Investments
FinTech
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 launched as Teciem.Apax Partners initiates spin-out to focus on fintech growth.Teciem...
FinTech
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...
FinTech
TSB Warns of Spike in Romance Scams Affecting Customers
The UK bank alerts clients about increasing incidents of online fraud.Highlights: TSB reports a significant increase in romance...
FinTech
Revolut’s Storonsky Strengthens Residency in UK After Filing Error
CEO Nik Storonsky clarifies residency status following administrative mistake.Highlights: Nik Storonsky corrects residency status following a filing error.Revolut's...
FinTech
PicPay Strengthens Position with $25 Billion Valuation in New York IPO
The Brazilian payments platform PicPay goes public, marking a significant milestone.Highlights: PicPay valued at $25 billion following its...
US earned wage access start-up Immediate bags fresh funding, expands credit facility
Alabama-based fintech start-up Immediate, which provides an earned wage access solution to enhance employees' financial wellness and break cycles of debt, has secured $16...
Settle secures $145m credit facility from Silicon Valley Bank
San Francisco-based Settle, a cashflow management platform for e-commerce and consumer brands, has secured a credit facility of up to $145 million from Silicon...
GAT Investment Bank taps Currencycloud for new app launch
GAT Investment Bank partners with Currencycloud to launch GAT Money, a global banking app, providing access to competitive FX rates and a cross-border collections...
NatWest chief exec Alison Rose steps down with immediate effect
Alison Rose steps down as the group chief executive of NatWest Group after discussing Nigel Farage's relationship with the bank with a journalist, admitting...
Dutch challenger Bunq lands additional €44.5m funding to fuel international expansion
Dutch neobank Bunq has raised €44.5 million in fresh funding, maintaining its valuation at €1.65 billion, and has raised a total of nearly €100...
Vietnamese fintech start-up Gimo secures $17m in Series A funding
Vietnamese fintech start-up Gimo has raised $17.1 million in a Series A funding round led by TNB Aura, with existing and new investors, to...
Bain Capital buys majority stake in India’s Adani Capital, invests $120m to boost growth
US-based private investment firm Bain Capital will acquire a 90% stake in India's Adani Capital and Adani Housing, bolstering the non-banking financial institution's growth...
The Bank of London formally submits application for EU banking licence
The Bank of London has applied for a European Union (EU) banking license and plans to invest €200 million in Luxembourg and the wider...
DBS Bank to sell majority stake in AXS to Tower Capital Asia
Singapore's DBS Bank is selling a 77.8% majority stake in AXS, a provider of electronic payment services, to Tower Capital Asia. The transaction is...

