FinTech News

SME lender Indifi said to raise $21.31m in a Series C

Indifi, an online lending business based in India, has reportedly collected $21.31m in a Series C led by CDC Group.

FBI arrests alleged hacker who accessed over 100 million of Capital One customers’ data

Financial holdings company Capital One has revealed that it fell victim to an extensive hack attack on March 22 and 23, which saw the perpetrator get access to information about roughly 100 million American and six million Canadian customers.

Trinity Cyber raises $23m in funding led by Intel Capital

Trinity Cyber, which proactively intercepts, and controls cyberattacks, has raised $23m in a new funding round.

OnDeck’s shares tank after the FinTech unicorn’s Q2 results failed to impress investors

New York-based OnDeck’s shares dropped by over 22 per cent on Monday July 29 after its second quarter earnings disappointed investors.

POS finaincng service Payright raises $27m in its Series D

Payright, a buy now and pay later service, has raised $27m in a Series D round to support the expansion of its loan book.

FCA proposes contingent charging ban for pensions after accusations of failing to prevent vulture...

The Financial Conduct Authority (FCA) has proposed a ban on contingent charging for pension transfer advice to protect consumers from so-called vulture advisers who only got paid if the transfer went through.

The real reason why FinTech investments in Africa is booming

We're revealing how Africa’s underbanked population and mobile phones gave rise to a massive FinTech market.

German deposit marketplace FinTech Raisin strikes major deal with Legal & General

Berlin-based Raisin, the European deposit marketplace, has teamed up with British Legal & General, the financial services group and investor, to provide the latter’s customers with protected cash savings accounts.

Nigerian Flutterwave partners up with Alibaba to tap into the China-Africa trade

The San Francisco and Lagos-based FinTech startup Flutterwave aims to leverage a new partnership with e-commerce giant Alibaba to take a slice of the China-Africa trade. This trade is estimated to be worth $200bn.

Abra mobile app to restrict services for US users due to regulatory issues

Cryptocurrency wallet and exchange Abra will be restircting its US users due to regulatory challenges in the country.

News Stories

Surfin

Surfin secures $12.5m to boost financial inclusion across three continents

Surfin, a FinTech company dedicated to the middle class, has successfully raised $12.5m in a Series A funding round led by Insignia Ventures Partners. This...

Blueprint Equity leads $7m investment in cyber platform CYRISMA

CYRISMA, a pioneering cybersecurity platform, has recently announced a $7m Series A funding round.
How artificial intelligence is transforming wealth management

How artificial intelligence is transforming wealth management

Artificial Intelligence (AI) is rapidly reshaping the landscape of wealth and asset management, offering innovative solutions that significantly alter how high-net-worth individuals manage their finances.
TSB

TSB Bank hit with £10.9m fine over unfair customer treatment

Britain's TSB Bank has been fined £10.9m by the markets watchdog for its failure to treat customers who were in arrears fairly.
RepRisk

Banking sector leads decline in greenwashing amidst tightening regulations

RepRisk has reported a notable 12% decline in greenwashing incidents globally across all sectors for the year ending June 2024.

120,000+ FinTech leaders get exclusive industry stories delivered every week

Download the free AIFinTech100 report

FREE

Download the AIFinTech100 report for 2024 with details on each solution