Jan. 23, 2019

Zafin, a Toronto-based provider of financial services and digital banking software, has raised $17.2 million in Series B funding led by Vistara Capital Partners, Beedie Capital and Accenture Ventures.

The funding, according to a press release, will be used to expand sales and marketing and to develop products. Randy Garg, managing partner at Vistara Capital Partners, is joining Zafin's board.

"This round of funding will allow Zafrin to fully execute on our business plans and strategy," said Al Karim Somji, Zafin founder and group CEO, said in the release. "We highly value our long-term partners at Vistara Capital and Beedie Capital and are excited to be working with Accenture as we jointly deliver value to our clients in the fields of open banking, core transformation, AI and machine learning."

The investment follows a December agreement with Accenture on a strategic alliance and acquisition of certain Zafin assets in the professional services area.

Topics: Financial News, Mobile Banking, Region: Americas

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Jan. 23, 2019

PM Connect, a U.K.-based mobile payment firm, has reached a deal with Belgian carrier Proximus to provide premium sports content from the NBA, WWE and a Football.tv app from Optus using direct carrier billing, according to a press release.

The app will provide soccer matches from the Premier League, UEFA Champions League, UEFA Europa League and other major organizations. Proximus holds about 40 percent of the Belgian market,with about six million customers.

"Through carrier billing, we offer our customers the chance to offer top quality content from global brands with maximum speed and ease," said Bert Maetens, carrier billing partner manager at Proximus, in the release. "In a crowded market, being able to provide top apps and subscription sites, as well as a hassle free way to pay for them, is crucial."

Topics: Direct Carrier Billing, Mobile Apps, Region: EMEA

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Jan. 22, 2019

Nutmeg, a digital wealth management platform, has received a $58 million (45 million pounds) investment let by Goldman Sachs Principal Strategic Investment Group, according to a blog post.

Convoy, a Hong Kong-based wealth advisory firm and prior investor in nutmeg, co-led the investment round.

"This will enable us to continue to deliver on our objective to be the most trusted and fastest growing digital wealth manager in the world, by delivering innovative new products and features that expand our offering," Martin Stead, CEO of Nutmeg, said in the blog post.

He said the funding will also help the firm expand with an international B2B plug and play partnership model that leverages its proprietary technology.

The company has grown to become the largest digital wealth manager in Europe and the eighth largest wealth manager in the U.K., with 60,000 investors using the service.

Topics: Financial News, Mobile Apps, Mobile Banking, Region: EMEA

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