Over 9M People in the U.K. Expecting Christmas to Put Them into Debt This Year
- 6 months 2 weeks ago
- Personal Finance
Over nine million people across the UK are expecting to end up in debt due to the high cost of Christmas this year, according to research from responsible lender, Creditspring. The findings reveal that young people will be the worst hit – a quarter (25%) of those aged 18-34 say Christmas will put them into debt compared to 17% of the whole UK population.
U.K. Retail Spending Rises 2.3%, Visa Data Shows
- 6 months 2 weeks ago
- Personal Finance
Visa, a global leader in digital payments, today announced its first Retail Spend Monitor, from Visa Consulting & Analytics (VCA), which analyses holiday season retail spend for the 7-week period starting on November 1, 2024, across the U.K. The findings show overall holiday spend in the U.K. increased 2.3% year over year, in nominal terms.
Varo Bank Introduces Zero Fee Cash Deposits at Participating CVS Locations
- 6 months 2 weeks ago
- Banking
Varo Bank, the first all-digital nationally chartered bank in the U.S., today announced a collaboration with Green Dot Corporation (NYSE:
UAE-Based Embedded SME Lending Startup CredibleX Raises US$55M in Seed Round
- 6 months 2 weeks ago
- Fundraising News
CredibleX, UAE's Leading SME Lending Fintech, Provides Access to 100,000 SMEs for Financing and Disburses AED 100 Million During Launch CredibleX, a pioneering working capital finance platform for SMEs, is proud to announce that it has successfully disbursed AED 100 million in loans to small businesses across the UAE since the pilot launch of its platform eight months ago.
Mastercard Finalizes Acquisition of Recorded Future
- 6 months 2 weeks ago
- Security
Mastercard completed its acquisition of Recorded Future.
Scalable Capital Launches Own World ETF Together With DWS and MSCI to Rethink Global Investing
- 6 months 2 weeks ago
- Fundraising News
As the first digital investment platform in Germany Scalable Capital launches its own global equities core ETF, the “Scalable MSCI AC World Xtrackers UCITS ETF”. Scalable Capital advises the asset manager DWS on the construction and replication of the portfolio for the new ETF. DWS is one of the largest providers of ETFs through its Xtrackers brand. The underlying All Country World Index (AC World or ACWI) is provided by MSCI, a leading provider...
SandboxAQ Announces More Than $300 Million of Funding to Drive Next Era of AI
- 6 months 2 weeks ago
- Fundraising News
SandboxAQ today announced a round of more than $300 million from Fred Alger Management, LLC, T. Rowe Price Associates, Inc., Mumtalakat, Parkway Venture Capital, Breyer Capital, Rizvi Traverse, S32, US Innovative Technology Fund, Ava Investors, Eric Schmidt, Marc Benioff, David Siegel, Yann LeCun, IQT, and other prominent investors. The funding round valued the company at $5.3 billion on a pre-money basis.
Best Egg Gets $1 Billion in Funding From AB CarVal Affiliates to Help More People Access Vehicle Equity Loans
- 6 months 2 weeks ago
- Fundraising News
Best Egg, a leading fintech that drives financial confidence, announced today the successful arrangement of a $1 billion purchase facility to help offer more vehicle equity loans that let people use their car’s value as collateral to borrow money. This commitment, led by funds managed by affiliates of AB CarVal, entails a forward-flow purchase commitment for loans facilitated through the Best Egg platform.
Bitget Partners With Fiat24 to Advance PayFi Solutions for Crypto
- 6 months 2 weeks ago
- Payments
Bitget, the leading cryptocurrency exchange, and Web3 company, has announced a strategic partnership with Fiat24, a Swiss-regulated fintech company that develops modern banking solutions powered by blockchain technology. The collaboration focuses on exploring PayFi solutions for major cryptos like Ethereum (ETH) and Bitget Token (BGB), as well as stablecoins such as USD Coin (USDC).
Thredd Strengthens Global Leadership With Strategic Senior Appointments
- 6 months 2 weeks ago
- People Moves
Thredd, a leading next-generation global payments processor, today announced four strategic senior appointments to its leadership team, reinforcing its commitment to delivering world-class expertise in supporting fintech organisations and programme managers worldwide.
Klarna Partners With Iconic Luxury Retailers Neiman Marcus and Bergdorf Goodman
- 6 months 2 weeks ago
- Lending
Klarna, the AI-powered global payments network and shopping assistant, has partnered with Neiman Marcus, one of the largest luxury retailers in the U.S., and famed New York City-based Bergdorf Goodman to offer its range of flexible payment methods online.
TBC Bank Uzbekistan Secures $37M Equity Investment, Making 2024 a Record Year
- 6 months 2 weeks ago
- Fundraising News
TBC Bank Uzbekistan (TBC UZ), the country’s largest digital bank, announces a $37 million equity investment from its majority shareholder London-listed TBC Bank Group PLC (TBC Group). This capital brings the total new equity funding secured in 2024 to $75 million, setting a new annual record for TBC UZ.
Trulioo Transactions Surge 34% for Global Marketplaces, 21% for Payments Enterprises in 2024
- 6 months 2 weeks ago
- Payments
Trulioo, an industry-leading identity platform with proven global coverage for
Cytora and Moody’s RMS Partner to Help Insurers Weather Climate and Natural Disaster Risk
- 6 months 2 weeks ago
- Insurtech
Cytora, the leading digital risk processing platform, has partnered with global catastrophe risk modeling and solutions company Moody’s RMS.
Visa Completes Acquisition of Featurespace
- 6 months 2 weeks ago
- Payments
Visa today announced it has completed its acquisition of Featurespace, a developer of real-time artificial intelligence (AI) payment protection technology that prevents and mitigates payments fraud and financial crime risks. This will bolster Visa’s fraud protection capabilities and enhance security for its customers and consumers worldwide.
