Stephen Bird to exit Abrdn after four years as group CEO
Company: Abrdn, UK asset management firm.
CEO Departure: Stephen Bird is stepping down as group CEO after four years.
Announcement: Made following strategic...
Turkey’s Colendi reportedly raises $65m Series B funding led by Citi
Company: Colendi, a Turkish digital banking start-up.
Funding: Raised $65 million in a Series B round.
Lead Investor: Citi Ventures.
Supporting Investors: Hedef...
Climate fintech start-up Cloover secures $114m in seed funding round
Company: Cloover, a Berlin-based climate fintech.
Funding: Raised $114 million in seed funding (combination of debt and equity).
Investors:Led by Lowercarbon Capital.
...
FE fundinfo snaps up wealth management fintech Dericon
Acquisition Details:Acquirer: FE fundinfo, a UK-based financial data firm.
Target: Dericon, a wealth management fintech based in Frankfurt, Germany.
Acquisition Amount: Undisclosed....
Real estate investment management start-up Agora lands $34m Series B
Funding Details:Amount Raised: $34 million.
Series: B.
Lead Investor: Qumra Capital (Tel Aviv).
Additional Investors: Insight Partners and Aleph (UK-based).Company Overview:Founded: 2019.
...
UK challenger GB Bank lands £85m investment
GB Bank Secures £85 Million Investment: Key PointsInvestment Details:Total Investment: £85 million.
Investors:Hera Holdings: £40 million initially, with an additional £40 million...
JP Morgan Chase commits additional £40m to boost economic growth in the UK
Investment Details:Total Commitment: £40 million over five years.
Overall Investment Since 2019: £90 million.Focus Areas:Financial Health and Careers/Skills Development:Total Allocation: £24...
US fintech Yendo secures $165m in mix of debt financing and equity
Company Overview:Yendo is a US fintech offering the world’s "first-ever vehicle-secured" credit card.
Launched in 2022 and based in Dallas, Texas.Funding...
Monzo secures additional $190m funding from new and existing investors
Funding Round Details:Monzo, the UK-based digital challenger bank, has secured an additional $190 million in its latest round of funding.
The funding...
