The Weekly Wrap: all you need to know by Friday COB | April 25th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Bpifrance, France’s public investment bank, has successfully launched SEPA Instant Credit Transfer capabilities through Vault Payments, the cloud-native payment processing platform developed by Thought Machine. The move marks a key milestone in the bank’s broader payment infrastructure overhaul.

This implementation introduces SEPA Instant Payments as a new payment rail for Bpifrance, processed via TIPS (TARGET Instant Payment Settlement). It represents the first step in the bank’s planned migration from legacy systems, which will also include SEPA Credit Transfers, SEPA Direct Debits, TARGET2, and SWIFT-based transactions.

The bank’s transition to Vault Payments is part of an ongoing digital transformation effort that began in 2022, when Bpifrance adopted Vault Core as its core banking system. That initial move significantly increased operational efficiency, boosting speed fivefold, and enabled the rapid rollout of a commercial loan product. Building on that success, the bank selected Vault Payments to streamline and modernise its entire payment stack.

Deals of the week

• BKN301 raises €21.5m Series B to scale BaaS platform globally
• KKR to acquire post-trade services firm OSTTRA for $3.1bn
• PayPal expands cross-border reach in MEA with TerraPay partnership
• MobiKwik partners with Poonawalla Fincorp to offer instant personal loans
• ANNA Money and Shaype unveil business finance super app for Australian SMEs
• Tera Bank partners with Fimple to accelerate core banking transformation
• Tapcheck lands $225m in equity and debt to expand EWA platform
• Khaleeji Bank launches Visa+ mobile money transfers across GCC

Be on the lookout for

The IBSi Annual Sales League Table Awards 2025 is scheduled for June 12th this year, and promises to be a premier event celebrating excellence in sales within the FinTech industry. The event Recognises outstanding achievements, honours top performers and innovative sales strategies that have made a significant impact on the sector.

Nominations are open until April 30, 2025, offering a valuable opportunity for industry leaders to spotlight success stories and best practices that are shaping the future of FinTech.

More than just an awards ceremony, the event also serves as a vibrant platform for networking, knowledge sharing, and collaboration among peers. It’s an ideal space to gain insights, celebrate excellence, and drive continued growth in the global FinTech community.