This week in Fintech: TFT Bi-Weekly News Roundup 25/10
Fintech Times Bi-Weekly News Roundup Sees BitOasis Teaming Up With Mastercard To Launch Crypto Linked Cards And More.
Partnership
BitOasisthe 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.
Helixthe cloud-based embedded financial platform, has entered into a partnership with BM Technologies, the US-based bank-as-a-service provider. The goal of the collaboration is to offer comprehensive embedded banking solutions for consumer brands. The companies will use Helix’s platform and banking partnership with BM Technologies’ app development service.
ChapterThe SME lender, has chosen Mambu, the software-as-a-service cloud banking platform, to serve and manage a variety of client contracts. Kapitus aims to further expand and develop its offerings for SMEs. Andrew ReiserCEO of Kapitus, cited Mambu’s easy-to-use user interface that requires “little or no” coding experience to create financial products.
peakThe Web3 network, which runs the “thing’s finances”, has entered into a partnership with deltaDAO, a GDPR-compliant provider of data economy solutions. The two companies want to launch an instance of the Gaia-X Web3 ecosystem where data from the Peaq network can be monetized.
Meanwhile, Marketthe modern card issuing platform, has entered into a partnership with the European bank Raiffeisen Centrobank. Marqeta will run a new brand for the bank, Raiffeisen Digital Bank.
Blockchain network Minimum Global has entered into cooperation with Mini payment to introduce a payment app on Minima’s blockchain network. The app will use near field communication (NFC) to make retail payments.
Product and feature launches
Revolut has launched a new function for renting holiday homes with cashback, ‘Home’. Homes will become part of Revolut’s accommodation booking service, ‘Revolut Stays’. The launch means customers can receive up to 4 percent cashback (depending on their Revolut plan).
B2B payment platform Plastic has launched extended integration options for its built-in financial product. A new integration method offers an integrated user interface that requires even less development time for ‘Plastiq Connect’.
Finally fintech company Jifiti has announced business-to-business BNPL functionality for its platform. Jifiti aims to help its banking and trading partners with this move by offering a high level of customization to their corporate customers.
The job is moving
Atomic bankthe 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 up the position at Atom after six years in the company. He previously held the roles of Group Finance, Deputy CFO and Director of Corporate Finance.
Private Markets Alpha (PM Alpha), appoints Rebecca Bonini as operational due diligence and product specialist. Bonini joins from Aksia Europea provider of alternative investment solutions, where she held the position of analyst and then senior analyst in its own operational due diligence team.
Argentem Creek Middle Eastemerging 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. Before joining Argentem Creek, Westrik spent 20 years at ABN AMRO/ RBS in London, Amsterdam and Houston.
Financing and investments
Start-up fintech Uplinq, the credit and score assessment platform, has received a $1.25 million investment. The investment comes from a venture capital company ATX Venture Partners. This announcement comes after Uplinq raised $3.5 million in a pre-seed funding round in April 2022. Uplinq is using the funding to continue its expansion.
QantevThe AI insurance for health insurers, has raised €10 million from a Series A funding round from Omnes, RAISE Ventures and Elaia Partners. The company intends to use this funding to accelerate the expansion of its business into new markets to provide health insurers with advanced analytics capabilities.
Surf, the revenue team workspace, has completed a rebrand from ‘Leadjet’ and raised a €4 million seed round. 360 Capital, a European venture capital firm, helped raise the funding to be used for team growth and product development.
Other news
The The Norwegian Financial Supervisory Authority’s conduct authority (FSCA) has published the Statement on Crypto Assets as a Financial Product under the FAIS Act. This move brings providers of financial services in relation to cryptoassets within the FSCA’s regulatory jurisdiction.
Abu Dhabi Global Market (ADGM), the International Finance Center (IFC) in the UAE capital, is celebrating its seventh anniversary. Its chairman Ahmed Jasim Al Zaabi toured IFC to discuss the growth and development achieved by ADGM along with future plans.
