EmergeVest backs world’s first neobank targeted at women entrepreneurs

Hong Kong-based private equity firm EmergeVest has invested into Lucy, the world’s first neobank aimed at women entrepreneurs.

Jack Dorsey’s Square buys Afterpay in $29bn deal amid buy now, pay later boom

Twitter co-founder Jack Dorsey's digital payments platform Square has acquired Australian 'buy now, pay later' firm Afterpay to create an online payments powerhouse and help accelerate Afterpay’s growth in the US.

VNLIFE nets $250m Series B to further digital banking ecosystem development

Vietnam-based VNLIFE Corporation Joint Stock Company, which is building a digital banking ecosystem, has scored $250m in its Series B round.

African neobank Kuda inks $55m at a $500m valuation to take on incumbents

London-based, Nigerian-operating startup Kuda closed a $55m Series B co-led by Valar Ventures and Target Global at a valuation of $500m.

Socure releases industry first tools for its KYC solution

RegTech unicorn Socure has released new technology that extend the capabilities of its KYC solution, including a number of industry firsts.

BlackCloak pulls in $11m in its Series A funding round

BlackCloak, a cybersecurity platform to protect executives and high-profile individuals, has netted $11m in its Series A round.

Card issuing platform for developers Lithic valued at $800m with Stripes-led Series C

NYC-based card issuing platform for developers Lithic raised $60m in Series C funding, making the company a soonicorn.

API-based financial infrastructure provider Prime Trust pulls in $64m Series A

FinTech infrastructure and crypto custody firm Prime Trust is planning a major expansion of its services after a $64m Series A.

Card issuer Slice banks $10m debt funding from Northern Arc Capital

Credit card challenger Slice secured $10m in debt funding from multiple financial institutions like, Northern Arc Capital, Niyogin Fintech Limited, Credit Saison India, and Vivriti Capital to name a few.

Mercury becomes latest billion-dollar FinTech after Coatue-led $120m round

Mercury, a San Francisco-based digital banking outfit targeting startups, has raised $120m at a $1.62bn valuation in a Series B funding round.

News Stories

Microsoft underlines heightened concern from call centre ransomware scheme

Microsoft has claimed a ransomware campaign employing bogus call centers to trick victims into downloading malware may be more dangerous than previously thought.

Crypto banking platform Matrixport hits unicorn status

Matrixport, which claims to be one of Asia’s fastest growing digital asset platforms, has joined the unicorn club, after it closed a Series C round.

Flood insurance firm reThought Insurance bags Series A funding

reThought Insurance, a digital MGA aimed at the flood insurance market, has closed its Series A round on $15.5m.

India unveils new digital currency, Nigeria eyes e-currency launch in October 2021

India has introduced the e-RUPI, which is a cashless and contactless digital payment system to support the global shift towards digital payments.

Amazon slapped with record $887m fine for data privacy breach by EU agency

Amazon has been issued with a fine of $887m by a European privacy watchdog for breaching the bloc’s data protection laws.

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