Scaleup Finance Announces $8 Million Funding Round to Expand its Digital CFO Platform in the UK
- 2 years 3 months ago
- Fundraising News
Scaleup Finance has announced an $8million (£6.4million) pre-Series A round to ‘solve the challenge of financial management’ for startup and scale-up companies. Led by Inveready, alongside Crowberry Capital, Seed X, PROfounders, Fin Capital and CircleRock Capital, the funds will be used to help drive continued growth in the UK and prepare for future expansion into the US.
Uzum Becomes First Tech Unicorn in Uzbekistan After Raising Over $100 Mln in Funding
- 2 years 3 months ago
- Fundraising News
Uzum, a leading digital services ecosystem in Uzbekistan, has secured $114 million in funding through a combination of a Series A funding round and debt financing, making Uzum the first tech company in Uzbekistan to achieve unicorn status with a post-money valuation of over $1 billion. Uzum plans to use the funds to develop the country’s IT and logistics infrastructure, as well as to fund its own BNPL service.
Form3 and Feedzai Launch Industry-First APP Fraud Solution for the UK Market
- 2 years 3 months ago
- Security
Form3, the cloud-native account-to-account platform, today launches a new, innovative authorised push payment fraud (APP fraud) prevention solution, powered by Feedzai, the market leader in anti-fraud and financial crime software.
Australian Fintech Stables Launches International Remittances Between Australia and The Philippines
- 2 years 3 months ago
- Money Transfers
Australian digital wallet provider and payment startup Stables has today announced the launch of international remittances for its thousands of users (focusing on the AU-PH Corridor). From today, Stables users in over 130 countries can send Australian Dollars or Philippine Pesos to over 140 million people across Australia and the Philippines, all powered by stablecoins.
Swift Sets Industry Up for Seamless Introduction of CBDCs for Cross-Border Transactions as Interlinking Solution Finds More Use Cases
- 2 years 3 months ago
- Cryptocurrencies
Swift has announced the findings of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution, with the results showing that its connector can enable financial institutions to carry out a wide range of financial transactions using CBDCs and other forms of digital tokens, easily incorporating them into their business practices.
La Banque Postale and JCB Join Forces to Elevate Payments Experience for Travellers in France
- 2 years 3 months ago
- Payments
La Banque Postale and JCB today announced the signature of a partnership aimed at facilitating easy and seamless payment transactions for JCB cardmembers throughout France. This long-term collaboration will be rolled out in several major phases.
Deriv Brings Award-winning Platforms to iFX EXPO LATAM as an Elite Sponsor
- 2 years 3 months ago
- FinTech StartUps
Deriv, a market leader in the FX space, has announced its Elite sponsorship of the inaugural iFX EXPO LATAM 2024. The event will take place in Mexico City, Mexico, from 9-11th April 2024. The company’s sponsorship of the iFX EXPO marks its intent to bring its award-winning platforms to more traders in the rapidly growing Latin American trading community.
Unlimit Partners With Xiaomi to Improve GetApps Payments Experience for Brazilian Customers
- 2 years 3 months ago
- Payments
Unlimit, a leading global fintech company, today announced it has partnered with Xiaomi, one of the world’s leading consumer electronics and smart manufacturing companies, to strengthen the expansion of Xiaomi’s GetApps, the company’s app distribution platform for international markets in Brazil. By providing PIX, Unlimit will greatly simplify the payment process for GetApps’ local customers, and support GetApps’ development goals in the region.
Teya Announces Launch of the Business Account, a New Wallet and Debit Card Offering for Its Members
- 2 years 3 months ago
- Payments
The business technology company, Teya, announced today its latest product called the Business Account, a wallet and debit card offering designed for Teya members. In collaboration with Visa, a world leader in digital payments, the Business Account will allow Teya members to receive settlements directly in a Teya account and spend with a Visa Platinum Business Debit Card.
FundGuard Closes $100m Series C Funding Round
- 2 years 3 months ago
- Fundraising News
FundGuard, the industry’s first fully cloud-native, AI-powered, multi-asset class investment accounting platform for asset managers, asset owners, custodian banks, and fund administrators today announced the successful closure of its Series C funding round, amounting to $100 million.
PayPoint Appointed Open Banking Supplier to Central and Local Government
- 2 years 3 months ago
- People Moves
Digital payments expert PayPoint today reveals it been named as a supplier on the Crown Commercial Service’s (CCS) Open Banking Dynamic Purchasing System (DPS) framework, used by all public sector buyers seeking official suppliers of Open Banking services. PayPoint has experienced rapid growth of its Open Banking services since its £3 million investment in OBConnect, a leading Open Banking 'Software as a Service' (SaaS) business in 2022.
Danske Bank Invests in Cloud Technology and Signs a Multiyear Agreement With AWS
- 2 years 3 months ago
- Digital banking
Danske Bank has signed a mult-iyear agreement with Amazon Web Services (AWS). As part of their Forward’ 28 strategy, Danske Bank are offering their customers new digital solutions, more self-service options, and easy and quick access to daily banking needs, while becoming a more efficient bank. Additional investments in digitalisation and cloud technology are one means of achieving this strategic goal.
Halal Car Finance Platform, Ayan Capital, Launches in the UK
- 2 years 3 months ago
- Islamic Finance
Ayan Capital, the Islamic car finance platform for business, private hire vehicles (PHV) and public carriage office (PCO) drivers in the UK, has officially launched. Based in London, Ayan Capital allows drivers across the UK to access business car financing that is fully compliant with Shariah principles.
Euroclear to Invest in IZNES, a Leading Solution Enabling an Innovative Funds Distribution Model
- 2 years 3 months ago
- Management
Euroclear and IZNES today announce that Euroclear will acquire a stake in IZNES, a pan-European funds marketplace based on blockchain technology. The transaction will be subject to customary closing conditions and regulatory approvals. Financial terms will not be disclosed.
Goalsetter Secures $9.6 Million in Series A Extension Funding to Help American Families Learn to Save, Spend, Invest and Build Wealth
- 2 years 3 months ago
- Fundraising News
