Elemi Bank applies to FDIC and seeks $25m in capital to launch corporate offering
Elemi Bank, a new US banking challenger, is progressing towards launch with a recent filing with the FDIC.
Based in Burbank, California, Elemi...
US OCC highlights key risks to federal banking system in latest report
AI Risks WarningThe OCC's Fall 2023 report warns banks of "significant challenges" due to the rise of artificial intelligence (AI) in financial...
Germany’s Scalable Capital secures $65m in Series E extension
Scalable Capital raises $65 million in a Series E extension round.
Led by Balderton Capital, with participation from HV Capital’s new growth fund...
Canadian fintech Koho bags $63m funding at unchanged valuation
Funding Round: Canadian fintech Koho raises $63 million (CAD 86 million) in fresh funding.
Valuation Unchanged: The funding maintains the firm's valuation at $589 million...
Coventry Building Society reportedly eyeing Co-operative Bank takeover
Coventry Building Society is in talks with Co-operative Bank for a potential takeover.
Ongoing discussions are not exclusive, as per a Sky News...
Liberis bags $112m in debt financing to fuel expansion in North America and Europe
Funding Boost: UK-based Liberis secures $112 million in debt financing from HSBC Innovation Banking and BCI Capital.
Expansion Plans: Liberis aims to expand its embedded...
Bravura Solutions appoints APAC and EMEA CEOs as part of new leadership structure
Leadership Restructuring:Bravura Solutions appoints Paul Dunn as CEO for APAC and Chris Spencer as CEO for EMEA.
Aim to enhance operational efficiencies...
Germany’s Scalable Capital secures $65m in Series E extension
Banking License Secured:Trade Republic has obtained a full EU banking license from the European Central Bank (ECB).Expanded Services:The Berlin-based platform,...
US fintech Pontera secures $60m in fresh funding round led by new investor Iconiq Growth
Pontera Funding: New York City fintech firm Pontera, specializing in 401(k) wealth management, secures $60 million in funding.
Investment Round: Led by Iconiq...
