HedgeFlows, a fintech platform for small and medium-sized enterprises (SMEs) launches today following a £2m funding round.

The HedgeFlows platform enables SMEs to seamlessly manage foreign payments, cashflows and invoices, giving ambitious companies access to services which are often denied by the big banks. The company is fully licensed by the Financial Conduct Authority (FCA).

Mastercard and Obopay today announced their collaboration to launch a financial inclusion card for smallholder farmers and rural communities. Powered by Mastercard’s Community Pass digital infrastructure, the prepaid card will allow farmers to receive the sale proceeds for their crop digitally, spend their earnings to make purchases even in remote locations that have poor or no connectivity, and build a transaction history based on their income and expenditure to access customized credit options.

Complaints to the Financial Ombudsman Service against Buy Now Pay Later (BNPL) firms have jumped 36% over the last three years, highlighting the need for robust regulation of the BNPL market to boost consumer protections.

Sastrify is a digital procurement platform for Software-as-a-Service products. Founded in summer 2020, the company already supports hundreds of high-growth companies in buying and managing their SaaS spend. Before Sastrify, Sven Lackinger and Maximilian Messing cofounded evopark, the market-leading provider for SaaS solutions for parking operators.

Glasgow-headquartered AutoRek, is today launching its updated brand as part of its ambitious global expansion plans. 

Vietnam’s fintech start-up GIMO today has announced the first close of its Series A funding with a US$5.1 million investment led by TNB Aura.  

Other investment firms joining the round are returning investors including Integra Partners, Resolution Ventures, Blauwpark Partners, ThinkZone Ventures, and Y Combinator.  

indó, an Icelandic mobile-first advanced neo-bank, has selected Lucinity as its AML compliance software, including its Transaction Monitoring and Case Manager solutions.

Revolut, the global financial super app with more than 2 million customers in Ireland, is starting to roll out its flexible and feature-filled Credit Card to existing customers in Ireland.

In recent years, customers have embraced the ease of use and convenience that contactless payments can offer them. There’s been, a surge in the use of digital wallets both during and post-pandemic which has greatly increased demand for contactless technology.

Utimaco, a leading global provider of IT security solutions, and Digital Realty, the largest global provider of cloud- and carrier-neutral data centre, colocation and interconnection solutions, today announced a collaboration that enables both partners to offer certified cloud environments for mission-critical cyber security services.