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The board of directors of Finland-based Alisa Bank and the shareholders of PURO Finance have agreed on the combination of the companies through a share exchange.
digital banking, acquisition, SMEs, banks, fintech
Canada-based fintech company Nuvei has launched new Invoice Financing services integrated into enterprise resource planning (ERP) platforms.
financial services, e-invoicing, product launch, fintech
Internet Bank Bunq has announced the rise of EUR 29 million capital injection, as it made a net profit of EUR 53 million in 2023 via its increased interest income.
funding, investment, banking, online banking, mobile banking, digital banking, financial services, financial institutions
Nuvei Corporation has announced a definitive arrangement agreement to be taken private by Advent International via an all-cash transaction.
acquisition, payments , fintech, investment
Italy-based Azimut has set out plans to spin off part of its network of financial advisors, merge it into an independent digital bank, and look for outside investors.
investment, partnership, product launch, banking, online banking, mobile banking, digital banking, financial services, financial institutions
UK-based digital bank Monzo has signed up for 159, the phone service that connects individuals with their bank when they receive a suspect call on financial matters.
fraud management, fraud prevention, online banking, digital banking, online security
Latvia-based multi-asset firm Mintos has announced its intentions to introduce a crowdfunding campaign on Crowdcube, a European private market investment platform.
crowdfunding, funding, investment, financial services, wealth management
Uzbekistan-based digital services ecosystem Uzum has announced that it raised USD 114 million in funding, securing its unicorn status with a post-money valuation of over USD 1 billion.
funding, investment, BNPL, digital payments, digitalisation, SMEs, ecommerce
Digital bank Monzo has engaged in advanced talks to sell a USD 50 million stake to Singapore’s Government Investment Corporation.
funding, digital banking, acquisition, fintech, neobanks
Europe-based Open Banking service provider LUXHUB has announced the launch of its Payee Verification Platform, aiming to simplify the implementation of the VoP mandate.
online security, regulation, PSP, IBAN, digital verification, Open Banking
Digital wealth and payments business Mogo has announced a change to its treasury management strategy to include Bitcoin and Bitcoin ETFs.
cryptocurrency, treasury, digital assets, payments
Turkey-based financial technology company Papara has announced the acquisition of T-bank for an undisclosed amount, with the deal awaiting regulatory approval.
acquisition, online banking, digital banking, regulation
British multinational universal bank Barclays has decided to sell around USD 1.1 billion worth of credit card debt to private equity firm Blackstone.
credit card, partnership, acquisition, banks, equity
Capital One has announced its acquisition of US-based credit card issuer Discover Financial Services in an all-stock transaction valued at USD 35.3 billion.
acquisition, payments , online payments, mobile payments, digital payments, ecommerce
France-base digital payments company Worldline has announced it would cut its global workforce by 8% as part of its cost reduction plan.
payments orchestration, merchants, fraud prevention, SaaS, payment processing
UK-based fintech Fnality has announced its intention to expand its blockchain-based payment system in the US after its launch in the UK.
expansion, blockchain, payment system, crypto, banks
Germany-based financial institution Deutsche Bank has announced its decision to cut 3,500 jobs as part of its overall strategy to optimise efficiency and save costs.
banking, online banking, mobile banking, digital banking, financial services, financial institutions
France-based Credit Agricole Bank has announced that it acquired a 7% stake in payments company Worldline.
partnership, aquisition, banking, strategy, investment
Banking-as-a-Service (BaaS) and Embedded Finance enabler Ukheshe has acquired EFTCorp to expand its fintech presence in Africa.
acquisition, fintech, merger, BaaS, embedded finance
UK-based digital identity company Yoti has announced that it received GBP 12.5 million in debt funding from HSBC and GBP 7.5 million from existing shareholders.
funding, investment, identity verification, digital identity, fraud prevention