FinTech News

Topl, which developed blockchain built to drive impact initiatives and sustainable transformation for companies across the world, has raised $15m in Series A funding.

The Reserve Bank of India (RBI) has created a new Fintech department to deal with key challenges in the burgeoning sector.

Fort Ross Ventures, a venture capital firm looking to more U.S. startups to Russia, has raised a $200m fund.

Sunlight Financial, which provides point-of-sale financing solutions, has landed a $50m investment from FTV Capital.

Huize Holding Limited, a leading insurance technology platform in Asia, has acquired Global Care Consulting Joint Stock Company, a pioneering InsurTech company in Vietnam, specializing in digital transformation solutions for the insurance industry.

finnCap Cavendish, part of financial advisory firm, finnCap Group, has advised on the sale of Boku Identity division, to Twilio, a US-based cloud communications platform.

As the Nordic leader in building exterior services, Fasadgruppen is significantly enhancing building energy efficiency. With over 50 subsidiaries, the organisation has faced the daunting task of meeting the Corporate Sustainability Reporting Directive (CSRD) and European Sustainability Reporting Standards (ESRS). Adrian Westman, Head of Sustainability, offers insights into their approach.

Saudi Arabia-based STC Pay, digital payment solution developer, has reportedly reached a $1.3bn valuation after the close of a $200m investment.

European open banking platform TrueLayer will collaborate with digital bank Zopa to make account-to-account payments more seamless.

Distributed ledger-based payments firm Billon has raised $2m in funding from a collection of unnamed UK investors.