TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed a Series A extension for $17 million. Led by AlbionVC, all existing institutional shareholders took part in this investment round, which follows the original Series A for $7.8 million, announced in April 2020.

TransFICC’s investors are AlbionVC, Citi, HSBC, Illuminate Financial, ING Ventures, and Main Incubator (the Early Stage CVC unit of Commerzbank Group).

The new, free service is available to all Qred VISA holders and will allow businesses to swiftly pay any invoice directly from the Qred app and benefit from up to 45 days interest free liquidity.

 Qred is pleased to announce a brand new payments platform specifically designed to help small businesses free up short-term capital and save them time when paying bills.

Payment fraud is a nightmare scenario for any business. Irrespective of size, companies face substantial financial and reputational harm resulting from fraudulent activity. Depending on the severity of the crime and the losses incurred, the very survival of the business may be at stake.

Digital identity and possession factor APIs provide powerful new authentication tools to help companies fight the growing threat of cybercrime

• Acquisition built on a successful existing partnership
• Demonstrates SAP Fioneer’s commitment to innovation in financial services
• okadis brings expertise in financial accounting, regulatory reporting and analytical banking within the German financial services industry

SAP Fioneer, the leading global provider of financial services software solutions and platforms, has acquired a majority stake in okadis Consulting GmbH, the consulting company and SAP software house based near Frankfurt, Germany.

TrustQuay has today announced the launch of TrustQuay Online, the first complete end to end cloud-native SaaS platform for corporate services and trust administration providers. TrustQuay Online is a fully digital entity management, client accounting, general ledger and practice management SaaS platform, enabling providers to meet their corporate and private wealth clients’ regulatory requirements as well as manage their own business in a simple to use, highly automated way at a significantly reduced total cost of ownership.

This is the first time Zopa bank turns a profit, making it one of the fastest digital banks to achieve profitability ever.

We expect to remain profitable from this point onwards, continuing our accelerated growth.

The news will be announced later today from the Innovate Finance Global Summit by Zopa’s CEO Jaidev Janardana.

More context and some figures:

Consumers Credit Union (CCU; $3.0 billion) recently purchased a building in Lake Forest, IL to serve as the credit union’s new corporate headquarters. Located in the prestigious Conway Park office park, CCU’s new headquarters will provide the fast-growing organization with the space, infrastructure and a centralized location that will better enable its nearly 500 employees to continue to collaborate and innovate to meet the evolving financial needs of over 191,000 members.

• €15M seed funding co-led by Lakestar and Lightspeed, with participation from Creandum and System.one, as well as angel investors from companies including N26, Public.com, sennder, Taxfix, Finoa and Stripe
• lemon.markets to launch its industry-disrupting stock trading API in Germany, with further markets to follow
• The fresh capital will be used to continue driving product development and growing its team, particularly building its regulatory expertise