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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Brazilian fintech Nomad secures $61m in fresh funding

Nomad, a Brazil-based fintech enabling Brazilians to open US bank accounts, has secured $61 million in a Series B funding round led by Tiger...

SEC hands fintech investment advisor Titan $850,000 penalty for misleading clients

The US SEC fines Titan Global Capital Management $850,000 for misleading investors with hypothetical performance metrics and compliance failures. FactsTitan Global Capital Management USA...

US fintech Stash names Chien-Liang Chou as new CTO

Stash, the US-based investing and banking app, has appointed Chien-Liang Chou as its new chief technology officer (CTO). FactsChien-Liang Chou is Stash's new CTO,...

Cynergy Bank lands £20m funding from British Business Investments

UK-based Cynergy Bank secures a £20 million Tier 2 capital facility from British Business Investments to accelerate its growth plans. FactsCynergy Bank has secured...

WealthKernel confirms Aqsa Tariq as new chief financial officer

Aqsa Tariq named Chief Financial Officer (CFO) of WealthKernel, a digital investment infrastructure provider. Tariq aims to enhance company growth through financial strategy execution....

ICYMI fintech funding round-up: Communion, CityPay & more

Weekly funding round-up featuring notable fintech funding announcements. FactsCommunion, a new savings app founded by Daniel Hegarty, raised £2.5 million in pre-seed funding. Investors...

Adyen shares tank following underwhelming H1 2023 results

Shares in Adyen have plummeted to a three-year low due to disappointing H1 2023 earnings, attributed to slower growth, increased competition, and hiring challenges. Facts...

SEC brings the hatchet down on Wall Street’s bad recordkeeping with $289m in fines

The US Securities and Exchange Commission (SEC) has fined 11 Wall Street firms a total of $289 million for widespread "off-channel" communications using personal...

Mastercard Strive India launches to help small businesses go digital

Mastercard has introduced the Mastercard Strive India program, targeting the digital transformation of 500,000 Indian small businesses by 2025, focusing on micro-enterprises, women-led businesses,...
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