Digital Asset Holdings, the blockchain startup founded by former JPMorgan exec Blythe Masters, has raised over $40 million of Series B financing from existing and new investors, led by Jefferson River Capital.
Santander's fintech venture capital fund has led a $6 million funding round for ePesos, a Mexican mobile payments startup targeting underbanked small businesses.
Having clinched a host of fintech cross-border agreements with regulatory agencies across the world, Abu Dhabi Global Markets is now turning its attention to the commercial banking industry, signing an MoU with YES Bank to spur collaboration between the Middle East and India.
OakNorth, a UK challenger bank targeting small- and medium-sized businesses, is looking to ramp up lending and license its technology around the world after raising £154 million from a group of international investors.
The fintech market globally made a strong rebound in Q2 2017, with total investment more than doubling on a quarter over quarter basis to more than $8.4 billion across 293 deals.
Payment Rails, a Canadian startup building an API-first payouts platform for businesses, has won a high-profile backer in the shape of ex-PayPal president Scott Thompson, who has invested in the firm and signed on as a board advisor.
Quebec-based credit union association Desjardins Group and local pension fund la Caisse have created a fintech investment fund of up to $75 million.
Mastercard has opened its first innovation lab in India to work side-by-side with the local financial community on future technology breakthroughs in digital payments, data manipulation, financial inclusion and fraud prevention.
With big tech firms and banks lining up at its door to talk about a potential acquisition, digital challenger Monzo is pressing ahead with the opening of its current account service, inviting all existing users of its pre-paid card to upgrade and opening a waiting list for new applicants.
The Luxembourg Bankers' Association (ABBL) has drawn up a 'Fintech Map' of the nation's startup ecosystem to help drive further collaboration with the established banking community.
© Finextra Research 2017