PayNearby, India’s leading branchless banking and digital payments network today announced that it has recorded Gross Transaction Value (GTV) worth Rs. 54,000 Crores in FY 20-21, with an exit month GTV 32% higher than the average monthly GTV booked in FY 19-20. The company generated ~Rs. 290 Crores of revenue for its retail partners and about ~Rs. 40 Crores of fee for its banking partners in the same financial year.

Tonik, the first neobank in the Philippines, announced today that it raised US$17M in Pre-Series B funding.  The round comes on the heels of Tonik’s highly successful public launch in March 2021, which saw it secure over 1 billion pesos (US$20M) in retail deposits in under 1 month - a historical record for any new bank launching in the Philippines.

Economists at Commerzbank have raised their 2021 growth forecast for Germany from 3.5% to 4.0%. They expect a strong economic recovery more than ever. “The peak of the pandemic seems to be behind us. More and more counties are loosening restrictions. The rapid pace of vaccinations indicates this as well”, said Chief Economist Dr Jörg Krämer. That means public life in Germany will gradually return to normal.

Leading mortgage technology provider Twenty7Tec today announces that it has completed an APPLY integration with Accord, enabling users of CloudTwenty7 to seamlessly submit applications to Accord without the need for re-keying.

IDnow, the Munich-based ID verification platform, will provide Greentube-owned StarGames.de with customer identification and verification solutions for the brand’s entry into the German market. The integration also ensures Stargames.de is compliant with the Interstate Treaty on Gambling 2021 and Anti-Money Laundering laws and regulations. 

Scottish Equity Partners (SEP) has completed a significant growth equity investment in FundApps, one of the world's most successful Regulatory Technology (RegTech) companies.

Alternative Investment Exchange (AIX), the platform making it easy to buy, own, and sell alternative investments, announced that Inland Real Estate Investment Corporation (“Inland Investments”) has selected the AIX platform as one of its electronic platform providers to onb

The UK is widely regarded as one of the greatest places to start an innovative tech company. This shouldn’t come as any surprise given the world-class academia we have to offer, the legacy of innovation and, importantly, the funding opportunities available to entrepreneurs. 

At Deepbridge Capital, we are fortunate to work internationally with growth-focused tech companies wanting to be involved in the UK, and believe that the funding ecosystem in the UK is a big reason for the success of tech companies here. 

Jenson Funding Partners are delighted to advise they have completed an investment in Axioma Europe Ltd who provide a marketplace for mobile vehicle repairs.

Forensic Risk Alliance (FRA), a forensic accounting and data governance consultancy specialising in international and complex investigations, compliance and disputes, is pleased to announce that Stuart Ells has been appointed as the firm’s first ever Chief Executive Officer.