Category: Doing Business Overseas

We may have missed an alum or two. But with the second quarter of 2022 in the books, here’s a look at our Finovate alumni funding for April, May, and June of this year. As of our current count, eight Finovate alums have raised more than $984 million in Q2 of 2022. Of the eight…

After a financial institution has successfully digitized its loan origination and account opening system, improving the user experience is the next step. Engaging users is crucial, Kristiane Mandraki, director of business development and marketing at software developer fintech Praxent, tells Bank Automation News in this episode of “The Buzz” podcast. “The best way for banks…

Finovate Best of Show winner Arkose Labs announced an integration with Ping Identity. The partnership will combine Arkose’s Fraud Deterrence Platform with Ping Identity’s PingOne DaVinci no-code identity orchestration service. Arkose Labs made its Finovate debut in 2019. Ping Identity has been a Finovate alum since its appearance at FinovateEurope in 2012. Fraud deterrence and…

Varo Bank is joining other fintechs struggling in a worsening economic environment. The charter bank announced last week that it recently laid off 75 employees, or about 10% of its workforce. The cuts are the result of increased inflation and market volatility, Varo Chief Executive Colin Walsh said in a July 19 staff message. “As…

The race is on to regulate crypto. Last month the EU announced that its regulation on markets in cryptoassets had been agreed in principle. Now the UK has unveiled its own legislation for rolling out the government’s “staged and proportionate” approach to regulating cryptoassets. However, the impact for market participants will only become clear once…

Have you seen on Netflix the documentary “Trust No One: The Hunt for the Crypto King”? It was released a few months ago and it talks about Quadriga CX – the Canadian Bitcoin exchange – and its founder, Gerry Cotten, who died suddenly in 2018 and took the private keys to $250 million in cryptocurrency…

European business finance solution company Qonto is seeking to acquire its competitor Penta. Together, the two will serve more than 300,000 small business customers across Germany, France, Italy, and Spain. Terms of the deal have not been disclosed. Two European business finance solution companies have agreed to join forces. In the deal, which is expected…

Dynamic Planner, a risk-based financial planning firn based in the U.K., has secured what the company is calling a “significant investment” from private equity growth firm FPE Capital. Terms of the investment were not disclosed, but the additional funding is designed to help accelerate Dynamic Planner’s expansion plans in the U.K. and Europe. Dynamic Planner…

Private equity firm Motive Partners raised $2.5 billion for its Motive Capital 2 fund last week. Motive Capital 2 invests in software and information services businesses in North America and Europe, according to a release. The fund closed above its original hard cap of $1.5 billion with the help of investments from public and private…

Capital One is looking to the fintech market for potential acquisition opportunities as purchase prices drop. “As the pricing has crashed in that marketplace, we continue to watch the market carefully,” Chief Executive Richard Fairbank said during Thursday’s second-quarter earnings call, noting that when an opportunity arises for a tech acquisition, the bank is “well-suited”…