Sky News reports that the British AI-based personal finance chatbot Cleo has been valued at $500 million thanks to a $80 million fundraising round. 

Sofina, a tech investor, participated in the financing, which occurred around 18 months after a $44 million funding round, according to Sky. 

UK Digital Bank Kroo is delighted to announce they have been granted their full banking licence by the Bank of England. Kroo is only one of 2 banks to have been granted a Banking Licence with a personal current account since August 2016. Kroo launched its prepaid offering using state-of-the-art tech to ensure a fully mobile experience in February 2019 and has built a customer base of 23,000.

More than seven out of ten (71%) of executives working for buy-side financial services firms across the UK, US and Asia say their organisation uses more than five ESG data sources. The average number of sources used by these businesses is 9.3, with the US using the most (9.7) and Asia with the least at 8.9.

Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, today announced that Banque Populaire de Mauritanie (BPM), one of the largest financial institutions (FIs) in Mauritania, has gone live with the R14.5 version of iMAL, Azentio’s Core Banking Platform, to meet the multiple technology requirements imperative for its planned business gr

UK fintech company Paysend is using airfocus to create and share product roadmaps across the company, providing greater transparency around priorities and enabling it to deliver better products to its seven million customers.

CellPoint Digital, a global leader in payment orchestration, today announces it has received CarbonNeutral® company certifica

Award-winning accounting software developer iplicit has unveiled a new City-level board to target a multi-billion pound opportunity in the UK and international mid-market segments.

Singletrack, the capital markets client engagement and analytics expert, today announced a significant capital growth investment from Accel-KKR, a leading technology-focused private equity firm. The investment will enable Singletrack to accelerate expansion plans into global markets and execute on strategic M&A.

Mercurity Fintech Holding Inc., a digital fintech group powered by blockchain technology, today announced that it received written notice from the Listing Qualifications Department of the Nasdaq Stock Market ("Nasdaq") stating that the Company has regained compliance with the Nasdaq Listing rule 5250(c)(1) and the matter is now closed.

New research among UK small businesses from Mastercard reveals two years on from the pandemic, rising inflation and energy costs are now their top concerns, although many remain positive about their future prospects provided they have the support they need to succeed.