More than two thirds (67%) of young people in the UK are not feeling motivated to save, according to new research from smart money app Plum. 

Indian-owned Hexaware Technologies, a global provider of IT and digital solutions, has marked the next phase of its UK expansion by opening a new Birmingham-based facility, with plans to create 250 jobs. The facility at 3, Brindleyplace was officially opened by West Midlands Mayor, Andy Street, who took part in a ribbon cutting and traditional Indian lamp lighting ceremony.

Today, Cashflows, the platform that makes it easy for businesses to accept payments, launches Cashflows Advance – a new service that enables eligible merchants to access frictionless funding without the fixed monthly repayments of traditional funding. 

Companjon, a leading B2B2C insurtech start-up specializing in fully digital, AI-driven embedded insurance, has entered an agreement to provide its innovative lifestyle solutions to Erste Bank Hungary customers from early 2024.

Payments solutions provider Monavate expands its Supply Chain Payments division with three key new hires, with the goal to bring simplicity and clarity to B2B payments in verticals such as travel, marketplaces, and logistics and haulage, where global businesses are slowed down and burdened by unnecessary complexity and friction in payments practices.

Indy, a French fintech start-up helping to automate accounting for sole traders and freelancers, has raised €40 million ($44 million) in a Series C funding round led by European private equity firm BlackFin Capital Partners.

Other participants in the round include Paris-based investment company La Maison and Toulouse-based private equity firm iXO.

Accra, Ghana Get ready to mark your calendars as the 9th Edition of the Connected Banking Summit- West Africa is set to take Accra, Ghana on February 21st, 2024. This highly anticipated summit promises two days of unprecedented insights, discussions, and networking opportunities, bringing together global executives, industry experts, and visionary leaders from the BFSI sector.

Global expansion is the way forward for businesses looking to upscale in 2023 and beyond. The past few years have laid the foundation for international expansion, and now more and more merchants are embracing the opportunities.

Customers expect their entire purchase journey to be seamless, smooth and feel part of a coherent, cohesive whole. Payments professionals are increasingly stepping up to the broader challenge, expanding their vision beyond a narrow focus on payment to include aspects of the customer journey that might otherwise fall through the cracks.

Fils, a groundbreaking fintech platform, has launched today to help global businesses turn intent into action when integrating sustainable values into the core of digital payments. The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet.