In October 2024, Hurricane Milton devastated Florida’s Gulf Coast, leaving a trail of destruction that significantly disrupted the U.S. food supply chain. Among the most affected was the citrus industry, with Florida's orange crops suffering from extensive damage. This event, combined with pre-existing challenges such as disease and climate variability, led to a 42% increase in retail prices for orange juice concentrate in the U.S. and a 25% rise in fresh orange juice prices in the U.K.

Oxbury, the UK’s only bank dedicated to agriculture, food, and farming, will today (Thursday 6 February) launch a new globally unique facility for farmers to support them in making sustainable changes to their farming practices.

Travel debit card Currensea launches its new Pro membership offering cardholders access to the best foreign exchange (FX) rates on the market - typically over 0.5% cheaper than “fee free” cards from challenger banks and over 3% cheaper than high street banks.

Raenest, the global multi-currency accounts platform for individuals and businesses across Africa, today announced the completion of its $11M Series A funding. The round was led by QED Investors, with participation from Norrsken22, alongside follow-on investment from Ventures Platform, P1 Ventures, and Seedstars. This equity-based capital injection brings Raenest’s total venture funding to $14.3M.

Today, Mambu announces the success of its partnership with Money DD, a subsidiary of the Government Savings Bank (GSB) of Thailand. The partnership has supported the launch of the “Good Money” application, offering new opportunities for underserved Thai citizens.

Award-winning SME lender 365 Finance has expanded into the Republic of Ireland, supporting the growth of Irish businesses and entering the EU marketplace.

The funder’s international growth strategy is to leverage the company’s highly automated AI-powered lending platform in other markets.

PXP, a leading omnichannel global payment platform and innovative industry disruptor, today announces the findings of an exclusive survey of UK and US merchants’ appetite for digital payments transformation. The research reveals that 64% of merchants now view payment technology as a strategic growth driver rather than just an operational necessity.

Worldline , a global leader in payment services, partners with DNB Bank ASA, the largest financial services group in Norway. DNB will leverage Worldline's Swift Instant Connectivity to TIPS (TARGET Instant Payment Settlement) to enhance its payment infrastructure and provide seamless, reliable and real-time payment services to its clients.

Froda, a leading Nordic fintech, and Lunar, the digital challenger bank, are thrilled to announce the expansion of their partnership into Sweden. This builds upon their successful launch in Denmark in 2023, where Froda’s embedded SME lending solution was introduced to Lunar’s customers. Now, Swedish customers will gain access and benefit from the same innovative lending solution.

The cleversoft group has completed its acquisition of Fineksus, the leading provider of financial messaging and anti-money laundering (AML) solutions in Türkiye and the Middle East, after receiving all necessary regulatory approvals. The combination of both companies brings together cleversoft’s regulatory technology portfolio with Fineksus’ expertise in real-time transaction monitoring and fraud prevention.