The Weekly Wrap: all you need to know by Friday COB | December 15th

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

M2P Fintech has announced the multi-million-dollar acquisition of Goals101, the Transaction Behavioural Intelligence provider (TBI) in India and other geographies.

Goals101, known for its expertise in Transaction Behavioural Intelligence, has developed a platform that runs on advanced algorithms and analytics tools that provide invaluable insights into consumer transaction patterns and orchestrate actionables.

This acquisition empowers M2P Fintech to leverage Goals101’s technology and integrate it seamlessly into its existing suite of financial services. By combining M2P’s robust FinTech infrastructure with Goals101’s analytics, the companies aim to revolutionise the way financial transactions are understood and optimised.

Post-acquisition, the Goals101 team will continue to work on rolling out new data capabilities, leveraging its big data platform to create more facets of personalisation in financial products for customers across the world. Goals101 already works with payment networks and banks across multiple geographies across India, MENA, and Southeast Asia. Goals101 is also working with firm offering Digital Payment in India to help drive Credit and Debit Card interventions to drive better outcomes with speed, relevance and delivering customer delight.

Madhusudanan R, Co-Founder and CEO of M2P Fintech said, ” At M2P Fintech we are committed to bringing together capabilities that will deliver a holistic next-generation banking experience for our customers and Goals101 is a big leap in our ambitions to deliver cutting edge data capabilities. We are certain that Visham, Milan and the broader team at Goals101 will build on the leadership they have created and can leverage the synergies accruing on top of our platform.”

Deals of the week

• 01Fintech invests $20m in Validus to fuel SME Financing in the SEA
• French FinTech Aria lands €14m funding in Series A
• Mine secures $30m Series B Funding Co-Lead by PayPal Ventures
• SumUp raises €285m in growth funding to expand payment products
• Canadian FinTech KOHO raises $86m in Series D Funding round
• FinTech Lendo secures $28m in Series B Funding led by Sanabil Investments
• Japan’s Finance Startup Yoii raises $5.5m funding in Series A Round
• ila Bank collaborates with Gulf Air for customisable credit card rewards
•  Airwallex & Woo to simplify cross-border eCommerce for global merchants
• Lentra unveils AI-driven products & lending cloud for Banks & NBFCs
• Bank of Khyber selects BPC to provide secure banking solutions in Pakistan
• Deutsche Bank boosts Shariah Custody in SEA with CIMB partnership and Singapore launch

Be on the lookout for

Seamless Asia 2024, scheduled for February 20 and 21 at the Suntec Convention and Exhibition Centre in Singapore, will focus on the key sectors shaping Asia’s future digital economy: payments innovation, paytech, and banking transformation, along with e-commerce strategy, eCommerce tech, and e-commerce logistics. The event aims to bring together Asia’s digital commerce ecosystem, attracting more attendees, sponsors, and speakers for an immersive experience.

The conference will feature six dedicated tracks covering these topics, providing attendees with practical advice, and the exhibition is expected to boast 200+ exhibitors showcasing cutting-edge technologies in payments, banking, e-commerce, and retail. Seamless Asia 2024 will also emphasize in-person networking opportunities to facilitate connections and discussions among industry professionals.