Unit becomes first banking-as-a-service provider to reach unicorn status
Unit hits $1.2bn valuation, which it claims makes it the first banking-as-a-service platform to reach unicorn status.
Kedaara Capital backs Perfios with a whopping $229m in Series D round
Perfios, described as "India's leading B2B SaaS FinTech company", has made headlines with its latest funding announcement. The Bangalore-headquartered firm revealed its Series D funding round today, successfully raising $229m, all thanks to Kedaara Capital, a prominent private equity investor.
Michael J Fox, Ryan Reynolds and Drake among the stars backing Wealthsimple’s C$750m latest...
Canadian FinTech company Wealthsimple has raised C$750m from a funding round led by Greylock and Meritech.
Ascent teams up with IBM to help businesses reach their compliance targets
AI-powered compliance company Ascent has partnered with IBM, which will see the RegTech integrate its solutions in an effort to help financial institutions keep abreast of ever-changing regulatory requirements.
GIMO secures funding to serve Vietnam’s blue-collar workers
Vietnamese FinTech startup GIMO, which offers on-demand pay for blue-collar workers, has raised $1.9m in a seed+ round led by Singapore’s Integra Partners.
The round...
FCA provides warnings to banks over money laundering failings
The Financial Conduct Authority (FCA) has issued warning letters to retail banks due to ongoing weaknesses and failings around their financial crime controls.
TerraPay expands to USA and Canada to ease real-time cross-border payments
Digital payment provider TerraPay will now offer real-time bank payments in the USA and Canada to facilitate better cross border remittances.
How did Singapore beat China to become Asia’s biggest FinTech investment destination?
Singapore is hotbed for FinTech innovation that has overtaken China as the biggest investment destination in the region. However, its leadership position is far from certain.
The two PayTechs merging to create a global processing powerhouse
Global issuer processors Paymentology and Tutuka are merging to create the first global issuer-processor that will cover 49 countries worldwide.
Total BaaS revenue to exceed $38bn by 2027
The total banking-as-a-service (BaaS) platform revenue will exceed $38bn by 2027, rising from $11bn in 2022, according to a report from Juniper Research.