Global financial services provider iBanFirst, delivering solutions across banking borders, has announced that it will continue to expand with the help of venture capital funds Elaia and Bpifrance, through its growth capital fund Large Venture. The pair join French funds Serena and Breega, which first invested in the fintech in November 2018 and have participated once again in this latest funding round. They will find themselves alongside Xavier Niel, who acquired stakes in the company in October 2016.

Neptune Networks Ltd. (“Neptune”), the fixed income pre-trade market utility, announced today that it had recently closed a successful capital raise from existing shareholders. Neptune has raised in excess of $15 million across two-tranches.

The majority of Neptune’s existing shareholders participated in the capital raise, these included Bank of America, Barclays, BBVA, BNP Paribas, Citi, Crédit Agricole CIB, Credit Suisse, Deutsche Bank, Goldman Sachs, ING, J.P. Morgan, Morgan Stanley and UBS.

Surecomp®, the market leader in global trade finance and treasury solutions for banks and corporations, today announced the launch of its new fintech Marketplace. Accompanied by the launch of a fresh new brand identity, website and API developer portal, the arrival of Marketplace epitomizes the evolution of industry change and digitization by offering a web-based platform providing single point access to other innovative solutions within the wider trade finance ecosystem.

Catherine Lewis La Torre has been appointed Interim CEO of the Government-owned British Business Bank and will take up the role from 1 September. Catherine currently holds the position of CEO of the Bank’s two commercial subsidiaries, British Patient Capital and British Business Investments.

In October 2019, Keith Morgan CBE announced that he would be standing down from the role of Chief Executive of the British Business Bank by the end of 2020, after eight years at the helm of the UK’s economic development bank.