FinTech Futures

schedule2 Min Read UK digital bank Revolut has received conditional approval from the US Office of the Comptroller of the Currency (OCC) for its US national bank charter. The company filed its charter application with the regulator in March.

Here's our pick of five of the top news stories from the world of fintech this week, with a line-up featuring OpenPayd, TD Bank, Ingenico, Félix, and more. TabaPay raises $155m and confirms Transact Bank takeover bid US-based payments processor TabaPay has raised $155 million in a strategic growth financing round led by first-time investor FTV Capital, and has now also revealed plans to acquire Transact Bank NA in Colorado.

Bermuda-based financial services provider Apex Group has appointed former Barclays leader Nick Tomadakis as its new chief product officer (CPO), effective immediately. Reporting to Apex Group's founder and CEO Peter Hughes, Tomadakis will be responsible for the firm's global product strategy and will oversee the "continued evolution of Apex Group's technology-enabled solutions", according to a company statement.

Australian fintech Eftsure has acquired Relish, a US-based company specialising in AI-powered vendor data validation, workflow automation, and invoice processing technology. Eftsure makes the purchase from an investor base featuring Volition Capital and Base10 Partners. The purchase includes the Data Assure platform and Invoice AI technology developed by Relish since 2020.

schedule4 Min Read 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. Immediate lands $13m Series B to fuel platform expansion US-based fintech Immediate has raised $13 million in Series B funding to expand its earned wage access (EWA) platform.

Tyler Pathe,Senior Reporter, FinTech Futures schedule2 Min Read Nasdaq has closed its acquisition of portfolio company Dasseti, with plans to integrate the AI investment due diligence technology into its institutional intelligence platform eVestment. The financial terms of the deal have not been made public.

French paytech Ingenico has made a plethora of new appointments, onboarding a new chief technology officer (CTO), chief product officer (CPO), chief revenue officer (CRO), and chief customer excellence officer (CXO). All four hires are effective immediately. The leadership overhaul comes amid a wider group shake-up. Last month, the firm secured a €150 million investment to reset its capital structure and serve as the foundation to propel the company into its next phase of growth.

The Saudi lendtech has now secured just under $22 million since its founding in 2024. schedule1 Min Read Saudi Arabia-based lendtech Nayla Finance has raised $17.9 million in a pre-Series A funding round to scale its financing capabilities for local micro businesses and further develop its credit engine. The round comprised both equity and debt funding, though Nayla has not disclosed the exact split.

The future of banking is being assembled quietly but energetically by companies that are not banks. The question is no longer whether the model works, but who gets to run it. For most of my career, I assumed (because it seemed obvious) that the future of banking would be built by banks. They had the customers, the balance sheets, the infrastructure, the licences, and the trust. Whatever the next model of banking turned out to be, surely, they would be the ones to build it.

Fintech start-up Maxim, the brainchild of CEO Ibrahim Oladele, has launched operations in the UK this week with a new flagship credit card programme designed specifically for the country's African diaspora. The programme enables cardholders to leverage their existing credit history from their home country when applying for credit. The initial focus is between the UK and Nigeria, where Maxim already operates credit products.