Mynt, a leading provider of corporate credit cards and spend management solutions, today announced a €22 million funding round at a significantly increased valuation of approximately €175 million, led by Vor Capital, with participation from existing investors CNI, Incore and others. The Series B round brings Mynt’s total funding to over €50 million.

Genesis Global introduced a new developer portal and new AI-driven tools to help financial sector developers deliver financial markets-grade applications ten times faster.

Ayan Capital, a London-based Islamic fintech, has secured £2.8 million ($3.6 million) in equity funding to expand halal car finance and other Islamic finance products in the UK. The round has been led by Cur8 Capital, a UK-based platform that offers ethical investment opportunities.

In early 2024, Ayan started providing Islamic car finance for private hire drivers (such as those on Uber, Bolt and Wheely) to purchase EVs and low-carbon-emission plug-in hybrid cars.

In a move that will help tackle the blight of late payments affecting the fitting and installer industries, Blink Payment, a UK paytech platform, today announces an integration with fitting industry enterprise resource planner (ERP), Business Pilot.

Crypto industry giants Circle Internet Group Inc.

Tuum, a leading next-generation core banking provider, and audax Financial Technology (“audax”), a comprehensive digital banking solutions provider backed by Standard Chartered, have announced a partnership to empower financial institutions. Initially focused on the Middle East, the partnership will deliver rapid digital banking capabilities, incremental core modernization, and scalable Banking-as-a-Service (BaaS) solutions, with plans to extend these benefits to other regions.

As digital banking becomes the norm, over a third (34%) of Brits are worried about the potential of IT failures at their banks, and 25% now keep cash on hand as a precaution against outages.

This trend reflects the growing uncertainty consumers feel about the reliability of digital financial services, as the availability of in-person banking continues to decline.

KAST, a financial-technology platform built on stablecoins to deliver a neobank-style experience, has raised US$10 million in seed funding. The round is led by HSG (HongShan Capital Group) and Peak XV Partners. A number of high-profile angels, partners of DST Global, and Goodwater Capital also joined the round.