Investments

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...

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...

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...

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...

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...
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ICYMI fintech funding round-up: Bitlayer, Quartr, FutureMoney, Solifi and more

Bitlayer (Singapore) secured $9 million in a Series A extension, co-led by Polychain Capital and Franklin Templeton, following a $5 million seed and...

HSBC reportedly writes off remaining $5.8m stake in UK fintech Monese

HSBC Holdings has written off its remaining 5.4% stake in UK-based fintech Monese. HSBC acquired a minority interest in Monese for £35 million...

New UK fintech Covecta launches configurable AI platform

Covecta has launched a configurable AI platform designed to streamline critical activities for financial institutions' front-line teams. The platform serves commercial banks, insurers,...

Nexi Group lands €220m financing from the EIB

Nexi Group Secures €220M Financing: Italian paytech Nexi Group received €220 million in funding from the European Investment Bank (EIB) to support innovation...

Bank of America to open 165 new branches by end of 2026

Bank of America (BofA) plans to expand its branch network with 165+ new locations by the end of 2026. In 2023, BofA will...

Wealthtech start-up for women Propelle launches in the UK

Propelle is a London-based investment platform designed specifically for women to help close the gender wealth gap and empower women financially. Founded by...

Aussie debt collection fintech InDebted bags $41m Series C

InDebted, an Australian fintech, raised $41 million (A$60 million) in Series C funding. Existing investors Carthona, Reinventure, and Perennial, along with new backers...

India’s M2P Fintech reportedly on track to secure $80m funding round

New Funding Round: M2P Fintech is reportedly raising up to $80 million. Lead Investor: Helios Investment Partners is leading the round with a...

US transportation paytech AtoB raises $130m in equity and debt funding

Funding Details: AtoB, a payments solutions provider for the transportation industry, raised $130 million in Series C funding, a mix of equity and...
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