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IBM Reportedly planning acquisition of point-of-sale business Revel

IBM is reportedly planning a re-entry into the point-of-sale (POS) space. According to Bloomberg the firm is in discussions to acquire iPad-based POS company Revel Systems.

PayTech Finexio continues momentum with Series B raise

Finexio, the B2B accounts payables (AP) Payments-as-a-Service company, has completed the first close of its $30m Series B funding round.

Canadian banks team to establish centralised KYC offering

Five Canadian banks are joining forces with CanDeal, a market and infrastructure services provider, to set up a centralised KYC offering for the capital markets industry.

Data infrastructure platform Vybe Network scores Series A

Data infrastructure solution Vybe Network has closed its Series A investment round on $10.5m.

Payroll platform Deel reaches decacorn status just a year after hitting $1bn valuation

Global payroll solution Deel has reportedly raised $50m, which brings its valuation to $12bn.

Chinese authorities introduce draft law on financial stability

Chinese authorities have unveiled a draft law on financial stability which has been open for public opinion since last week.

Pakistan’s Bazaar targets country expansion with Series B

Pakistan-based Bazaar, a B2B e-commerce and FinTech platform, has secured $70m in its Series B funding round, as it looks to expand its suite of digital products.

Flutterwave bolsters valuation to $3bn as it pockets $250m

African FinTech Flutterwave has secured $250m in funding as it looks to expand its activities in mergers and acquisitions and grow its customer base.

Scarlett Johansson, Chris Evans among celebs to back 1Password

Canadian cybersecurity unicorn 1Password has extended its valuation to $6.8bn after it closed a star-studded Series C round on $620m.

Is Eventus Validus platform the silver bullet for simplifying global trade surveillance?

Established in 2015, Eventus Systems is a provider of multi-asset class trade surveillance and market risk solutions for customer bases such as broker-dealers, banks and crypto exchanges through its trademark Validus platform. How can Validus help simplify global trade surveillance?

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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