Sector Updates

Credit platform Koto said to raise £1.3m in its funding round

Koto has launched its services after reportedly closing a £1.3m funding round, as it looks to reach 50,000 users in the UK.

Lithuania hit by potential Russian cyberattacks

Computer hackers reportedly linked to the Russian state have attacked dozens of Lithuanian government and private organisations.
Kreditz secures €10m investment to expand credit scoring services

Kreditz secures €10m investment to expand credit scoring services

Swedish-based credit information startup Kreditz, a Nordic market leader in credit scoring and verification services, has recently raised €10m in its latest funding round.

Clearhaus gains UK license days after Brexit

Digital payments acceptance startup Clearhaus has reportedly received a license to offer its services in the UK.

Online fraud rises 23% in one quarter as people move online

Online card fraud has increased by 23% in the past quarter as more people use online transactions.

Financial services firm PCI fined $1.5m by CFTC for failing to prevent and alert...

The US Commodity Futures Trading Commission (CFTC) has slammed the financial services firm Philip Capital Inc. (PCI) with a $1.5m fine for letting hackers compromise the company's systems and for failing to disclose the hack to customers.
10x Banking secures strategic investment, forging ahead in core banking innovation

10x Banking secures strategic investment, forging ahead in core banking innovation

10x Banking, a transformational player in the FinTech industry, has closed a fresh round of investment.
fintech-news

Icon Solutions forms GDPR partnership with Digital Control Room

With the deadline for GDPR looming closer, Icon Solutions, a payments technology provider, has partnered with RegTech business Digital Control Room.

CRED said to raise $80m in round that values it at $800m

CRED, which provides consumers with rewards for paying their credit card bills, has reportedly closed a new funding round on $80m.

GoCardless set to acquire open banking platform Nordigen

GoCardless, a leader in direct bank payments, is set to purchase open banking data provider Nordigen for an undisclosed fee.

News Stories

Paystand, the global leader in blockchain-enabled B2B payments, has acquired Teampay, an industry-leading spend management software.

Paystand acquires Teampay to redefine B2B payments

Paystand, the global leader in blockchain-enabled B2B payments, has acquired Teampay, an industry-leading spend management software.
KYC

Unlocking front office potential: The shift from manual KYC to automated processes

The role of front office staff is crucial in driving revenue, yet the burden of KYC onboarding can significantly impede their productivity. Transitioning from...
Dripos

Dripos raises $11m to revolutionize coffee shop management

Dripos, a trailblazer in the FinTech sector focused on coffee shops, has announced a significant financial milestone, securing $11m.
Dropzone

Dropzone AI secures $16.85m in Series A to boost cybersecurity operations

Dropzone AI, a pioneering cybersecurity company, has successfully secured $16.85m in Series A funding round.
Elavon, a prominent global payments provider, announces an expanded collaboration with FreedomPay to transform payments for hospitality and retail in Europe.

Elavon and FreedomPay partner to transform hospitality and retail payments in Europe

Elavon, a prominent global payments provider, announces an expanded collaboration with FreedomPay to transform payments for hospitality and retail in Europe.

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