London-based remittance startup TransferWise is gaining access to the UK’s Fast Payments Service (FPS), through a technical partnership with Raphaels Bank.

The value of bitcoin slumped 20% following the $77m hack of Bitfinex, one of the most-popular cryptocurrency exchanges.

United Overseas Bank (UOB) has partnered with Israeli investment crowdfunding platform OurCrowd seeking a head start in FinTech.

UK-based recruitment contract finance provider Sonovate has raised a total of £20m in debt and equity.

Fledgling fintech company West African Derivatives Exchange has raised nearly ?13.5m ($17.8m) in equity since it launched in December.

InAuth, a provider of mobile fraud prevention and mobile application security, has raised more-than $29.9m in funding.

UK-based banks and startups alike are preparing for the potential economic turbulence Britain’s departure from the EU might bring - but it’s the latter that are best prepared to react.

Banking innovator Cross River Bank has bagged a $28m growth investment from investment firms Battery Ventures, Andreessen Horowitz and Ribbit Capital.Battery led the round for Cross River, which it said would go towards expanding its technology and product-development teams, and launching new business lines to support the increasing number of companies using new technologies to change the way consumers...

Indio, a commercial insurance platform for brokers, has raised $2m in seed financing to grow its user base and platform.

Carrier billing company Boku has raised $13.7m in new venture funding. The round was led by a consortium of UK investors, including angels Andrew Black and Robert Markwick.