This Week in Fintech: TFT Bi-Weekly News Roundup 21/12
Funding and investments:
- web3mine, an open-source innovation lab, raises $6 million in seed funding to develop web3 tools for community-owned internet infrastructure.
- TRES, a financial data reporting platform for crypto assets, secures $11 million in Series A financing.
- Spare, an open banking services provider, closes a $3 million funding round for talent acquisition and operations.
- Fiat Republic, a banking-as-a-service platform, raises $7 million in a seed extension round for strategic hires and expansion.
- Tabby, a shopping and financial services app in MENA, secures up to $700 million in receivables securitization from J.P. Morgan.
Company updates:
- Hakluyt Capital invests in AI-powered platforms Interos, CalypsoAI, and Viz.ai.
- Vestwell, a New York-based fintech, completes a $125 million equity round to expand its offering.
- EnKash receives regulatory approval from the Reserve Bank of India (RBI) to operate as a payment aggregator.
Partnerships:
- Origence partners with Tesla to offer credit union financing to EV buyers through the Tesla website.
- Alchemy Pay enters into a strategic partnership with Worldpay to amplify its payment capabilities.
- Trigger Software and Mambu launch Neobank Engine for companies looking to launch a digital neobank.
- Careem and Mastercard launch a sustainability campaign to restore 100 million trees.
Appointments:
- Barry Carter is appointed as the new CEO of Hinckley & Rugby Building Society.
- Manuel Vicente joins Climate X as VP of commercial strategy.
- Muhammad Hamza is named vice president of business GCC at Landvault.
- Socure welcomes Arun Kumar as CTO, Katia Mar as SVP marketing, and Steve Rooney as SVP global sales.
Source: The Fintech Times
