TransferGo, one of the world’s fastest growing money transfer companies, has today announced that it has secured $50m in a Series C funding round. 

This latest fundraise, led by Elbrus Capital Fund III and Black River Ventures, follows consistent 80% year-on-year growth for the fintech company since its launch, and brings the total raised to-date for TransferGo to $77m. 

Leading fintech brand Finalto (previously known as TradeTech Group) is proud to be an official global sponsor of the iFX EXPO International 2021, to be held in Limassol, Cyprus, on October 4-6, 2021. A financial division of Playtech PLC, an FTSE-250 listed company, Finalto is taking the financial services industry to the next level with its award-winning, multi-channel proprietary trading systems, Tier- 1 liquidity services, CRM and back-office intelligent systems, and risk management tools.

• Key milestone reached in less than two years
• Over 170% annual growth driven by new users and increased trading levels
• Concentrated portfolio generates higher than average trading per instrument

Spectrum Markets, the pan-European trading venue for securitised derivatives announced that it has hit the milestone of one billion securitised derivatives traded on the platform since it launched nearly two years ago.

• Four in five (81%) banks seek to differentiate on customer experience rather than products

As flagged in its July trading update, Trackwise Designs' H121 group revenues increased by 71% y-o-y to £4.1m, reflecting the acquisition of Stevenage Circuits in March 2020 and a doubling of IHT revenues, while adjusted EBITDA quadrupled to £0.5m. Management notes the group remains on track to meet market FY21 expectations despite supply chain disruption, so we leave our FY21 and FY22 estimates broadly unchanged.

Sovcombank, the 3d largest private bank of Russia, and Diasoft, the global provider of financial technology, have been announced winners of the 2021 IDC FinTech Rankings Real Results Award with the project for transformation of the bank’s financial markets business based on the modern composable Digital Q platform by Diasoft.

Leading fintech enablement partner, Ukheshe Technologies has announced a new partnership with Chipper, one of Africa’s most valuable startups, to enhance and accelerate the rollout out of Chipper’s digital payment offerings.

The cloud-native TrueCONNECT(TM) SASE service integrates the Zscaler Zero Trust Exchange(TM) Platform to offer a Zero Trust answer for protecting the entire SD-WAN perimeter

TIBCO has announced three key additions to its TIBCO Cloud offering: TIBCO Cloud Discover, TIBCO CloudComposer, and TIBCO LABSGallery. These innovations come from the collaborative TIBCO LABS programme, which enables customers and partners to further innovate when developing and connecting new applications, or defining data, data management, and digital strategies that support future business innovation. 

Today, American Express (NYSE: AXP) has launched AmexExpense, a new, fully digital expense management tool for businesses. Available for all UK Business Gold and Platinum Cardmembers, the free-to-download app simplifies the expense administration process by eliminating the need to save paper receipts and undertake lengthy manual reconciliation.