India-based U GRO CAPITAL has reportedly received INR 400 crore ($53.4m) in a mixture of non-convertible debentures (NCDs), term loans and commercial papers.

American-Senegalese singer Akon has announced that the construction of Akon City has begun and that it will resemble the fictional country Wakanda from the Marvel movie Black Panther.

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.

Codat, which helps connect internal systems of small businesses to banks and FinTechs, has secured a £2.5m investment, coming just a couple of months after its previous fundriase.

American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.

Brazil-based SuperSim has reportedly netted $5.6m in a debt financing round, which will help more consumers in Latin America access funding.

Zero-trust networking and access software provider Elisity has launched out of stealth after closing a $7.5m seed round.

Online insurance platform Huddle has reportedly netted $3.1m in its funding round, which was led by AirTree Ventures.

The World Bank will provide the Commonwealth of Dominica with $75m to assist in transformation of the country's digital economy.

Digital securities company Akemona has registered with the US Securities and Exchange Commission (SEC) and is now a member of the Financial Industry Regulatory Authority (FINRA).