Company News

Cross-border payments company Currencycloud has bolstered its senior team with the appointment of a new chief operations officer and chief technology officer.

A Reserve Bank of India (RBI) panel has proposed a new four-tier structure for regulating and improving urban cooperative banks (UCBs).

FinTech Requr has raised $5m in growth capital from a group of undisclosed investors to expand its software-as-a-service (SaaS) platform.

Paris-based social investment platform Shares.io has closed one of the largest-ever seed fundraising by an early-stage startup in Europe by securing around €8.5m in pre-seed pre-product funding.

InsurTech Pie Insurance has revealed it has received regulatory approval from the Illinois Department of Insurance to purchase Western Select Insurance Company.

The gender gap is showing little sign of narrowing in the world of finance. Debate around gender inequality and a lack of women in finance has raged on for years but more action is needed to empower female professionals and founders.

German firm Taktile has reeled in $4.7m from a seed funding round led by Index Ventures.

Flink, a Mexico City-based neobroker, has raised $57m in a Series B round of funding led by Lightspeed Venture Partners.

National Bank of Canada invested $103m in Flinks, including $30m in growth capital towards acceleration of the Montreal-based FinTech's expansion activities in North America.

The Securities and Exchange Commission (SEC) charged the former CEO of HeadSpin Manish Lachwani with defrauding investors out of $80m by falsely claiming the company had achieved strong and consistent growth in acquiring customers and generating revenue.