Today in FinTech: Neat Capital closes B-1
In today’s FinTech news, Neat Capital expands its lending business to help homebuyers close quickly, while Abhi’s lending business in Pakistan helps people hold on until the day of pay. Additionally, NovoPayment is considering new locations in Austin and San Francisco.
Home Loan FinTech Neat Capital Wraps Series B-1
Neat Capital is using its new capital injection to grow its consumer mortgage lending business. Neat Loans gives potential home buyers the opportunity to compete with cash buyers and also uses a proprietary real estate financing platform to speed up the process. Customers can close in as little as two weeks.
Loan start-up Abhi valued at $90m after Series A
Loan startup Abhi secured $17 million in a Series A funding round. Based in Pakistan, the company offers people a loan alternative to carry them through to their next payday. It also provides financing to SMEs to help them meet working capital needs.
NovoPayment BaaS Platform Raises $19
NovoPayment uses funds raised in its Series A round to scale its Banking-as-a-Service (BaaS) platform. The new capital will also be used to expand its workforce and open new offices in Austin and San Francisco.
Thunes takes majority stake in compliance firm Tookitaki
Global payments company Thunes is acquiring a $20 million majority stake in anti-money laundering (AML) and compliance platform Tookitaki. The two companies are working together to expand both companies’ global presence and create more transparency around global payment flows.
Payment companies MYPINPAD and SmartPesa plan to merge
Mobile payment company MYPINPAD and payment and banking solutions provider SmartPesa plan to join forces and offer more products while doubling their international presence. The combined entity will operate under the MYPINPAD brand.
UniCredit expands its open banking alliance with Worldline
UniCredit is extending its alliance for another two years with global payments company Worldline to operate its Open Banking Third-Party Provider (TPP) service. With Worldline, UniCredit customers can connect their accounts at other banks across Europe using a single application programming interface (API).
2022: the year of learning and evolution
Cryptocurrency is not going away and has permanently changed the financial services landscape, writes John Helmle, Inmar’s Executive Vice President and President, FinTech, in a new PYMNTS eBook. A decentralized finance model could offer a new evolution without banks at its core.