Today the British Business Bank publishes a list of 30 additional companies in which the Future Fund holds an equity interest taking the total to 529 as at 31 March 2023.

The level of conversions began to decline in Q4 2022/3 compared to the previous quarter, and conversions in January and February remained low but began to increase slightly in March. The number of administrations also began to grow in this quarter which in part was driven by the weakness in the wider UK market and the banking crisis.

MODIFI, a leading European fintech company specializing in cross-border payment solutions and provision of liquidity for exporters around the world, announces the opening of its new office in Singapore. The expansion is part of MODIFI's strategy to strengthen its global presence and better serve customers in Asia.

Global Processing Services, a next-generation global payments platform behind the leading fintechs, digital banks, and embedded finance providers across the UK, Europe, Asia, Middle East and North America, has today rebranded as “Thredd,” to reflect the company’s pivotal role in weaving together the different ‘threads’ of the global payments ecosystem to fuel the growth of electronic payments. 

PPRO, the leading digital payments infrastructure provider, has signed a strategic agreement with NPCI International Payments Limited (NIPL) to offer global partners access to Unified Payments Interface (UPI), India’s fastest-growing, real-time payment system, for cross-border transactions. Today’s agreement, supported by a new framework co-developed with NIPL, paves the way for the first merchants to go live in the coming months.

VigiPay, a Nigerian fintech providing digital payment services, and ThetaRay, a leading provider of AI-powered transaction monitoring technology, today announced they will collaborate to protect VigiPay’s growing business against money laundering, sanctions violations, and other financial crime risks. 

m3ter, the pricing operations platform, today raised $14 million in Series A funding to further its mission to help software companies successfully operationalise modern usage-based pricing strategies to realise their full potential. The investment will support m3ter as it launches new analytics features and expands its U.S. presence, building on impressive traction since the company launched from stealth in 2022.

HTC Global Services, a US-based information technology and business process outsourcing services company, is proud to announce its strategic alliance with Azentio Software, a leading software products company headquartered in Singapore, to provide cutting-edge digital BFSI solutions.

Wayhome, the Gradual Homeownership provider, announced that they have closed a Series A equity funding round of £8m. 

Led by existing investors Allianz X (Stripe, WeLab, CLARK), Augmentum Fintech (interactive investor, Tide, Zopa) and new funders Volution, Love Ventures and Cur8 Capital, the monies raised will provide cash runway to break even point as Wayhome continues to disrupt the conventional home buying space with their unique Gradual Homeownership model.

The banking sector’s primary self-regulatory body, the Lending Standards Board (LSB), is urging firms to prepare for the financial struggles customers will face this year, as incomes are eaten away by the higher cost of everyday life. 

In its 2023/24 Business Plan released today, the LSB outlines how its areas of focus for the year will include financial resilience and digital journeys, alongside its ongoing work on the prevention of authorised push payment (APP) scams. 

MarketVector Indexes^TM (“MarketVector”), a pioneer in the digital assets space, announces a collaboration with Digital Asset Research (DAR). Through this initiative, MarketVector will leverage DAR’s data, underpinned by DAR’s exchange vetting process, to power index methodologies and create robust, transparent indexes for market use.