Banking Infrastructure

Plug-and-play software dev Weavr scores Series A

Weavr, a plug-and-play financial solutions provider, has scored $40m for its Series A round, which was led by Tiger Global.

SJ Mobile Labs secures seed fund, poised to take Japan by storm

Singapore Japan Mobile Labs has raised $2.85m in seed funding for its mobile wealth and protection platform tailored to the Japanese market.

Check lands $75m led by Stripe

Check, a payroll infrastructure company that lets platforms embed payroll into their products, has raised a $75m in a Series C round led by Stripe.

Genesis gears up application development with $200m

Genesis, which builds applications for financial markets organisations, has raised $200m in funding.

JP Morgan enters the metaverse

JP Morgan has become the first bank to join the metaverse, opening a virtual room on Decentraland, a decentralised virtual world.

Flutterwave bolsters valuation to $3bn as it pockets $250m

African FinTech Flutterwave has secured $250m in funding as it looks to expand its activities in mergers and acquisitions and grow its customer base.

Majority of customers would abandon digital bank from one bad experience

A survey by Applause has found that 65% of respondents would abandon a digital service because the sign-up process was too difficult.

Atom picks up funding on its way to IPO

UK app-based bank Atom has raised more than £75m in new equity priced at 70p per share as it continues to grow and strive to go public.

Meet Gaia, the platform de-risking IVF fertility treatment

Gaia, a startup platform that provides insurance payment plans to finance IVF treatments, has closed a $20m Series A round led by London’s Atomico.

Intesa Sanpaolo invests digital banking dev Thought Machine

Italian bank Intesa Sanpaolo has invested ?40m into UK-headquartered Thought Machine, a developer of cloud-native core banking infrastructure.

News Stories

Aven hits unicorn status with $142m funding for home equity credit solutions

Aven hits unicorn status with $142m funding for home equity credit solutions

Aven, a cutting-edge FinTech company, has successfully closed its Series D funding round, amassing a notable $142m.
FCA calls for stricter yet fairer treatment of politically exposed persons

FCA calls for stricter yet fairer treatment of politically exposed persons

The Financial Conduct Authority (FCA) has recently mandated that financial institutions, including banks, payment firms, and lenders, enhance their protocols to ensure fair treatment of politically exposed persons (PEPs).
PSR and FCA explore the impact of digital wallets on UK consumers and businesses

PSR and FCA explore the impact of digital wallets on UK consumers and businesses

The Payments Systems Regulator (PSR) and the Financial Conduct Authority (FCA) have jointly initiated a call for information to assess the rapidly growing influence of digital wallets on both consumers and businesses in the UK.
Hong Kong to fortify financial stability with new stablecoin regulations

Hong Kong to fortify financial stability with new stablecoin regulations

Hong Kong is poised to introduce a new regulatory regime for fiat-referenced stablecoin (FRS) issuers following positive feedback from a public consultation.
CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA secures $80m from PSG Equity to enhance its hybrid cloud data platform

CTERA, a renowned leader in hybrid cloud data management, today announced a significant financial boost, securing $80m in a mix of primary and secondary funding from PSG Equity.

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