Banking
Moneybox’s valuation climbs to £550m with new £70m investment
Funding Secured: Moneybox raised around £70 million, boosting its valuation to £550 million, an 84% increase since 2022.
New Investors: London-based Apis Partners...
Banking
ICYMI fintech funding round-up: Authologic, Klasha, CardFlight, and Salt
Authologic Raises $8.2 Million in Series ALocation: Poland
Funding: $8.2 million Series A
Led by: OpenOcean, with support from YCombinator, Peak Capital, and...
AI
ICYMI fintech funding round-up: Abhi, Emerge, Diesta, and Axyon AI
Abhi Secures $15 MillionLocation: UAE
Funding: $15 million in credit financing
Led by: Shorooq Partners and Amplify Growth Partnership
Founded: 2021 in Pakistan
...
Banking
US fintech start-up CapWay shuts down
CapWay, a US-based fintech focused on financial inclusion, has shut down. The closure was announced by founder Sheena Allen on LinkedIn.
Founded in...
Banking
Nutmeg State Financial Credit Union taps Alkami for digital banking upgrade
Nutmeg State Financial Credit Union, the sixth-largest in Connecticut, has partnered with Alkami Technology to upgrade its digital banking services.
The credit union...
Banking
Klarna sells UK loan portfolio to hedge fund Elliott Advisors in £30bn deal
Klarna has signed an agreement with a subsidiary of Elliott Advisors (UK) Limited to sell “substantially all” of its short-term, interest-free product receivables...
Banking
Morocco’s CIH Bank taps Backbase for Engagement Banking platform
CIH Bank, based in Morocco, has partnered with Dutch digital banking provider Backbase to support its digital transformation.
The bank is deploying Backbase's...
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