Banking Infrastructure

Saudi Arabia-based SIFI scores pre-seed funding

SIFI, a Saudi Arabia-based FinTech company, has closed its pre-seed round on an undisclosed amount.

Monneo and Kantox partner for banking-beyond-borders

Virtual IBAN and corporate account provider Monneo has partnered with Kantox to offer currency management automation on cross-border payments.

Sokin links with Visa to offer digital accounts across Asia Pacific

Payments provider Sokin has teamed with Visa to roll-out its global currency account and debit cards across Asia Pacific.

Hyer teams up with Catch for new era of work

Hyer, a leading on-demand labour app connecting businesses to independent workers in the gig economy, has partnered with payroll and financial services provider Catch to extend modern benefits to independent contractors.

Rewire to protect European migrant community with Quover and AIG

FinTech start-up Rewire, which develops an online financial services platform for expatriate workers, has partnered with InsurTech Quover and insurer AIG to protect its customers.

France-based Pennylane collects €50m

France-based Pennylane, a full-stack financial management platform, has collected €50m in its Series B, as it looks to bolster its development efforts.

How Ayoconnect intends to ‘bank the unbanked’ in Indonesia

Southeast Asian open finance platform Ayoconnect has closed a $15m Series B funding round led by Tiger Global.

Circula rides expense management wave with ?12m Series A

German corporate expense management platform Circula has raised ?12m from a Series A funding round as the expenses management market continues to heat up.

Walmart-backed Hazel to acquire Even and One

Hazel, the independent FinTech launched in partnership with Walmart and leading investment firm Ribbit Capital, has entered into an agreement to acquire FinTech platforms Even and ONE, as the company emerges from stealth.

UBS expands US foothold with Wealthfront take-over

Investment bank UBS has entered into an agreement to acquire automated wealth management provider Wealthfront in a $1.4bn all-cash deal.

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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