Today in FinTech: Neat Capital Closes B-1; Abhi Secures $17M; NovoPayment Raises $19M

In today’s FinTech news, Neat Capital is expanding its lending business to help home buyers close fast, while Abhi’s lending business in Pakistan helps people hold on until payday. Plus, NovoPayment eyes new locations in Austin and San Francisco.

Home Loan FinTech Neat Capital Wraps Series B-1

Neat Capital is using its new infusion of capital to grow its consumer home-lending business. Neat Loans gives prospective home buyers the chance to compete with cash buyers and also uses a proprietary home financing platform to speed up the process. Clients can close in as little as two weeks.

Lending Startup Abhi Valued at $90M After Series A Round

Lending startup Abhi secured $17 million in a Series A funding round. Based in Pakistan, the company offers people a loan alternative to carry them until their next payday. It also provides SMB financing to help them meet working capital requirements.

BaaS Platform NovoPayment Raises $19

NovoPayment is using the funds raised in its Series A round to scale its Banking-as-a-Service (BaaS) platform. The new capital will also be used to expand its workforce and open new offices in Austin and San Francisco.

Thunes Snaps up Majority Stake in Compliance Firm Tookitaki

Global payments firm Thunes is acquiring a $20 million majority stake in the anti-money laundering (AML) and compliance platform Tookitaki. The two companies are working together to expand both firms’ global presence and create more transparency around global payment flows.

Payments Firms MYPINPAD and SmartPesa Plan to Merge

Mobile payments firm MYPINPAD and payments and banking solutions provider SmartPesa are planning to join forces and offer more products while also doubling its international presence. The combined entity will operate under the MYPINPAD brand.

UniCredit Expands Open Banking Alliance With Worldline

UniCredit is expanding its alliance for another two years with global payments firm Worldline to tap into its open banking third-party provider (TPP) service. With Worldline, UniCredit’s customers can connect their accounts in other banks across Europe using a single application programming interface (API).

2022: The Year for Learning and Evolution

Cryptocurrency isn’t going away and has permanently changed the financial services landscape, Inmar Executive VP and President, FinTech John Helmle writes in a new PYMNTS eBook. A decentralized finance model could offer a new evolution without banks at the core.