Ume, a payment network and merchant services platform for small- and mid-sized businesses (SMBs) on Pix, today announced it has raised $ 15 million in Series A equity funding. The round was led by PayPal Ventures, with participation from NFX, Globo Ventures, Clocktower Ventures, Big Bets, FJ Labs, Endeavor and Norte Ventures. Ume has also raised a USD $20 million FIDC debt facility from Verde, Wersten Asset, Itaú, Credit Saison and Milenio.

Fime, a global leader in consulting, testing, and certification services, is excited to announce the acquisition of Consult Hyperion, a renowned consultancy firm with expertise across payments, smart mobility and digital identity. The acquisition augments and cements Fime’s ability to deliver comprehensive consulting and advisory services—from ideation to implementation and testing—across these key sectors.

Paymentology, the leading global issuer processor, today announces a continuation of its partnership with Zambian fintech, Union54, a company dedicated to providing secure messaging and instant payment systems.

HiBob, the company behind Bob, the modern HR platform transforming the world of work, today proudly announces the launch of UK Payroll, a next generation payroll processing product for the UK workforce. 

Tide, the UK’s leading business financial platform, has reached one million customers (members) globally, a significant milestone for the Company. This includes 650,000 members in the UK, and 350,000 in India, where it launched in December 2022. Tide entered the German market in May, where it has started to roll out its product proposition.

CTS EVENTIM, the leading provider of ticketing services and live entertainment in Europe, and number two in the world, is offering its customers a new, simple, and user-friendly payment option. Collaborating with Tink, a market-leading payment services and data enrichment platform, CTS EVENTIM has now added Pay by Bank to its checkout process. Pay by Bank shortens the payment journey and improves the user experience.

The rapid evolution of fintech is transforming industries by making financial services more accessible, user-friendly, and tailored to consumer needs. This wave of innovation is now extending beyond traditional finance, giving eCommerce platforms the opportunity to integrate fintech solutions that not only enhance customer experience, but improve revenue and streamline operations, unlocking significant cost savings. 

Moneybox, the award-winning savings and investment platform, has chosen next-generation reconciliation software specialists, Aurum Solutions, to automate its reconciliations. The integration of Aurum’s automation will enable Moneybox to handle higher transaction volumes, expand its product offerings, and invest in new app features. 

ClearBank, the enabler of real-time clearing and embedded banking, today announced the appointment of Valerie Romanovskaya as UK Chief Financial Officer, subject to regulatory approval. In this role, Romanovskaya will join ClearBank UK’s Executive Team and UK Board of Directors.

Temenos today announced today that MidWestOne Bank, a community bank headquartered in Iowa with approximately 140 thousand customers and branches across 4 states, has gone live with Temenos Digital Onboarding as SaaS on Amazon Web Services (AWS). The SaaS solution was implemented for MidWestOne by RCG Global Services, a Temenos Delivery Partner in North America.