Banking
Fintel acquires an initial 70% stake in UK start-up ifaDASH
UK-based Fintel, a provider of fintech and support services for the retail financial services industry, has acquired a 70% stake in fintech start-up...
Banking
Redwood Bank names David Kennedy as new chief operating officer
Redwood Bank, a UK-based business bank for SMEs, has appointed David Kennedy as its new Chief Operating Officer (COO).
Kennedy brings a wealth...
Banking
Uzum lands $114m in mix of equity and debt financing, becomes Uzbekistan’s first tech unicorn
Uzbekistan-based tech firm Uzum has secured $114 million in a combination of Series A equity funding and debt financing.
The funding round elevates...
Banking
Bulgaria’s Paynetics acquires UK neobank Novus
Bulgaria-based embedded finance firm Paynetics has acquired Novus, a B-Corp-certified digital bank in the UK.
Novus, founded in 2020, is an "impact neobank"...
Banking
UK’s Co-operative Bank to cut 400 jobs as part of cost reduction programme
The Co-operative Bank in the UK is planning to cut around 400 jobs across its business.
This move is part of a cost-reduction...
Banking
Tide names former SVP George Schmidt as new regional CEO for UK and Europe
George Schmidt, formerly the senior VP of marketing at Tide, has been promoted to the position of regional CEO for the UK and...
Banking
Anext Bank in Singapore reportedly receives another $148m investment from parent company Ant Group
Anext Bank, a digital wholesale bank based in Singapore, has reportedly received an additional SDG 200 million ($148.5 million) investment from its parent...
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