Partnerships

PayMate B2B Customers to Make Utility Bill Payments Using Visa Commercial Credit Cards

Apiture, a leading provider of digital banking solutions, announced the closing of a $29 million fundraising round led by Live Oak Bank, with participation from other existing investors. The investment brings the total funding raised by Apiture to $69 million since its inception in 2017.

Mahalo Banking, a CUSO that provides online and mobile banking solutions for credit unions, completed a $20 million funding round this month that was led by Ohio-based Superior Credit Union, Ky.-based Park Community Credit Union and Del.-based Dover Federal Credit Union.

Conversational commerce startup Charles has raised $20 million in Series A funding to help European sellers benefit from e-commerce in WhatsApp.

Salesforce Ventures led the round in Berlin-based Charles, with participation from Accel and HV Capital.

Aspire, the #1 all-in-one finance operating system for growing businesses in Southeast Asia, has joined forces with award-winning RegTech provider Know Your Customer to safely facilitate access to its financial products to underserved SMEs and entrepreneurs in the region.

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.