Sidekick Partners and Scribd founder back LemonEdge in $2.5m round
London-based FinTech startup that helps firms in the private equity and financial services industries digitise complex accounting LemonEdge landed $2.5m in new capital.
El Salvador becomes first country to make Bitcoin a legal currency
The government of El Salvador has passed a bill that will see Bitcoin join the US dollar as legal tender in the country.
Pennylane picks up $18m from Sequoia for its financial management and accounting platform
Paris-based financial and account management solutions provider Pennylane raised €15m ($18m) in new funding from Sequoia Capital.
Assure Hedge said to raise €5m at a valuation of €30m
Assure Hedge, which helps to automate currency hedging, has reportedly collected €5m in fresh funding round.
HSBC bolsters Hong Kong offering with AI-powered equity index product
HSBC has unveiled AiPEX5, a new AI-powered equity index structured product to bolster its wealth offering in Hong Kong.
Bank of England initiates climate stress tests to explore risks
The Bank of England (BofE) has kicked off its Climate Biennial Exploratory Scenario (CBES) to scrutinise the risks that could be incurred from climate change.
Tide said to close a multi-million round from Apex Digital, valuing it at $350m
British FinTech Tide is said to be closing in on a £350m valuation following a fresh cash injection from the growth arm of private equity giant Apax Partners.
Nubank nabs $750m in a Berkshire-led round at a valuation of $30bn
Warren Buffett’s Berkshire Hathaway Inc invested $500m in Brazil’s Nubank, boosting the fast-growing FinTech firm's aim to expand across Latin America.
PwC study finds digital transactions are outpacing cash payments
A study by PricewaterhouseCoopers (PwC) has found cashless transaction volumes are expected to outpace cash payments going into 2030.
Almost half of European executives see Covid-19 digital shift as permanent, survey finds
A study by Swedish open banking platform Tink has found 41% of European financial executives believe the shift online caused by the Covid-19 pandemic is permanent.
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