Embedded Finance (trading as Railsr) is pleased to announce that it has secured funding of $24M from existing investors including D Squared Capital and Moneta Venture Capital, reflecting their continuing confidence in the company’s growth potential and strategic vision.

Dan Adler, Managing Director of D Squared Capital, said:

Gatehouse Bank, the Shariah-compliant challenger bank, has published research indicating that over a third (35%) of UK adults – equating to over 14 million people – consider their monthly savings to be an essential outgoing. 

TransUnion, a global information and insights provider and one of the UK’s leading credit reference agencies, has been named Credit Information Provider of the Year at the National Credit Awards 2023.

The National Credit Awards recognise remarkable achievements in the UK credit space, honouring outstanding professionals and firms which contribute towards raising the standards within the credit arena.

FinTech Wales, the not for profit independent membership organisation for the FinTech and Financial Services industries in Wales, has elected Rhys Thomas, Chief Operating Officer at Cardiff Capital Region, Rachel Hillier, Partner at Capital Law, and Lucy Cohen, Co-Founder of Mazuma, as its new Board members.

Leading payment orchestration provider BR-DGE has today announced its latest partnership with Sift, the leader in Digital Trust & Safety, to support merchants in the fight against payment fraud.

This new partnership will give BR-DGE merchants access to Sift’s machine learning platform for fraud and risk decisioning via BR-DGE Connect, its payments ecosystem connectivity tool.

finova Payment and Mortgage Services today announces its partnership with digital mortgage lender Molo, further expanding the portfolio of lending products available to finova’s directly authorised (DA) broker club.

MHR, the HR, payroll, and finance software provider, has partnered with Wagestream to launch Financial Wellbeing into its integrated HR, payroll and finance platforms.

Four in ten (40%) UK small and medium-sized businesses (SMEs) claim it is easier for them to access finance from fintech lenders rather than mainstream banks, according to new research from Sonovate, an alternative finance and payment solutions provider.

Alternative finance options increasingly offer a lifeline for UK SMEs, with seven in ten (70%) admitting they wouldn’t have survived the current cost of living crisis if it wasn’t for these types of lenders.