Allfunds Group plc (“Allfunds” or “the Company”), one of the world’s leading B2B WealthTech platforms for the fund industry, offering fully integrated solutions for both fund houses and distributors, and Iccrea Banca have signed today a Memorandum of Understanding by which Allfunds will acquire Iccrea Banca’s local paying agent business (Banca Corrispondente e Banca Agente), with a related exclusivity agreement.

Gate.io, a leading cryptocurrency exchange, announces the launch of its innovative product, the Gate.io Cryptocurrency Gift Card. This new offering aims to enhance the user experience while promoting the mass adoption of digital assets, providing users with a fresh, alternative, and convenient way to interact with cryptocurrencies.

Wing Bank (Cambodia) Plc. has just integrated IPification one-click phone verification for their users in the country. Wing Bank, one of the major digital banking players in Cambodia, is using the solution to streamline new user registration. IPification is the leading global provider of mobile IP address-based identity solutions.  

Cloud-based infrastructures represent clear opportunities for companies to outpace the rest of their industries with increased speed to market, scalability, resilience and sustainability in their digital offerings. For many, the question remains how to get there.

ManyPets, the award-winning pet insurance provider, has partnered with Vitesse to facilitate 100% of claims payouts processed through their automated claims system, “Millie”.  

Mercury® Financial (“Mercury”) today announced the closing of a $200 million debt facility from client funds managed by Neuberger Berman. Mercury will use the funds to expand its credit card business and continue its mission of providing middle-class Americans responsible financial products to improve their lives.

GlossGenius, a platform designed to handle bookings and payments for salons and spas, today announced that it raised $28 million in a Series C funding round led by L Catterton with participation from Bessemer Venture Partners and Imaginary Ventures.

Croissant, a fintech platform with a mission to empower intentional commerce, launched today with $24 million in seed funding from a suite of top investors, including Portage and KKR co-founders George Roberts and Henry Kravis. Initial funding was used to accelerate Croissant’s MVP launch via a best-in-class founding team led by Co-Founder and CEO John Howard (formerly of KKR), Co-Founder and CTO John Klose (Amazon, PayPal), and Head of Product Vrishti Mongia (Meta, Moda Operandi).

UK and Singapore officials have agreed on a pact for collaboration on FinTech and sustainable finance, emphasising the development of digital assets and currencies as well as sustainable finance, at a meeting in London.

Representatives from HM Treasury and the Monetary Authority of Singapore agreed on global regulatory standards for digital assets and crypto under the Financial Stability Board as well as international standard setters including IOSCO.