Nexi – the European PayTech – and 

Enfuce, the leading provider of embedded finance solutions today announces a new partnership with the UK’s leading small business lending platform, Funding Circle, to launch its new small business credit card as part of its FlexiPay product.

Lynx, a leading provider of AI software that detects and prevents fraud and financial crimes, today announces a €17 million (c.£15 million) Series A funding round led by Forgepoint Capital, a leading venture capital firm focused on cybersecurity and digital infrastructure software, with the participation of Banco Santander, a Lynx shareholder. Forgepoint Managing Director Leo Casusol will join Lynx’s Board of Directors.  

Development processes are often complex and non-transparent. In the automotive industry, for example, many thousands of employees in hundreds of teams are usually involved in the development of new vehicles. Engenion from GFT uses AI to create transparency. This allows projects to be carried out much more efficiently.

Onfido, the global automated identity verification provider, today announced the findings of its 2024 Identity Fraud Report and unveiled its Fraud Lab. The report points to the increasing availability of simple-to-use AI tools as the reason for a 31X increase in deepfakes and a 5X increase in digitally forged identities, making it easier for criminals to carry out sophisticated attacks. Onfido’s Fraud Lab has been launched as a response to these trends.

Viamericas Corporation, an international, licensed remittance company, has joined as a founding member of the new Financial Inclusion Consortium for Central American Remittances (FICCAR) launched by the Partnership for Central America (PCA) to support the mission of increasing financial inclusion for people in Central America. As part of the consortium, Viamericas is pledging to increase the number of remittances sent directly to bank accounts by 20% over the next five years.

UK-based FinTech Stubben Edge Group is pleased to announce the launch of the Small Business Pro (SB Pro) platform delivered by the company’s market-leading business title, smallbusiness.co.uk.  

Rho Labs, a builder of Rho Protocol, an on-chain, non-custodial interest rate futures and swaps market, today announces a successful raise of $2.2M in a pre-seed round, led by Speedinvest. Investors in the round included Keyrock, Re7 Capital, Daedalus Collective, and Dmitry Tokarev, CEO of Copper.co, among others.