Arcapita and DgPays Consortium Completes $385 Million Acquisition of Majority Stake in NEOPAY From Mashreq
- 3 months 3 weeks ago
- Investment
Mashreq, one of the MENA region’s leading financial institutions, is pleased to announce the successful completion of the sale of a majority stake in NEOPAY, the UAE’s fast-growing digital payments leader. As previously announced on 13 September 2024, DgPays, a leading financial infrastructure technology provider in the EMEA region and Arcapita Group Holdings Limited ("Arcapita"), a global alternative investment firm, had agreed to acquire the... more
Bluestone Federal Credit Union Selects InvestiFi to Provide New Investing Solutions to Its Membership
- 3 months 3 weeks ago
- Investment
Bluestone Federal Credit Union, a credit union with deep roots in Sioux Falls and across Eastern South Dakota, has tapped Investifi to enable expanded investing solutions for their members from within their ItsMe247 online banking experience from CU*Answers. InvestiFi is natively integrated with CU*Answers and will deliver these solutions with robust financial education and US-based customer support.
Leading Hotel Family Business, JMK Group, to Acquire City of London Site Following £16.6M Co-Loan from OakNorth and REL Finance
- 3 months 3 weeks ago
- Investment
OakNorth, the digital bank for entrepreneurs, by entrepreneurs and structured real estate lender, REL Finance, have completed a £16.6m co-loan to JMK Group, a leading family-run hospitality business.
Allvue Systems Acquires PFA Solutions To Expand Its Position As The Premier Solution Provider For Alternative Investors
- 4 months 2 weeks ago
- Investment
Allvue Systems, LLC, a leader in alternative investment solutions, has acquired PFA Solutions LLC, a provider of compensation and carried interest software solutions for firms across private equity, private debt and venture capital. PFA’s flagship product, FirmView®, combined with Allvue’s platform, will help CFOs and finance teams streamline fund operations and accounting workflows. The combined power of both platforms will further enable... more
N26 Adds Ready-Made Funds to Its Investment Offering
- 4 months 2 weeks ago
- Investment
N26 today announced the launch of Ready-Made Funds, a new offering added to its existing Stocks & ETFs trading product designed to make investing easier and more accessible than ever before.
Emirates NBD Powers Digital Asset Custody in the UAE Through Investment in Zodia Custody
- 4 months 3 weeks ago
- Investment
Emirates NBD, a leading banking group in the Middle East, North Africa, and Türkiye (MENAT) region has invested in Zodia Custody, a prominent institution-first digital asset custodian. The strategic equity investment was made by Emirates NBD’s Innovation Fund, the bank’s corporate venture fund. Created in 2023, the fund strengthens the bank’s digital ambitions and regional expertise in synergy with the agility and technological innovations of... more
Illimity Supports the Growth of De Angelis with Over €21 Million, Including €9.1 Million Subscribed by Illimity SGR
- 5 months 17 hours ago
- Investment
illimity Bank S.p.A. has supported the De Angelis Food S.p.A. Group (“De Angelis” or the “Group”) for a total of €21.1 million, one of the major international players in the production and marketing of fresh pasta and products for gastronomy.
KPMG Invests $100M In Google Cloud Alliance To Accelerate Enterprise Adoption Of AI
- 5 months 1 week ago
- Investment
KPMG LLP and Google Cloud today announced a major expansion of their U.S. alliance focused on advancing generative AI, data analytics, and cybersecurity among Fortune 500 companies and global enterprises. KPMG will make a landmark $100 million investment in its Google Cloud practice, which KPMG estimates will drive $1 billion in incremental growth for the firm.
British Business Bank’s Growth Guarantee Scheme Provides Over £250M Of Lending To UK Smaller Businesses
- 5 months 1 week ago
- Investment
The British Business Bank today announces that its Growth Guarantee Scheme has supported more than £250m of finance to smaller businesses, since its launch as a successor to the Recovery Loan Scheme in July 2024. The Growth Guarantee Scheme is designed to support access to finance for UK smaller businesses as they look to invest and grow. The scheme works with a wide range of financial products and lenders, including term loans, overdrafts,... more
Morgan Stanley Expansion Capital Makes $20 Million Investment in NovoPayment
- 5 months 2 weeks ago
- Fundraising News, Investment
Investment funds managed by Morgan Stanley Expansion Capital announced today an investment of $20 million in NovoPayment, a leading financial and payment infrastructure service provider specializing in delivering digital banking, payments and card solutions. The funding is expected to support NovoPayment’s continued scaling and expansion of commercial partnerships.
UniCredit and Alpha Services and Holdings Announce Completion of Acquisition of Majority Stake by UniCredit in Alpha Bank Romania
- 5 months 3 weeks ago
- Investment
UniCredit S.p.A. ("UniCredit") and Alpha Services and Holdings S.A. ("Alpha") announce that, having received approvals from all relevant authorities and following completion of the due diligence process, UniCredit has acquired from Alpha International Holdings S.M.S.A., 100% subsidiary of Alpha, a 90.1% stake in Alpha Bank Romania S.A. ("Alpha Bank Romania") in consideration of (i) 9.9% of the share capital of UniCredit Bank S.A. ("UniCredit... more
UK Financial Institutions Double Investment in AI Over the Past 12 Months
- 7 months 17 hours ago
- Investment
The number of UK financial institutions investing in artificial intelligence (AI) has doubled within a year, according to Lloyds Bank’s ninth annual Financial Institutions Sentiment Survey. Almost two-thirds (63%) of respondents are investing in the emerging technology, up from one third (32%) in 2023.
Moonfare Launches Direct Investment Programme
- 7 months 3 days ago
- Investment
In another milestone for the company, digital private investment manager Moonfare has launched its direct investments programme. Moonfare already offers individual investors a curated set of institutional-grade investment opportunities. Now, eligible investors will also be able to invest directly in select companies alongside leading GPs.
Citi and Apollo Announce $25 Billion Private Credit, Direct Lending Program
- 7 months 1 week ago
- Investment
Citigroup Inc. and Apollo today announced that they have entered into an exclusive agreement for a subsidiary of Citi and certain affiliates of Apollo to form a landmark $25 billion private credit, direct lending program initially in North America, with the potential to expand to additional geographies. The program will include participation from Mubadala Investment Company as Apollo’s strategic partner as well as Apollo’s subsidiary, Athene,... more
Revolut Founder Storonsky Sells £200m Stake in Fintech Giant
- 7 months 2 weeks ago
- Investment
Revolut’s founder, Nikolay Storonsky, has reportedly sold a stake worth £200 million in the fintech giant, according to sources familiar with the matter. The sale, led by D1 Capital Partners, Tiger Global, and Coatue, involved the secondary sale of employee shares, aimed at providing liquidity for the company’s staff. This transaction brought Revolut’s overall valuation to $45 billion.
