Industry News

GEN and Hello Alice unlock $1bn credit with $70m Equitable Access Fund

GEN and Hello Alice unlock $1bn credit with $70m Equitable Access Fund

Hello Alice, the 'small business financier', and the Global Entrepreneurship Network (GEN) proudly announced the establishment of a $70m Equitable Access Fund. The initiative aims to amplify credit access among small businesses, particularly those helmed by traditionally under-represented groups.
Spec

Spec’s $15m funding boost to counter AI-powered cyberattacks

Spec, a front-runner in the cybersecurity sector, has made an exhilarating announcement concerning its recent financial strides.

USA dominates this week’s 22 FinTech funding rounds

USA dominated this week's FinTech funding rounds, with 15 of the 22 rounds, totalling 
Navigating the future: Top wealth management trends in Q1 2024

Navigating the future: Top wealth management trends in Q1 2024

As we delve into the initial months of 2024, the wealth management sector stands at the cusp of transformation, propelled by technological advancements and a challenging economic landscape.
Neo

FinTech Neo marks €10bn milestone amidst banking diversification wave

Neo disclosed today that it has successfully cleared over €10bn through its innovative corporate multi-currency accounts. .
Kansas

Anti-ESG law would cost Kansas pension funds $3.6bn, budget report finds

Legislation in Kansas that would prohibit ESG investing in its pensions funds could cost the state’s pension system as much as $3.6bn.

Vesttoo announce interim CEO amidst fraud scandal, liquidate collateralised insurer 

Israeli FinTech Vesttoo has named Ami Barlev as its Interim CEO and closed a collateralised insurer amidst its fraud scandal. 

Karma Wallet acquires DoneGood to elevate ethical consumer choices

Karma Wallet has announced its strategic acquisition of DoneGood, the leading marketplace for ethical and sustainable products.
Hamsa-investment-app-for-women

Meet Hamsa, the investment app designed by women, for women

In a bid to tackle the gender investment gap, Hamsa App has positioned itself as a “no-nonsense” investment tool to bring financial freedom and confidence to women globally.
Qover

Embedded insurance firm Qover gains crucial FCA full authorisation

Qover, a leader in embedded insurance orchestration, has achieved a significant milestone by securing full authorisation from the FCA.

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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