Virgin Money is partnering with BrightHR, the award-winning multi-service HR platform, to provide its small business customers with support in managing all their HR and health & safety needs. 

The bank's offering to business current account customers is being transformed with its improved digital proposition, which will offer services - such as BrightHR - to help customers run their businesses successfully.      

Brazilian digital banking FinTech firm Neon on Thursday (July 21) announced that it has raised $80 million in its first Credit Rights Investment Fund (FIDC) focused on credit cards, increasing the total fund to $170 million, a number that is expected to double, according to a 

Visa is reportedly in talks to contribute to a funding round for FinTech startup Airwallex, according to people familiar with the matter.

Sources told Bloomberg that Airwallex’s goal is to raise $100 million to $150 million in an extension for its Series E round, per a report Wednesday (July 20).

Varo Bank has become the latest fintech player to make job cuts, axing 75 positions as it looks to cut costs in the face of worsening economic conditions.

TomoCredit, the US startup behind a credit card designed to help first-time borrowers build a credit history, has raised $22 million in a Series B funding round joined by Morgan Stanley's Next Level Fund and Mastercard.

Qonto, an online payment solution targeted at freelancers and SMEs, has announced its intention to acquire German fintech, Penta. The deal is expected to close within the next few weeks.

PayMate India Limited (“PayMate”), a leading B2B payments and services provider that digitizes, automates, and streamlines business-to-business (B2B) payments in supply chains, has integrated the capability to make utility bill payments using commercial credit cards as a new feature on its platform.

The insurtechs Next and Thimble recently announced layoffs of part of their workforces, stating that the need to focus on profitability drove their decisions, per the Insurance Journal. Next CEO and co-founder Gary Goldstein also cited worsening economic conditions as a contributing factor to his firm’s reduction in force.

Dual currency investment products are not new. They are commonly seen in traditional investment services combining financial instruments like derivatives and non-derivatives. However, the Europe-based FinTech platform YouHodler is taking an old wealth generation approach and reimagining it for the burgeoning industry of cryptocurrency. 

Mastercard today named Vivian Zhou as Corporate Treasurer, effective August 15, 2022. She succeeds Alfred Kibe, who will assume the role of CFO of Mastercard's North America region.