TP24, a fintech provider of flexible revolving business credit, has raised  £345m in debt funding from UK parties Barclays Bank Plc (“Barclays”) and M&G Investments. The amount of £240m will be used for lending to SMEs in the UK and the Netherlands. Barclays is providing up to £200m in warehouse financing, while M&G is providing up to £40m in mezzanine funding.

Nexpay, a leading Lithuanian Electronic Money Institution (EMI) providing business banking solutions for digital companies, has announced its enhanced service offering by adding SWIFT payments in 23 currencies.

Encompass Corporation, the provider of the leading dynamic Know Your Customer (KYC) process automation platform, has unveiled a new 

Signalling that it has entered the next phase in its rapid growth, Brite Payments today announced the appointment of Alexander Kassai as Chief Operating Officer and Fredrik Strömqvist as Chief Financial Officer. The appointment of two new senior leaders follows a period of strong growth for the Stockholm-based fintech, which leverages the capabilities of open banking to give merchants and businesses a complete, out-of-the-box instant payments and payouts solution.

Temenos today announced that it has successfully completed certification for the FedNow^SM Service, the Federal Reserve’s new instant payment offering launching in July 2023. Through Temenos’ flexible, cloud-native Payments Hub, banks can support the FedNow service and offer faster payments services to their customers.

Mark brings his 20+ years of industry experience to accelerate Weavr’s growth from a product perspective, while expanding into international markets and building upon strategic partnerships, such as the recently announced Visa collaboration.  

B2BinPay is thrilled to announce the newest partnership with Ledger, The global platform for digital assets. This groundbreaking collaboration offers customers an exclusive branded Ledger Nano X bearing the B2BinPay logo.

Today, some of London’s biggest fintech companies and interest groups have come together to demand an urgent review of legislation regarding hidden fees for international payments. Thirteen companies including Wise, Revolut and Monzo have joined forces to urge The Chancellor to eradicate this problem. [Letter in full here] 

CoinFund, a leading cryptonative investment firm and registered investment adviser, today announces the close of $158 million (M) CoinFund Seed IV Fund LP (“Seed IV” or “The Fund”), backed by a combination of sophisticated institutional investors, family offices, and high net worth individuals. CoinFund Seed IV LP exceeded its initial target fundraising goal of $125M.