AI
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
ICYMI Funding Round-Up
CarryFunding: $10 million Series A
Lead Investor: Accomplice VC
Valuation: $65 million pre-money
Purpose: Hiring, R&D initiatives
Additional: Opened $1 million...
Banking
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
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International Partnership
Entities: Diamond Trust Bank (DTB, Kenya) and Network International (digital payments company serving MEA region)
Key...
Banking
FCA lifts partner onboarding restrictions on UK fintech Modulr
Key Points:Lifted Restrictions:The FCA has lifted the temporary partner onboarding restrictions imposed on Modulr last October.Original Order:Modulr was ordered to...
Banking
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
Key Points:Funding Sources:International Finance Corporation (IFC): $40 million
Other Investors: Development Partners International (DPI), Lorax Capital Partners, funds managed by Apis Partners...
Banking
CFPB proposes new rule to include payday advances under Truth in Lending Act
Key Points:Proposed Rule:Payday loan advances would be brought under the same scope as consumer loans.
Fees associated with accessing earned wages early...
AI
B2B paytech Slope lands $65m equity and debt funding led by JP Morgan
Key Points:Investment Details:Total Investment: $65 million
Led by: JP Morgan Payments
Participants: Y Combinator, Jack Altman (Alt Capital), Max Altman (Saga Ventures)...
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