Goldman Sachs lends $125m to Mercado Credito as Latin American FinTech investments are booming

E-commerce giant MercadoLibre's credit unit Mercado Credito has strengthened its financial muscles thanks to a $125m loan from investment bank Goldman Sachs.

Automation Anywhere closes colossal $290m Series B

Automation Anywhere, a robotic process automation (RPA) solution provider has secured $290m in a colossal Series B round. The funding round brings its valuation up...

Aerospike rakes in $32m for Series D as it eyes international growth

Data solution developer Aerospike has raked in $32m for its Series D round which will help to expand its international presence.

Northzone closes $500m fund to invest into FinTech startups

The venture capital firm that has supported FinTech success stories like Klarna, Qapital and MarketFinance is gearing up to support another round of startups.

nCino announces expansion of its bank operating system with new AI-powered addition nIQ

Cloud banking business nCino is expanding its bank operating system with nCino IQ (nIQ), an artificial intelligence and machine learning-based solution to boost the overall customer experience.

Siren collects $10m in its Series A to help expansion into new markets

Siren, an investigative intelligence platform to help generate deeper insights, has scored $10m in its Series A round.

NLP developer Eigen Technologies nets $37m Series B

Eigen Technologies, a developer of natural language processing technology, has collected $37m in its Series B.

Juvo to help the unbanked through new partnership with DOCOMO

Juvo will combine its financial identity and credit lending capabilities with DOCOMO Digital’s payment platform as part of new partnership. to open offices in New York after funding round

Data science solution has scored $8m in both seed and Series A funding, allowing the startup to open offices in New York.

Monetary Authority of Singapore creates framework to support AI and data analytics adoption

The Monetary Authority of Singapore (MAS) is working with financial industry partners to establish a framework for financial institutions to promote the adoption of AI and data analytics.

News Stories

Mastercard invests in Doconomy to help consumers see CO2 impact their payments have

Mastercard has made an undisclosed equity investment into Doconomy, a startup helping consumers become more aware of their CO2 impact when making payments.

CyberGRX collects $40m in Series D as it looks to meet rising demands

Third-party cyber risk platform CyberGRX has collected $40m in its Series D round which was led by ICONIQ Capital.

OCC names cybersecurity as key risk for federal banking system

The US’ Office of the Comptroller of the Currency (OCC) has named cybersecurity and technology management as a key emerging risk.

Starling Bank in hot waters after having only lent 1% of the total amount...

When Starling Bank was granted funding from Royal Bank of Scotland, the challenger bank promised to lend £913m to SMEs by 2023.

Encompass and Pegasystems to boost mutual customers support

KYC solution Encompass has partnered with digital transformation company Pegasystems to help mutual customers streamline customer onboarding.