Investments

Varo Financial Raises $123.9 Million in Funding Boost

The latest funding round strengthens Varo's financial position and growth plans.Highlights: Varo Financial secures $123.9 million in new funding.The investment will support Varo's growth strategy.Varo aims to enhance its...

NatWest to Shut 32 Branches, Tightening Its Retail Network

The bank aims to streamline operations amid changing customer habits.Highlights: NatWest to close 32 branches in a strategic...

Novum Secures UK Pension Fund Backing, Strengthening Fintech Growth

Funding supports expansion of innovative financial services in the UK.Highlights: Novum has received investment from a UK pension...

Apax Spins Out Finastra Treasury and Capital Markets Business, Strengthening Focus

Finastra's TCM unit now operates under the new brand Teciem.Highlights: Finastra's Treasury and Capital Markets unit has been...

TSB Warns of Spike in Romance Scams Amid Rising Online Fraud

Recent increase in romance scams targets vulnerable individuals.Highlights: TSB reports a dramatic increase in romance scams.Victims often lose...
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ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parafin, and more

ICYMI Funding Round-Up Summary:Cardea Corporate Holdings:Secured $15 million in convertible note financing. Funds will be used for strategic acquisitions and tech infrastructure...

UAE fintech Yuze bags $30m funding to propel expansion into new markets

Here is a summary of the key points about UAE-based fintech start-up Yuze securing a $30 million investment:Investment Details: Yuze, a fintech start-up...

Singapore-based wealthtech Syfe lands $27m Series C funding

Syfe Series C Funding Round Summary:Funding Secured: Syfe, a Singapore-based digital savings and investment platform, has raised $27 million in a Series C...

PayZen lands $32m equity investment and $200m credit warehouse in Series B round

Funding Announcement:PayZen, a US-based healthcare-focused fintech, secured $32 million in equity and a new $200 million credit warehouse in an oversubscribed Series...

Ohio’s first female-led bank Fortuna nears launch after raising $20.7m

New Start-Up Bank:Fortuna Bank, an Ohio-based start-up, is preparing to launch after securing $20.7 million in funding and receiving conditional approval from...

Setpoint bags $31m Series B funding to fuel research and development

Series B Funding:New York-based fintech Setpoint secured $31 million in a Series B funding round led by 645 Ventures.Participants:Other investors...

Banking Tech Awards 2024 nominations deadline extended to 6 September

Extended Nomination Deadline:The deadline for nominations has been extended to 6 September 2024 to accommodate delays due to summer holidays.Event Details:...

India’s Vayana secures $20.5m in Series D funding

Funding Details:Vayana secured $20.5 million in its ongoing Series D funding round, led by SMBC’s Asia Rising Fund. Additional participants include Chiratae...

ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more

Layer2 Financial:Funding: $10.7 million Series A. Investors: Led by Galaxy Ventures, with participation from Accomplice. Purpose: To drive market expansion, product development,...
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