Tabs Secures $7M in Seed Funding Led By Lightspeed to Advance its AI-powered B2B Accounts Receivable Platform
- 1 week 6 days ago
- Fundraising News
Tabs, an Accounts Receivable (AR) platform for B2B businesses, today announced a $7 million seed funding round led by Lightspeed Venture Partners. This brings the company’s total amount raised to $12 million, including a pre-seed round from Primary Ventures. The investment will fuel Tabs' mission to reimagine B2B AR processes at a critical time when most businesses struggle to collect cash and find profitability.
FloQast Secures $100 Million in Series E Funding, Achieving $1.6 Billion Valuation
- 1 week 6 days ago
- Fundraising News
FloQast, a Finance and Accounting Operations Platform provider created by accountants for accountants, today announced the successful closure of its Series E funding round, raising $100 million. The round was led by ICONIQ Growth, with Roy Luo, representing ICONIQ Growth, joining FloQast’s Board of Directors. BDT & MSD Partners and WiL (World Innovation Lab) also join as first-time investors, alongside the continued participation from board...
EQT to Sell Rimes, a Global Leader in Enterprise Data Management Solutions for the Investment Industry, to Five Arrows
- 1 week 6 days ago
- Infrastructure
EQT is pleased to announce that EQT Mid Market Europe ("EQT"), together with its co-shareholders, has agreed to sell Rimes to the Five Arrows Long Term Fund and Five Arrows Principal Investments (together "Five Arrows"). Five Arrows is the alternative assets arm of Rothschild & Co.
Token.io Bolsters Executive Team with Key Appointments
- 1 week 6 days ago
- People Moves
Leading account-to-account (A2A) payment infrastructure provider Token.io has announced the appointment of three executives to its senior leadership team, positioning the company for further growth. The company is pleased to welcome Ronnie d'Arienzo as Chief Commercial Officer, Tatiana Okhotina as Chief Financial Officer, and Tim Corke's transition from Chief Customer & Strategy Officer to Chief Operations Officer.
Revolutionizing Security: Veridas Unveils Voice Shield to Combat Voice Fraud
- 1 week 6 days ago
- Fraud Detection
Veridas is launching a Voice Shield solution to provide an efficient and ready-to-use service for this problem. With over 5 million processes worldwide with voice biometrics alone, Veridas brings “Voice Shield” to the market as the highest level of anti-fraud technology.
Verituity Joins Forces with Mastercard to Accelerate Secure Domestic and Cross-Border Payouts
- 1 week 6 days ago
- Payments
Verituity, a leading provider of intelligent, verified payout solutions, today announced the integration of Mastercard Move, Mastercard’s portfolio of domestic and international money transfer solutions, into its payments platform, enabling near real-time payouts for commercial banks and payers.
Finastra Launches Small Business Data Collection Solution to Help Financial Institutions Comply with DFA 1071
- 1 week 6 days ago
- Data
Finastra, a global provider of financial software applications and marketplaces, today announced the launch of its Small Business Data Collection module, which enables banks to easily comply with the Equal Credit Opportunity Act (ECOA) small business data collection requirements, mandated by Section 1071 of the Dodd-Frank Act (DFA).
Navy Federal Credit Union Announces 7-year Strategic Partnership with Backbase
- 1 week 6 days ago
- PaaS
Backbase, the leading Engagement Banking Platform provider, announces today the renewal and expansion of its partnership with Navy Federal Credit Union, the world’s largest credit union with more than 13 million members and $171 billion in assets, proudly serving U.S. veterans, retired service members and active duty in all branches of the armed forces and their family members.
Lloyds Bank Warns Holidaymakers on Scams
- 1 week 6 days ago
- Security
With summer fast approaching, Lloyds Bank is warning hopeful holidaymakers they could fall victim to a scam when booking a trip. These scams have risen 7% over the past year, with people losing £765 on average, with those aged 35 to 44 - often booking trips for their families – making up over a quarter of victims (27%).
Finzly Among the First to Receive Fed Certification for Fedwire ISO 20022
- 1 week 6 days ago
- Banking
Finzly, the pioneering provider of modern money movement systems to financial institutions, today announced its achievement as one of the first Third-Party Service Providers (TPSP) to be certified for compliance to ISO 20022 messaging standards for Fedwire. This landmark accreditation positions Finzly at the forefront of innovation, enabling financial institutions to transition to the next generation of payment processing.
Satago Partners with mmob to Simplify and Speed Up its Embedded Finance Proposition
- 1 week 6 days ago
- Lending
Today, Satago, a leading fintech that provides Working Capital solutions, and mmob, the universal API adaptor, announced the launch of a new partnership. This collaboration enables lenders and corporates to embed Satago’s flexible Invoice Finance and Cash Flow solutions, using mmob’s hyper-efficient integration capabilities.
Mastercard and Equity Bank Join Forces to Enhance Cross Border Money Transfers in Kenya
- 1 week 6 days ago
- Money Transfers
Mastercard and Equity Bank have announced a strategic collaboration that will enable Equity Bank customers to send money safely and securely to 30 countries. This collaboration marks a significant milestone for cross-border financial transactions in Kenya.
Nuvei Launches Invoice Financing to Unlock Merchant Cash Flow
- 1 week 6 days ago
- Cash management
Nuvei Corporation, the Canadian fintech company, today announces the launch of its new Invoice Financing services that have been integrated into several leading enterprise resource planning (ERP) platforms, including Sage and Acumatica. This new service enables merchants to access Nuvei's Invoice Financing solutions directly within their ERP systems to optimize cash flow and unlock working capital more efficiently.
UK FinTech Companies See 15% Decline In Funding In Q1 2024, Hit By A Significant Decline In Seed-Stage Investments
- 1 week 6 days ago
- Infrastructure
Tracxn, a leading global SaaS-based market intelligence platform, has released its Geo Quarterly Report: UK FinTech Q1 2024. The report, based on Tracxn’s extensive database, provides insights into the UK FinTech space.
Nutanix Study Finds Businesses in the UK are Embracing the Multicloud Era
- 1 week 6 days ago
- Cloud
Nutanix, a leader in hybrid multicloud computing, has announced the findings of its sixth annual Enterprise Cloud Index (ECI) survey and research report, which measures global cloud adoption and related trends.
