In a significant development for its tourism and financial services, the Bank of St Helena announces the launch of the 'Tourist Card', a virtual banking solution designed to facilitate seamless transactions for visitors to St Helena and Ascension Island. This innovative step addresses the islands' traditionally cash-based economy and limited acceptance of international cards.

Menlo Ventures announced the close of $1.35 billion in new capital that will be invested by a flagship venture fund, Menlo XVI; Menlo Inflection III; and their affiliated funds—with a mandate to invest in promising technology companies leading the AI transformation.

Octopus Investments, part of Octopus Group and the UK’s largest Venture Capital Trust (VCT) fund manager, today announced the launch of a new £35 million fundraise for its Octopus Apollo VCT (Apollo VCT).

Mollie, one of the fastest-growing financial services providers in Europe, is expanding its range of payment methods to include the Swiss market leader TWINT. From now on, Mollie's customers can integrate TWINT into their online stores and thus significantly optimize their service offering and shopping experience for consumers from Switzerland. Mollie is one of the first PSPs to offer this option to German merchants.

Vesta, a leading transaction guarantee platform, today announced a partnership with 

Akurateco, a cutting-edge white-label payment software vendor operating worldwide, has recently announced a strategic partnership with HAYVN Pay, a globally regulated cryptocurrency payment solution serving business, corporate, and institutional clients.

Tech-focused investment bank ICON Corporate Finance has advised VaultSpeed, the automated data transformation company, on its $15.9 million (€ 15.1 million) in Series A funding. This funding round is led by Octopus Ventures, one of the largest and most active venture capital investors in the UK and Europe, with additional participation from the current lead investor Fortino Capital, PMV, and BNP Paribas Fortis Private Equity.

It’s hardly surprising given the increasing amounts of data flowing through IT systems that at some point organizations are going to get bogged down. How much is too much? What is relevant? Data can be both a blessing and a curse and it comes down to levels of effective management, as to which camp organizations find themselves in.

Fabrick, a European pioneer in Open Finance, and Banque Edel (E.Leclerc) are excited to announce a  collaboration aimed at modernizing the invoicing process of gift cards for its CSE customers.