Funding

FCA Announces Second Cohort for AI Live Testing Initiative

New phase aims to improve integration of AI in financial services.Highlights: FCA launches second cohort for AI live testing.Focus on enhancing AI integration in financial services.Participants will explore regulatory...

Cab Payments Strengthens Case Against Helios Blocking Takeover Bid

Cab Payments contests Helios Investment's actions regarding merger talks.Highlights: Cab Payments accuses Helios of blocking a crucial takeover...

Ex-Stripe Team Secures $75 Million to Boost Operations Platform

Funding aims to enhance operations for businesses in various sectors.Highlights: Ex-Stripe founders raise $75 million for operations platform.The...

Government Advances Reforms to Secure UK Payments Sector

New initiatives aim to enhance the resilience and efficiency of the payments landscape.Highlights: UK government proposes new reforms...

WealthCom Secures $65M Funding Boost for Expansion

The investment aims to enhance service offerings and accelerate growth.Highlights: WealthCom raises $65 million in Series B funding.New...
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Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO

Key Points:New CEO Appointment:Stefan Bollinger appointed as CEO, starting "no later than 1 February 2025". Bollinger is currently an executive at Goldman...

UK money management app Plum raises £16.1m investment

Key Points:New Investment:Plum secured a fresh investment totaling £16.1 million. Investment includes a £13.4 million Series B funding round and £2.7 million...

Egypt’s MNT-Halan raises $157.5 million, plots regional expansion

Key Points:Funding Sources:International Finance Corporation (IFC): $40 million Other Investors: Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners...

B2B paytech Slope lands $65m equity and debt funding led by JP Morgan

Key Points:Investment Details:Total Investment: $65 million Led by: JP Morgan Payments Participants: Y Combinator, Jack Altman (Alt Capital), Max Altman (Saga Ventures)...

US fintech Coast bags $40m Series B for product, partnership and team expansion

Key Points:Investment Details:Total Raised in Series B: $40 million Lead Investor: ICONIQ Growth New Board Member: Yoonkee Sull (General Partner at ICONIQ...

Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing

Meridien Acquires 27% Stake in DKK PartnersAcquisition Details:Acquirer: US-based holding company Meridien Stake Acquired: 27% of DKK Partners Transaction: In exchange for...

ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more

ICYMI Funding Round-Up: Latest Fintech Funding NewsDopayAmount Raised: $13.5 million Series A extension. Lead Investor: Argentem Creek Partners. Purpose: Expansion in Egypt,...

US fintech Aven’s valuation tops $1bn with latest $142m Series D capital raise

Summary of Aven's Series D Funding and Expansion PlansCompany: Aven, a credit solutions start-up based in San Francisco, US. Series D Funding: $142...

Brazil’s Matera lands $100m investment from Warburg Pincus

Summary of Matera's $100 Million Investment from Warburg PincusInvestment Details:Total Amount: $100 million. Investor: Warburg Pincus, a New York-based private equity firm. ...
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