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Colombia-based fintech Addi has obtained a USD 100 million credit facility from Victory Park Capital, with the funds assisting its financing of credit originators in the region.
funding, investment, partnership, BNPL, expansion, financial services
Nubank has considered shifting its legal base to the UK, an initiative that will mark an important step in Britain’s push to encourage more tech firms to move to the country.
expansion, banking, financial services, financial institutions
Wonder Group has agreed to acquire Grubhub from Just Eat Takeaway.com for USD 650 million, a reduction from the USD 7.3 billion valuation it held at the height of the pandemic.
acquisition, ecommerce, financial services, delivery, financial institutions
Payhawk, a provider of spend management solutions, has partnered with J.P. Morgan Payments to improve its payment services for enterprise clients in the UK.
partnership, payments , spend management, financial services
Supply chain fintech VoloFin has announced the rise of USD 50 million in order to provide Indian exporters with optimised access to trade finance.
funding, investment, banking, financial services, financial institutions
Santander has started to roll out its digital Openbank solution for customers and partners in the region of Mexico, including a new website and smartphone app.
expansion, product launch, banking, financial services, financial institutions
Atome Financial has secured a syndicated credit facility of up to USD 200 million, expected to accelerate financial inclusion in the region of Southeast Asia.
investment, funding, banking, financial services, financial institutions
Revolut has been authorised by the FCA to operate as an investment firm, allowing the fintech to expand its services and provide UK and EU clients with stock trading tools.
product launch, banking, financial services, financial institutions
India-based technology consulting firm LTIMindtree has extended its partnership with Nexi Group to improve the former’s core technology platforms and infrastructure.
partnership, digital payments, financial services, cloud services
Web3 money application Wirex has announced its partnership with Banking Circle in order to provide worldwide customers and firms with improved financial operations.
partnership, banking, financial services, financial institutions
Klara AI has announced its partnership with global fintech company Unlimit in order to launch a financial solutions specifically designed for women across the EU.
partnership, product launch, banking, financial services, financial institutions
Paymentology, a global issuer processor, has entered into a strategic partnership with albo to assist fintech growth in Mexico and solidify its market position across personal and business finance.
payments , fintech, financial inclusion, financial services, digital payments
TrueLayer has laid off roughly a quarter of its workforce in a single day, as part of an effort to cut down costs and become more profitable.
banking, Unicorn, Open Banking, financial services, financial institutions
NatWest Group has announced its partnership with NCR Atleos in order to optimise its self-banking channel and build a strong foundation for development.
Asset manager BlackRock has announced that it secured a commercial licence to operate in Abu Dhabi, with the move allowing the company to further expand its footprint.
crypto, financial services, expansion, artificial intelligence, crypto asset
The European Banking Authority (EBA), the regulatory agency focusing on addressing limitations in Europe’s banking sector, has announced the publication of two sets of guidelines for crypto and payment service providers.
PSP, crypto asset, cryptocurrency, regulation, financial services
The European Central Bank (ECB) has been debating whether to release a sensitive report underlining capital requirements for large EU lenders compared to US financial institutions.
regulation, banks, financial services, banking, lending
Mbank has signed an MoU with Meydan Management Services in order to facilitate corporate account opening processes for businesses in the region of the UAE.
Crypto.com has acquired Fintek Securities Pty Ltd. (Fintek), an Australian brokerage firm regulated by the Australian Securities and Investments Commission.
cryptocurrency, acquisition, expansion, financial services
Wave Money has chosen Amdocs, a software and services provider for the media industries, to upgrade its core platform with the Amdocs Digital Financial Services solution.
partnership, financial services, financial inclusion, payments , e-wallet