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London fintech for immigrant communities Aspora raises $53 million

/startups

London fintech for immigrant communities Aspora raises $53 million

London fintech Aspora has raised $53 million in Series B funding, furthering its mission to build a financial ecosystem tailored to the unique needs of diaspora communities.

Fintech sector braces for wave of M&A

/startups

Fintech sector braces for wave of M&A

After more than a decade of growth and hundreds of funded companies, European fintech is no longer a startup story — and the stage is set for a wave of strategic acquisitions over the next two to three years according to Victor Basta, managing partner at investment bank Artis Partners.

Sabadell weighs sale of TSB

/retail

Sabadell weighs sale of TSB

Spain's Banco Sabadell says it has received expressions of interest from potential buyers for a takeover of UK subsidiary TSB.

Alipay embeds payments into AR glasses

/payments

Alipay embeds payments into AR glasses

Alipay has integrated QR code payments into augmented reality glasses from Chinese outfit Rockid to enable users to pay for products instore by looking at the label.

Osttra, Baton and Partior expand FX settlement ecosystem with tokenised commercial bank funds

/markets

Osttra, Baton and Partior expand FX settlement ecosystem with tokenised commercial bank funds

Partior’s digital cash settlement network has connected to Osttra and Baton Systems' on-demand FX payment-versus-payment (PvP) settlement service.

Sidekick goes live with wealth platform for six-figure earners

/wealth

Sidekick goes live with wealth platform for six-figure earners

Sidekick has launched a new UK digital wealth platform built to serve six-figure earners who’ve outgrown basic financial products but don’t have the millions needed to access private banks.

Pix adds recurring payments

/payments

Pix adds recurring payments

Brazil's Pix instant payments platform has added a recurring payments feature.

Klarna opens hotline to CEO's AI avatar

/ai

Klarna opens hotline to CEO's AI avatar

Klarna has launched a hotline to an AI avatar of CEO Sebastian Siemiatkowski where consumers can provide conversational feedback on product features, issues and suggestions for improvements.

LemFi buys Pillar to expand credit services to immigrants

/inclusion

LemFi buys Pillar to expand credit services to immigrants

LemFi, a financial services platform for immigrant communities has acquired UK fintech Pillar to expand its credit services. Terms of the deal were not disclosed.

Shawbrook Bank owner Pollen Street eyes up takeover of Metro Bank

/retail

Shawbrook Bank owner Pollen Street eyes up takeover of Metro Bank

Shares in Metro Bank have continued to climb in early-morning trading after it emerged that the UK lender may have been lined up for a takeover by private equity firm Pollen Street Capital.

Sezzle files antitrust suit against Shopify

/payments

Sezzle files antitrust suit against Shopify

BNPL provider Sezzle has sued Shopify, alleging that the e-commerce marketplace has been stifling competition on its platform.

Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants

/crypto

Shopify, Coinbase, Stripe bring USDC stablecoin payments to merchants

Shopify is partnering with Coinbase and Stripe to allow merchants to process stablecoin payments for everyday commerce.

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