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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SumUp secures $100m credit facility to expand merchant cash advance product

SME-focused fintech SumUp obtains a $100 million credit facility from Victory Park Capital to expand its merchant cash advance product, SumUp Cash Advance, enabling...

Naga integrates Rezolve AI into its social trading platform

German fintech Naga partners with London-based Rezolve to incorporate the AI platform Brain into its social trading app, enhancing user experience and providing real-time...

Singapore’s Endowus raises $35m as it eyes regional expansion

Singapore-based digital wealth platform Endowus secures $35 million in funding to expand its wealth management services in Singapore and Hong Kong, focusing on personalization...

Banque de France, ERAFP, Generali Group tap Iceberg Data Lab for ESG data solutions

Iceberg Data Lab, a provider of ESG data solutions, has gained three new prominent clients: Banque De France, Generali Group, and ERAFP, enabling them...

US insurtech start-up Lula raises $35.5m Series B funding

Miami-based insurtech Lula secures $35.5 million in a Series B funding round led by NextView Ventures and Khosla Ventures, aiming to broaden its market...

MSUFCU partners Nymbus for SMB “bank in a box” solution

Michigan State University Federal Credit Union (MSUFCU) has partnered with financial infrastructure provider Nymbus to offer digital tools for credit unions to serve the...

Credit card fintech Petal secures $200m debt facility from Victory Park Capital

New York-based fintech Petal secures $200 million debt facility from Victory Park Capital and a $20 million term loan facility from Trinity Capital, along...

HSBC joins forces with Tradeshift to launch embedded finance business

HSBC and Tradeshift have formed a joint venture to develop embedded finance solutions and financial services apps, aiming to enhance trade, e-commerce, and marketplace...

Nexi buys 30% stake in German PSP Computop

Founders of German payment service provider Computop, Frank Arnoldt and Ralf Gladis, sell 30% of the company's shares to Italian paytech firm Nexi Group,...
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