MoneyGram steps back from partnership with Ripple over SEC lawsuit
Remittance firm MoneyGram suspends trading on Ripple’s payment platform, RippleNet, citing the ongoing $1.3bn lawsuit filed by the U.S. Securities and Exchange Commission (SEC).
French digital startup Memo Bank raises ?20m
FinTech Memo Bank has raised ?20m in a Series A round led by BlackFin Capital.
Mercury Financial closes on warehouse facility in its financial inclusion mission
US-based financial inclusion technology company Mercury Financial has closed a $400m warehouse facility.
Pine Labs banks $285m at $3bn valuation to scale its merchant commerce platform
India-based FinTech unicorn Pine Labs raised $285m in a new round of funding which valued the firm at $3bn.
Arex secures €8.8m Series A to speed up UK, Spain rollout
Spanish invoice finance firm Arex Markets has bagged $8.8m in a Series A funding round that has enabled it to accelerate its launch in the UK and Spain.
American Express acquires small business loans FinTech Kabbage
American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.
Divvy secures $1.6bn valuation on the back of $165m Series D
Expense management platform Divvy has closed a $165m Series D round at a valuation of $1.6bn.
Resolute Ventures returns with fourth fund, just 19 months after Fund III close
Resolute Ventures is back with its second fundraise in 19 months through the launch of a new vehicle eyeing up to $75m.
Singapore-based Jenfi raises $6.6m for growth capital
Jenfi, a Singapore-based FinTech startup, specialises in providing online businesses with revenue-based financing.
Vietnamese FinTech app for rural markets MFast banks $1.5m in pre-series A
FinTech startup MFast raised $1.5m in a pre-series A funding led by Do Ventures.
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