Tag: Banking

German neobank Ruuky has filed for insolvency, after it was unable to overcome market dynamics and raise additional funding.

As the new year gets underway, there were few funding rounds to report on in the first week of 2023, with a smattering of investments made.

Twig, a firm based on circular economy principles, has snapped teen banking services provider Vybe Technolgy for an undisclosed fee.

India-based neobanking platform Jupiter has reportedly snared INR 25 crore ($3m) in debt from Alteria Capital.

Latin American open finance platform Syncfy has raised $10m in seed funding, as it prepares to grow across the region.

Egyptian FinTech platform MoneyFellows, which offers a mobile-based platform to digitise rotating savings and credit associations (ROSCAs), has closed its Series B funding round on $31m.

Super apps are becoming a major global trend. Currencycloud has released a free ebook exploring what a super app is and why they are taking the world by storm.

Spend management platform Payhawk has launched its Payhawk Solution Partner Program, giving its customers access to services partners.

Egypt-based money management app Telda has reportedly raised $20m for its seed funding round, as it looks to revolutionise finance in MENAP.

MinePlex, which claims to be a new-generation mobile bank, has raised $100m in funding.