Svatantra to acquire Navi Group’s microfinance subsidiary for $178.6m
Indian microfinance company Svatantra Microfin is set to acquire Chaitanya, a subsidiary of Navi Group, for $178.6 million, becoming the second largest microfinance entity...
Torpago confirms two new senior hires following “significant growth”
US financial services platform Torpago experiences "significant growth" and makes two key appointments to expand its capabilities.
FactsTorpago, based in San Francisco, offers business...
LSEG announces Irfan Hussain as its new chief information officer
London Stock Exchange Group (LSEG) appoints Irfan Hussain, a former Goldman Sachs executive, as its new Chief Information Officer (CIO) to drive technological innovation...
Specialist lender Shawbrook reportedly mulling Co-operative Bank merger
UK-based SME lender Shawbrook Group is exploring a potential £3.5 billion merger with the Co-operative Bank, seeking advice from Barclays, while the Co-operative Bank...
FCA warns consumers against loan fee fraudsters amid rising summer borrowing
The Financial Conduct Authority (FCA) is combatting loan fee fraud in the UK as summer sees a peak in consumer borrowing. FCA launches a...
SumUp secures $100m credit facility to expand merchant cash advance product
SME-focused fintech SumUp obtains a $100 million credit facility from Victory Park Capital to expand its merchant cash advance product, SumUp Cash Advance, enabling...
US fintech Block set to close European payments app Verse
San Francisco-based payments company Block is closing some of its European business operations, including its peer-to-peer payment app Verse and its buy now, pay...
Payabl. secures EMI licence in the UK
European paytech firm payabl. has obtained a UK electronic money institution (EMI) licence, enabling expansion of its services and merchant portfolio.
FactsPayabl. has acquired...
Garanti BBVA Financial Technologies launches new venture for digital assets
Garanti BBVA Financial Technologies, a subsidiary of Garanti BBVA, is entering the digital asset arena with its venture named Garanti BBVA Digital Assets, offering...
