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Vyne raises $15.5M seed round to grow its merchant-focused open banking solutions

TechCrunch

Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. TrueLayer nabs $130M at a $1B+ valuation as open banking rises as a viable option to card networks. million to help it grow.

Banking 207
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TrueLayer raises $70M for its open banking platform

TechCrunch

TrueLayer , the London startup that offers a developer-friendly platform for companies, including other fintechs, to utilise open banking, is disclosing $70 million in new funding. In the past 12 months, the fintech has expanded its services across 12 European markets. The Series D round is led by new investor Addition.

Banking 223
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Token.io raises $40M to expand open banking-based account-to-account payments in Europe

TechCrunch

One comparable for Token, and a mark of how big the overall business is, is TrueLayer , a major open banking player also based out of the UK that last year raised a big round of $130 million at a valuation of more than $1 billion. “Open banking solves the barriers of account-to-account payments, and it will allow these to go mainstream.

Banking 204
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Fintech veteran Jitendra Gupta is ready for his new inning — now he is going after banks in India

TechCrunch

For most people in India, having to engage with banks doesn’t instill a sense of joy. Banks in the South Asian market are notorious for making unannounced spam calls to upsell customers loans and credit cards, even when they have been explicitly asked not to do so. But even these services have a ceiling limit of some sort.

Banking 221
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Atomic lands $40M in funding, just five months after its Series A, to connect banks and fintechs to consumers’ paychecks

TechCrunch

The Salt Lake City, Utah-based company’s API-delivered product, which focuses on payroll data, powers 70 banks, credit unions and fintech companies such as Coinbase, Dave and Propel. Its technology allows people to “securely” access their payroll data with passwordless authentication, the company said.

Fintech 224
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Blockchain: Distributed Shared Ledger Technology in Banking

Hacker Earth Developers Blog

Over 90% of the world’s leading banks are either exploring, experimenting (PoCs), or formulating a strategy for leveraging blockchain technology, says an Accenture survey. Blockchain technology operates beneath these processes and infrastructure and empowers a better, faster, and more authentic business process. Areas of impact.

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Kenya’s AIfluence closes $1M for its AI-powered influencer marketing platform

TechCrunch

Influencer marketing is one of the fastest-growing and one of the most impactful media channels today. Marketers have now realized that their customers trust the recommendations of people they relate with. AIfluence is a two-year-old startup with an AI-driven influencer marketing approach to measuring these campaigns.

Marketing 244