Your Daily FinTech Podcast May 10th, 2022

Sign up for my Daily Fintech or Daily Digital Banking Newsletters here. Check out my latest podcast episode below: Welcome to another episode of our Daily Fintech Podcast. This podcast episode is sponsored by Provenir. Provenir does more than help with your current tech challenges. They eliminate them. Designed and built to power agility, their cloud-native technology puts your team in control. Loved by Startups. Trusted by Decacorns. THE NEWS HIGHLIGHT OF THE DAY IS FROST has launched, becoming the latest e-money account to take the FinTech world by storm. JUST IN: Spare, a Kuwait based financial technology application, has received the license from the Central Bank of Bahrain to operate as an open banking ancillary service provider in the Kingdom of Bahrain. The license will pave the way for Spare to kickstart their operations in Q2 of 2022. ALSO: Last week, the eighth annual British Bank Awards were announced, with a few significant changes to the status quo. After winning the coveted Best British Bank award for four years running, Starling Bank was pipped to the top spot as Monzo Bank took the crown for the very first time. FURTHERMORE: Galileo Financial Technologies, a subsidiary of SoFi Technologies, Inc., and Mastercard on Wednesday unveiled a multiyear strategic alliance focused on “accelerating digital transformation and improving access to financial opportunities for unbanked and underserved segments in Latin Americas and the Caribbean.” WHAT ABOUT FUNDING ROUNDS AND INVESTMENTS? Paymob has raised $50 million in Series B funding. BizPay is currently in the process of trying to raise $25 million in funding and has partially completed it Ume closed a $10 million funding round.