Sector Updates

US regulatory bodies issue statement on digital assets

US regulators have come together to issue a joint statement reminding those engaged with digital asset to meet anti-money laundering (AML) and counter financing terrorism (CFT).

Viva Republica is looking to get an online banking licence through new deal

South Korean Viva Republica is gearing up to getting an online banking licence after signing an agreement with Standard Chartered Bank Korea.Viva Republica is...

Revolut has tapped JPMorgan for help to raise a $1.5bn round

UK-based challenger bank Revolut has hired the American investment bank JPMorgan to get the financial muscles to go global.

Alfa-Bank and Novolipetsk Steel to pilot cross-border payments

Alfa-Bank and Novolipetsk Steel Company has teamed up with Commerzbank and Vesuvius to launch a cross-border payments program.

ICONLOOP has received its first venture capital investment

ICONLOOP, a decentralized ledger solution for digital identity, has received its first venture capital investment.

Autonomous checkouts platform Standard Cognition acquires DeepMagic

Autonomous checkout service provider Standard Cognition has acquired DeepMagic to support its own platform.

Pluto surges past its initial crowdfunding goal of £200k

Travel insurance startup Pluto has soared past the initial goal of its crowdfunding campaign, reaching £623,177 so far.

FintechOS closes Series A as it eyes expansion into South East Asia and US

FintechOS, which builds automated financial technology software solutions, has raised €12.7m ($14m) in Series A funding.

AvidXchange hoping to increase company valuation to $2bn

Accounts payable software supplier AvidXchange is reportedly eyeing a private fundraise which could see the business valued at $2bn.

Spherity bags seed round to support growth of team

Spherity has raised a seed investment round from High-Tech Gründerfonds (HTGF) to support the growth of its team,

News Stories

Over $3bn raised in this week's 29 FinTech funding rounds

Over $3bn raised in this week’s 29 FinTech funding rounds

Over $3bn was raised by FinTech companies this week, supercharged by a colossal €1.5bn raised by UK-based SumUp. 
Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena welcomes Rajesh Mehta to enhance transaction banking strategy

Intellect Design Arena, a pioneering FinTech company known for its cloud-native, API-led microservices-based multi-product platforms, has appointed Rajesh Mehta to its Growth Advisory Board.
League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League data and Mambu revolutionize Canadian credit unions with new digital banking platform

League Data and Mambu have embarked on a groundbreaking journey to transform the Canadian financial landscape by introducing advanced cloud banking solutions to credit unions.
Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint and Oscilar unite to enhance fraud prevention in FinTech

Fingerprint, known as the world's most accurate device intelligence platform, is partnering with Oscilar, a leader in AI-driven risk and fraud management.
Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English and dLocal forge strategic partnership to revolutionise local payments in emerging markets

Open English, an online English-learning platform operating in over 30 countries, and dLocal, a leading cross-border payment platform specializing in high-growth markets, have recently announced a significant partnership.

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