Banking Infrastructure

Nuula, which helps companies manage their cashflow, has collected $120m in a funding round comprised of debt and equity.

Lean has raised $4.5m in a seed round led by Inspired Capital that included participation from Atelier Ventures, Oceans Ventures and Acequia Capital to ensure gig and independent workers get access to financial products.

A recent report by payment service provider Emerchantpay has discovered digital wallets will account for £11bn in online consumer spending by 2026.

UK-based global payments provider Sokin has teamed with Arsenal FC to become its new official money transfer partner.

A recent survey conducted by PayTech firm GoCardless found 86% of respondents agreed that one late payment can impact everyone in the supply chain.

Bangladeshi B2B commerce platform ShopUp has secured $75m in a Series B funding round headed by Peter Thiel’s Valar Ventures.

Blockchain start-up Fluency has reeled in $1.3m in seed funding from various unnamed European investors, giving the company a total valuation of $23.5m.

Aurelia, which helps automate financial management, has reportedly collected $3m in its seed round.

Veritran, a low-code software developer for banking, has secured an investment from Miami-based investor Trivest Growth Investment Fund II.

The Central Bank of Nigeria (CBN) is teaming with Barbados-based FinTech Bitt to introduce a new central bank digital currency (CBDC) called eNaira.