The Fintech Times Bi-Weekly News Roundup brings news of a partnership between Primer and Coinbase and more.
Payments and commerce automation platform Primer has partnered with US-based fintech Coinbase, the cryptocurrency exchange platform. The integration aims to allow merchants in markets across the globe to add crypto as a standard method of payment at checkout.
ForwardAI will provide its API for accounting and business data to FinTech Automation as part of a new partnership. FinTech Automation intends to offer access to the accounting data platforms for its clients with the deal.
Financial app Curve has partnered with Salt Edge, the open banking API provider. The collaboration looks to ensure that Curve continues to meet all necessary regulatory requirements. It has already ensured that it met the rules of both the European Banking Authority and Bank of Lithuania.
Meanwhile, Reltime AS has appointed corporate finance boutique Eminova Partners AB as its financial advisor. Reltime plans to use the partnership to help fuel its growth globally. The company has taken the move as it looks to begin ambitious expansion plans and increase the pace of adoption.
General insurance provider Paymentshield is reinforcing its partnership with lettings platform Goodlord. Goodlord can now provide tenants with an embedded, automatic insurance journey for the first time. The development, which is powered by an API technology integration, means that Goodlord can now offer Paymentshield’s tenants’ contents insurance and tenants’ liability insurance through its own rental platform.
Auctioneera, a fixed fee estate agency from Ireland, has selected NoFrixion to provide digital payments infrastructure for real-time payments reconciliation and accounting updates. Due to the partnership, Auctioneera is cutting its payment processing charges by 87 per cent. The estate agency is also reducing its manual processing needs.
Savings and investment fintech Raisin is migrating to its UK banking platform to embedded banking firm Clearbank. As part of the migration, Raisin is gaining access to FSCS-protected accounts and faster payment rails.
Singapore-based fintech yufin has forged a partnership with Gigacover to bring insurance to small businesses in the Philippines. Small businesses on the yufin platform can now access Gigacover health insurance products.
Zenus Bank, the US digital bank partners with Finxact, the provider of a core banking platform. The partnership becomes one of the first steps of Zenus’ intention to offer US bank accounts to millions of people worldwide. Finxact will look to provide a global banking platform that supports Zenus’s retail, corporate, and partnership banking operations.
Neem, the embedded finance platform from Pakistan, has forged a partnership with BPC. The association will be used to develop an embedded finance technology stack.
Target Group, the operational transformation provider, has appointed Kathy Griffin to lead and build out its risk and compliance function, as chief risk officer. She joins Target Group from a role as director of compliance at UK fintech Monzo.
Digital identity technology start-up, OneID, names David Bell as a new board member. Bell joins as a non-executive director; bringing a wealth of sales and marketing experience.
Funding and investments
BMLL Technologies, a data and analytics provider, has secured a $26million series B investment. BMLL intend to use the funding for more data coverage across an increasing number of global markets.
Seqera Labs has raised $22million in its series A investment round. The provider of data orchestration and workflow software for life sciences aims to expand its team and add to its existing product portfolio.
Arf, has raised $13million from investors in a seed round. Coinbase, Solana, FTX, and Kabbage are companies from the Web3 and institutional finance space that invested.
Digital financing platform, Stenn, has now reached $10billion in SME financing. Having generated over half of this volume in the last twelve months, Stenn anticipates continued rapid growth. Since the platform’s first customer financing in 2016, it has now deployed capital in more than 70 countries.
Cryptocurrency payment services provider BitPay now offers support for Polygon and MATIC. BitPay customers can now buy, store, swap and spend MATIC within the BitPay app.