Tabby to Acquire Saudi Fintech Tweeq
- 4 months 4 days 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
- 4 months 1 week 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.
Revolut Announces Secondary Share Sale to Provide Employee Liquidity
- 4 months 3 weeks ago
- Investment
Revolut, the global financial technology company with over 45 million customers worldwide, has signed agreements with a group of leading technology investors to provide liquidity to employees through a secondary share sale at a $45 billion valuation.
iBanFirst and SeedBlink Join Forces for Faster, Cost-Effective European Investments
- 4 months 3 weeks ago
- Investment
iBanFirst, a leading global provider of foreign exchange and international payments for businesses, announces an innovative partnership with SeedBlink, , Europe's all-in-one equity and investment platform. The collaboration between the two European Fintechs introduces a bespoke solution for fundraising startups and their private investors, ensuring faster onboarding and access to preferential FX rates.
Standard Chartered Invests In United Fintech To Bolster Its Digital Transformation Agenda
- 5 months 6 hours ago
- Investment
Standard Chartered has confirmed its investment in United Fintech Group Limited (United Fintech), a London headquartered neutral Digital Transformation platform which acquires and forms partnerships with fintech companies in the capital markets space, creating a fintech one-stop-shop to innovate with businesses through collaboration with other cutting edge technology providers for the benefit of banks, hedge funds and asset managers.
91% Of FinTech Leaders Believe Industry Investment Will Return In The Next 12 Months, Reports Silverflow
- 5 months 8 hours ago
- Investment
Silverflow, a leading cloud platform for global card processing, has today released findings from a survey of fintech leaders that reports 91% of them believe that fintech investment will grow again next year.
Global Fintech Investment Falls to $51.9 Billion, but Deal Volume Offers Optimism, Says KPMG’s Pulse of Fintech
- 5 months 1 day ago
- Investment
The first six months of 2024 were challenging for the fintech market globally amid the high interest rate environment and the significant amount of global geopolitical uncertainty. Total global fintech investment—including VC, PE, and M&A deal value—fell from $62.3 billion across 2,287 deals in H2’23 to $51.9 billion across 2,255 deals in H1’24.
NatWest Acquires Metro Bank Mortgage Portfolio
- 5 months 1 week ago
- Investment
NatWest Group plc today announces that it has entered into an agreement with Metro Bank plc to acquire a £2.5 billion portfolio of prime UK residential mortgages, with a weighted average current loan to value of c.62%. On completion of the transaction NatWest Group expects to welcome around 10,000 customer accounts which will continue to be serviced by Metro Bank, in accordance with current arrangements, following the transfer to NatWest Group.
Curql Leads Funding Round in ModernFi to Bring the First Deposit Network to Credit Unions
- 5 months 2 weeks ago
- Investment
Curql, a collective of credit unions jointly investing in fintech, has added ModernFi to its investment portfolio. This investment marks a significant milestone in establishing the first deposit network for credit unions and as the first investment for Curql Fund II, further solidifying Curql's mission to bring relevant and competitive solutions to the credit union industry.
UniCredit Announces Investment in Vodeno and Aion Bank Acquiring
- 5 months 2 weeks ago
- Investment
UniCredit S.p.A. has today announced that it has entered into a binding agreement for the acquisition of the entire share capital of Vodeno Sp. z o.o. and Aion Bank NV/SA .
Morgan Stanley Expansion Capital Acquires Stake in Global Payments Fintech Sokin
- 5 months 2 weeks ago
- Investment
Investment funds managed by Morgan Stanley Expansion Capital have acquired a stake inthe headquartered payments business Sokin, marking an exciting new chapter for the fast-expanding fintech firm. The acquisition will provide significant capital and accelerate its product growth plans and further global expansion.
British Business Investments Commits Up to €60M to Adams Street Partners Through the Managed Funds Programme
- 5 months 2 weeks ago
- Investment
British Business Investments today announces a commitment of up to €60m to Adams Street Partners’ (“Adams Street’’) first European Venture Fund. The commitment, which is made through the Managed Funds program, will back innovative businesses across the UK and Europe. The European Venture Fund is Adams Street’s first commingled fund focused on Europe.
Meridien Holdings Acquires 27% Stake in London Fintech DKK Partners
- 5 months 3 weeks ago
- Investment
Meridien, a US holding company which specialises in the global payment, CRM and Banking Industry, has set fourth its plans to list on the NYSE. Alongside other strategic acquisitions, Meridien will acquire a 27% stake in London fintech firm DKK Partners to bolster the groups capabilities.
British Business Bank Launches Growth Guarantee Scheme to Help Smaller Businesses Access the Finance They Need to Invest and Grow
- 6 months 1 day ago
- Investment
The British Business Bank has so far accredited 41 lenders for the Growth Guarantee Scheme. Following their accreditation, each lender needs to put in place the operations required to start lending under the scheme, and they will be listed on the British Business Bank website once they are ready to start receiving applications. 20 lenders have so far confirmed they are open for applications. Further lenders are going through the accreditation... more
WhatsApp-ening with My Investments? VCs Ask Portend for Financial Health Check
- 6 months 4 days ago
- Investment
Portend launches WhatsApp integration providing accessible real-time due diligence for portfolio safeguarding with quick and easy access to simulated governance, financial auditing, communication sentiment, and financial monitoring tools in Venture, Debt, Insurance, and Sports. You might assume that with $100M’s AUM VC Investment Directors would monitor the finances of their portfolio businesses. Oddly, they don’t.
