LGBTQ+ neobank Daylight to shut down following allegations and controversy

LGBTQ+ neobank Daylight to shut down following allegations and controversy

Daylight, a neobank tailored to the LGBTQ+ community, has announced its imminent closure. According to CEO Rob Curtis, the company's operations will end on 30 June, a report from TechCrunch claims.
Redefining the customer journey: Skandia's digital leap with Kidbrooke's OutRank

Redefining the customer journey: Skandia’s digital leap with Kidbrooke’s OutRank

In the fast-paced digital age, traditional financial entities find themselves contending with customer demands for efficient, convenient service similar to what's provided by digital powerhouses like Amazon, Netflix, and Spotify.
Unlimited

Investment firm Unlimited seals $8m Series A funding

Unlimited, which allows investors to access alternative investment strategies without the high costs commonly associated, has bagged $8m.
Plenty secures $2.75m to revolutionise wealth creation for modern couples

Plenty secures $2.75m to revolutionise wealth creation for modern couples

San Francisco-based FinTech company, Plenty, has made waves as the maiden financial platform aimed at aiding couples in discussing, managing, and investing their finances collectively.  The firm recently garnered a significant $2.75m in a pre-seed capital raise, drawing the interest of heavyweight investors.
Global digital banking group Tyme garners $77.8m, Tencent elevates stake

Global digital banking group Tyme garners $77.8m, Tencent elevates stake

Tyme, a leading digital banking group globally recognised for its swift expansion, has successfully secured a funding round of $77.8m.
Onyx Private's tailored banking for high earners attracts $4.1m funding

Onyx Private’s tailored banking for high earners attracts $4.1m funding

Onyx Private, a digital bank dedicated to high-earning Millennials and Gen Zers, has successfully attracted an impressive $4.1m funding round.
kiwi-scores-80m-in-fresh-funds-to-propel-financial-inclusion-for-latinos-in-the-us

Kiwi scores $80m in fresh funds to propel financial inclusion for Latinos in the...

Kiwi, a Latino-founded FinTech entity, aims to propel the financial literacy of consumers, whilst enabling credit history development.
PYOR

Global institutional participation in digital assets set to soar as PYOR raises $4m

PYOR (Power Your Own Research), a firm focused on the provision of high-fidelity data and insights for the assets industry, has raised $4m in...
Glovo Ukraine Startup Lab boosts FinTech, grants €35,000 to top three startups

Glovo Ukraine Startup Lab boosts FinTech, grants €35,000 to top three startups

Glovo, the Barcelona-founded global technology platform, recently hosted the Glovo Ukraine Startup Lab competition in partnership with the Ukrainian Startup Fund.
plinqit-collaborates-with-sonata-bank-to-transform-financial-health-of-us-restaurant-sector

Plinqit collaborates with Sonata Bank to transform financial health of US restaurant sector

Plinqit, renowned for its innovative platform that melds automated savings, insightful financial wellness content and virtual account management, has announced a promising partnership with Sonata Bank.

News Stories

sompo-expands-global-presence-candian-branch

Sompo International expands global presence with new Canadian branch

Sompo International, recognised globally as a leader in commercial and consumer property and casualty (re)insurance, recently announced its first foray into Canada with the inauguration of a new office in Toronto.
Weekly FinTech funding falters after strong week

Weekly FinTech funding falters after strong week

Total funding took a nose dive from last week. A total of $580m was raised across 33 FinTech funding rounds this week, compared to the $1.8bn raised the previous week.  
Chinese

Microsoft uncovers Chinese cyberespionage on US Pacific territory

A Chinese cyberespionage initiative has been detected that focuses on the essential infrastructure within Guam by Microsoft. 
regulator

Regulatory oversight in the crypto realm: A deep dive into communication practices

As crypto firms face a challenges, regulators have launched investigations into companies' GRC arrangements.
Klarna's path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna’s path to profitability: Stellar Q1 results and a new partnership with Airbnb

Klarna, the AI-enhanced global payments network and shopping service, recently unveiled its first-quarter results, showcasing impressive growth surpassing ecommerce trends.

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