Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a significant stake in Sokin, a UK-based business payments start-up.
Transaction led by Morgan Stanley Expansion...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...
Banking
Swiss wealth manager Julius Baer names Goldman Sachs exec Stefan Bollinger as new CEO
Key Points:New CEO Appointment:Stefan Bollinger appointed as...
Banking
UK money management app Plum raises £16.1m investment
Key Points:New Investment:Plum secured a fresh investment...
Banking
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:Lifted Restrictions:The FCA has lifted the...
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Cash App to exit UK as Block scales back international expansion plans
Summary of Cash App's Exit from the UK MarketCompany: Cash App, a division of Block (formerly known as...
Former KeyBank digital chief Jamie Warder joins Alliant Credit Union as CIO and business strategy lead
Summary of Alliant Credit Union's New CIO AppointmentCompany: Alliant Credit Union.
New CIO: Jamie Warder.
Position Start Date:...
Merrco Payments rebrands to KORT Payments with new managing team led by Paysafe founders
Summary of Merrco Payments' Rebranding to KORT PaymentsCompany: Merrco Payments, a Canadian fintech.
New Brand Name: KORT Payments.
...
US fintech Aven’s valuation tops $1bn with latest $142m Series D capital raise
Summary of Aven's Series D Funding and Expansion PlansCompany: Aven, a credit solutions start-up based in San Francisco,...
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Argentinian fintech start-up Tapi bags $22m Series A led by Kaszek
Tapi secures $22 million Series A funding:Led by Brazilian VC firm Kaszek
Participation from Californian VC Andreessen...
US regulators fine Citigroup $136m for “insufficient progress” towards compliance with 2020 consent order
Fines Imposed:The Office of the Comptroller of the Currency (OCC) and the Federal Reserve Board fined Citigroup...
TBC Bank Uzbekistan lands $38.2m equity investment
Funding:TBC Bank Uzbekistan (TBC UZ) secured a $38.2 million equity investment from stakeholders.
TBC Bank Group, the...
Blockchain-powered clearing and settlement fintech Partior raises more than $60m in Series B funding
Funding:Partior, a Singapore-based fintech start-up, secured over $60 million in a Series B funding round.
The round...
DWS moves toward first German-regulated euro stablecoin
Company Launch: DWS, a German asset management firm, has launched a new company named AllUnity in collaboration with...
Nala Secures $40M Series A to Develop B2B Payments Platform and Expand Remittance Services
Nala: Remittance startup expanding to B2B payments.
Series A Funding: Raised $40 million, one of the largest in...
Jesse Pollak Explains Coinbase’s Launch of Base Blockchain at TechCrunch Disrupt 2024
Coinbase's Base Blockchain: Launched last year as Coinbase's own layer-2 blockchain, Base aims to significantly impact both Coinbase...
Adfin wants to fix bill payments for sole traders and small companies
Company Overview:Name: Adfin
Type: Fintech startup
Location: UK
Founders: Tom Pope (CEO) and Ciprian Diaconasu (CTO)
Funding:...
Uzbekistan mobile bank TBC raises $38.2M to expand its financial products
TBC Bank Uzbekistan Raises $38.2 Million for ExpansionInvestment Details:Total Raised: $38.2 million in equity investment.
Lead Investor:...
ICYMI fintech funding round-up: Lemon.markets, Trustap, Adfin, Accend and more
ICYMI Funding Round-UpLemon.markets:Amount: €12 million seed extension.
Lead: CommerzVentures.
Other Investors: Creandum, Lakestar, Lightspeed, Heliad, System.one.
Purpose:...
Intuit to cut 10% of workforce amid plans to boost investment in “key growth areas” such as AI
Intuit to Cut 1,800 Jobs: Key PointsJob Cuts Announcement:Intuit will cut 10% of its workforce, approximately 1,800...
Bain Capital to acquire US fintech Envestnet in $4.5bn deal
Bain Capital to Acquire Envestnet for $4.5 Billion: Key PointsAcquisition Announcement:Bain Capital will acquire US wealth management...
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