Priya PatelTLDR: This bi-weekly news roundup highlights key developments in the fintech industry, including funding updates, company updates, partnerships, and appointments.
– B2B payments company Mondu has raised an additional €30 million in debt financing from German bank Vereinigte Volksbank Raiffeisenbank (VVRB), bringing its total raised to over €115 million since launching in October 2021.
– Tech-forward platform ModernFi has closed an $18.7 million Series A funding round to bring its services to community and regional banks.
– Climate tech investment marketplace HeavyFinance has financed €50 million in agricultural loans across Europe, supporting almost 1,700 projects.
– Global financial super app Revolut has launched Mobile Wallets, allowing customers to send money abroad using recipient IDs such as their name and phone number or email address.
– Spanish fintech ID Finance has partnered with Meeting Pros to offer free access to legal, medical, and veterinary consultations through its app.
– Payment acceptance company Ingenico and payment platform Cybersource have formed a strategic partnership to create a global unified commerce solution.
– Mastercard and The Clearing House have extended their partnership to collaborate on real-time payments capabilities through the RTP network.
– Wealth management business Chip has appointed Adam Seale as non-executive chair, while financial services company Bread Financial has named Allegra Driscoll as executive vice president and chief technology officer.
– Payment solutions provider BlueSnap has hired Sharon Weiss as general manager, Israel and EVP of R&D, and digital solutions provider Fenergo has appointed Andrew Brandman as chief customer officer.
– Enterprise distributed ledger technology firm R3 has launched a new DLT product suite and appointed Kate Karimson as chief commercial officer.
– Asset-backed public reporting company Unicoin Inc. has appointed Jay Derenthal as strategy advisor to the CEO.
– Payments firm DNA Payments Group has hired Jan-Pieter Lips as CEO, and risk and data science consultancy Jaywing has welcomed Ben Archer as lead consultant.
– Financial product and market intelligence company Defaqto has named Sally Boyle as chief sales officer.
– Risk and financial advisory solutions provider Kroll has appointed Elena Moisei as managing director within its Luxembourg portfolio valuation practice.
