Tide, the UK’s leading business financial platform, has today announced it has acquired Onfolk, a UK SME payroll solution, with integrations for accounting, pensions and people systems. The move strengthens Tide’s admin proposition for small businesses. More than one in 10 (c.11%) small businesses in the UK now use the Tide app. After the acquisition, Onfolk will be integrated into the Tide app and become Tide Payroll. 

Temenos today launched a SaaS enterprise service for cross-border payments, empowering Payment Service Providers (PSPs), including banks, electronic money institutions (EMIs) and fintechs, to swiftly launch and lower the cost of cross border payment services.

HSBC have launched a new cross border e-commerce payment solution for banks worldwide, enabling their merchant business customers trading on e-commerce sites to seamlessly receive EUR and GBP payments via their local bank account.

Prior to HSBC’s introduction of this virtual account solution, businesses in certain jurisdictions were only able to access EUR and GBP funds using cross-border payments at greater cost to e-marketplace platforms and merchants, due to additional fees and FX rates.

Stripe has announced its acquisition of Bridge, a startup specializing in stablecoin infrastructure, as revealed in a tweet on Monday, informs Reuters. Although the financial terms were not disclosed by the company, a report from Forbes last week, citing inside sources, valued the deal at $1.1 billion.

Canva, a global visual communication platform, has formed a partnership with EBANX, a global technology company specializing in payment services for emerging markets.

Pipe, a fintech company partnering with software platforms to deliver embedded financial solutions for SMEs, and bank payment company GoCardless today announced a partnership to reshape capital access for UK businesses.  Under the partnership, Pipe's customer-friendly capital offering will be accessible via the GoCardless platform, providing simple and seamless capital access for its UK customer base.* 

Finastra today announced its Loan IQ Simplified Servicing solution at Sibos 2024. The solution takes the rich functionality available in Finastra’s Loan IQ and combines it with a streamlined user interface that’s optimized for servicing high volume bilateral and SME loan portfolios.

YouLend, a global embedded financing platform today announces that it has secured a new financing facility with funds managed by Castlelake, a global alternative investment firm that specializes in asset-based private credit. The new facility broadens YouLend's investor base in the US and increases YouLend's available capital which has the potential to now extend over $1 billion in revenue-based financings to US SMBs over a three year period.

NCR Atleos Corporation, a leader in expanding self-service financial access for financial institutions, retailers, and consumers, today announced that $7.8 billion-asset Tompkins Community Bank has expanded its relationship with Atleos by choosing Atleos’ ATM as a Service (“ATMaaS”) solution to transform self-service banking.