LHV Bank, one of the UK’s newest licensed banks, has increased its share capital by £20.9m to support its growth ambitions. Following the additional capital investment by the Bank’s sole shareholder, LHV Group, completed in the last week, the share capital of LHV Bank is £75m.

Travelex, a market-leading foreign exchange brand, has launched its online click-and-collect service in Hong Kong, enabling customers to purchase their travel cash in advance online, at Travelex’s best exchange rate.

Byte Federal, a leading company in the global financial technologies space, is proud to announce the official launch of its point of sale (POS) system, ByteConnect

Benjamin Capital Partners announced today the closing of a seed round, raising a total of $5.5 mil. from Play Ventures & F4 Fund. Other prominent investors in the round include inventor, investor, and serial entrepreneur Anton Gauffin; tech CEO and 20-year payment veteran Shane Happach; and Ilkka Teppo, founder of Reworks. The raise will serve to aggressively fuel growth for the Benjamin cash rewards app, which has generated robust consumer demand and revenue growth since its launch in October 2023.

ConnexPay, the world’s first all-in-one payments platform, today announced the appointment of Ben Peters as chief executive officer. Peters brings more than two decades of experience leading and scaling global payments and vertical software companies. Bob Kaufman, founder of ConnexPay, will remain actively involved in the business, assuming the role of chairman of the board of directors and working alongside Peters to continue driving ConnexPay’s strong growth trajectory.

N26 today announced the launch of its Stocks and ETFs trading product in Germany. The company also announced an increased interest rate of 4% on Instant Savings for N26 Metal customers from April 9th, 2024, as it continues to expand and improve its integrated savings and investments offer.

Swiss Re announced today that Andreas Berger will become Group Chief Executive Officer (CEO) effective 1 July 2024, taking over from Christian Mumenthaler, who will step down.

Veriff, a global identity verification (IDV) provider, today announced the release of the 2024 Veriff Identity Fraud Index. The report examines consumer preferences in using digital security to protect their identity online in the U.S. and Europe.

Leading international Payment Service Provider and UK & Europe direct bank card acquirer Ecommpay has launched Direct Debit payments for UK and EU businesses in collaboration with bank payment company GoCardless.