Shift, a provider of credit and payment platforms to Australian businesses, has raised A$27 million in a Series C funding round led by Sequoia Capital Southeast Asia.

The raise comes on the heels of a A$140 million increase in debt funding capacity for the firm, which has seen revenue exceeding 50% growth in each of the last three years.

The new capital will be used to develop Shift's suite of credit and payment products and deliver more value to Shift’s network of broker partners, merchants and direct customers.

The transaction strengthens Noventiq’s presence in the Middle East and Africa, as part of its global expansion through M&A.

London, 17 February 2023 - Noventiq, the global digital transformation and cybersecurity solutions and services provider, announced today that the acquisition of UAE-based Seven Seas Technology (SST) has been closed.

Sikoia, a London-based unified data platform designed to simplify client onboarding and risk evaluation, has raised $6 million in seed funding.

The round was led by MassMutual Ventures, with participation from Coalition Capital and existing investors Earlybird and Seedcamp.

The Sikoia platform centralises client financial and identity data to simplify onboarding and verification, monitoring, and risk evaluation.

Fintech DNA Payments, one of the largest independent, fully vertically integrated omnichannel payments companies in the UK, has partnered with Mastercard to deliver Click to Pay for merchants across the UK and Europe.

Mastercard Click to Pay offers a simple and secure checkout experience giving consumers instant access to their preferred cards on every device, eliminating the need to manually enter card details or remember passwords.

Insurers were forced to take the pandemic in their stride. Whether it was enabling their vast workforces to be productive from home, or ensuring clients and employees felt supported, many, through sheer grit and determination, have emerged stronger on the other side.

We are delighted to announce that BMLL has won the “Best Data Provider for Equities” at the US “With Intelligence, Fund Intelligence Operations and Services Awards” 2023. The award recognises fund service providers demonstrating exceptional client service, innovative product development, strong and sustainable business growth, those driving up service standards across the sector in the US and stand out from the crowd as the ones the big providers really want to win.

Building on an already successful relationship, BlueFire AI, the award-winning provider of artificial intelligence for capital markets participants, appoints Fintech Connex as its adviser. The two firms will work closely together as Bluefire builds on its excellent traction with clients and investors.

Luke Waddington, CEO, Bluefire AI said: ‘’This is an exciting time for our firm. The Fintech Connex team brings valuable experience to support us in this next stage of the firm’s expansion ”.

Cast your mind back to the emergence of cloud around a decade ago. Financial Services (FS) organisations that adopted cloud technology early benefited from increased scalability, flexibility, improved security, and reduced maintenance responsibilities. This gave them the edge over competitors, who were – and in many cases still are – encumbered with a fragmented patchwork of systems running on legacy infrastructure. 

The fast-growing Saudi Arabia-based regional FINTECH, Hala today announced that it has acquired, through its holding company, United Arab Emirates Paymennt.com during the second edition of the Largest Global Technology event – LEAP 2023.

Payoneer, the financial technology company empowering the world’s small businesses to transact, do business and grow globally, has received (via its subsidiary – Payoneer Payment Services UK Ltd) its Electronic Money License (EMI) from the United Kingdom’s Financial Conduct Authority (FCA).