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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CloudPay secures $120m funding round led by Blue Owl Capital

Funding Details:CloudPay secured $120 million in a funding round led by Blue Owl Capital, with additional participation from previous investors Hollyport Capital,...

US fintech Octane raises $50m Series E funding led by Valar Ventures

Funding Round:Octane, a New York-based fintech, secured a $50 million Series E funding round. The round was led by existing investors, including...

Pagaya set to acquire Silicon Valley’s Theorem Technology for an undisclosed sum

Here are the key points regarding Pagaya Technologies' acquisition of Theorem Technology:Acquisition Overview:US-Israeli fintech Pagaya Technologies has agreed to acquire Theorem Technology,...

Mexico’s Stori lands $212m in mix of equity and debt financing

Funding Secured: Mexican fintech unicorn Stori has secured $212 million in a combination of equity and debt financing.Equity Financing: $105 million led...

Savvy Wealth bags $15.5m in Series A-2 funding round led by Canvas Ventures

Funding Round: Savvy Wealth, a US-based wealthtech firm, secured $15.5 million in a Series A-2 funding round led by Canvas Ventures. Total Series...

Houlihan Lokey names Andrew Atherton as new fintech managing director

New Position: Andrew Atherton has joined Houlihan Lokey as a Managing Director in its fintech group. Location: Atherton will be based in San...

Bilt Rewards elevates valuation to $3.25bn with new $150m investment

Funding Secured: Bilt Rewards, a New York-based loyalty fintech, raised an additional $150 million, following a $200 million round seven months earlier. Valuation:...

Credicorp Capital in Peru goes live with Temenos’ Multifonds

Here are the key points regarding Credicorp Capital’s implementation of Temenos’ Multifonds platform:Deployment: Credicorp Capital has launched the Multifonds platform from Temenos, using...

BCI sells majority stake in Hayfin to Arctos Partners

BCI to Sell Majority Stake in Hayfin Capital Management to Arctos Partners Key Points:Sale Agreement:British Columbia Investment Management Corporation (BCI) has agreed to...
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