Spend management giant Brex breaks decacorn status
US-based corporate spend management firm Brex, has raised an additional $300m in a Series D-2 round led by Greenoaks Capital and Technology Crossover Ventures (TCV).
OakNorth Bank provides ?4.4m coronavirus loan to Beulah Vista Caring Home
Challenger bank OakNorth Bank has completed a ?4.4m Coronavirus Business Interruption Loan Scheme (CBILS) loan to complete the development of a care home.
Bó is shutting down just months after launching its criticised app
Months of setbacks seemed to have been too much for the banking app that was once hailed as NatWest’s Monzo killer, with Bó now announcing that it is closing down.
ACI Worldwide announces new tools to comply with upcoming strong customer authentication rules
Florida-based ACI Worldwide is releasing a new suite of tools to ensure businesses are prepared for the final parts of the EU Revised Payment Service Directive (PSD2) snapping into action in September.
Starling Bank aiming for $40m funding round
UK-based digital only challenger bank Starling Bank is reportedly looking to raise ?40m from investors in a new funding round.
Finclusion Group rebrands to bolster financial inclusion in Africa
Finclusion Group, which is boosting financial inclusion in Africa, has rebranded to Fin and closed a $2m equity round.
Rio Ferdinand-backed Sokin unveils subscription payments platform in UK, Europe
London-based PayTech firm Sokin has introduced the first subscription-based global payments solution in the UK and European markets.
US neobank Current bags $131m as it eyes further growth
Challenger bank Current has secured $131m in a Series C funding round led by Tiger Global Management to work towards making the financial lives easier for its users.
FinTech enterprise Baker Hill deepens partnership Washington Trust Bank
Baker Hill, the FinTech company, has convinced Washington Trust Bank to renew their partnership.
Zero Financial bags $16m seed, alongside platform launch
Zero Financial, a mobile banking solution and credit card startups, has pulled in $16m in a round made of debt and equity.
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