Alkami closes Series E on $55m to support development of its technology stack

Alkami Technology, a cloud-based digital banking service provider for US banks and credit unions, has netted $55m in its Series E funding.

Synapse bags $33m Series B to support a full expansion roadmap for 2019

Synapse, a banking API developer, has closed its Series B on $33m to support its growth strategy for 2019 which includes the launch of brokerage accounts.

Step closes Series A on $22.5m as its banking app waiting list exceeds 500k

Step, a mobile banking app designed for families and teens, has closed its Series A on $22.5m.

PayPal invests in and partners with open banking platform Tink

Open banking API developer Tink has received an investment from online payments giant PayPal.

85% of EU consumers are unaware of PSD2 – Mastercard study

A study from Mastercard has revealed 85 per cent of consumers in the EU are not aware of PSD2 or have very little knowledge of it.

Pillar launches app to aid student loan repayments, alongside $5.5m seed close

Pillar, which helps users manage and save money to improve student loan repayments, has launched its services, marking this with the $5.5m seed round close.

Open banking solution Yapily secures $5.4m in seed

Yapily, which builds APIs connecting banks with other providers, has secured $5.4m in its Seed funding round.

Qatar Investment Authority gives SoFi $4.3bn valuation through hefty funding round

Qatar Investment Authority has led a hefty financing round for mobile-first personal finance company SoFi which values the business at $4.3bn on a pre-money basis.

Plaid launches into UK market, with sights set on Europe expansion

US-based open banking platform Plaid has launched its services into the UK, with plans to deploy across the rest of Europe.

Investment app Robinhood could hit $8bn valuation through new funding round – report

VC-backed retail brokerage platform Robinhood Markets is set for a valuation of up to $8bn thanks to a new funding round, it is understood.