Catchy Fintech Buzz: TFT Bi-Weekly News Beat, 21/12!

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
  • 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.


  • 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.


  • 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