This Week in Fintech: TFT Bi-Weekly News Roundup 12/01 | Fintech time

Fintech time Bi-Weekly News Roundup brings investment success stories for Shield and Buckzy Payments, plus a new Sales Director for Tuum.

Financing and investment

Buckzy Payments, a Canadian real-time cross-border payments network, secured $14.5 million in Series A funding from new and existing investors. It plans to use the funding to enter new geographies and support the expansion of its product offerings. The funding was led by Mistral Venture Partners and Uncorrelated companies, also with the participation of Tobogganing capital and Blue 9 Capital.

Pay as a teamthe all-in-one shopping platform, raised $47M in Series B funding led by an existing investor End venture capital. Mastercard, Proof Ventures, Trestle and Espresso capital also backed the oversubscribed round, bringing Teampay’s total funding to $65 million. Additionally, Teampay will expand its partnership with Mastercard to accelerate its go-to-market strategy.

Israel’s Shield secured $20 million in Series B funding. Directed by Capital Macquarie and joined by UBS through its venture capital and innovation unit UBS Next, Mindset Ventures as good as Our Crowd. It follows a $15 million Series A round in early 2022. It will use the funds to further expand into existing markets and expand into new ones, including the United States. The company also opens its second R&D center in Lisbon, Portugal.

Job appointment

Cloud banking solution provider nCino named William (Bill) Spruill to its board of directors. Spruill is the co-founder and former CEO of Global Data Consortium (GDC), an electronic identity verification company. He joins as the company plans to expand globally.

By default, a financial reporting, rating and fintech company, has appointed Glenn Porter as the new commercial director. He will lead the development of its insights and data-driven services to help people make smarter financial decisions. Steve Lomax also joined the company as chief operating officer earlier this year.

IDnowthe European identity verification platform provider, has appointed Jason Tucker Feltham as head of crypto sales. He is also chairman of the committee of Global Crypto Club. He will be responsible for IDnow’s go-to-market crypto strategy.

Tuum, the main banking platform, appointed Giorgio Daher as UK Sales Manager. The appointment is part of the company’s wider strategy to support strong demand for its technology in the UK, including the opening of a new office in London. Tuum was formerly known as Modular bank but renamed last September.

Company Updates

cambrist‘s data processing platform has now processed over $1 billion in cross-border payment transactions since the platform was officially launched in 2019. Its platform is used by banks and fintechs to provide advanced back-office efficiencies associated with currency wallets, card systems settlement, reconciliation and reporting for debit and credit card programs.

MANGOPAY acquires Nethon provide platforms and marketplaces with dedicated anti-fraud solutions. As part of International AdventMANGOPAY acquires fraud detection and prevention company Nethone to provide platforms with a holistic payment and risk management solution.

Kriya – the new name of MarketFinance – unveiled the company’s new brand and also names a new chairman of the board and two other board members. Michael Woodburn becomes the new chairman of Kriya’s board. Michael also joins the board of Kriya Luke Griffiths and Myles Dawson.

Partnerships

Naftathe Web3 technology platform, announces a new partnership with VIKER, a blockchain game studio with a growing portfolio of play-and-earn mobile games. Nefta will provide its end-to-end Web3 technology to VIKER to facilitate deeper integration of blockchain into its current and future games.

paysafe, a payment platform, partnered with a travel brand Virgin trips. Paysafe will ensure that travelers can pay quickly and securely online for their next cruise with the company. It also means that Virgin Voyages can accept payments in multiple currencies in addition to US dollars.

Visa and GoHenry extending a successful partnership in the UK to help children around the world gain confidence with money and finances. Visa becomes the exclusive network partner for GoHenry prepaid cards for children and teens in the US, UK and Europe.

Mbanq, a US banking-as-a-service provider, expanded its relationship with Temenos to accelerate BaaS adoption in the US. The agreement deepens collaboration between the companies following the launch last year of a joint credit union-as-a-service offering. Temenos also took a minority stake in Mbanq.

Pyramid Analyticsthe intelligence platform provider, announced new partnerships with Datazed Associates, Data Response and Consulting in digital data. Partners have access to Pyramid Decision Intelligence Platform, an innovative augmented analytics platform.