Banking Infrastructure

South African API FinTech startup Stitch raises a $4m seed round

FinTech firm, Stitch secured a seed round of $4m, making it the largest round raised by any API startup in Africa at the moment.

Former Paytm Money CEO launches new FinTech venture, Raise Financial

Former Paytm Money managing director and CEO Pravin Jadhav's new FinTech startup Raise Financial has secured seed funding in a round led by Mirae Asset.

Backbase teams up with Zafin

Banking platform provider Backbase has inked a deal to incorporate Zafin’s relationship-based product and pricing capabilities into its Engagement Banking platform.

Tarabut Gateway claims to have raised the largest seed round in the MENA

Open banking platform Tarabut Gateway has bagged $13m in its seed round, which was led by Target Global.

Challenger bank Penta closes Series B round with €7.5m totalling funding amount to €30m

German challenger bank Penta has topped up its Series B adding an additional €7.5m injection, therefore bringing its total amount raised to €30m.

FinMkt partners with Persistent to provide banks with digital lending solutions

Point of sale (POS) financing SaaS provider FinMkt has teamed up with global solutions company Persistent.

Accounting firm Ageras secures $73m to ease financial needs for businesses

Investcorp-backed global asset manager company Ageras has raised $73m in new funding round from Lugard Road Capital.

Creatio scores $68m in growth funding

Creatio, a low-code software for process management and CRM, has netted $68m in a growth funding round.

Earnix becomes the next FinTech unicorn

Earnix, which has built an AI-powered pricing and product personalisation platform for insurance and banking, has reached the highly coveted unicorn status.

Nearly half of banks could soon be digital new survey finds

Almost half of the banking executives around the world are looking to digitalise their businesses, according Temenos' new research.

News Stories

The European Central Bank (ECB)’s climate-related supervision has already led to an improvement in banks’ risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.

ECB researchers claim that EU banks have already reduced climate risk

The European Central Bank (ECB)’s climate-related supervision has already led to an improvement in banks’ risk exposure and management, and increased capital allocation towards green finance, according to researchers at the central bank.

FRC’s revised stewardship code eases reporting demands

The Financial Reporting Council (FRC) has implemented significant changes to the UK Stewardship Code, aimed at simplifying the reporting process for signatories. According to...
Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics partner to revolutionize insurance pricing with AI

Akur8 and Mutual Capital Analytics have announced a strategic partnership aimed at transforming insurance pricing through advanced, AI-driven technologies.
London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.

London-based InsurTech Wrisk sees remarkable 219% YoY revenue growth in H1

London-based InsurTech, Wrisk, has announced a 219% year-on-year revenue growth in H1 2024.

HSBC sets sights on sustainable finance with climate-focused infrastructure unit

HSBC has announced the creation of the HSBC Infrastructure Finance (HIF), a new division focusing on climate-aligned infrastructure and project financing. According to ESG News,...

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