The Weekly Wrap: all you need to know by Friday COB | November 3rd

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

Amazon and Affirm expanded their partnership to make Affirm the first pay-over-time option available at checkout on Amazon Business. As part of the new partnership, Amazon Business customers can split the total cost of eligible purchases and pay over time with Affirm without late or hidden fees.

Amazon will start to roll out Affirm to eligible sole proprietor businesses, and the new payment option will be available at checkout to all eligible Amazon Business sole proprietor customers by Black Friday.

“We’re constantly striving to make Amazon the best place for small businesses to fulfill their buying needs. Integrating Affirm as a payment option helps us do just that, while providing more flexibility and convenience to our customers,” said Todd Heimes, director of Amazon Business Worldwide. “The technology, ease of integration, and ability to support a broad range of transactions—especially as Affirm is already used by millions of Amazon customers today—make this a natural extension of our larger partnership.”

Deals of the week

• Funding Societies bags $7.5m to fuel financial inclusion for SMEs in SEA
• Atom Bank secures $121m in equity funding
• CQUR Bank taps Finastra to boost digital banking offering
• 9fin brings generative AI to debt capital markets
• P. Morgan Payments integrates with BillingPlatform
• Lloyds Banking Group expands footprint in India; opens tech hub
• Aleph emerges from stealth with $16.7m to build next-gen platforms
• BNP Paribas taps Lenvi to strengthen European risk management
• Rupyy launches ‘Digikhata’ an AI-driven digital ledger system tool
• SBI Card & Reliance Retail to launch Reliance SBI Credit Card
• UnaFinancial seeks $15m for its digital finance app in UAE
• Know Your Customer & Credit Bureau Malaysia team to provide KYB data solutions
• Pathward & TabaPay expand partnership on faster payments solutions

Be on the lookout for

Fintech Week London shines a spotlight on the vibrant fintech ecosystem in London. The one-day conference serves as the pinnacle event of the week, offering attendees a unique opportunity to engage with some of the city’s most influential figures, decision makers, and innovators.

It has been announced that tickets are now on sale for its highly anticipated flagship conference, set to take place on Thursday 13 June 2024 at the ExCeL London.

This year, the event will be bigger and more dynamic than ever before, ensuring that attendees don’t miss out on the pulse of the fintech world, with Fintech Week London 2024 teaming up with London Tech Week to plug into a week with 30,000-plus participants from all over the world.