FusionIQ, a leader in the delivery of cloud-based wealth management solutions with their all-in-one digital platform for financial institutions, today announced a partnership with Kinecta Federal Credit Union. The integrated FusionIQ One platform makes it easy for banks and credit unions to offer additional investing services focused on retaining customers while growing their membership base.

Paymob, the leading financial services enabler in the Middle East, North Africa, and Pakistan (MENA-P) has announced its partnership with Tamara, the leading shopping and payments platform in the GCC region.  

The Tracxn Geo Annual Report: UK FinTech 2023, based on our extensive database, provides a round-up of funding and other major developments in the UK FinTech space in 2023. 

In terms of funding, the UK FinTech startup ecosystem ranks second after the US, in 2023. The country has more than 13,000 companies in the FinTech space, accounting for nearly 10% of all FinTech companies worldwide. 

Our world is increasingly connected, and this brings with it an increased demand for digital solutions. This includes payments, with consumers now expecting them to be faster, more convenient, and more secure than ever. Instant payments promise not only to meet these expectations but also to surpass the capabilities of any current method of payment. It is on this basis that the European Payments Initiative (EPI) aims to change the way Europe pays.

Chetwood Financial has announced Julian Hynd as its new Chief Operating Officer.

Founded in 2016, Wrexham-based Chetwood Financial is a digital bank. As well as its existing consumer savings products, Chetwood Financial is soon to launch ModaMortgages, a new specialist, broker-only buy-to-let (BTL) mortgage lender.

Hitachi Payment Services, India’s leading end-to-end payments and commerce solutions provider, today announced that it has completed its acquisition of Writer Corporation’s Cash Management Business and unveiled its new name – Hitachi Cash Management Services, in line with Hitachi’s single brand identity. Hitachi Cash Management Services Pvt. Ltd. would be a wholly owned subsidiary of Hitachi Payment Services Pvt. Ltd.

Montonio, the online payment solutions provider, is thrilled to announce its strategic partnership with Totalizator Sportowy, the Polish national lottery provider with a legacy spanning over 67 years. This collaboration signifies Montonio's continuous commitment to offering top-tier payment solutions, catering to a diverse range of industries and sectors.

Maalexi, the UAE-based dynamic risk management platform for SME agri-businesses, announces its completion of a $3 million pre-Series A fund raise. 

The funding round was led exclusively by Global Ventures - MENA’s leading venture capital firm - which joins existing venture capital investors Rockstart (Amsterdam) and Ankurit Capital (New Delhi).  

The efficiency and innovation witnessed in Consumer-to-Business (C2B) transactions stand in stark contrast to the often sluggish nature of Business-to-Business (B2B) payments. 

Origence, the leading credit union lending technology company in the U.S., and Tesla, the largest EV manufacturer in the world, announced a partnership to offer credit union financing to EV buyers through the Tesla website. This partnership will provide Tesla buyers seeking affordable monthly payments with more options through credit union financing.