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PayPal leads $20m round for Gynger

Gynger, the first embedded financing platform for technology purchases, announces that it has raised $20 million in Series A funding, led by PayPal Ventures, with participation from Gradient Ventures, Velvet Sea Ventures, BAG Ventures and Deciens Capital.

/people

Moneyhub appoints senior hires

Moneyhub, the market-leading data and payments platform, continues its growth trajectory as it announces three new senior hires within its Personal Finance Technology (PFT) and Decisioning teams. This latest announcement follows a year of significant growth for Moneyhub, with high demand for its Open Finance solutions from new clients such as Scottish Widows, Standard Life and Voxi by Vodafone.

/ai

Machine learning startup Innzpira launches in the UK

Innzpira, a pioneering company in Predictive Psychology© and machine learning, announces a solution designed to revolutionise how banks and financial institutions assess client risk aversion. This innovative approach enables financial entities to offer tailored products that align perfectly with the comfort levels and preferences of their clients, enhancing customer satisfaction and financial outcomes. Innzpira showcased this cutting-edge technology at London Tech Week 2024.

/retail

One in four in Germany use prepaid cards to avoid debt

Germans are increasingly turning to prepaid cards and adjusting their spending habits to manage the ongoing cost of living crisis and to avoid debt, according to a new survey conducted by research firm Opinium, commissioned by leading online prepaid payment firm Recharge.

/payments

Adyen and SumUp partner on faster payouts to SMEs globally

Adyen, the financial technology platform of choice for leading businesses, and SumUp, the global leader in financial technology for small merchants, have joined forces in a strategic partnership to offer a best-in-class payment experience and accelerated settlements for millions of small businesses worldwide.

/retail

Brankas and Global Finteq team on Lending-as-a-Service in the Philippines

Brankas and Global Finteq have announced a strategic partnership to launch one of the first Lending-as-a-Service (LaaS) platforms in the Philippines.

/ai

Spring Labs introduces AI copilot for fintechs

Personal finance is a high priority for consumers with more than a third of Americans reviewing their checking account balance daily.

/people

PayPal appoints Srini Venkatesan CTO

PayPal Holdings, Inc. (NASDAQ: PYPL) today announced the appointment of Srini Venkatesan as Chief Technology Officer (CTO), effective June 24, reporting to PayPal President and CEO Alex Chriss.

/retail

3Rivers Federal Credit Union implements MeridianLink tech

MeridianLink, Inc. (NYSE: MLNK), a leading provider of modern software platforms for financial institutions and consumer reporting agencies, today announced 3Rivers Federal Credit Union (3Rivers FCU) successfully implemented MeridianLink Access and MeridianLink Opening to streamline its lending and account opening processes.

/security

Flutterwave to establish cyber crime research centre in Nigeria

Flutterwave, Africa’s leading payments technology company, has committed to partnering with Nigeria’s Economic and Financial Crimes Commission (EFCC) to establish and lead a state-of-the-art Cybercrime Research Center.

/identity

Capital.com improves onboarding with Trulioo

Trulioo, an industry-leading identity platform with proven global coverage for person and business verification, today announced a strategic partnership with Capital.com, a high-growth retail trading platform, to support its global expansion with streamlined, convenient onboarding.

/people

DTCC adds four senior industry execs to board

DTCC, the premier post-trade market infrastructure for the global financial services industry, today announced that four new Board Members have joined its Board of Directors.

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