Allica Bank, the leading fintech SME challenger bank, has announced a £100 million Series C funding round led by global growth technology investor, TCV, with participation from existing investors Warwick Capital Partners and Atalaya Capital Management.

AREX Markets, the data-driven FinTech company that drives financing costs down for SMEs and enables them to get paid quicker, has announced the sale of its Finland operations to Swedish payment and financing institution Svea Bank.

‘Decade-long adoption of cryptocurrency has propelled the growth of crypto ATM installation across various developing as well as developed nations. How these economies are reacting to the growing cryptocurrency adoption is something to look out for.’

• Nearly 1 billion people are expected to use cryptocurrencies worldwide by 2022 end- Crypto.com

Vested Finance, a US investment platform and a FINRA-registered US broker-dealer (via its affiliate VF Securities), today launched two additional pre-built Vests to enable retail investors to invest in globally diversified ETFs and futuristic technology stocks in partnership with Xumit Capital and Ethical Advisors. With this announcement, Vested Finance has partnerships with five industry experts to offer third-party portfolios.

Finaro, a global cross-border payment provider and fully-licensed bank, has today announced its partnership with Ginger Payments, under which Finaro will empower the Ginger Payments platform with its pioneering suite of acquiring and transaction routing capabilities.

Zimpler, a leading fintech company born in Sweden, announced today the launch of its Paylink solution. Brommapojkarna, the largest football club in Europe*, were the first to try it out.

On the occasion of International Day of Banks, celebrated globally by the banking fraternity on December 4, B2B lending and compliance fintech Jocata announced pan-India rollout of SME DNA score, a proprietary AI/ML based risk and business intelligence score – after having successfully beta tested the model on the GSTN filings of over 20,000 MSMEs with two of the top Indian private lenders and one of the largest development banks in the country.

Teampay Raises USD47M in Series B Funding

Partnerships 

Paymentology Customer, Tweeq, Among First Fintechs in Saudi Arabia to Receive License from Saudi Central Bank

The financial industry is rightfully alarmed by the increase in both the amount and sophistication of data-centered attacks – primarily ransomware. 

We’ve all read the news. This is no longer a question of if, but how.