Indonesia's Alami Group, a startup that offers Shariah-compliant peer-to-peer lending for small and medium-size enterprises. The firm, which counts online lender Alami and digibank Hijra Bank as subsidiaries, has secured an undisclosed amount of new funding in a round led by Intudo Ventures.

Silverbird, a global fintech company headquartered in the United Kingdom, has announced its expansion strategy, targeting new markets that include Singapore, Hong Kong, Dubai, the USA, China, and India.

TrueLayer, Europe’s leading open banking payments network, has reached the milestone of processing 1 million variable recurring payment (VRP) transactions in a single month. This news comes just three months after TrueLayer announced it had processed 1 million VRP transactions in total.

Following the success in decarbonising the fashion industry, co-founder of pre-loved clothes marketplace Vinted, Mantas Mikuckas, invests 1M Eur to support the green transformation of agriculture. Debt capital will be deployed to small and medium sized farms through the climate tech specialist HeavyFinance. 

XBTO, a comprehensive platform for digital assets management and tailored investment solutions, today, with its partner company Stablehouse Ltd., introduced XBTO ProTrading (PT). This is a state of the art platform designed specifically for institutions and qualified investors. 

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced it has won awards in three categories at the recent Global BankTech Awards 2023.

Nigeria-based, global multi-asset broker Kwakol Markets, which won the ‘Most Innovative Broker – Africa’ at the UF AWARDS MEA 2023, has extended its innovative approach into providing lifelong educational resources, transforming beginners into investors while offering more experienced traders a Telegram community to discuss market trends and strategies. 

As payment acceptance technology and solutions continue to evolve rapidly, identifying and driving system efficiencies is a key priority for the payment community.

PayNearby, India's largest branchless banking and digital network, announced that its meta-commerce platform - PayNearby Mall, has registered exceptionally low return rates, helping its partner brands optimise costs. The platform which enables easy availability of goods and services in an assisted mode at the last mile has generated a return rate of ~10% when the average rate typically ranges between 20-30%.

New research shows a quarter (23%) of Brits have been denied credit due to their poor credit score - this equates to over seven million people across the UK - with around four in ten (43%) wanting an easier way to build their credit score that doesn’t involve taking out new lines of credit.

BuildMyCreditScore, which launches today, bridges this gap by using open banking technology to empower people to build their credit score simply through everyday spending on a debit card.