The Fintech Times Bi-Weekly News Roundup takes a look at the latest fintech stories from around the world on Tuesday 1 July 2025.
London-based Zango has raised $4.8million, in a round led by Nexus Venture Partners, a global venture capital firm with over $2.6billion capital under management. Other participants in the latest round include South Park Commons, Notion Capital, No Label Ventures and Start Ventures.The funds raised will be used to expand teams in London & Bengaluru along with building out the other product modules.
Natech Banking Solutions has raised over $33million in Series B funding to support its expansion in embedded finance and AI-driven banking solutions. The Greece-based fintech will use the capital to scale operations, enhance R&D as well as deepen its European footprint. The raise follows the launch of Snappi, Natech’s digital bank joint venture with Piraeus Financial Holdings.
SMEs based In the North West of England are increasingly turning to revenue-based finance to bolster their businesses, to help with staffing costs, new equipment and systems, e-commerce platform development and digital infrastructure, along with ongoing higher rent and rates, according to lender 365 Finance. The median advance approved for online businesses in the region has increased by 483 per cent year-on-year to £175,000.
InComm Payments, a global payments technology provider, has adopted Atleos’ ReadyCode API solution to enable InComm Payments’ fintech and banking partners to offer ATM-based cardless cash pickup at over 23,000 ATMs across more than 40 states in the US.
INSHUR, a global insurance provider for the on-demand economy, has partnered with Diesta to automate payment operations and support international growth. Diesta, a London-based insurtech startup, specialises in automating premium reconciliation and distribution for the insurance industry. The collaboration aims to enhance efficiency, transparency and scalability across INSHUR’s multi-market operations.
Klarna has partnered with checkout platform Bolt to integrate its flexible payment options, such as Pay in 4 and Financing, directly into Bolt’s CheckoutOS. The move enables Bolt’s merchants to offer Klarna with no added technical setup, aiming to boost conversions, reduce cart abandonment, and expand Klarna’s reach across Bolt’s network of 80 million shoppers.
CreditBank PNG has partnered with identity security firm Entrust to roll out digital and card payment solutions in Papua New Guinea. The collaboration enables customers to open accounts online, receive virtual Visa cards instantly and make contactless payments via a mobile wallet, supporting CBP’s shift toward digital banking and financial inclusion in the region.
Prometheum Capital, a subsidiary of Prometheum Inc., has been authorised to offer correspondent clearing services for blockchain-based securities. This enables third-party broker-dealers to access custody, clearing, and settlement for on-chain assets. The move aims to broaden institutional and retail access to digital securities within the framework of federal securities laws.
UK-based rewards card provider Yonder has launched two premium debit cards, offering users the same perks as its credit products – points, no FX fees and curated rewards – without needing credit. The new ‘Free’ and ‘Full’ debit memberships cater to users seeking flexibility in how they spend, aligning with Yonder’s broader mission to modernise everyday financial engagement.
Argentina-based payments startup tapi has acquired the bill payment and cash-handling operations of Arcus, a Mastercard company, in Mexico. Following the acquisition deal, Tapi plans to expand and strengthen its services in utility payments, gift cards, mobile top-ups and cash transaction processing.
Viva.com, a European-based neobank and payment technology provider, has launched Tap to Pay on iPhone in Spain, enabling merchants to accept contactless payments using only an iPhone and its Terminal app. Operating in 23 European countries, Viva.com offers all-in-one business banking and payment solutions tailored to SMEs, including card issuing, loans and omnichannel acceptance tools.
LoopFX, the FX liquidity network, has appointed Jonathan Avery as general counsel and Malcolm Cox as fractional head of marketing ahead of its launch this month. Avery brings legal expertise from firms like Citigroup and Aberdeen, while Cox strengthens go-to-market strategy following senior roles in adtech. The hires support LoopFX’s expansion and onboarding efforts.
Greek-headquartered neobank Snappi has appointed Kostas Xiradakis as chief commercial officer. Xiradakis, formerly VP of product and growth at Viva.com, will oversee marketing, sales and customer experience. His fintech background and experience scaling digital products across Europe will support Snappi’s growth as it expands its customer-first digital banking offerings.
Root Platform, an API-first core system for delegated authority insurance, has appointed Cameron Parsons as head of business development UK. The hire supports Root’s ongoing UK expansion. Parsons, formerly of Uinsure and Smartr365, brings expertise in digital distribution and commercial growth to help Root scale its presence among MGAs, brokers and insurers.
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