The Weekly Wrap: all you need to know by Friday COB | February 14th

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

ClearBank has launched a new embedded banking service for Capital on Tap, the credit card provider for small businesses. The partnership will see ClearBank provide business savings accounts integrated directly into Capital on Tap’s existing user portal.

The new business savings accounts will be available to new and existing Capital on Tap customers. Businesses using the accounts will benefit from higher interest rates on their savings, as well as eligible deposits protected by FSCS.

Customers will be able to open a business savings account through the existing Capital on Tap portal, providing a seamless user experience. This gives customers the flexibility to deposit funds from their nominated bank account and earn daily interest, with the peace of mind that they can instantly withdraw the funds when they need them.

Deals of the week

• Tabby raises $160m Series E at $3.3bn valuation ahead of IPO
• Revolut enters Ukraine, launches special edition Clear Sky card
• Indian payments startup ToneTag nets $78m in Series B2
• Zeta raises $50m in fresh funding; valuation jumps to $2bn
• Temenos sells Multifonds to Montagu for $400m
• M2P strengthens North Africa presence with new Egypt office
• Experion Technologies & Tagit partner to drive personalised banking
• Klarna and J.P. Morgan partner to offer BNPL to businesses
• AMP’s digital bank for SMBs goes live with Starling’s Engine
• Temenos sells Multifonds to Montagu for $400m

Be on the lookout for

Event: Building a Future-Ready Bank
Location: Kuwait
Date: May 14, 2025

The “Building a Future-Ready Bank” event in Kuwait on May 14, 2025, is part of the Cedar-IBSi 2025 Global Summit Series. This premier event will bring together leaders from the banking and technology sectors to discuss the future of banking in the digital age. The summit will feature multiple panels moderated by senior partners with extensive consulting experience. Topics will include the strategic integration of technology in banking, innovations in transaction banking, and the role of AI in digital banking. Attendees will gain insights into building seamless digital value chains and the evolving landscape of banking technology. This event offers a unique platform for networking, knowledge sharing, and exploring strategic partnerships. Don’t miss this opportunity to engage with industry experts and shape the future of banking.