Banking startup Kernolab inks $1m in pre-seed funding
Lithuanian FinTech Kernolab has raised $1m in a pre-seed funding round headed by venture capital firm Lighthouse Ventures.
Monese unveils new BaaS platform, enters partnership with Investec
Challenger bank Monese has entered a strategic partnership with Investec Bank following the recent introduction of the former’s banking-as-a-service (BaaS) platform.
Zūm Rails unveils new anti-fraud tools to strengthen payment security
Open banking firm Zūm Rails has introduced a new set of anti-fraud tools to bolster the security of its Instant Deposit feature on its platform.
China set to introduce digital yuan by early 2022
The People’s Bank of China (PBOC) has revealed it aims to fully launch the e-CNY digital currency by February 2022.
Neobank FloBiz seeks expansion following Sequoia-led Series B
Flobiz, an Indian neobank for small-and-medium sized businesses in India, has secured $31m in funding from a Series B round.
SellersFunding closes sizable Series A on $166.5m
SellersFunding has reportedly raised $166.5m in a sizable Series A round, which will bolster its international growth.
Rogue mobile banking app presence records 140% year-on-year hike
A report by Outseer has found the presence of rogue mobile banking apps increased 140% compared to the same time in 2020.
Almost half of UK consumers would use open banking for quicker loans, better rates
Zopa has found 4 in 10 UK consumers would use open banking to apply for credit if it boosted the chance of getting an offer or gave them access to better rates than banks.
Integrated Finance closes ?2m seed round to improve collaboration in finance
Integrated Finance, a FinTech infrastructure platform, has netted ?2m in its seed funding round, which will bolster its platform development.
Papaya Global snares $250m in Insight Partners-led Series D
Workforce management platform Papaya Global has raised $250m from a Series D funding round led by Insight Partners and Tiger Global.
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