Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit losses, increased employee costs and investment in market expansion.

In a letter to shareholders, CEO Sebastian Siemiatkowski says the firm has been "operating in a very different environment" in the first half of 2022 as it faced up to the fallout from Russia's invasion of Ukraine, the economic downturn and a "huge shift in investor sentiment".

Pan-African embedded finance Fintech Pezesha has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow into new markets within Sub Sahara Africa.

Bybit, the third largest crypto derivatives exchange in the world by volume, has partnered with Circle Internet Financial, a global digital financial technology firm and the issuer of USD Coin (USDC) and Euro Coin (EUROC) to help accelerate the growth of Bybit as a gateway for retail and institutional USDC-settled products.

The appointment of New York-based retired banker John Horner as Director and Board Chair of Ranqx, is a major coup for the specialist fintech firm who provides banks, credit unions and lenders with real-time data, straight-through credit underwriting, and the intelligence and speed needed to transform the world of small to medium-sized business (SMB) lending.

Fintech start-up iPiD has announced a $3.3M seed funding round by strategic investors Rapyd Ventures, Jungle Ventures, 1982 Ventures, Resolution Ventures, Saison Capital, the XA Network and Wing Vasiksiri. In addition, the company has announced the appointment of Alain Raes, a long-time payments industry expert and former SWIFT executive, to the iPiD management team as Chief Commercial Officer.

As part of its ambitious strategy for instant and frictionless transactions, SWIFT today announces a new capability that uses its global intelligence on past cross-border flows to predict potential problems before new international payments are sent.

FCM Bank’s new core banking solution was built to anticipate the current and future expansion plans of the bank and its parent company SAB Financial Group

DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services partner, has partnered with solution provider Temenos (SIX: TEMN) to lead the digital transformation of critical IT architecture for FCM Bank, one of Malta’s leading providers of savings and fixed-term products.

Zimpler, a leading fintech company born in Sweden, has– with immediate effect–appointed Katarina Bonde as their new chair of the board, and Nicolas Köllerstedt as Chief Growth Officer. Bonde will replace Peo Nilsson, who will remain on as a board member.

Business insurance is a necessity for any business, whether that undertaking is a spaza shop or a multi-national corporation. Sadly, many smaller businesses only realise the importance of business insurance when it’s too late.

CellPoint Digital, the global leader in payment orchestration, today announces it has teamed up with