Tag: Banking

The cost-of-living crisis is putting 37 million Brits at risk of financial distress, a report from Tink suggests banks need to offer them some support.

European open banking platform TrueLayer has teamed up with UK credit management app Incredible to support variable recurring payments (VRPs).

Digital banking platform Oxygen has secured $20m in its Series B funding round, which was led by return investors.

Egyptian FinTech platform MNT-Halan has secured $400m in funding, making it the largest investment in Egypt and the Middle East over the past 12 months.

Digital bank Zopa has raised £75m from existing investors to support the next stage of its growth, which includes M&A activity.

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.