Cloud9 nets $17.5m in new Series B funding round led by UBS

Cloud-based communications company Cloud9 Technologies has bagged $17.5m in a new investment round as it moves to meet the demand for flexibility for financial firms.

NBA All-Star Baron Davis joins $9m funding round of family-focused FinTech UNest

UNest, a FinTech helping parents to invest in their children’s future, has scored $9m in its funding round which will support the launch of its new features.

PictureWealth closes AUD $12m in late-seed round alongside acquisition of NEO Financial Solutions

Australia-based Picture Wealth, which is boosting the financial education of consumers, has closed AUD $12m ($8.2m) in its late-seed round.

Customers left “gutted” and in tears after neobank Tide halts Bounce Back Loans to...

UK challenger bank Tide has frozen the issuing of Bounce Back Loans for small businesses after its funding efforts fell through, leaving customers crestfallen and in tears.

Plum bags $10m in new funding round

European money management app Plum has raised $10m to fund the company's international expansion

Money management app Sync. said to raise $5.5m in its seed round

Account aggregation service Sync. has reportedly netted £5.5m in a seed funding round to support its European expansion.

Tandem Bank has acquired Allium Lending Group in a £60m deal

UK challenger bank Tandem Bank has acquired green lender Allium Lending Group as part of a £60m fundraising deal.

Starling Bank to launch new Kite card for kids

Starling Bank launching its new Starling Kite accounts for children is the latest example of a neobank trying to catch new customers when they are young.

Coronavirus drives rapid adoption of open banking

The Open Banking Implementation Entity (OBIE) has revealed that open banking users have more than doubled since January 2020.

Tide teams up with GoCardless to launch direct debit invoice solution

UK-based business banking platform Tide has inked a partnership with GoCardless, a global leader in recurring payments, to launch a invoice payments via direct debit service.

News Stories

How Ideagen’s three pillars have helped it become a major force in compliance

People, product and customers are Ideagen’s three pillars that have helped it become a tour de force in the compliance space, with it spanning 18 countries and 6,000 clients.

OpenEnvoy snags $6.5m to help companies avoid fraud

SaaS FinTech eliminating AP fraud with automation OpenEnvoy secured $6.5m led by Riot Ventures to expand its automated invoice auditing capabilities.

Ikano taps TruNarrative to support global fraud prevention strategy

Swedish bank Ikano has chosen UK RegTech platform TruNarrative to provide digital onboarding and fraud risk management services for its company.

SmartStream expands global reach with cloud-native AI service launch

Transaction lifestyle management provider SmartStream Technologies has boosted its global footprint with the launch of SmartStream Air version 3.

SumUp collaborates with ZSL on new contactless fundraising tech

UK-headquartered FinTech SumUp has partnered with the Zoological Society of London (ZSL) to develop a digital in-house fundraising technology to make contactless donations.
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