ComplyAdvantage, a global data technology company transforming financial crime detection, today announced financial crime risk management veteran Andrew Davies as the company's first Head of Regulatory Affairs. 

Ranqx, the world’s leading fully digital small-to-medium sized business (SMB) loan origination, decisioning and monitoring platform has officially launched operations in North America. The company now aims to tackle the region’s broken SMB lending system, which is estimated to cost the economy nearly $1 trillion each year.

• Simplify expense admin and reporting
• Create a better employee spending policy
• Choose the best spend management tools

Brazil-based Fuse Capital has started raising Fuse Capital Fund II, whose central thesis will be investing in the next generation of Web 3 startups in Latin America.

The initiative comes after successfully investing in blockchain and crypto startups in their first fund, whose thesis had an agnostic approach. The goal is to raise US$ 50 million.

Remitly Global, Inc., a leading global digital financial services provider for immigrants and their families, today announced that it has signed a definitive agreement to acquire Rewire, an Israeli-based financial services platform for migrant workers. Under the terms of the agreement, Remitly will acquire Rewire for approximately $80 million consisting of a mix of cash and stock.

Arc, the future of startup finance, today announced that it has closed a $20 million Series A financing round led by Left Lane Capital.

Having secured $20 million in seed funding, Pomelo has launched its credit card that enables families in the US to extend their credit abroad while avoiding remittance fees.

Keith Rabois at Founders Fund as well as Kevin Hartz, co-founder of Xoom and general partner at A* Capital, led the round for Pomelo, which has also secured $50 million in a warehouse facility.

Azerbaijan-based SmilePay has struck deals with two major food retailers in the country to let shoppers buy their groceries using their faces.

SmilePay has secured an investment from the biggest acquirer bank in Azerbaijan, Pasha, and formed deals with the Bravo and Araz supermarket chains.

Already installed at Bravo, in its first month the technology has been used for 3000 transactions from 418 users.

The discipline of fraud prevention has changed dramatically over the past five years and continues to evolve rapidly. Consequently, former truths about fraud prevention are increasingly becoming outdated myths. Legacy vendors propagate these myths to maintain relevance, but industry leaders understand the distinction and are moving forward. 

Royal Park Partners, the specialist financial advisor to the fintech industry, has announced that it is expanding its leadership team with the hire of ex-Barclays dealmaker Niccolò Gamaleri as senior director.