The Series B funding was led by brothers Sam and Jack Altman and a number of angel investors.
Johan Schmalholz is also currently acting as a payments advisor at the e-krona division of Sveriges Riksbank and is one of the speakers at the Central Bank Digital Currency event in April.
Hamburg-based fintech Varengold Bank has provided the debt financing for the start-up, which has a ‘mission’ to widen access to affordable personal loans.
New research by cloud banking platform Mambu reveals 48% of consumers are ‘scared’ to use Open Banking, but that the majority do want more control over their finances.
Corporate venture arm of FIS has invested an undisclosed amount in the UK and Ireland-based fintech.
Licence means Token can provide PISP and AISP across EU and has appointed Benjamin Pannier to run technical operations at its new EU headquarters in Berlin.
John Hammond joins as chief commercial officer as Railsbank prepares for international push.
The Open Banking Expo Awards is the only independent awards scheme in the Open Banking space and will celebrate the innovators, disruptors and visionaries across the globe.
The Series B funding round values the spend management platform at $1.6 billion.
The Digital Markets Unit, which comes under the CMA, aims to create ‘level playing field’ in digital markets.
TrueLayer will use the Series D financing to accelerate the roll-out of its Open Banking network
New investors joining the Plaid journey include Altimeter Capital, Silver Lake, and Ribbit Capital.
The deal is all part of the credit union’s drive to improve the experience for its members.
Banks can have the “speed and agility” of a start-up and the “security and reliability” of an incumbent, according to Starling Bank Jason Maude.