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ClearBank, the cloud-based clearing bank, today announced that it is providing agency banking services to UK-based money app Ziglu. ClearBank’s technological infrastructure, regulated payment rails and treasury management service have bolstered Ziglu’s banking and investment offerings, enabling Ziglu to offer virtual GBP accounts to its customers.
From a non-existent concept pre-Covid-19 to becoming fully entrenched in common parlance, hybrid work and hybrid workplaces, are the centre of conversations and debates in boardrooms and home offices across South Africa.
ApolloX, one of the top 10 decentralized exchanges (DEXes) on CoinMarketCap as of June 2022, announced today that it has secured an undisclosed amount in seed funding from investors including Binance Labs and Kronos Research.
Other investors who participated in the round include Lingfeng Capital, SafePal, Token Pocket, 3Commas and LUX Capital.
CASHe, India’s leading credit & wealth-led, AI-driven financial wellness platform, announced that it has crossed the significant milestone of having disbursed 1.2 million loans worth Rs. 4,000 crores since its inception. It further stated that on the back of economic revival and a strong rebound in retail loan demand, the company is eyeing fresh disbursals worth Rs 3,600 crores in FY22-23, thereby projecting a cumulative loan disbursement of Rs. 7,600 crores ( 1Billion USD ) by end of this financial year.
World-leading embedded finance experiences platform, Railsbank, has changed its name to Railsr, and launched a rewards offering, signifying that it is ready to create and deliver the next evolution in the consumer finance experience.
Embedded Finance Experiences
Liberis, a leading global embedded business finance platform, today announced that it has entered into a partnership with Barclaycard to offer its small business customers access to personalised revenue-based finance. The news follows Barclays’ investment of £34.5 million in Liberis agreed in Q4 2021.
In a rare acquisition of a US tech company by an African tech company, MFS Africa, Africa’s largest digital payments network, today announces that it has reached an agreement to buy Global Technology Partners (GTP).
What is this edition of Financial IT really all about?
In theory, it should be very easy to sum up the insights that are, collectively, delivered by our contributors and supporters in an Editors’ letter. Each edition nominally has a main topic – and the contributions are usually related quite closely to that topic.
