African Bank Partners with Loylogic and Pinnacle Rewards to Introduce a New, World Class, Loyalty Program for its Customers
- 2 years 9 months ago
- Banking
African Bank is taking a definitive step towards improving the financial well-being of its customers with the introduction of a new, world-class, loyalty program, called Audacious Rewards. The new program is being delivered with the support of Loylogic, the global leader in loyalty and engagement solutions, and Pinnacle Rewards, an established loyalty marketing powerhouse.
British Business Investments Commits Up to £10M to Haatch Ventures
- 2 years 9 months ago
- Investment
British Business Investments, a wholly-owned commercial subsidiary of the British Business Bank, today announces a commitment of up to £10m to Haatch Ventures (Haatch) through the Regional Angels Programme.
Pinewood and Vyne Drive Open Banking Adoption in Automotive Sector
- 2 years 9 months ago
- Open Banking
Vyne, the specialist account-to-account payments platform, today announces that it has been selected to deliver Open Banking payments to Pinewood, one of the leading global solutions for automotive dealer management. Vyne is now integrated with Pinewood DMS – providing dealers with an instant payment added to their digital omnichannel offering.
SumUp Launches Digital Wallet with Integrated Loyalty Scheme to Boost Support for Local Businesses
- 2 years 9 months ago
- E-Wallets
SumUp, the financial partner for over 4 million small businesses worldwide, has today announced the launch of SumUp Pay, the first digital wallet that makes shopping locally easier and more rewarding.
Martin Bradford Joins FairXchange As COO
- 2 years 9 months ago
- People Moves
Martin Bradford has been appointed COO of FX liquidity analytics firm, FairXchange, part of United Fintech.
Compliant Payment System Secures Seed Round Led by SFC Capital, Bringing Total Funding to £1.2M
- 2 years 9 months ago
- Fundraising News
Ryft, the revolutionary PSD2 compliant payments system, has raised a large seed round, led by SFC Capital, the UK’s most active seed-stage investor. Additional investors include the ex-founder of Shutterstock and the founder of LoveFilm. Ryft enables automated next-day payouts for marketplace businesses and their merchants, for a single flat fee per transaction.
Save Now Buy Later Fintech Tortoise Raises Funding from Swiggy and ZestMoney Founders
- 2 years 9 months ago
- Fundraising News
Fintech startup Tortoise, a platform that rewards consumers to save up for their purchases, has received an undisclosed amount of funding from Sriharsha Majety co-founder / CEO of Swiggy) and Lizzie Chapman, co-founder / CEO of Fintech ZestMoney in a mentors round.
UK Identity Tech Start-up OneID® Gains ACCS Accreditation
- 2 years 9 months ago
- Digital Identity
UK-based identity tech start-up, OneID®, has gained full ACCS accreditation, meaning its ground-breaking technology is certified to authenticate the age of over 40 million people online in the UK, helping to keep both businesses and consumers safe when operating online.
Moneycorp Expands European Footprint with Launch of Moneycorp France
- 2 years 9 months ago
- Payments
Moneycorp - a leading global payments services provider - has today announced its launch in France as part of its rapidly expanding European business.
Wave Financial Acquires Geneva-Based Criptonite Asset Management
- 2 years 9 months ago
- Asset Management
Wave Financial LLC (Wave), the SEC-regulated digital asset investment management company, is pleased to announce that it has acquired a minority stake in FINMA-regulated Swiss-based crypto investment manager Criptonite Asset Management.
Atom Bank Accredited to the New Iteration of the Recovery Loan Scheme
- 2 years 9 months ago
- Lending
Atom bank, the UK’s first app-based bank, has been accredited to the latest iteration of the Recovery Loan Scheme (RLS) by the British Business Bank, and will soon be accepting applications on its award-winning secured lending products.
O-CITY Leads Kenya Contactless Payment Boom by Scaling Digital Fare Collection for Over 10,000 Matatu Buses
- 2 years 9 months ago
- Payments
O-CITY, the automated fare collection provider by BPC, has been accelerating cashless fare collection across Kenya by providing a widely popular service, now digitising payments across over 10,000 Matatu buses. This represents a tenfold increase in Matatu buses using the service since its pilot only a couple of years ago during the COVID-19 pandemic.
Quota Chooses Nordigen As Their Open Banking Provider, Enriching Their Screening And Scoring Algorithms
- 2 years 9 months ago
- Open Banking
Klarna Losses Quadruple as Costs Rise
- 2 years 9 months ago
- Payments
Embattled BNPL giant Klarna saw its net losses nearly quadruple in the first half of 2022 on higher credit losses, increased employee costs and investment in market expansion. In a letter to shareholders, CEO Sebastian Siemiatkowski says the firm has been "operating in a very different environment" in the first half of 2022 as it faced up to the fallout from Russia's invasion of Ukraine, the economic downturn and a "huge shift in investor...
Pezesha Raises Pre-series A of $11M to Grow its Embedded Finance Platform
- 2 years 9 months ago
- Fundraising News
Pan-African embedded finance Fintech Pezesha has raised a pre-series A investment of $11 Million. The round was a mix of $6 million equity and $5 million debt. The funding round, which was led by Women’s World Banking Capital Partners II (WWBCP II), will see the company significantly scale operations in its core markets and grow into new markets within Sub Sahara Africa.
