Company News

UK-based FCA-regulated money management app Snoop raised £15m ($20.87m) in Series A funding round to support global expansion.

Spanish FinTech firm Ritmo has raised €13.8m from a seed funding round led by JME Ventures.

Mexico City-based B2B software and payments company Yaydoo closed a $20.4m in a Series A round co-led by Base10 Partners and monashees.

Chilean FinTech that provides an online financial services platform for SMBs Xepelin raised $30m in equity and $200m in credit facilities led by Kaszek Ventures with participation from DST Global.

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Online insurance platform Policybazaar has filed a draft red herring prospectus with the Securities Exchange Board of India (Sebi) to raise $809m via an initial public offering (IPO), becoming the fourth startup in the past two months from the South Asian market to explore public markets.

President Joe Biden has claimed the US is more likely to end up in a ‘real shooting war with a major power’ due to cybercrime than any other form of conflict.

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.

Twitter co-founder Jack Dorsey's digital payments platform Square has acquired Australian 'buy now, pay later' firm Afterpay to create an online payments powerhouse and help accelerate Afterpay’s growth in the US.