UBS expands US foothold with Wealthfront take-over
Investment bank UBS has entered into an agreement to acquire automated wealth management provider Wealthfront in a $1.4bn all-cash deal.
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.
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