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One of the most crucial aspects when running a business is to ensure that clients pay you on time, as if not, this can cause many deviations from your company's normal operations. Not to mention how frustrating it is to stay and wait for their payment so that you can run your operations as you should and pay your employees on time. If this doesn't happen in a reasonable amount of time, you will need to contact the client repeatedly, which can strain the relationship you have worked so hard to build with a customer.
Anchor, a Nigerian banking-as-a-service (BaaS) provider, has raised $2.4 million in seed investment. Justin Kan’s Goat Capital led the financing round which also welcomed participation from FoundersX, Rebel Fund and some existing investors, including Y Combinator and Byld Ventures.
Akur8, the next-generation insurance pricing solution powered by Transparent AI, has closed a new funding round of $25m, bringing its total funding to $60+m. This latest investment round closed four years after Akur8 first commercialized its platform and introduces a new investor, FinTLV, a global Insurtech and fintech venture capital fund based in Tel Aviv. Besides FinTLV, Guidewire Software, Inc. is also investing in this round, together with historical investor BlackFin Capital Partners.
The British Business Bank has appointed Karen Barnett as its new Chief People Officer, effective from October 2023.
Karen joins the British Business Bank from WH Ireland, a private wealth management, financial planning and capital markets services company where she was Human Resources Director and a member of its Executive Committee, and where she established a best practice HR team, responsible for collaborating with the Board and CEO to develop and implement people strategies and policies.
A recent Censuswide survey, commissioned by Wise, finds that barely half of bank employees believe the fees they charge to send money abroad are fair
62% favour a fintech’s services over their own bank’s when travelling abroad
The B2B world is abuzz with anticipation as the final countdown to the iFX EXPO International 2023 in Limassol Cyprus has officially begun. The landmark event will be held on September 19-21 at the brand-new City of Dreams Mediterranean Integrated Resort.
Banking Circle, the Payments Bank for the new economy, is strengthening its presence in Spain with membership of the Spanish Association of FinTech & InsurTech (AEFI).
