Challenger bank Penta flexes its muscles by attracting over 10,000 customers
Berlin-based neobank Penta has past the significant 10,000 business customers milestone.
Voyager files for bankruptcy as crypto collapse gathers pace
Crypto broker Voyager Digital has filed for bankruptcy, with the company citing market volatility and the recent collapse of Three Arrows Digital as key drivers.
Zego releases two insurance products for moped and e-bike fleets
London-based InsurTech Zego has launched two new flexible insurance products aimed at moped and e-bike fleets in the UK.
TodayPay launches from stealth, debuts innovative payment solution
TodayPay Inc. has officially launched from stealth at the Money 20/20 event in Las Vegas, introducing a pioneering payment technology solution that promises to transform the way merchants handle refunds.
HSBC introduces Quantexa’s contextual data approach to weed out fraud and detect financial crime
HSBC has beefed up its financial crime detection system by deploying Quantexa’s contextual big data solutions.
K2 partners with Homesite for parametric natural catastrophe cover in US
K2 Parametric Insurance Services, a subsidiary of K2 Insurance Services, has partnered with Homesite Underwriting Managers to offer parametric natural catastrophe policies in the US.
Atom Bank valuation halves after £40m funding raise, gears up for future IPO
UK challenger Atom Bank has established a £40m fund raise at 60p-a-share, which is just under half the price it raised equity in in 2019.
Persistent debt looms as CFPB identifies $130bn in charges by credit card firms
The Consumer Financial Protection Bureau (CFPB) recently disclosed its report to Congress on the consumer credit card market for 2022.
Augmentum Fintech invests €6m in German rentals platform Grover
Grover, the technology rentals platform, has raised a €11m (£9.77m) funding round led by Augmentum Fintech, the London-based FinTech venture capital firm.
Capchase secures $400m to empower SaaS businesses
Capchase, a New York-based provider of non-dilutive capital, has raised more than $400m in additional debt financing, and launched an analytics tools to help software-as-a-service (SaaS) founders make real-time financial decisions for their business.