SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, has announced a strategic investment in Algbra, an ethical finance-focused and sharia-compliant UK-based fintech. As part of the agreement, Shoal, SC Ventures’ sustainable finance platform, will partner with Algbra. The terms of the deal are undisclosed. 

Fils, a pioneering force in climate-positive transactions, empowering businesses of all sizes to embed climate-positivity into transactions using their APIs, is thrilled to announce a strategic partnership with Aion, a leader in digital banking solutions. This groundbreaking collaboration aims to set new standards in sustainable finance, leveraging cutting-edge technology to drive meaningful change in the financial industry across the MENA region.

Frollo, Australia's leading Open Banking provider, calls for a collaborative, use case based approach to enhancing data quality in the country's Consumer Data Right (CDR) ecosystem. With nearly four years of experience in the space, Frollo has a unique vantage point on data access and quality in the Consumer Data Right.

Tabs, an Accounts Receivable (AR) platform for B2B businesses, today announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs' mission to reimagine B2B AR processes at a critical time when most businesses struggle to collect cash and find profitability.

FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, today announced the successful closure of its Series E funding round, raising $100 million. The round was led by ICONIQ Growth, with Roy Luo, representing ICONIQ Growth, joining FloQast’s Board of Directors. BDT & MSD Partners and WiL (World Innovation Lab) also join as first-time investors, alongside the continued participation from board member Meritech Capital as well as Sapphire Ventures. 

EQT is pleased to announce that EQT Mid Market Europe ("EQT"), together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments (together "Five Arrows"). Five Arrows is the alternative assets arm of Rothschild & Co.

Mobile banking has transformed the delivery of financial services over the past 25 years. The routine of visiting a bank branch to manage your money is long gone; with 86% of UK adults using some form of online banking. There are many young people today who have never stepped foot in a physical bank branch.

Leading account-to-account (A2A) payment infrastructure provider Token.io has announced the appointment of three executives to its senior leadership team, positioning the company for further growth. The company is pleased to welcome Ronnie d'Arienzo as Chief Commercial Officer, Tatiana Okhotina as Chief Financial Officer, and Tim Corke's transition from Chief Customer & Strategy Officer to Chief Operations Officer.

Veridas is launching a Voice Shield solution to provide an efficient and ready-to-use service for this problem. With over 5 million processes worldwide with voice biometrics alone, Veridas brings “Voice Shield” to the market as the highest level of anti-fraud technology.

Verituity, a leading provider of intelligent, verified payout solutions, today announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.