Search Results for "UBA"
10 results for "UBA"
Deals 10
Crypto Payments Infrastructure Startup Ramp Raises $70M Series B
Ramp, a crypto payments infrastructure provider, closed a $70 million Series B round co-led by Mubadala Capital and Korelya Capital. The company's APIs and SDKs enable businesses to embed crypto purchasing capabilities without requiring users to use an exchange. Total capital raised over the prior 12 months exceeded $120 million.
Subaio and Aiia Partner on White-Label Creditworthiness Solution for Banks
Subaio partnered with Aiia, a Mastercard-owned open banking platform, to create a white-label creditworthiness assessment solution for financial institutions. The solution combines Aiia's open banking data access with Subaio's recurring payment detection to automate credit scoring. Full rollout was expected in Q1 2022.
Finastra Showcases Open Banking Platform at DIFC Innovation Month
Finastra showcased its FusionFabric.cloud open banking platform during DIFC Innovation Month in Dubai. The event on June 16 highlighted API-driven tools for retail banking and payments aimed at empowering fintechs. The showcase underscores growing open banking and embedded finance momentum in the MENA region.
Belvo Raises $43M Series A to Scale Open Finance APIs in LatAm
Belvo, a Latin American open finance API platform often called 'LatAm's Plaid,' raised $43 million in a Series A round. Investors included Kaszek, Future Positive, Kibo Ventures, FJ Labs, MAYA Capital, VentureFriends, and angels such as Nubank's David Vélez and Wise's Harsh Sinha. The round was the largest Series A for a LatAm fintech at the time per Crunchbase data. The funding will help Belvo scale its developer-first API that connects apps to bank accounts, tax authorities, and gig platforms across Mexico, Brazil, and Colombia.
nbkc bank partners with KC Collective to sponsor fintech incubator program
nbkc bank partnered with KC Collective to sponsor its Fountain City Fintech (FCF) startup incubator program. The bank provides fintech startups with banking support, compliance expertise, and infrastructure to accelerate from inception to launch in 75 days. This partnership reflects a growing trend of community banks embedding themselves in fintech ecosystems.
Dubai Islamic Bank Launches 'Banking in Minutes' Mobile Account Opening
Dubai Islamic Bank introduced its 'Banking in Minutes' service, enabling UAE nationals and residents to open bank accounts entirely through the DIB Mobile App. The digital onboarding process involves scanning documents, taking a selfie, and signing digitally. Prequalified customers can also apply for credit cards in-app and use them immediately via Apple Pay.
Nigerian Fintech TeamApt Raises $5.5M to Scale White-Label Banking Products
TeamApt raised a $5.5 million Series A round led by Quantum Capital Partners to expand its white-label digital finance products for banks. The company provides solutions like Moneytor and Monnify to major Nigerian banks including Zenith, UBA, ALAT, and Sterling Bank. The funding will also support a consumer-facing app launch and international expansion into Europe and Canada.
Smooth Commerce Offers White-Label Mobile Payments via Scotiabank Lab
Canadian fintech Smooth Commerce, operating through the Scotiabank Digital Banking Lab ecosystem, offered white-label platforms for merchants including mobile payments, loyalty programs, and custom apps for multi-location retailers. The partnership combined Scotiabank's banking reach with Smooth Commerce's technology. This exemplified bank-backed fintech incubation for embedded commerce solutions.
Nubank Raises $180M From Tencent at $4B Valuation
Brazilian digital bank Nubank raised $180 million from Chinese tech giant Tencent, valuing the company at $4 billion. The investment from Tencent represents a significant cross-border bet on Latin America's largest digital banking platform. The funding supports Nubank's expansion of its financial services ecosystem in Brazil.
DIFC and Accenture Partner to Expand FinTech Hive Accelerator Globally
Dubai International Financial Centre (DIFC) and Accenture signed an agreement to strengthen FinTech Hive at DIFC's global position. The partnership aims to expand the fintech accelerator's reach and capabilities. This reinforces DIFC's role as a hub for banking and fintech innovation in the MENA region.