WealthTech

Kuda Bank said to close $10m seed round as it looks to boost financial...

Kuda Bank, an African challenger bank, has reportedly raised $10m in its seed round.

UK challenger bank OakNorth partners with SME-focused lender OIMIO

Dutch commercial real estate lender OIMIO has launched through a collaboration with UK-based challenger bank OakNorth.

India-based Avail Finance said to close $3.2m in funding

Avail Finance, a neo banking platform for workers in India, has reportedly raised INR 24 crore ($3.2m) in debt financing.

Metro Bank is rolling back its expansion plans after last year’s financial chaos

UK high street challenger bank Metro Bank has scaled back its expansion plans in the fallout of the accounting error that stripped £900m off from its value.

India-based MoneyHOP said to close seed round

MoneyHOP, a global banking platform aimed at Indian millennials, has reportedly nabbed $1.25m in its seed round.

Mastercard and bunq take their relationship to “the next level” by spreading the challenger...

Having gone steady since they first partnered up in 2015, Mastercard and bunq have now expanded their partnership to accelerate the growth of bunq’s card offerings in Europe.

Chat-based banking app Clickatell collects Series C

Clickatell, a chat platform that supports banking and payments, has netted $91m for its Series C round, which was led by Arrowroot Capital. Funds also...

Digital bank Quontic reveals new partnership with MANTL that it says COVID-19 shows the...

Adaptive challenger bank Quontic has signed a new deal to boost its customers’ experience with banking technology firm MANTL. With the coronavirus plaguing the economy, the news could potentially not be more timely.
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Digital bank Zopa nets £75m to support M&As

Digital bank Zopa has raised £75m from existing investors to support the next stage of its growth, which includes M&A activity.

Virgin Money backtracks on its decision to suspend almost 32,000 credit cards during the...

UK neobank Virgin Money has decided that suspending nearly 32,000 credit cards amidst a national crisis might not be such a good idea after all.

News Stories

ValidMind

ValidMind raises $8.1m in seed funding to enhance AI transparency in FinTech

ValidMind, a trailblazer in next-generation AI and model risk management for the FinTech sector, has secured $8.1m in seed funding.

NewRetirement clinches $20m in Series A to transform financial planning

NewRetirement, a financial planning platform for consumers and enterprise partners, has successfully closed its Series A funding round.
Unlocking the future of wealth: Strategies for intergenerational wealth transfer in the UAE

Unlocking the future of wealth: Strategies for intergenerational wealth transfer in the UAE

The impending great wealth transfer is poised to redefine the financial landscape of the Middle East. Kidbrooke, which offers outcome-driven analytics and data management...

New Zealand’s central bank unveils climate risk management blueprint for finance

The Reserve Bank of New Zealand – Te Pūtea Matua has taken a significant step towards fostering a stable financial system in New Zealand with the publication of a new Guidance aimed at helping regulated entities manage climate risks.

Philippines steps up financial innovation with new payment systems regulations

The Bangko Sentral ng Pilipinas (BSP) has introduced the Manual of Regulations for Payment Systems (MORPS),

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