Allegra Driscoll was appointed as EVP and CTO.
Focus on advancing enterprise technology priorities.
Goal: Expand private-label credit card offerings...
Bilt Rewards more than doubles its billion-dollar valuation with new $200m equity investment
Valuation Milestone: New York-based Bilt Rewards reaches a valuation of $3.1 billion after securing a $200 million equity investment.
Key Investors and Leadership Changes:...
CFPB proposes new laws to stamp out NSF fees for transactions declined in real time
The US Consumer Financial Protection Bureau (CFPB) proposes a ban on fees for non-sufficient funds (NSF) charged by banks, credit unions, and certain...
Former Adyen exec Jan-Pieter Lips joins UK’s DNA Payments as CEO
Leadership Change: Former Adyen executive Jan-Pieter Lips was appointed as the new CEO of DNA Payments, a payments processing firm based in the...
BNPL firm Billink fuels European expansion plans with $32m funding from Varengold Bank
Funding Boost: Dutch paytech Billink secures a $32.1 million investment from Germany's Varengold Bank for its buy now, pay later (BNPL) platform expansion.
Expansion...
Oracle strikes deal with Slovenia’s SID Bank for core banking and payments technology
Oracle's Flexcube in SloveniaSID Bank, based in Ljubljana, Slovenia, became the first in the country to adopt Oracle's Flexcube core banking solution.
...
Finnish fintech Aibidia names Matthias Grabellus as new chief product officer
Aibidia, a Finnish fintech, appoints Matthias Grabellus as Chief Product Officer (CPO).
Grabellus will lead the development of Aibidia's transfer pricing platform to...
