Egyptian money management app Telda raises $20m
Egypt-based money management app Telda has reportedly raised $20m for its seed funding round, as it looks to revolutionise finance in MENAP.
GoHenry lands $55m to aid global expansion
GoHenry, a prepaid spending card for children, has scored $55m from a recent financing round to push forward plans for global expansion.
MinePlex raises $100m for its new mobile bank
MinePlex, which claims to be a new-generation mobile bank, has raised $100m in funding.
Searches for ‘savings account’ explode by 301%
Google searches for ‘savings account’ have exploded by 301% above the average in October 2022 – reaching the highest level in five years.
Hummingbird Ventures backs neobank Vance in seed round
India-based global neo-banking platform Vance has raised $5.8m in a seed round led by Hummingbird Ventures.
Total BaaS revenue to exceed $38bn by 2027
The total banking-as-a-service (BaaS) platform revenue will exceed $38bn by 2027, rising from $11bn in 2022, according to a report from Juniper Research.
Frost gears up for growth with £1.1m funding
Frost, an e-money institution helping people take back control over their finances, has raised a total £1.1m in funding and named Andrew Jennings as CSO.
Oportun secures $150m loan to boost digital banking
Oportun Financial Corporation has closed a $150m senior secured term loan to drive its mission-driven FinTech and digital banking platform.
Southeast Asia-focused FinTech Fazz Financial raises $100m
Fazz Financial, a FinTech aimed at Southeast Asia, has raised $100m for its Series C round, which comprises $75m in equity and $25m in debt.
Revolut is the most searched online banking service in Europe
UK-based FinTech giant Revolut is the most searched online banking service in Europe, according to a study by spread betting broker CMC Markets.
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