Banking Infrastructure

QI Tech, a leading financial services infrastructure provider based in Brazil, has announced an extension to its Series B funding round, securing additional equity from current investor General Atlantic, a renowned global growth investor, along with Across Capital.

National Bank of Iraq (NBI), a significant component of the Capital Bank Group, has partnered with Temenos, a Swiss-based software company that specializes in banking and finance software, serving a global clientele with innovative FinTech solutions.

Satago, which offers innovative working capital solutions including Invoice Finance and Cash Flow management, has partnered with Mmob, which specialises in simplifying the integration process for digital financial services.

Pactio, a next-generation FinTech platform, has successfully completed a $14m Series A funding round.

Hello Alice, a leading FinTech platform known for connecting 1.5 million small businesses to essential resources such as capital, connections, and opportunities, has successfully closed a Series C funding round.

6G Digital Private has entered a significant partnership by acquiring a 25% stake in FlexM Global AS, a trailblazing FinTech firm based in Singapore, for an impressive sum of $12.5m.

Volopa, the innovative provider of transaction, payment, and expense management solutions, has entered into a strategic partnership with ClearBank, a trailblazer in real-time clearing and embedded banking for financial institutions.

Worth AI, a pioneering FinTech Software as a Service (SaaS) startup, officially announced the launch of its groundbreaking artificial intelligence (AI)-powered risk management and underwriting platform today.

The Cooperative Bank of Oromia (CoopBank), one of Ethiopia's premier banking institutions, has partnered with the global FinTech powerhouse, Temenos, to launch innovative digital banking solutions.

As we delve deeper into 2024, the embedded finance phenomenon continues to reshape the financial services sector. A Capgemini survey from 2021 revealed that over 70% of banking executives view embedded finance as a catalyst for innovation, customer base expansion, and cost reduction, predicting its market value to soar to $588bn by 2030 from $22bn in 2020. This trend positions embedded finance as a key strategic channel for banks.