South Korea’s Kakao Pay eyes majority stake in Siebert
South Korean fintech Kakao Pay has acquired a 19.9% stake in US-based financial services firm Siebert Financial Corp for approximately $17 million, with plans...
IOUpay goes into voluntary administration over suspected fraud
IOUpay, a Southeast Asian fintech company, has placed its parent company into voluntary administration with PwC Australia due to a significant fraud discovery. The...
Schroders slashes valuations of UK neobanks Revolut and Atom Bank
Schroders Capital Global Innovation Trust, which holds a stake in Revolut, has devalued its investment by 46%, suggesting that £12bn ($15bn) could be wiped...
Platform One snaps up £1bn worth of assets from SIPP operator Gaudi
UK-based investment platform Platform One has acquired Gaudi Trustees Limited, along with £1bn ($1.4bn) worth of assets managed by Gaudi Limited, a self-invested personal...
BMO Financial Group names Darrel Hackett as new US CEO
BMO Financial Group has appointed Darrel Hackett as its new US CEO, president and CEO of BMO Harris Bank and CEO of BMO Financial...
ID Finance bags $30m debt facility to boost growth in Mexico
Spanish fintech ID Finance has secured a $30 million debt facility from SR Alternative Credit to support its consumer lending business in Mexico. The...
Goldman Sachs mulls potential sale of BNPL fintech GreenSky
Goldman Sachs is considering selling its fintech lender and buy now, pay later (BNPL) provider GreenSky, which it acquired in September 2021 for $2.24...
Pennyworth CEO says banking authorisation is “in sight” as start-up plots growth
Pennyworth Financial, a financial planning app, is about to complete its bank application process, according to co-founder and CEO Jeremy Takle.
FactsPennyworth Financial was...
Credit card start-up Yonder bags £62.5m in equity and debt funding
Yonder, a UK-based credit card fintech, has raised £62.5 million in equity and debt funding through a Series A funding round co-led by Northzone...
