Banking Infrastructure

TrueLayer is taking European banking by storm

European open banking platform TrueLayer has expanded its operations, adding Austria, Belgium, Denmark, Finland and Portugal, for open banking data (AIS) and payments (PIS).

Sanad Cash – the latest Saudi Arabian FinTech to close funding in 2022

Sanad Cash, a Saudi Arabia-based on-demand payment and spend management platform, has scored $1.6m in its seed round.

Tuum lands €15m from Portage Ventures-led Series A

Core banking platform Tuum has scored €15m in a Series A round of funding, with Portage Ventures leading the round.

KKR backs Philippine B2B platform GrowSari

GrowSari, a B2B e-commerce platform serving micro, small and medium-sized enterprises (MSMEs) in the Philippines, will receive $45m in Series C funding from global investment firm KKR.

OZÉ secures capital for African small business

OZÉ, the FinTech startup which provides digital recordkeeping tools with embedded finance products to MSMEs across West Africa, raised $3m in an oversubscribed pre-Series A round.

Berlin’s spend management app Moss hits $573m valuation

Moss, a Berlin-based spend management platform, has reached a €500m ($573m) valuation after the close of its Series B round on €75m.

India-based M2P Fintech scores Series C1 round

M2P Fintech, a financial infrastructure company based in India, has raised $56m in its Series C1 funding round.

BNI in Mayora take-over, taps into Indonesian digital banking growth

Indonesia’s state-owned Bank Negara Indonesia (BNI) is to acquire Bank Mayora, a report from Deal Street Asia has revealed.

Huawei launches mobile payments with Curve

Chinese giant Huawei has partnered with “financial super app” Curve to launch Curve Pay so Huawei customers can now make mobile payments via a digital wallet, a report by Finextra has revealed.

Iroquois Federal, Nymbus tie the knot to launch newlyweds banking solution

Illinois-based financial institution Iroquois Federal and banking tech vendor Nymbus have teamed to launch a new banking brand for newly married couples.

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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