Fintech and AI dominate MENA startup funding
RIYADH: Startup funding activity across the Middle East and North Africa region continues to show resilience, with fintech and artificial…
North West Mutual preps for 2027 UK launch
Preston-based North West Mutual (NW Mutual) is making significant progress toward becoming a fully licensed bank, with the company aiming…
Zilch names former Amex exec Boriana Tchobanova as COO
Zilch, a UK-based buy now, pay later (BNPL) fintech, has appointed Boriana Tchobanova as the company’s new chief operating officer…
Malaysia’s MBSB launches international remittance service powered by Wise Platform
Malaysia’s MBSB Bank, formerly Malaysia Building Society Berhad, has partnered with UK-based money transfer company Wise to launch Global Easy…
Citi to sell 25% stake in Banamex to Fernando Chico Pardo for $2.3bn
Mexican financier Fernando Chico Pardo has agreed to acquire Citi’s 25% equity stake in Grupo Financiero Banamex for around $2.3…
Revolut unveils £10bn global expansion strategy
Revolut has unveiled its international growth plans following the opening of its new global headquarters in London’s Canary Wharf this…
Stripe Valuation Reaches Record $106 Billion
Payments infrastructure FinTech Stripe’s valuation has reportedly reached a record $106.7 billion. That’s according to a report Tuesday (Sept. 23)…
Walmart’s PhonePe Targets $15 Billion Valuation in IPO
PhonePe, India’s largest digital payments company, is reportedly preparing to go public. The Walmart-backed company filed preliminary documents via the…
Mastercard announces latest cohort of fintechs joining its Start Path programme
Eleven fintech start-ups have joined Mastercard’s latest Start Path engagement programme, which enables companies to further develop their value proposition…
Crypto infrastructure platform Zerohash secures unicorn status with $104m round
Zerohash, a US-based embedded crypto and stablecoin infrastructure platform, has reached unicorn status following a $104 million Series D-2 funding…
Fnality raises $136m Series C to drive expansion
Fnality, a UK-based company using blockchain technology to enable instant wholesale payments between financial institutions, has raised £99.7 million ($136…
Finova appoints David Espley as new CTO
Finova, a cloud-based mortgage and savings software provider, has appointed David Espley as its new chief technology officer (CTO). In…
FinTech firm OnFinance AI secures $4.2m Pre-Series A
OnFinance AI, a generative AI platform designed for the banking, financial services, and insurance (BFSI) sector, has raised $4.2m in…
Tilt Raises $7.1M to Launch AI-Powered Direct Indexing Platform
Toronto-based Tilt, an AI-powered direct indexing startup, has raised $7.1 million in seed funding to bring institutional-grade portfolio personalization to…
Revolut ‘Actively Looking’ at US Banking Options
British FinTech Revolut has confirmed earlier reports of its American banking plans. The company is “actively looking” at whether to…
Plasma introduces first stablecoin-native neobank
Plasma, a Milan-based provider of stablecoin infrastructure, has unveiled what it claims is the industry’s first neobank specifically designed for…
Akru selects Tyl by NatWest as preferred payments partner for POS platform
Tyl, the card payment processing business launched by British bank NatWest in June 2019, has been selected by hospitality-focused tech…
Cardless bags $60m in Spark Capital-led Series C round
Cardless, a US-based credit card platform, has raised $60 million in a Series C funding round led by Californian VC…
Axos Bank acquires Verdant Commercial Capital for $43.5m
California-based digital challenger Axos Bank has acquired 100% of the membership interests in Ohio-based equipment leasing firm Verdant Commercial Capital,…
Tide raises $120m from TPG at $1.5bn valuation
Tide, the UK-based business management platform for small and medium-sized firms, has secured fresh backing as it continues its rapid…