ID Finance, a prominent FinTech company, has achieved a significant milestone by securing a €12m credit line from a listed bank.

The financing agreement is set to bolster ID Finance’s consumer lending operations in Spain, where it has already established a strong presence with over two million unique registered users. This move is expected to solidify ID Finance’s standing as the top alternative lending brand in the Spanish market.

Gala Technology, a leading innovator in secure payment solutions, is proud to announce a groundbreaking development in digital transactions. In a strategic partnership with Worldpay, Gala Technology has successfully integrated SOTpay with Apple Pay and Google Pay, heralding a new era in payment convenience and security.

The Isle of Man has launched its biggest-ever Innovation Challenge to develop solutions that tackle key issues in FinTech, Cleantech, and Artificial Intelligence.

Participating businesses from around the world will develop and test creative technology-based solutions to address challenges faced by companies in the Island and globally.

New research from leading online pension provider, PensionBee, reveals a notable enthusiasm among c.1,000 UK pension holders for the recently announced ‘pot for life’ pension model.

Over three-quarters (76%) of pension savers expressed that they would consider opting for the new model, while only 5% of savers stated that they would not be interested in having their own pension into which employers can pay contributions.

ALT21, a leading hedging technology company, welcomes Ann Stock to its board of directors.

The Board announcement follows the Company’s recently closed USD 21mio (19.4mio EUR) million funding round, one of the largest pre-series A funding rounds in Europe so far this year, to support the next stage of its growth.

New research from leading international payment service provider and UK and Europe direct bank card acquirer, Ecommpay, reveals that men are more likely to use Buy Now, Pay Later (BNPL) (44%) compared to women (35%) this Black Friday. When asked why, two in five consumers (39%) cited the increasing cost of living and inflation as their reason for using BNPL services more in 2023 – with expected use up from 35% in 2022.

Nigerian trade finance startup FrontEdge, a company focused on facilitating cross-border trades for African SMEs, has raised a substantial $10m in a mix of debt and equity funding.

Lasso Security, innovators in Large Language Models (LLMs)  cybersecurity, announced a $6 million seed round led by Entrée Capital with the participation of Samsung Next. Every few years there's a major technological revolution. In the 90s, it was the internet; in the 2010s, it was the cloud and most recently, we have Generative AI.

A new digital solution that helps identify and support people in vulnerable situations has been launched at one of the UK’s leading credit unions.

Developed by Sopra Steria Financial Services, a subsidiary of the purpose-led digital transformation provider, Sopra Steria, and in partnership with the University of Edinburgh, Support Point will soon be available to all members at Capital Credit Union.

As the holiday season approaches, SEON, a leader in online fraud prevention, has shed some light on the unique challenges and trends that businesses face during Black Friday and Cyber Monday. Drawing from its own internal data, SEON presents a nuanced picture for online businesses operating during this period.