FinTech Futures

ICYMI fintech funding round-up: Sourcefin, Volume, Leap Financial, and Juicyway At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up so you can get the latest funding news. > South African fintech Sourcefin has secured an investment of approximately $8.1 million (ZAR 150 million) from Futuregrowth Asset Management through its High Growth Developmental Equity Fund (HGDEF). > Volume, a London-based one-click checkout fintech, has bagged $6 million in a seed round led by Italian venture capital firm United Ventures. > Miami-headquartered paytech Leap Financial has raised $3.5 million in a seed round led by Fuel Venture Capital and Ascendo Venture Capital. >Juicyway a Nigerian payments start-up, has emerged from stealth with a $3 million pre-seed round led by P1 Ventures, a San Francisco-headquartered venture capital firm. https://lnkd.in/ehZbPBc9

Kobble debuts new embedded finance platform in Australia Operating as part of the Fincraft Group, Kobble’s API-driven platform enables third-party businesses to integrate financial services into their existing product offerings. https://lnkd.in/exDZidwf

The invisible drain: Why global #payments cost more than you think Large organisations often discover process inefficiencies the hard way. What starts as a small operational leak – perhaps a redundant approval step or a manual data entry requirement – seems minor in isolation. But multiply that across thousands of global transactions and hundreds of employees, and these small inefficiencies transform into massive resource drains. The real challenge? Most of these inefficiencies remain invisible, buried in processes and systems, their true cost only discovered when the damage is already significant. What could have been addressed early becomes a million-dollar problem hiding in plain sight. These hidden operational inefficiencies aren’t the only invisible drains on your business. Even more direct are the silent revenue leaks in the form of hidden fees. In partnership with Papaya Global Read the full article here >>> https://lnkd.in/egzHekBa

SEB Embedded teams up with Enfuce and Humla to launch Hemköp Matkonto card in Sweden The Hemköp Matkonto card uses Enfuce’s cloud-based #payments infrastructure in conjunction with SEB Embedded’s BaaS platform, which incorporates financial services from Humla, a retail fintech that first partnered with SEB Embedded in 2022. https://lnkd.in/ehwGFEcG

Singapore’s Funding Societies Singapore lands $25m investment from Cool Japan Fund クールジャパン機構 Funding Societies will use the investment to “deepen its core business in SME financing” in Singapore, Indonesia, Malaysia, Thailand and Vietnam, while also seeking to further develop the payments business it launched in 2022. https://lnkd.in/esuXYhMs

UK fintech Delio names new chair and outlines 2025 strategy Meyerowitz Singh currently serves as a non-executive director at Platform One, and sits on the board of Engage Smarter AI, an AI-driven platform for customer services and financial guidance. https://lnkd.in/gNwGpP8b

The Tipton & Coseley Building Society Society taps Mast to power #mortgage operations The building society, which lent £116 million to customers for mortgages last year, currently supports a wide range of mortgage options, including shared ownership, family assist, and buy-to-let purchase mortgages. https://lnkd.in/gFD-kaEp

Zest AI lands $200m growth investment, eyes “high impact M&A opportunities” The deal marks Insight Partners’ third and largest investment in Zest AI to date. The company made an initial $15 million investment in 2020 before co-leading a $50 million growth funding round with CMFG Ventures two years later. https://lnkd.in/gRtJthgX

US embedded finance #fintech Parafin secures $100m in Series C funding round The financing round, coming just months after the fintech secured a $125 million warehouse facility, was led by California-based VC Notable Capital with additional participation from Redpoint Ventures Inc and existing backers GIC, Ribbit Capital, and Thrive Capital. https://lnkd.in/gW8y2ugf

Register for the 2025 Identity & Payments Summit, hosted by the Secure Technology Alliance! Fintech Futures is a proud media partner. 🔗http://spr.ly/6042QQiBC This year's agenda will explore the intersection of payments, security and identity, with sessions on: 💻 Post-quantum cryptography 📱SoftPOS and Tap-to-Phone 🔐Cutting-edge strategies to prevent payments fraud 💰 Super ATMs and cash's role in the digital-first world ✋Biometric authentication ⚽Payment technologies and security measures for the upcoming FIFA World Cup and Olympics 🤖 AI to enhance security and streamline transactions 🌎 International implementation of identity-driven payments...and much more! #IdentityPaymentsSummit