FinTech

New York State Mandates Stores to Accept Cash Payments

New legislation aims to protect cash transactions across the state.Highlights: New law requires New York stores to accept cash payments.Legislation aims to ensure access for all customers.Fines imposed for...

PRA Issues £2 Million Penalty to Bank of London for Integrity Failures

Regulatory body penalizes the bank due to integrity shortcomings.Highlights: PRA fines Bank of London £2 million for integrity...

HSBC Appoints First Chief AI Officer, Strengthening AI Leadership

The bank aims to enhance its AI strategy and innovation.Highlights: HSBC names its first Chief AI Officer to...

Revolut Reports Surging Profits as Growth Accelerates

The financial technology firm sees significant profit increases in its latest report.Highlights: Revolut's profits surged significantly in the...

SumUp Strengthens Merchant Services with In-App Investing Feature

The new feature aims to enhance financial flexibility for merchant clients.Highlights: SumUp introduces in-app investing for merchant clients.The...
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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...

Funding Circle appoints Coconut co-founder Adam Goodall as VP of product

Funding Circle Appointment:Adam Goodall appointed as the new Vice President of Product at Funding Circle. Goodall joins Funding Circle from Coconut, a...

ICYMI fintech funding round-up: January, Spade, Keyless and more

January Technologies (US Fintech):Raised $12 million in a Series B fundraise. Led by IA Ventures, with participation from existing and new investors. ...
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