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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...

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