MFS Africa, Africa’s largest digital payments network, today announces that it has secured an additional US$100 million in equity and debt funding led by Admaius Capital Partners, taking the total amount raised in the series to US$200 million. New investors, Vitruvian Partners and AXA IM Alts joined the extension, alongside existing investors, AfricInvest FIVE and CommerzVentures, who re-invested in the extension.

Alternative data has been making waves in the financial sector at least since 2017. While the concept of alternative data has existed for nearly a decade prior, the value of investment strategies took some time before it was discovered.

In the first months of 2022 tourism in Italy is beginning to show some tangible signs of recovery, as evidenced by data from Federalberghi, Nexi and Zucchetti relating to the presence and spending by tourists in hotels, and the preferred Italian destinations this summer.

British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a new £30m Tier 2 capital facility for a challenger bank, Allica Bank. Allica Bank has been lending to smaller businesses since March 2020, committing over £560m in loan offers in 2021 and is set to offer £1 billion to smaller businesses in 2022.

Imperva, Inc., the comprehensive digital security leader on a mission to help organizations protect their data and all paths to it, warns that Account Takeover (ATO) attacks are surging in the wake of the growing popularity of ‘Buy Now, Pay Later’ (BNPL).

Clausematch, a global RegTech company automating policy management and compliance for regulated industries, today announced the close of a US$10.8M strategic funding round led by Lytical Ventures and joined by Flashpoint and Sony Innovation Fund. The new financing will be used to increase the company’s commercial activities in the US and invest in its product, technology and data science teams. The new funds bring the total investment to date to over US$20M.     

Pleo, the Danish $4.7B FinTech used by 20,000 companies across Europe, has selected Lucinity as its central hub for Financial Crime Prevention after a rigorous selection process.