The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Thursday 17 April 2025.
Partnerships and acquisitions
Card Present over Internet (CPol) provider, Burbank has today announced a major strategic partnership with global payments technology provider Transactility (creators of jPOS) to accelerate the adoption of CPoI across the banking sector.
Volt, the global real-time payments platform, has announced its new strategic open banking partnership with Sumsub, a global full-cycle verification platform. Volt will power Sumsub’s Penny Drop Verification flow, which involves an end user being directed to their banking app after scanning their identity document.
Bitpanda, the European crypto platform, has signed an exclusive multi-year partnership with the ATP Tour, becoming an official partner of the global men’s professional tennis circuit.
Liberis, a global embedded finance platform, has partnered with Fincompare, the German small business broker marketplace, to bring its revenue-based financing solution to over 25,000 small and medium-sized businesses (SMBs) across the country.
LoanTube, the UK digital credit marketplace for underserved consumers and businesses, has partnered with lending provider Evlo to enhance access to transparent, real-rate loan comparison across Evlo’s unique branch-based digital lending network.
Rangers Football Club, the Scottish football club, and V12 Retail Finance, the consumer finance specialist, has announced a new partnership that will enhance the experience for fans and club members alike, allowing Rangers’ supporters to buy a season ticket without having to worry about an upfront financial strain. Fans will now have the flexibility to spread the costs over a set deferred payment term of 6, 9, or 12 months, making it easier than ever for them to support their club.
Qover, the insurtech company, has partnered with BMW and MINI to introduce a comprehensive motor vehicle insurance solution tailored for the Irish market.
Elliptic, the digital asset decisioning firm, has partnered with Monerium, an authorised and regulated Electronic Money Institution (EMI), to streamline compliance, automate cross-chain AML screening, and offer real-time monitoring to manage regulatory requirements efficiently.
Xceptor, the intelligent data automation platform for financial markets, and OnCorps, a provider of pre-trained AI and agents for financial operations, are partnering to bring advanced reconciliations and confirmations solutions to the industry.
Charli AI, an AI driven market intelligence firm, has entered into an agreement to acquire Sums Capital, an early-stage investment platform specialising in streamlining investor transparency, reporting, and portfolio management for private companies, to enhanceits ability to deliver advanced, AI-powered financial insights, and streamline capital flow.
Bullish, the regulated digital asset exchanges, today announced a partnership with Archax, the FCA-regulated digital asset exchange, broker, and custodian, as it aims to enhance liquidity for stablecoins launched by Archax on the Bullish Exchange, by utilising Bullish’s proprietary Automated Market Maker (AMM).
Numeral, a Mambu company and paytech provider, and Argentex Group PLC, a London-headquartered currency risk management and alternative banking specialist, have announced that Numeral will be Argentex’s strategic payment technology provider to transform its payments and FX infrastructure.
eBay, the global commerce platform, has parntered with Checkout.com, a global digital payments platform, to expand its global payment platform to deliver seamless commerce experiences for its customers.
UpSlide, the compliance and productivity solution for Microsoft 365 within financial services, has partnered with Leverest, the software platform for debt financing, to enable firms to handle complex transactions more effectively by reducing the time spent on document formatting and data management.
ZENDATA Bahrain, the cybersecurity firm, has partnered with Alzayani Investments and Midal Cables during a signing ceremony held at Alzayani Investments headquarters. This collaboration marks a significant step in strengthening the information technology framework and enhancing digital resilience across the Kingdom’s industrial and investment sectors.
Funding news
Marshmallow, the UK fintech, has raised $90million worth of funding from Portage, BlackRock and Columbia Lake Partners. The raise comes three years after the business’ Series B, in which time, it has almost doubled its valuation to just over $2billion.
Belvo, the open finance platform, secures $15million in a new round of funding to expand open finance access and innovation across Latin America.
Embedded finance player Froda has secured a €20million (222million SEK) investment in a Series B funding round, to fuel its European expansion and provide more SMEs with seamless, data-driven financing.
Appointments
Kwayga, the B2B supplier-sourcing software transforming how supermarket buying teams operate through AI-driven technology, has announced the appointment of Per Thau to its advisory board. This appointment aligns with the company’s vision of transforming supermarket sourcing through cutting-edge solutions.
The global cloud communications platform Infobip, has announced the appointment of Mirza Bukva as the new director of operator partnerships for the Europe, Middle East, and Africa (EMEA) region to strengthen partnerships and innovation in EMEA.
Global diversified professional services and investment management company, Colliers has announced that Miro Karttunen will become the managing director of Colliers in Finland, extending the company’s client service capabilities with a focus on strengthening property management services.
Berlin-based insurance startup, Feather, has appointed Eloi Lanthiez to lead its digital insurance services for expats in France.
AU10TIX, the identity verification (IDV) and management platform, has announced the appointment of Yair Tal as its new CEO. With over 20 years of leadership experience in payments, fintech, and localisation services, Tal will focus on advancing AU10TIX’s machine learning capabilities and driving global growth.
AlphaSense, the AI-powered market intelligence and search platform, has announced the appointment of Joseph Rozenfeld as executive vice president of engineering. Rozenfeld will drive AlphaSense’s continued growth as am AI-first engineering organisation and will report to CEO and founder, Jack Kokko.
InvestCloud, the wealthtech firm, has announced the expansion of its APL leadership team with the appointment of Josh Mayer to the newly created role of chief operating officer, where he will drive strategic expansion and excellence in innovation and service delivery across all of APL’s offering.
Pismo, the cloud tech solutions provider, announces that Vishal Dalal, who served as the company’s CEO for North America, Europe, and Asia since 2021, has been appointed as the company’s global CEO.
Company updates
Better Home & Finance Holding Company, the AI home finance company, has reported that it has restructured its outstanding convertible notes with its lender to retire approximately $530million of outstanding debt in exchange for a one-time cash consideration of $110million and the issuance of $155million of new senior secured notes from SB Northstar LP, the company’s existing noteholder.
Fexco, the Irish-based financial services and fintech company, has launched payUnite, its global payments orchestration platform, into the airline, retail and hospitality industries, providing a secure, independent, and frictionless payment experience.
The Saudi Central Bank (SAMA) has announced that electronic payments accounted for 79 per cent of total retail payments in 2024 – one of the Financial Sector Development Program’s Objectives – up from 70 per cent in 2023.
Saxo, the online trading and investment, has launched a new Flexible Investment and Savings Account (ISA). This follows a 591 per cent surge in demand for its Stocks and Shares ISA in January and February 2025, compared to the same period last year, with new clients eager to maximise their ISA allowance at market-leading prices.
Emma, the budgeting app, has launched Emma Super Pot: a savings pot that offers FSCS protection of up to £255,000.
Pension finding platform, Raindrop has recovered £500million in savings from almost 45,000 lost pension pots for savers since launch. This follows a strong year of growth for Raindrop – during 2024, Raindrop’s technology recovered £251million in lost pension pots, a 61 per cent increase on the £156million found in 2023.
Bitget, the cryptocurrency exchange and Web3 company, is kicking off a new campaign with LALIGA, featuring Barcelona‘s winger Raphinha. The new collaboration highlights Bitget’s trading products — Copy Trading, Launchpool, and Pre-market — drawing a parallel between the precision of elite football and the strategy behind smart crypto trading.
Fingerprint, a device intelligence for fraud prevention and returning user experience optimisation, announced 175 per cent revenue growth over two years as enterprises increasingly select its platform to reduce fraudulent transactions, strengthen account security and increase customer lifetime value.
Allica, the bank built for established SME businesses, has published its latest Annual Report, revealing a near doubling in profits of £29.9million in 2024 (FY23 £16.1million).
Entrust, the identity-centric security solutions provider, has announced the Entrust Cryptographic Security Platform, the industry’s first unified, end-to-end cryptographic security management solution for keys, secrets, and certificates.
Digital bank Monzo announces that it has surpassed 12 million customers, as it continues to advance with its ambition to build the one app customers turn to to manage their entire financial lives.
