Luge Capital, a Canadian fintech venture capital fund with a focus on AI, has opened for business after securing a $75 million investment pot from several Quebec-based financial institutions.
Digital banking startup Revolut is entering the Russian market after inking a deal giving it access to the payment infrastructure of local player Qiwi Bank.
Open API card issuing and processing platform Marqeta has raised $45 million in a funding round led by Iconiq Capital and joined by Goldman Sachs.
Mastercard has unveiled a suite of services to help banks and fintechs navigate the Open Banking terrain.
UniCredit has acquired a minority stake in personal financial management software house Meniga for EUR3.1 million.
The European Fintech Alliance (EFA) has accused the EC of failing to give startups a voice in a new expert group on regulating fintech innovation, instead packing the body with traditional financial institutions.
Visa in Europe has launched a $100 venture investment fund and a fast track programme for onboarding fintech startups to the network.
Finextra and the Euro Banking Association have announced the first nine early stage startups selected to exhibit their products and ideas to banking heads from across Europe at the EBA's flagship payments and transaction conference EBAday2018.
UK challenger Starling Bank is reportedly in the early stages of raising £80 million in new funding as it rounds out its business banking offering and competes for a £120 million grant from the RBS bail-out fund.
Nigeria's neo-banking market is picking up steam with new funding rounds announced for credit-based platform Lydia and online and mobile savings startup Piggybank.ng.
© Finextra Research 2018