Financing and data insights company re:cap today announced its Series A funding round of USD 14.6m and the release of its proprietary software as a service (SaaS) platform. The funding round was led by Entrée Capital and included participation from further existing shareholders Felix Capital and Project A, following 24 months of rapid growth for re:cap.

FIS®, a global leader in financial technology, today announced the launch of its Climate Risk Financial Modeler. The new SaaS risk offering aims to help businesses across all industries better assess, reduce and report their exposure to the physical risks of climate change.

The DDC Investor Summit Europe 2024, taking place at the five-star hotel NH Collection Prague Carlo IV on September 26, 2024, is set to become the premier gathering of key leaders and professionals in the forefront of alternative markets, LP allocation, distressed investing, co-lending, portfolio diversification, and specialty finance sectors of the market. This event promises to be a major convergence of industry executives, impactful discussions, and invaluable networking opportunities. 

Banknotes bearing King Charles III's portrait will debut on June 5, 2024. They'll retain the current designs of all denominations (£5, £10, £20, and £50), with no alterations except for the addition of the new portrait.

iPiD (International Payment Identity), a pioneer in global fintech, announced it has secured USD 5.3 million in a Pre Series A funding round today. This oversubscribed round was led by early stage tech-focused venture capital firm, Monk’s Hill Ventures. They are joined by global fintech venture funds QED Investors and Quona Capital, alongside existing partners Jungle Ventures, 1982 Ventures, Saison Capital and Resolution Ventures.

Rapid Finance, a leading small business banking platform specializing in providing customized financing solutions, announced today the availability of its cloud-based rules engine as part of its recently enhanced, award-winning AI fraud detection platform, Lynx.

Sumsub, a global full-cycle verification platform, has joined the Mastercard Engage Partner Program as a technological partner focused on Digital First solutions. Sumsub will provide its full suite of verification and anti-fraud solutions to secure customers’ onboarding and ongoing compliance journey.

Temenos today announced that Finance Incorporated Limited (FIL), the Maltese Electronic Money Institution (EMI) behind the popular Paymix Pro business account, iPaymix eWallet app, and Paymix SoftPOS, has selected Temenos to modernize its digital and core banking capabilities.