#BankTech / London-based Curve raises $95 million, plans U.S. expansion

Curve, which combines multiple cards and accounts into one smart card and app, will use the funds in part to deepen its reach in Europe and “drive product innovation.” The fundraise brings the startup’s total funding to nearly $175 million since its 2015 inception. Curve’s banking platform has a smart card that allows customers toContinue reading “#BankTech / London-based Curve raises $95 million, plans U.S. expansion”

#BankTech #BaaS / Goldman Is Ready For The BaaS Explosion

While other banks are struggling to innovate and get into the emerging BaaS space, Goldman Sachs… has come from behind in the last two years and created an innovative digital platform that combines traditional cash management services, consumer deposits, and transaction banking in a seamless platform that positions the company for the future as aContinue reading “#BankTech #BaaS / Goldman Is Ready For The BaaS Explosion”

#BaaS / Moov Financial raises $27m in Series A funding round

The firm claims its systems allow banks to “quickly deploy basic financial service solutions”. Moov started as an open-source movement in 2017 from Wade Arnold and Bob Smith, veteran fintech founders of Banno (acquired by Jack Henry). Matt Harris, partner at Bain Capital Ventures, said back during the seed round that the industry has beenContinue reading “#BaaS / Moov Financial raises $27m in Series A funding round”

#BaaS / Why Stripe’s banking-as-a-service play is a big deal

New platform, Treasury, aims to let a client embed the financial services into its own marketplace in a single integration… San Francisco-based Stripe has been known over the years for building out “payments infrastructure for the internet.” Millions of companies… already use Stripe’s software and APIs to accept online payments, send payouts, and manage theirContinue reading “#BaaS / Why Stripe’s banking-as-a-service play is a big deal”

#LendTech #BaaS / Stripe To Offer Banking As A Service To Merchants On Its Platform

On Thursday (Dec. 3), the company pulled the wraps off of Stripe Treasury. The new venture will work with Citigroup, Goldman Sachs, Barclays and other financial institutions (FIs) to offer debit cards, bank accounts and other products to the online merchants and vendors who rely on Stripe’s payments processing platform. This is Stripe’s latest bigContinue reading “#LendTech #BaaS / Stripe To Offer Banking As A Service To Merchants On Its Platform”

#BaaS / Railsbank, the Banking-as-a-Service, raises $37M in growth funding

Railsbank, the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. … co-founder and CEO of Railsbank, tells … the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development. This will include the launch of “credit cards as a service” in the U.S. andContinue reading “#BaaS / Railsbank, the Banking-as-a-Service, raises $37M in growth funding”

#BaaS / Goldman Sachs has big plans for TxB, its new banking-as-a-service platform

Goldman Sachs unveiled a new banking as a service platform targeting transaction banking clients. [Goldman Sachs:] “At Goldman Sachs, we really focused on the idea of the financial cloud, really taking inspiration from how cloud providers have enabled a new era of technology products… We hope to do exactly the same to financial services, andContinue reading “#BaaS / Goldman Sachs has big plans for TxB, its new banking-as-a-service platform”

#BaaS / Railsbank lands $37m for US credit expansion

Railsbank, the London-based banking-as-a-service (BaaS) provider, has landed $37 million in “continued equity funding” for its international growth. To launch credit-cards-as-a-service, Railsbank has rolled out a number of other products which form its “backbone”. These include cards-as-a-service, compliance-as-a-service and credit-as-a-service. [Co-founder and CEO] … claims the fintech hasn’t pivoted its vision once since starring outContinue reading “#BaaS / Railsbank lands $37m for US credit expansion”

#BankTech / Afterpay becomes first fintech to join Westpac’s banking-as-a-service platform

Westpac has introduced local buy now, pay later player AfterPay as the first third party fintech to operate on its new banking-as-a-service platform. The new digital platform uses cloud-native technology from 10x Future Technologies and allows Westpac to deepen its relationship with fintech partners as they tap into traditional banking services for the roll outContinue reading “#BankTech / Afterpay becomes first fintech to join Westpac’s banking-as-a-service platform”

#BaaS / Afterpay Teams With Westpac To Offer Banking Services

The collaboration will enable Afterpay to offer its 3.3 million users checking and savings accounts on Westpac’s new BaaS platform… Afterpay will control how people see and experience the new service, while Westpac will handle the direct banking relationship with end customers. [Westpac:] “Over time, we’re likely to see a lot of those banking experiencesContinue reading “#BaaS / Afterpay Teams With Westpac To Offer Banking Services”