Investor voting fintech Tumelo is calling on investment funds to disclose to investors whether they permit them to vote the shares in their portfolios.

Integral, a leading currency technology provider to the financial markets, announced today that brokerage firm Swiss Finance Corporation (“SFC”) has selected its cloud-based SaaS technology to modernize their offering and bring eFX trading to their customers.

Block Scholes has got off to a fantastic start in 2023, securing regulatory approval from the Financial Conduct Authority in the UK for specific regulated activity – which means we are likely the only regulated digital assets trade recommendation provider at this time.

Recognise Bank, the digital SME lender and savings provider, today announces that its parent company, the City of London Group plc, has delisted its shares after yesterday’s successful AGM vote backing the plan.

The delisting simplifies Recognise Bank’s corporate structure and follows the bank conditionally raising £25 million to support lending and to fund the continued development of new products and technology for SMEs.

Starling Bank is starting the new year with a trio of significant achievements. The digital bank tops the Current Account Switch Service (CASS) leaderboard, is named Britain’s best current account by Finder.com, and makes the top ten in its debut entry to the UK Customer Service Index.

ECOMMPAY, a leading international payment service provider and direct bank card acquirer with its own fintech system, has hired Moshe Winegarten as its Chief Revenue Officer. The appointment comes as the fintech leader prepares to tackle the main challenges for merchants this year through continued innovation in payment technologies and solutions and integration with strategic, third-party vendors. 

DailyPay, a leading financial technology company, today announced it has secured $260 million of capital to fuel growth domestically, expand internationally and further invest in product innovation. The funding is divided between revolving credit facility capacity provided by Barclays and Angelo Gordon, and new term loan funding from SVB Capital and a fund managed by Neuberger Berman.

In 2016, the Gulf Cooperation Council (GCC) member states signed the Value Added Tax (VAT) agreement paving way for the introduction of the general levy on consumption across the region. The United Arabs Emirates (UAE) and Saudi Arabia became the first member states to adopt the treaty in 2018, and its implementation meant that for the first time businesses in these territories were required to file VAT returns periodically.

PayEm, which offers spend and procurement management services, has raised $220m in a mix of equity and credit financing.

The funds were supplied by Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others.

With this fresh equity, PayEm plans to scale its credit cards operation and support larger customers with its payments platform. Funds will also support the continued development of the platform.

Revolut is to roll out a new super-premium membership plan targeting ambitious, affluent individuals interested in a luxury lifestyle.

The new top-tier plan, Ultra, offers users free lounge access at 1200 airports, cashback, and low fees on Revolut investment products. Coming in the Spring, Revolut is inviting new and existing customers to join a waitlist to unlock 5% cashback on purchases made in their first month with Ultra.