European neobanks have long been drawn to the US market, seeing it as a lucrative expansion opportunity, and the inverse is also true. Yet few have made the leap to become fully established overseas.
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Finout, the leading FinOps-for-enterprise platform, today announced a $40 million Series C funding round led by global software investor Insight Partners, with participation from Pitango, Team8, Red Dot Capital, and Maor Investments. This investment brings Finout's total funding to $85 million. The company's platform, which powers cloud-agnostic cost allocation and governance for industry leaders, including SiriusXM, Lyft, The New York Times, Choice Hotels, Wiz, Tenable, and Alchemy, reflects the rapid mainstreaming of FinOps.
Texture Capital Holdings and its subsidiaries, a prominent player in the tokenization and trading of real-world assets, announces that it has integrated with the Canton Network, a privacy-enabled, public blockchain network designed specifically for institutional assets.
Surging consumer demand for real-time, seamless, and cost-effective transactions has catapulted Pix, other account-based transfers, and debit cards to record adoption rates, establishing them as the fastest-growing payment methods for online purchases in emerging markets. Pix, Brazil's instant payment system, leads with projected growth of 35% per year by 2027, followed by other account-to-account transactions, expected to accelerate by 28% annually.
Today, Sumsub announces its membership into the Payments Association EU, an industry group of stakeholders in the payments sector that fosters commercial connection
WiseLayer, the AI fintech company that makes AI-powered digital workers for finance and accounting teams, today announced $7.2 million in funding. The round was led by Canaan Partners, with participation from K5 Global, The Fintech Fund, Unpopular Ventures, and industry angels.
Eastnets, a global leader in compliance and payments solutions, has launched its Managed SWIFT Service on AWS Cloud. The service address critical challenges such as regulatory compliance, operational complexity, and cybersecurity risks, the service offers institutions a secure, scalable, and cost-effective alternative to in-house SWIFT management.
NayaOne is proud to power the World Economic Forum's TradeTech Regulatory Sandbox, delivered in collaboration with the UAE Ministry of Economy (MoE) and the Abu Dhabi Department of Economic Development (ADDED).
This groundbreaking initiative is set to revolutionise global trade by leveraging cutting-edge technologies, streamlining trade processes, and fostering a more efficient, inclusive, and equitable trading ecosystem.
Yavrio, a London-based Open Banking fintech, has raised $2.4 million in seed funding to accelerate the fast-growing firm’s mission to transform the enterprise resource planning (ERP) space by eradicating error- and fraud-prone CSV file imports. Fuel Ventures led the round with a $1.9m investment and joins an illustrious group of Yavrio investors which includes Sir Sajid Javid, former Chancellor of the Exchequer, and Garth Ritchie, former President of Deutsche Bank, alongside Dan Cobley, co-founder of ClearScore and Salary Finance.
GCEX (GCEX Group), a leading provider of digital assets and foreign exchange solutions, has integrated with Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain. This will enabling its institutional clients to access Fireblocks’ digital asset platform and custody solutions.