Banking
Bulgaria’s Paynetics acquires UK neobank Novus
Bulgaria-based embedded finance firm Paynetics has acquired Novus, a B-Corp-certified digital bank in the UK.
Novus, founded in 2020, is an "impact neobank"...
Banking
Twig enters liquidation, becoming latest UK fintech to shut down
UK circular economy fintech Twig, which secured $35 million in a Series A financing round two years ago, is entering liquidation.
Insolve Plus...
Banking
EBA addresses ESG and climate change risks with new proposed guidelines
The European Banking Authority (EBA) drafts new guidelines for managing ESG risks.
Active ESG factors, like climate change and social conflict, present challenges...
Banking
Ncontracts snaps up Quantivate for an undisclosed sum
Acquisition Announcement:Ncontracts, a US-based risk, vendor, and compliance management software provider, has acquired Quantivate.Strategic Move:Ncontracts aims to strengthen its position...
AI
Canapi Ventures reveals new $750m fund to support US fintech entrepreneurs
Canapi Ventures, a US-based VC firm backed by 70 American financial institutions, raises $750 million in its latest fund, bringing total assets under...
Banking
IDB Invest and IFC team up to launch the Amazon Finance Network
Amazon Finance Network Launch:IDB Invest and IFC collaborate to launch the Amazon Finance Network.
Announcement made at COP28 in the UAE.Network...
Banking
UAE fintech start-up Flow48 lands $25m pre-Series A funding
Funding Success: UAE-based fintech start-up Flow48 secures $25 million in a pre-Series A funding round.
Investors: The funding round involves a mix of equity and...
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