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Tink and Chip Forge Open Banking Partnership

Finovate

Payment services and data enrichment platform Tink announced an open banking partnership with wealth app Chip. Chip will leverage Tink’s Pay by Bank solution to enable its users to securely and seamlessly top up their saving and investing accounts. The Stockholm, Sweden-based company most recently demoed at FinovateEurope 2019.

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Stripe buys payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues. Financial terms of the deal were not disclosed.

API
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Ramp Launches Ramp Treasury to Make Use of Idle Cash

Finovate

“Every day your money sits in limbo waiting to settle is a day of missed earnings hidden costs that quietly chip away at your bottom line,” the company said in a blog post. Ramp was founded in 2019 and has experienced notable growth, especially in the past year.

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Stripe joins forces with payments API provider Orum

Finextra

Founded in 2019, Orum offers an API that allows businesses to launch instant payments fast, with access to RTP, FedNow, Same Day ACH, ACH, Wires, and Visa Direct, without bank integrations or complicated compliance issues. Financial terms were not disclosed.

API
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Signicat Acquires Digital ID Verification Company

Finovate

This is because it pulls data directly from the chip inside a passport or ID, rather than relying on OCR or a camera scan. In 2019, Signicat was acquired by private equity investor Nordic Capital for an undisclosed amount. Today, the Norway-based company supports 240+ data sources to identify businesses and individuals.

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Finovate Global Pakistan: Profits in E-Commerce, Investment in Logistics, and Partnerships in Cybersecurity

Finovate

Founded in 2019 by Hisham Adamjee, Mishal Adamjee, Kasra Zunnaiyyer, and Ali Haji, Trukkr is digitizing and modernizing Pakistan’s logistics market—a market alued at more than $35 billion. South African crypto platform Luno announced the listing of 44 tokenized blue-chip US stocks.

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SMB Banking: Deep Dive on Ramp

Fintech Labs Insights

Ramp is a New York City-based fintech startup founded in 2019 that offers corporate charge cards paired with an expense-management platform and finance tools. Founding & Early Days (20192020) Ramp was founded in March 2019 by Eric Glyman , Karim Atiyeh , and Gene Lee. Its core mission is to help businesses save time and money.