Truffle Capital bites into FinTech Cake with €4.6m seed injection

Belgian FinTech startup Cake has secured €4.6m in a seed funding rounded led by Truffle Capital.

Infrastructure platform Vórtx scores $35m in its Series B round

Vórtx, an infrastructure platform for the financial market, has scored $35m in its Series B round, which was led by FTV Capital.

IBERIABANK partners with cloud banking platform nCino

IBERIABANK has chosen cloud banking solution nCino for a partnership, as the firm looks to increase its speed and process efficiency.

WeWork expands financial flexibility through cryptocurrency collaboration

UK flexible space provider WeWork has revealed it will begin accepting payment in select cryptocurrencies after entering a partnership with BitPay and Coinbase.

Treasury Prime hauls in $20m to develop its BaaS platform

CA-based Banking as a Service (BaaS) company Treasury Prime completed a $20m Series B insider round.

Nationwide hit with another payment outage

Nationwide Building Society has temporarily suspended inbound payments due to extremely high volumes of transactions on the first working day of the year, as revealed on Downdetector.

Allica Bank taps Sphonic to help it prevent financial crime

Having only launched earlier this year, Allica Bank has now picked Sphonic to manage its financial crime fighting efforts

TrueLayer unveils Verification API to simplify onboarding process

UK open banking platform TrueLayer has launched a new Verification API to make the onboarding process for its customers easier.

HoneyBook secures $250m Series E to advance offering to growing independent workforce

US-based financial management platform for independent service-based businesses Honeybook has raised $259m in Series E equity funding.

Ecommerce fraud losses of $20bn expected in 2021, China to be key fraud market

A new study by Juniper Research has highlighted it expects over $20bn in ecommerce losses this year due to online payment fraud – a rise of 18% compared to 2020.

News Stories

investment

Strong investment continues for FinTechs as 2022 winds to a close

This week in FinTech proved to be a strong week for credit and financial technology-focused companies, with 36 investments being recorded.  
Koble collects $1.2m to enhance its AI that improves investment decisions

AI-powered Koble collects $1.2m to enhance investment decisions

Koble, an AI-powered platform that improves investment decisions, has reportedly secured $1.2m in pre-seed funding.
Finclusion-Group-rebrands-to-bolster-financial-inclusion-in-Africa

Finclusion Group rebrands to bolster financial inclusion in Africa

Finclusion Group, which is boosting financial inclusion in Africa, has rebranded to Fin and closed a $2m equity round.
Saporo

CyberTech Saporo locks in €4m seed funding

Swiss cybersecurity firm Saporo has landed €4m in a seed funding round headed by XAnge.
Insiber raises €100,000 as its helps SMEs with cybersecurity risks

Insiber raises €100,000 as its helps SMEs with cybersecurity risks

Insiber, which is focused on helping SMEs with their cybersecurity risks, has reportedly collected €100,000 in funding.

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