ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
Navro (formerly Paytrix) secures $14 million in an internal funding round led by Bain Capital and Unusual Ventures. The London-based digital payments firm...
Barclays acquires Tesco Bank for £600m
Barclays Bank is set to acquire the retail banking business of UK supermarket Tesco for £600 million.
The deal includes taking over Tesco's...
Jennifer Taylor joins Plaid as the company’s first president
Plaid, the open banking fintech, has appointed Jennifer Taylor as its first president.
Taylor, former Chief Product Officer at Cloudflare, brings extensive experience...
Germany’s Commerzbank taps Surecomp to revamp trade finance back office
Commerzbank has chosen Surecomp, a Canadian trade finance solutions provider, to automate its trade finance business's back-office processing capabilities.
The Frankfurt-based bank has...
India’s Juspay acquires LotusPay to enhance payment capabilities
Bengaluru-based Juspay has acquired LotusPay, a recurring payments solution provider, in an all-cash deal to enhance its offerings for the BFSI (banking, financial...
New private bank Volans gears up for launch in Australia
Volans, a new private bank set to launch in Australia in May, aims to improve banking for high-net-worth customers by integrating advanced AI...
Pagaya secures five-year $280m credit facility led by BlackRock
Fintech firm Pagaya Technologies has secured a $280 million credit facility led by BlackRock, with participation from Israel Discount Bank, UBS O’Connor, JP...
Worldline to cut workforce by 8% with €200m cost-saving initiative Power24
Paris-listed payments firm Worldline plans to cut its global workforce by approximately 8%, resulting in the termination of around 1,400 positions.
The initiative,...
Fat Zebra bolsters CDR capabilties with acquisition of Aussie open data platform Adatree
Australian payments processor Fat Zebra has acquired Sydney-based Adatree, a platform for the Australian Consumer Data Right (CDR).
Adatree's platform allows companies in...
