Nigeria’s First City Monument Bank to support SMEs and women-led businesses

The African Development Bank has signed a $50m line of credit agreement with Nigeria's First City Monument Bank (FCMB) to bolster access to finance for small and medium-sized enterprises (SMEs) and “women-empowered” business (WEBs).

CrowdStreet locks in $43m in equity and debt funding

CrowdStreet, an online real estate investing platform, has scored $43m in equity and debt capital.
xalts raises $6m for its digital asset ecosystem platform

xalts raises $6m for its digital asset ecosystem platform

xalts, an investment management platform supporting the digital asset ecosystem, has raised $6m in funding.

Italian WealthTech Axyon AI lands €1.6m

Axyon AI, an AI provider for the asset management market, has scored €1.6m in a funding round headed by Fondo Rilancio Startup.

Women-led impact platform CNote raises $7.5m

CNote, a women-led impact platform on a mission to close the wealth gap, has raised $7.25m in its oversubscribed Series A round.
Alternative asset management platform Ethic bags $50m

Alternative asset management platform Ethic bags $50m

Ethic, a sustainability-focused personalisation-powered asset management platform, has closed its Series C round on $50m.
Hazeltree bags $14m for treasury and liquidity management tech

Hazeltree bags $14m for treasury & liquidity management tech

Hazeltree, a treasury and liquidity management technology platform for the alternative asset and investment management space, has secured $14m in strategic funding.

Investing platform Yieldstreet nabs $400m credit facility

Direct-to-consumer investing platform Yieldstreet has closed a $400m credit facility from Monroe Capital.

Serena Ventures ready to make a racket

Following her retirement, tennis star Serena Williams’ has said she will focus on her venture capital firm Serena Ventures, which backs a variety of companies including FinTechs and InsurTechs, many of which are owned by women and people of colour.

MerQube closes $8m round for its indexing services

MerQube, which offers technology for indexing and rules-based investing, has raised $8m in funding.

News Stories


5 questions to ask during compliance budget building

As companies start preparing for 2023, budgets are often a major talking point. Red Oak Compliance has outlined the five questions companies need to be asking when building the compliance budget.

Law enforcers link in global money laundering crackdown

Law enforcement from 25 countries have linked to crack down on money mules and their recruiters.
Intuit acquires SeedFi to bolster Credit Karma solution

Intuit acquires SeedFi to bolster Credit Karma solution

Intuit, a developer of multiple leading FinTech services, has acquired SeedFi, which is the partner behind Credit Karma’s Credit Builder solution.

German compliance firm secjur lands €5.5m

secjur, a Hamburg-based provider of an AI-powered compliance automation platform, has scored €5.5m in seed financing.

FCA hits Julius Baer International with £18m fine

The Financial Conduct Authority (FCA) has slapped Julius Baer International, an investment advisory and wealth manager, with an £18m penalty.

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