Business

Lloyds Tightens Bank Account Opening Process in Branches

The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The new policy affects personal and business accounts.Customers are encouraged to apply...

Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances

Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...

Meta Secures Multi-Billion Dollar Deal to Rent Google AI Chips

Partnership strengthens Meta's AI capabilities with advanced technology.Highlights: Meta signs multi-billion dollar deal with Google for AI chips.The...

Private Markets Fintech Delio Acquired by Ialta

Ialta expands its portfolio with Delio, enhancing fintech capabilities in private investments.Highlights: Delio, a fintech focused on private...

Plaid Achieves $8 Billion Valuation, Strengthening Fintech Position

The latest funding round boosts Plaid's market presence significantly.Highlights: Plaid secures a $8 billion valuation following recent funding.The...
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Volante Technologies lands $66m in debt and equity funding round

Volante Technologies raises $66 million in funding led by Sixth Street Growth. Wavecrest Growth Partners and Wells Fargo Strategic Capital also participate, bringing...

UK paytech Volt brings in former Stripe Europe CEO Matt Henderson as special advisor

Matt Henderson, a former executive at Stripe, Google, and Amazon, has been appointed as a special advisor to the board of UK paytech...

MPOWER Financing boosts lending capacity to over $300m with fresh debt funding

US-based fintech MPOWER Financing secures debt financing from Deutsche Bank, Goldman Sachs, and Värde Partners. Financing will enhance lending capacity to over $300...

PFM downturn continues as Status Money closes down

Personal finance app Status Money is closing its doors on November 10. Founded in 2016 by former Citi and Goldman Sachs bankers Majd...

Kash Baghaei joins expense management platform Jeeves as chief product officer

Kash Baghaei was appointed as Chief Product Officer (CPO) at Jeeves, a Mexico City-based expense management platform. Baghaei brings 20 years of experience...

DeFi BNPL start-up AtPay taps Pismo for card issuance

AtPay, a buy now, pay later (BNPL) solution, is gearing up for a soft launch in Australia. They've partnered with Pismo, a core...

Monzo hires Brolly founder Phoebe Chibuzo Hugh to lead its “charge into insurance”

UK challenger bank Monzo has hired Phoebe Chibuzo Hugh, founder and former CEO of Brolly, for its insurance industry expansion. Hugh aims to...

Tandem Bank co-founders team up to launch low-fee wealth management app Prosper

Tandem Bank co-founders Ricky Knox and Nick Perrett, along with ComitFS non-executive chairman Phil Bungey, have launched Prosper, a new London-based wealth management...

Aussie SME lender Earlypay acquires Timelio’s $40m loan portfolio and assets

Earlypay acquired Timelio's assets and loan portfolio for approximately $3 million. Earlypay adds $40 million to its loan portfolio, including $35 million in...
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