The Fintech Times News Roundup
Fintech Industry Roundups Trending

This Week in Fintech: TFT Bi-Weekly News Roundup 25/10

The Fintech Times Bi-Weekly News Roundup sees BitOasis join forces with Mastercard to launch crypto-linked cards and more. 

Partnerships

BitOasis, the cryptocurrency exchange for the MENA region, has partnered with Mastercard to launch crypto-linked cards. The partnership will enable BitOasis customers to link their crypto wallet balances to physical or virtual cards. They will be able to make fiat payments across 90 million global locations using their BitOasis Mastercard crypto card.

Helix, the cloud-native embedded finance platform, has forged a partnership with BM Technologies, the US-based banking-as-a-service provider. The goal of the collaboration is to provide comprehensive embedded banking solutions for consumer brands. The companies will utilise Helix’s platform and bank partnerships alongside BM Technologies’ app-development service.

Kapitus, the SMB lender, has selected Mambu, the software-as-a-service cloud banking platform, to service and manage a number of client contracts. Kapitus aims to further expand and advance its offerings for SMBs. Andrew Reiser, CEO of Kapitus, cited Mambu’s easy-to-use user interface requiring “little to no” coding experience to create financial products.

peaq, the Web3 network powering the ‘economy of things’, has partnered with deltaDAO, a GDPR-compliant data economy solution provider. The two companies are looking to launch an instance of the Gaia-X Web3 ecosystem where data from the peaq network can be monetised.

Meanwhile, Marqeta, the modern card issuing platform, has partnered with the European bank Raiffeisen Centrobank. Marqeta will power a new brand for the bank, Raiffeisen Digital Bank.

Blockchain network Minima Global has partnered with Minipay to introduce a payment app on Minima’s blockchain network. The app will use near-field communication (NFC) to make retail payments.

diverse business people giving fist bump in circle

Product and Feature Launches

Revolut has launched a new holiday home rental feature with cashback, ‘Homes’. Homes becomes part of Revolut’s accommodation booking service, ‘Revolut Stays’. The launch means that customers can receive up to 4 per cent cashback (depending on their Revolut plan).

B2B payments platform Plastiq has launched expanded integration options to its embedded finance product. A new integration method offers an embeddable UI that requires even less development time to ‘Plastiq Connect’.

Finally, fintech company Jifiti has announced business-to-business BNPL functionality for its platform. Jifiti aims to help its bank and merchant partners with this move by providing a high level of customization to their business customers.

Job moves

Atom bank, the UK-based challenger bank, appoints Andrew Marshall as chief financial officer (CFO). Marshall replaces David McCarthy, the Atom co-founder in the role. Andrew takes the position at Atom following six years at the company. He previously took the roles of group financial controller, deputy CFO and director of corporate finance.

Private Markets Alpha (PM Alpha), appoints Rebecca Bonini as the operational due diligence & product specialist. Bonini joins from Aksia Europe, an alternative investment solution provider, where she held the position of analyst and then senior analyst within its own operational due diligence team.

Argentem Creek Middle East, emerging markets credit specialist firm, has named Jeroen Westrik as regional director, a newly created position. Jeroen will be based in Abu Dhabi, subject to regulatory approvals. Prior to joining Argentem Creek, Westrik spent 20 years at ABN AMRO/ RBS in London, Amsterdam and Houston.

job moves

Funding and investments

Startup fintech Uplinq, the credit and scoring assessment platform, has received an investment of $1.25million. The investment comes from venture capital firm ATX Venture Partners. This announcement comes after Uplinq raised $3.5million in a pre-seed funding round in April 2022. Uplinq with use the funding to continue its expansion.

Qantev, the AI insurtech for health insurers, has raised €10million from a series A funding round from Omnes, RAISE Ventures and Elaia Partners. The company intend to use this funding to accelerate the expansion of its operations into new markets to provide health insurers with advanced analytics capabilities.

Surfe, the workspace for revenue teams, has completed a rebrand from ‘Leadjet’ and raised a €4million seed round. 360 Capital, a European venture capital firm, helped to raise the funding which will be used for for team growth and product development.

Other news 

The Financial Sector Conduct Authority (FSCA) has published the declaration of crypto assets as a financial product under the FAIS Act. This move brings providers of financial services in relation to crypto assets within the FSCA’s regulatory jurisdiction.

Abu Dhabi Global Market (ADGM), the international financial centre (IFC) of the UAE’s capital, is celebrating its seventh anniversary. Its chairman Ahmed Jasim Al Zaabi toured the IFC to discuss the growth and developments achieved by the ADGM alongside future plans.

Author

Related posts

Following Significant Investment, Scottish Fintech Aveni Launches NLP-led AI Tool

Tyler Pathe

How Open Banking Can Help Providers Identify Struggling Customers, as 10% of UK Adults Miss Payments

The Fintech Times

Regulators Across the Globe are Upbeat about RegTech

Manisha Patel