Sector Updates

Mobile payments and services startup instantPay picks up $5m

Indian mobile payments and financial services startup instantPay has raised about $5m in a pre-Series A round of funding. The capital comes from RB Investments and Kaleden Holdings.
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Well Fargo, Goldman Sachs and more pump $18m into Axoni

Axoni, a blockchain startup developing solutions for financial services, has picked up $18m in a Series A round. The funding was co-led by Wells Fargo and Euclid Opportunities.

Nutmeg adds another ?12m from Taipei Fubon Bank

London wealth management company Nutmeg has added ?12m to its ?30m Series D round from Taiwanese financial services firm Taipei Fubon Bank.
fintech insurtech wealthtech regtech ai cybertech esg news

Vend grabs $13m for retail-focused POS

Point of sale (POS) and retail management software provider Vend has picked up $13m in a Series D round.
fintech insurtech wealthtech regtech ai cybertech esg news

Cardlay snags $4m to help banks serve corporate clients

Danish card and expenses management platform Cardlay has picked up $4m from undisclosed private investors.

Citizen Bank partners with Fundation to offer SME loans

Citizens Bank will introduce digital lending to small business customers through a partnership with alternative lending startup Fundation.

Japanese payments app Kyash picks up $8.5m

Japanese payments and remittance startup Kyash has raised more than ?1bn ($8.5m) in a Series A round.
fintech insurtech wealthtech regtech ai cybertech esg news

Zipari nabs $7m for predictive health insurance CRM

Insurance CRM provider Zipari has secured $7m in a Series A round led by Vertical Venture Partners.
fintech insurtech wealthtech regtech ai cybertech esg news

Appetize scoops up $20m for venue POS systems

Appetize has raised more than $20m in a funding round led by private equity firm Shamrock Capital Advisors.
fintech insurtech wealthtech regtech ai cybertech esg news

SupportPay pockets $4.1m to automated child support

Automated child support payments platform SupportPay has raised $4.1m in its Series A round. The funding was led by Fenway Summer Ventures.

News Stories

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata and Temenos enhance bank reconciliation with extended technology partnership

Validata, a leading provider in AI-driven reconciliation and data management tools, has partnered with Temenos, a banking software developer. 

Corpay boosts market presence with strategic Paymerang acquisition

Corpay, which offers corporate payments, has officially announced its intent to acquire Paymerang, a top provider of accounts payable automation solutions.
Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds excel in early 2024

Canadian sustainable fixed income funds have made a robust start to the year, with the Morningstar Canada Sustainable Fund Landscape for Q1 2024 reporting an impressive $193.3m in inflows.
Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Pomelo and Thunes innovate cross-border finance with new digital wallet solution

Bloomberg today unveiled a groundbreaking tool on the Bloomberg Terminal that enables investors to scrutinize portfolios, funds, and indices through sustainability thresholds tailored by the users themselves.
“The top 10 banks for AI talent currently account for 51% of the overall banking industry talent pool—a huge advantage when it comes to AI adoption. This concentration of AI talent has real consequences. If the banks that lag behind cannot close the gap, the race to implement AI will become an uphill struggle.”

US banks are surpassing European counterparts in AI talent growth

In the past six months, the world's foremost banks have expanded their AI talent by 9%, a rate that doubles their overall headcount growth, according to a survey from Evident.

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