Answer Pay and Partner Hub Join Forces to Improve Cash Flow in Europe’s €1.2B E-invoicing Market
- 2 years 8 months ago
- e-Invoicing
As the cost of living crisis increasingly bites many businesses are struggling to collect payments from their customers. Subscription numbers are declining and consumers are cancelling direct debits in favour of alternative payment methods that give them more control. However, these alternatives such as cash, cards and cheques can cost more and introduce friction with conversion typically much lower.
SeQura Receives Up to €150M of Financing from Citi and Further Secures its Continued Growth
- 2 years 8 months ago
- Fundraising News
SeQura the leading BNPL and flexible payments platform in Spain and southern Europe, closed an asset-backed agreement with Citi of up to €150m of senior financing.
Wirex and Uzbekistan Direct Investment Fund Sign Memorandum of Understanding
- 2 years 8 months ago
- Blockchain
Wirex is happy to announce the signing of the Memorandum of Understanding with the Uzbekistan Direct Investment Fund. With this partnership, we will support the Uzbek government as they implement blockchain solutions and distributed ledger technology for various government services.
Drip Capital Partners with Onfido for Faster Verification, Streamlining Trade Finance Process for its Customers
- 2 years 8 months ago
- Trade Finance
Drip Capital, Inc., a leading cross-border digital trade finance platform, announced a partnership with Onfido, a global digital identity verification and authentication provider, to streamline the onboarding process for new customers.
PayU Research Reveals a Major Opportunity for International Online Merchants to Capture US Demand not Being Met Domestically
- 2 years 8 months ago
- FinTech StartUps
PayU, the leading online payment service provider operating in 50+ emerging markets, today announces the results of its U.S. survey which reveals a big opportunity for international merchants to capitalize on US consumer demand not being met domestically.
Russell Investments Selects ACA Group’s ARRMA Service to Enhance Regulatory Reporting
- 2 years 8 months ago
- Risk Management
ACA Group (ACA), the leading governance, risk, and compliance (GRC) advisor in financial services, today announced that Russell Investments has selected ACA’s ARRMA (ACA Regulatory Reporting Monitoring & Assurance) service to help manage its transaction reporting arrangements. ACA has provided MiFIR assurance reviews for Russell Investments since May 2021 and the partnership has now been extended to include EMIR reporting as well.
Satispay Exceeds €1 Billion Valuation and Becomes a Unicorn
- 2 years 8 months ago
- Payments
Satispay— an innovative payment super network —announces a €320 million Series D investment round, led by Addition, taking its valuation to more than €1 billion. Greyhound Capital, shareholder since 2018, will follow and increase its stake in the company. Other participating investors include Coatue, Lightrock, Block Inc., Tencent and Mediolanum Gestione Fondi SGR, who all joined in 2021.
Source of Funds Experts Armalytix Raises New Capital to Improve AML Checks
- 2 years 8 months ago
- Fundraising News
Armalytix, which streamlines data collection and intelligence to provide financial insights for AML checks to the professional, financial service and betting and gaming sectors, has completed a targeted raise of $ 1 million, to further strengthen its unique Source of Funds offering.
Facctum Achieves ISO 27001 Certification
- 2 years 8 months ago
- RegTech
Facctum, a regtech company specialising in cloud-delivered enterprise risk decisioning technology, today announces its completion of the ISO 27001 certification programme. With this achievement, the company will be able to address the primary SaaS data security and governance considerations of financial institutions.
New Mollie Research Finds Payments Key for UK Merchants to Grow Internationally
- 2 years 8 months ago
- Payments
Mollie, a pioneer in the payments industry and one of Europe’s fastest-growing financial services providers, today unveiled further UK findings from its European Ecommerce Report.
British Business Bank Supporting More than 96,000 Businesses with £12.2B of Finance Through its Core Programmes, with an Above Target Adjusted Return of 18.2%
- 2 years 8 months ago
- Lending
Catherine Lewis La Torre, CEO, British Business Bank, said: “The British Business Bank has successfully delivered against the strategic priorities we set at the beginning of the year. “We have increased our impact and market reach to smaller businesses across the UK’s regions and Nations and designed innovative programmes while at the same time generating an attractive return on capital employed.
Chase Exceeds One Million UK Customers as it Marks First Year Anniversary
- 2 years 8 months ago
- Digital banking
More than one million U.K. customers now bank with Chase, just 12 months after opening its digital bank in the U.K. On its first anniversary, Chase now holds over £10 billion* in customer deposits in the U.K. and has processed approximately 92 million card and payment transactions since launch.
Experian Fraud Score Aims to Boost Fraud Prevention in the UK
- 2 years 8 months ago
- Fraud Detection
Experian has announced the launch of Experian Fraud Score, a next-generation fraud prevention solution which will help businesses of all shapes and sizes to detect fraud at the point of application, transaction and throughout the customer lifecycle. The service is independent of any data consortium membership, allowing organisations to have access to an advanced fraud prevention score ‘out-of-the-box’.
wefox Calls on Insurance Industry to Improve Customer Experience
- 2 years 8 months ago
- Insurtech
wefox, the world’s leading insurtech, has published today the ‘Global Safety Report’. The results show widespread dissatisfaction and lack of trust in the global insurance industry in an era when the customer experience is at a click of a button.
Leading Embedded Finance Platform, Liberis, Secures an Additional £140M from Barclays to Fund SMEs
- 2 years 8 months ago
- Fundraising News
Liberis, a leading global embedded business finance platform, today announced that they have secured £140m in financing from Barclays Bank PLC and BCI Finance to help secure it
