Bank of Algeria Joins PAPSS Network, Accelerating Financial Integration in Africa as Algeria Prepares to Host IATF 2025
- 7 months 20 hours ago
- Banking
The Pan-African Payment and Settlement System (PAPSS) launched by African Export-Import Bank (Afreximbank) in collaboration with the African Union Commission (AUC) and the African Continental Free Trade Area (AfCFTA) Secretariat, has officially welcomed the Bank of Algeria into its growing network. Algeria now becomes the 18th country of presence for PAPSS, marking a significant step in advancing Africa’s journey towards deeper financial...
British Business Bank Agrees ENABLE Guarantee Transaction of up to £300m with Close Brothers
- 7 months 21 hours ago
- Banking
The British Business Bank has agreed a transaction of up to £300m with Close Brothers under the ENABLE Guarantees programme, unlocking significant additional lending capacity. The transaction will support a portfolio within Close Brothers Asset Finance, covering hire purchase, sale and hire purchase back and leasing facilities. Asset finance plays an important role for UK smaller businesses, with the market reaching a record £23.5bn in 2024.
Gemini Files Registration Statement with SEC for Proposed Initial Public Offering
- 7 months 21 hours ago
- Cryptocurrencies
Gemini Space Station, Inc. ("Gemini"), a global crypto platform, today announced that it has publicly filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (the "SEC") relating to a proposed initial public offering of its Class A common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined.
PowerPay Announces $300 Million Partnership with Synovus Bank and Nearwater Capital
- 7 months 21 hours ago
- Lending
PowerPay, a leading fintech platform providing consumers with home improvement and patient finance, today announced the addition of Synovus Bank, a Georgia-based financial institution with $62 billion in a
Akurateco Partners with PAYSTRAX to Expand European Payment Capabilities
- 7 months 21 hours ago
- Payments
Akurateco, a leading white-label payment software provider, announced that it has partnered with PAYSTRAX – a licensed European payment institution headquartered in Vilnius, Lithuania – to expand its acquiring and processing services across Europe.
Klarna Secures Scalable Funding in $26bn Deal to Drive U.S. Pay in 4 Growth
- 7 months 22 hours ago
- Fundraising News
Klarna, the global digital bank and flexible payments provider, today announced the execution of a multi-year forward flow agreement with Nelnet, a U.S.-based financial services and investment firm, to support the continued expansion of Klarna’s Pay in 4 product in the United States.
Ebury Announced as Official Fintech Partner of Southampton Football Club for the Second Season
- 7 months 22 hours ago
- Infrastructure
Ebury, one of the world’s leading fintechs, is delighted to announce it has extended its partnership with the EFL Championship team Southampton Football Club for the 2025/26 season, continuing as the club’s Official Fintech Partner. Building on the successful relationship established in October 2024, the renewed agreement will see Ebury continue to provide its market-leading expertise in global financial operations to support the club’s...
Finastra Supports JICA with Loan IQ to Transform Private-Sector Investment Finance System in Japan
- 7 months 22 hours ago
- Lending
Finastra, a global leader in financial services software, has announced the Japan International Cooperation Agency (JICA)’s successful go-live with the Loan IQ platform. This project aims to modernize JICA’s core system for private-sector investment finance, an increasingly expanding initiative that provides loans to private sector projects in developing countries.
Riva Closes Pre-Seed Round Led by Project A
- 7 months 3 days ago
- Fundraising News
Riva Money, a next-generation payments infrastructure company, has raised $3 million in pre-seed funding to rebuild how businesses move money globally. The round was led by Project A and joined by angel investors from leading fintech and financial institutions including Revolut, Ebury, Monzo, and J.P. Morgan.
Growfin Partners with Zuora to Transform Accounts Receivable for the Enterprise
- 7 months 3 days ago
- Infrastructure
Growfin, the AI-native accounts receivable (AR) automation leader, today announced a strategic partnership with Zuora®, a leading monetization platform for modern business. The collaboration will help enterprise companies tap into the power of AI to transform their quote-to-cash operations to support modern monetization strategies.
ITTI Becomes Exclusive LatAm Distributor of SignQuantum's Quantum-Proof E-Signature Tech
- 7 months 3 days ago
- Digital Identity
ITTI, the leading Paraguayan provider of digital transformation solutions for the financial sector, announced an exclusive distribution agreement for Latin America with SignQuantum. The strategic partnership will deliver quantum-resistant security for digitally signed documents to ITTI's clients across Latin America, protecting critical data from the looming threat of quantum computers.
Drivepoint Adds $9M from Top Tech and Consumer Investors to Accelerate AI Finance Platform for Retail Brands
- 7 months 3 days ago
- Fundraising News
Drivepoint, the AI-powered strategic finance platform for consumer brands, announced today that it has secured over $9 million in new funding to accelerate product innovation and go-to-market expansion. The total includes a fresh $7 million Series A round led by Vocap Partners along with a previously undisclosed investment raised earlier in 2024. Returning investors Bling Capital, Vinyl VC, and Las Olas Venture Capital and Jefferies' Family...
Prove Launches Unified Authentication Solution with Passive, Persistent Customer Recognition
- 7 months 3 days ago
- Digital Identity
Prove, the leader in digital identity, today announced the launch of Unified AuthenticationSM
Big Fintechs Are Holding Community Banks “to Ransom” over Customer Data, Warns Fintech CEO
- 7 months 3 days ago
- Banking
The fintech sector’s outrage at plans to ditch open banking rules is “totally hypocritical,” says Adam Turmakhan, CEO of TurmaFinTech, who argues providers have been holding US community banks “to ransom” over their customer data for years. Turmakhan’s intervention follows reports that the CFPB will propose a new version of open banking rules following the fintech sector’s fury at plans to scrap them altogether.
Lendflow Launches New AI Automation Suite for Embedded Lending
- 7 months 3 days ago
- Lending
Lendflow, a leader in embedded lending infrastructure, announced the official launch of Lendflow Automate, a suite of AI-powered agents designed to optimize workforce efficiency and transform how lending operations are executed.
