Travelex Completes £90M Refinancing Deal to Fuel the Next Stage of Growth
- 2 years 10 months ago
- Fundraising News
Travelex, a market-leading global travel money services business, has completed a £90m refinancing deal that will underpin the next stage of its growth journey. The £90m facility has been provided on a five-year term. It will be used to repay the existing £50m term loan facility, redeem £12m of the New Money Notes and stapled equity, and provide funds for investment in the business.
Financial Wellbeing Startup Mintago Closes $4.75M Funding Round
- 2 years 10 months ago
- Fundraising News
Financial wellbeing startup Mintago has closed a $4.75 million funding round to further enhance its platform and accelerate its growth across the UK. Mintago, a Financial Conduct Authority (FCA)-regulated company, offers the UK’s most complete and inclusive financial wellbeing solution.
Standard Life Strengthens Partnership with Moneyhub and Announces Plans to Deliver Commercial Pensions Dashboard
- 2 years 10 months ago
- Mobile Banking
Standard Life, part of Phoenix Group, the UK’s largest long-term savings and retirement business, has partnered with Moneyhub, the market-leading Open Banking and Open Finance platform, to deliver its pensions dashboard. This marks the first UK provider to commit to offering a commercial pensions dashboard.
SMEs Repay Over £5 Billion in First Six Months of 2023 to Erode Pandemic Debt Pile
- 2 years 10 months ago
- Lending
Analysis of the Bank of England’s data1 on SME lending shows that through the first half of 2023 SME’s saw net lending decrease by £5.3 billion. The research by Ebury, the global financial technology firm helping to simplify international trade for SMEs, highlights the urgency with which businesses are now making debt repayments in the aftermath of the various COVID-19 loan schemes and the rising cost of servicing that debt.
Corvallis and Finastra Extend Partnership to Help Italian Banks Accelerate Their Instant Payments Offerings
- 2 years 10 months ago
- Payments
Finastra, a global provider of financial software applications and marketplaces, today announced its extended partnership with Corvallis, Tinexta Group, a leading IT services provider in the Italian financial services sector, to support Italian banks with their payment transformation journeys.
Dawn Capital Raises $700M to Invest in the Next Generation of European B2B Software Winners
- 2 years 10 months ago
- Fundraising News
Dawn Capital, Europe's leading specialist B2B software investor, today announces it has raised $700m to invest in the next generation of global software leaders. The fundraise includes the $620m flagship fund Dawn V, the largest dedicated early-stage B2B software fund ever raised in Europe. Dawn V will back European software innovators at Series A and B stage with initial investments of $10m to $40m, and provide capital for follow-on rounds.
Digital Commerce Transactions to Pass 1 Trillion Threshold Globally by 2024, as NFC Payments & Digital Ticketing Surge Ahead
- 2 years 10 months ago
- Money Transfers
A new study by Juniper Research, the foremost experts in fintech & payments markets, has found by next year, digital commerce transaction volumes will reach 1.08 trillion globally; rising from 966 billion this year – a very
AMLYZE Selected by KREDA as Preferred Compliance Software Provider
- 2 years 10 months ago
- Compliance
AMLYZE, a leading RegTech company specializing in anti-financial crime solutions for FinTechs, neo-banks and crypto businesses, is delighted to announce that KREDA, one of the largest united central credit unions in Lithuania, has selected AMLYZE as its preferred provider of anti-money laundering and compliance services.
British Business Bank Supports More than £12.4B of Finance through its Core Programmes and Meets its Objectives, but Reports a Loss for 2022/23 Due to Falls in Market Valuations
- 2 years 10 months ago
- Banking
Louis Taylor, CEO, British Business Bank, said: “The British Business Bank has continued to build momentum in 2022/23, making a total of £1.6bn of commitments despite the challenging economic environment.
Coincover Elevates Growth Trajectory with Strategic Hire of Chief Commercial Officer
- 2 years 10 months ago
- People Moves
Today, Coincover, the blockchain protection company, announces the appointment of its new Chief Commercial Officer, Ridhima Durham, who joins at a critical time following its recent successful funding round in January and rebrand in July.
Clip Money Inc. Closes Strategic Investment led by Cardtronics, Inc.
- 2 years 10 months ago
- Investment
Clip Money Inc., a company that operates a multi-bank self-service deposit system for businesses, is pleased to announce the closing of a non-brokered private placement of 28,596,826 common shares in the capital of the Company (the “Common Shares ”) at a price of CDN$0.23 per Common Share (the “Equity Price”) for gross proceeds of approximately US$4,900,000 (the “Equity Financing”).
LeapFrog Investment Extends bolttech’s Series B to Record-breaking US$246M
- 2 years 10 months ago
- Fundraising News
International insurtech bolttech welcomed leading impact investment firm LeapFrog Investments as a new strategic investor in an extension of its Series B round. LeapFrog’s US$50 million investment adds to bolttech’s recent Series B funding round, now totalling US$246 million, the largest ever Series B round for an insurtech.
Monument Bank Introduces Notice Accounts
- 2 years 10 months ago
- Banking
Monument (or the “Bank”) announces the expansion of its savings proposition with the launch of its new Notice Accounts. The introduction of this product follows feedback from the Bank’s savings clients, largely mass affluent individuals, who value a wide range of product options to fit their various savings goals, with greater flexibility. This launch is a further addition to the suite of savings products already offered by the Bank which...
OKX Wallet is Now Integrated with Looper, a Decentralized Protocol
- 2 years 10 months ago
- E-Wallets
OKX Wallet is now integrated with Looper, a decentralized protocol that aims to offer an easy-to-use solution for holders of LSD ETH (starting with
NICE Actimize Powers Innovation for GoTyme Bank with its Cloud Financial Crime Digital Banking Platform
- 2 years 10 months ago
- Artificial Intelligence
