Emirates NBD Powers Digital Asset Custody in the UAE Through Investment in Zodia Custody
- 1 year 2 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
- 1 year 3 weeks 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 1 month 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
- 1 year 2 months 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
- 1 year 2 months 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
- 1 year 3 months 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
- 1 year 3 months 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.
SAVR Expands Platform with InCore Investment
- 1 year 3 months ago
- Investment
Savr, a leading fintech company based in Sweden has secured additional financial investment from Incore Invest, a European investment firm focusing on growth stage investments, further deepening their ongoing partnership.
BNY to Launch Alts Bridge Platform Broadening Investor Access to Alternative Products
- 1 year 3 months ago
- Investment
The Bank of New York Mellon Corporation, a global financial services company, has today announced Alts BridgeSM ("Alts Bridge"), a comprehensive data, software, and services solution built to meet the growing demand from wealth intermediaries looking to access alternative and private market investment products, through a simplified end-to-end investment experience.
Mastercard Invests in Defense of Global Digital Economy with Acquisition of Recorded Future
- 1 year 3 months ago
- Investment
Recorded Future is excited to announce its acquisition by Mastercard, one of the world’s most trusted and recognized companies, in a transaction valued at $2.65 billion. This acquisition represents a significant milestone in Recorded Future's journey, which began in 2007 with the development of the original patent for the Recorded Future Intelligence Platform.
Tabby to Acquire Saudi Fintech Tweeq
- 1 year 3 months ago
- Investment
Tabby, the MENA’s leading shopping and financial services app, has announced it has entered into a definitive agreement to acquire Tweeq, a Saudi-based digital wallet licensed by the Saudi Central Bank (SAMA), during 24 Fintech, Saudi’s flagship fintech event. Tweeq will continue to operate independently, and through future opportunities, Tabby could explore expanding its financial products suite to include digital spending accounts, cards, and... more
FNZ Announces Executive Leadership Transition and $1B of Investment from Existing Institutional Shareholders
- 1 year 3 months ago
- Investment
FNZ, the leading end-to-end global wealth management platform, today announces that Adrian Durham, its founder, has decided to transition from his role as Group CEO to a non-executive role as Founding Director and Senior Advisor. Adrian will continue to sit on the Group Board and will remain a significant shareholder in the company.
