Welcome to The Fintech Times Bi-Weekly News Roundup on Tuesday 7 March.
Funding and investments
Droit, a fintech and regtech company, has closed its Series B funding at $23million with UBS as a key investor. Existing investor Goldman Sachs is also participating in the financing round. The investment will support Droit’s expansion into wealth management through the development of new products to automate compliant decision-making.
Bankjoy, a digital banking provider, announces a funding round led by Curql Collective. In addition to funding from Curql, several of Bankjoy’s current credit union clients, including AEA Credit Union, Community Wide Federal Credit Union and Statewide Federal Credit Union also invested in the company’s latest funding round.
Brazilian B2B payments platform Barte has raised a $3million seed round. The round was led by NXTP and Force Over Mass, with existing investor VentureFriends also taking part. Barte said the investment will help it further scale its operations and product.
National Business Capital, a fintech marketplace for business financing, has promoted Phil Fernandes to chief operating officer. Previously, Fernandes served as its vice president of financing. His promotion is “one of several new leadership appointments” the company plans to make as it continues to execute its growth strategy.
CoinFund, a Web3 investment firm, announces tech veteran Julie Mossler as its head of marketing and communications. She will reimagine the firm’s marketing and narrative strategy as well as support its portfolio companies in their positioning and go-to-market approaches.
All-in-one business platform Moniepoint (formerly known as TeamApt), has appointed Pawel Swiatek as chief operating officer. Swiatek joins the business from Capital One, where he served as managing vice president for over four years. He will initially focus on reworking Moniepoint’s operating system.
Gerard Dash has joined executive search and talent advisory firm Raines International. Dash has expertise in building capabilities for early to late-stage VC and PE-backed companies as well as global Fortune 500 companies. Prior to Raines, he was a principal in fintech and product, data and technology practices at True Search.
Tech & finance PR company Third Hemisphere has appointed Alan Jones as tech and investments director. He will split his time equally between his venture capital firm M8 Ventures, and Third Hemisphere’s portfolio of deep tech and finance companies, fund managers, incubators, accelerators, and tech industry leaders.
Inigo partners with hyperexponential to increase operational efficiency. Inigo plumped for hyperexponential’s product Renew as its partner to enable its pricing strategy, making data-driven decisions to develop models faster and reduce time to market.
Explorex, a restaurant-focused full-stack SAAS fintech startup, has partnered with MSwipe, to facilitate streamlined payment solutions to partner restaurants. This partnership will help the company deliver auto settlement of tables and elimination of night audits. Manual audits consume two to three hours of the staff’s time everyday post the restaurant closing operations for that day.
Mortgage and banking technology firm Phoebus has partnered with MIAC Analytics. Phoebus administers the mortgage books of lenders who now have access to MIAC’s advisory and software services including property analytics, due diligence, independent stress-testing and pricing/valuation of assets.
App security company F5 is partnering with Visa to help merchants securely reduce login friction for customers. Following their collaboration, merchants can provide their customers a seamless, secure and personalised shopping experience.