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Chip closes the biggest equity crowdfund of the year; raises £11.5m from 12K investors

Chip, the digital savings account, has raised a total of £11.5 million from 12,954 investors, making it the biggest equity crowdfund of the year as well as the biggest equity crowdfund held on Crowdcube of all time.

As part of the record-breaking round, Chip raised £1 million in under 10 minutes and hit £8.6+ million in under 48 hours. Off the back of the crowdfund, the company added 6,500 new investors, growing its shareholder community to over 23,000 and making it the second biggest investor community in the UK’s fintech and as well as one of Europe’s largest.

Monday, October 18, 2021 - 18:55
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Financial IT
FourQ Launches New Paymaster Capabilities to Help Multinationals Simplify Process for Paying Complex Invoices

Industry’s first solution to marry intercompany with global vendor invoice management to centralize and automate invoice receipt, validation, audit, approval, payment, and disputes

Monday, October 18, 2021 - 18:32
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Financial IT
Deel Raises $425M in Series D funding to continue transforming the future of work

With a $5.5B valuation, Deel cements its position as the highest valued company in the global hiring, payments, and compliance space

Deel, the remote hiring company shattering job barriers worldwide, announced today that it has raised $425 million in Series D funding, taking the total amount raised by the company to over $630 million. The latest funding round values the company at $5.5 billion. Deel has become the highest valued company in the global hiring, payments, and compliance space with this investment.

Monday, October 18, 2021 - 18:01
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/news/investment/deel-raises-425m-series-d-funding-continue-transforming-future-work
Financial IT
Legion Capital Announces Stock Repurchase Program

FinTech driven specialized lender to repurchase up to 2 million outstanding common shares

Monday, October 18, 2021 - 17:56
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Financial IT
PKF to Create 50 Jobs in Leeds with New Financial Services Team

New Partner hire signals major investment in region’s booming finance sector.

PKF, one of the UK’s largest and most successful accountancy brands, has today announced ambitious plans to grow its Northern office with the creation of a new Financial Services team. Spearheaded by new Financial Services Partner, Martin Watson, PKF’s expansion will create up to 50 new jobs in Leeds over the next three years.

Financial services hub

Monday, October 18, 2021 - 17:36
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Financial IT
Petroleum Service Corporation Selects OneStream Software to Unify Complex Financial Operations in the Cloud

Petroleum Service Corporation (PSC), the North American leader in product handling, site logistics and sustainability services for the petrochemical and refining industries, has selected corporate performance management (CPM) vendor OneStream Software to streamline and unify the company’s fi

Monday, October 18, 2021 - 16:57
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Financial IT
Rosbank, Part of the Societe General Group, and Diasoft Named Finalists of the Global Banking Tech Awards 2021

The joint project of Rosbank, part of the Societe General Group, and Diasoft has been named finalist of the global Banking Tech Awards 2021 in the category “Best Use of IT for Lending”. The large-scale IT transformation project “Core Engine for Loans and Deposits” (CELD) based on Diasoft’s digital solutions allowed the bank to fully move its corporate lending business processes into the digital environment.

Monday, October 18, 2021 - 16:10
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Financial IT
Cyber Protection Leader, Acronis, appoints Technology Veteran, Paul Maritz, as Chairman of the Board

Former Microsoft, VMware executive, and pioneer of cloud computing, will focus on strengthening Acronis’ position as a leading vendor of cyber protection products and services to service providers.

Monday, October 18, 2021 - 16:00
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/news/cloud/cyber-protection-leader-acronis-appoints-technology-veteran-paul-maritz-chairman-board
Financial IT
Lightspin Cloud Cybersecurity Wins the Intellyx 2021 Digital Innovator Award

Lightspin, the provider of the next-generation cloud security platform, announced today that it won the 2021 Digital Innovator Award from Intellyx, the first and only analyst firm dedicated to digital transformation. 

Monday, October 18, 2021 - 15:35
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Financial IT
Bolero Supports Growth Across Asia-Pacific (APAC) with the Relocation of Bolero Co-founder Paul Mallon

Bolero International, the leading provider of cloud-based trade finance digitisation solutions, announce the relocation of company co-founder Paul Mallon to Singapore in a strategic move.

Paul Mallon will take up the role of COO Asia-Pacific and will be leading Bolero’s ambitious global growth strategy as trade finance digitisation thrives in the region. This move will provide increased engagement with Bolero’s clients, partners and other stakeholders in the region.

Monday, October 18, 2021 - 15:04
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Financial IT

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