WeGift, the industry leader in digital payouts, today announced the closing of a £26 million Series B, furthering its mission to allow anyone to transfer any digital currency more freely across the globe. 

New investors included Element Ventures, which led the round, along with Clocktower Ventures and Volution Capital. Existing investors including CommerzVentures, AlbionVC and SAP increased their investments.

Spare, an open banking platform licensed by the Central Bank of Bahrain, has announced its partnership with Eazy Financial Services “EazyPay”, a leading Bahraini Payment Services Provider specializing in POS and online payment gateway acquiring solutions to embrace opportunities in Open Banking.

CellPoint Digital, the global leader in Payment Orchestration, today announces the appointment of a top-tier tech and market

Paul Burleton has joined fintech Delio as its Chief Operating Officer, making him the latest senior appointment at the company.

1.7 million people across the UK are borrowing from high-cost lenders in order to pay off existing debts*, according to research from a responsible lender, Creditspring.

A quarter of people (24%) who borrowed from high-cost lenders sought credit so they could repay other debts – prompting fears that millions of people in the UK are at high risk of falling into a debt spiral as interest and debt repayments pile up.

Earlier this year, the FCA began enforcing new rules and guidance relating to operational resilience for firms, financial market infrastructures and the overall financial sector. The FCA defines operational resilience as the ability to respond to, recover and learn from operational disruption and it’s easy to understand why this is a priority. In today’s hyper-dynamic and ultra-connected environment, operational disruption in one organisation can have wide-ranging implications for the wider economy.

Centroid technology has been added to the turnkey broker packages of B2Broker, a leading provider of liquidity and technology. The company continues to strive to provide its clients with the most cutting-edge management tools and to structure its liquidity offering utilizing the best technology available.

Finastra today announced the availability of VeriPark’s VeriLoan cloud-based solution on its FusionFabric.cloud open development platform. Pre-integration with Finastra’s Fusion Loan IQ lending software provides out‑of‑the-box integration between loan origination and servicing functions – joining up the corporate lending process for customers, from the moment they apply for funding, right through to servicing the loan.

Zimpler, a leading fintech company born in Sweden, announced today that it will expand its operations to Latin America. The company has established its LatAm headquarters in São Paulo, catering to the growing local and regional markets. Zimpler plans to introduce its instant payments solution in the country later this year and is already planning its next market expansion.