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Octane Raises $50 Million in Series E Funding Round

Octane® (Octane Lending, Inc.®, the fintech revolutionizing the buying experience for major recreational purchases, announced that it has closed its Series E funding round with $50 million in new equity capital. Octane has raised $242 million in total equity funding to date.

Tuesday, August 6, 2024 - 16:04
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Financial IT
Qardy Secures 7-Figure Pre-Seed Round to Transform Lending Marketplace in MENA, Backed by Key Investors

Qardy, the first digital lending marketplace in Egypt and the MENA region for financial institutions to fund MSMEs (Micro, Small, and Medium Enterprises), is proud to announce that it has successfully secured a $ 7-figure pre-seed round of investment, with participation from White Field Ventures and Vastly Valuable Ventures among other Angel Investors. This significant milestone underscores the confidence that investors have in Qardy’s innovative approach to financial services and its potential for growth.

Tuesday, August 6, 2024 - 15:30
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Financial IT
BMG Money and WebBank Join Forces to Expand Financial Inclusion Nationwide

BMG Money proudly announces its strategic partnership with Salt Lake City, Utah-based WebBank, to provide access to significantly lower cost loan solutions to underserved communities across the United States.

Tuesday, August 6, 2024 - 15:18
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Financial IT
Microsoft and dLocal Forge Strategic Partnership to Harness Artificial Intelligence in Fintech in Uruguay

Microsoft and dLocal are thrilled to announce a landmark partnership to integrate cutting-edge Artificial Intelligence solutions into the financial technology sector. The partnership was announced at an event held at Microsoft’s AI Innovation Lab in Montevideo today.

Tuesday, August 6, 2024 - 15:14
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Financial IT
Entersekt Appoints Tony Bakshi as Chief Financial Officer

Entersekt, The Financial Authentication Company, today announced the appointment of Tony Bakshi as its new Chief Financial Officer.

Tuesday, August 6, 2024 - 14:53
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Financial IT
Marqeta Signs Five-Year Deal with Varo Bank to Become Exclusive Issuer Processor in the US

Marqeta, the global modern card issuing platform that enables embedded finance solutions for the world’s innovators, today announced it has signed a five-year deal with 

Tuesday, August 6, 2024 - 14:29
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Financial IT
J.P. Morgan Payments and PopID to Expand Biometric Offerings
J.P. Morgan Payments today announced an expanded relationship with PopID to deploy in-store biometric payments to pilot merchants across the United States.
Tuesday, August 6, 2024 - 13:48
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Financial IT
Banking Circle Receives ISO Certification for Information Security

Banking Circle S.A, has received the globally recognised ISO/IEC 27001:2022 certification for information security management systems (ISMS). Underlining the sustained commitment it places on information security, this certification gives Banking Circle clients continued confidence that it puts legal, regulatory and contractual obligations at the centre of its operations.

Tuesday, August 6, 2024 - 12:55
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Financial IT
Zopa & ClearScore-led Campaign Pledge2025.org Surpasses 15 Million Actions Milestone in bid to build the financial resilience of UK consumers

The 2025 Fintech Pledge has successfully achieved more than 15 million actions in its goal to help millions of UK consumers strengthen their ability to withstand an economic shock, successfully achieving more than half its initial objective.

Tuesday, August 6, 2024 - 12:44
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Financial IT
NCR Voyix Enters Definitive Agreement to Sell Digital Banking to Veritas Capital for $2.45 Billion Purchase Price

NCR Voyix Corporation, a leading global provider of digital commerce solutions, and Veritas Capital, a leading investor at the intersection of technology and government, today announced the signing of a definitive agreement under which an affiliate of Veritas has agreed to acquire NCR Voyix’s cloud-based digital banking business for $2.45 billion in cash plus future additional contingent consideration of up to $100 million.

Tuesday, August 6, 2024 - 12:18
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Financial IT

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