Funding
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...
FinTech
Axoni raises $20m in equity funding round led by EJF Ventures
New York-based fintech Axoni has raised $20m in an equity funding round led by EJF Ventures, with participation from Laurion Capital Management and Communitas...
Banking
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...
Payments
MoneyGram names Seth Ross as new chief digital officer
MoneyGram has appointed Seth Ross as its new Chief Digital Officer to oversee the company's digital strategy and direct-to-consumer business.
FactsSeth Ross has been...
Business
Fenergo appoints new CFO and CRO to drive global expansion
Irish fintech firm Fenergo has made three executive hires, including a chief revenue officer, chief financial officer, and chief people officer.
FactsChris Zingo joins...
Business
Finaro taps MultiPay to boost payment acceptance in Nordics and UK
Global cross-border payment provider Finaro has teamed up with paytech firm MultiPay to offer a unified payment acceptance solution for merchants in the Nordics...
Payments
Cross-border paytech PingPong Payments nabs UK EMI licence
PingPong Payments, a US-based cross-border payments firm, has obtained an Electronic Money Institution (EMI) license from the UK Financial Conduct Authority (FCA), allowing it...
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