Mox bolsters banking offering with new BNPL service

Hong Kong virtual bank Mox has introduced a new buy now, pay later (BNPL) solution that can split purchase payments over a 36-month period.

Ex Virgin Money chief-founded FinTech Snoop hauls in $20m to fuel expansion

UK-based FCA-regulated money management app Snoop raised £15m ($20.87m) in Series A funding round to support global expansion.

Ritmo bags €13.8m seed funding to scale into new markets

Spanish FinTech firm Ritmo has raised €13.8m from a seed funding round led by JME Ventures.

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.

Catch bags Series A to enhance its independent worker-focused benefits app

Catch, a portable benefits platform for independent workers, has scored $12m in its Series A round, which was led by Crosslink Capital.

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.

Token driving UK open banking payments expansion, research finds

Market share statistics by CMA9 – the nine largest UK banks – has found open banking platform Token is driving the adoption of open banking payments in the country.

Goldman Sachs, Fiserv team to unveil B2B payments facility

US FinTech firm Fiserv and Goldman Sachs have introduced their first product offering from its ongoing strategic partnership.

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.

Invoicing app for creators Lumanu bags $12m in Series A funding

Lumanu has bagged $12m in its Series A funding round to help further the development of its platform that simplify payment collection for creators.

News Stories

Ransomware attacks climb dramatically in first half of 2021

A mid-year report by internet security company SonicWall has found the number of ransomware attacks in H1 2021 has already outperformed the entire year of 2020.

Abrigo capitalises on 30% revenue growth with fresh strategic investment

Abrigo, a provider of compliance, risk and lending services, has received a strategic investment from funds managed by Carlyle.

Nationwide unveils new bank cards for the blind

Nationwide Building Society has started issuing ‘dot and notch’ embossed and recycled bank cards for its blind customers.

Amplify closes its seed round to support its mission of driving wealth via insurance

Amplify Life Insurance, a provider of permanent life insurance, has collected $2.5m in its seed round.

Rapyd snares $300m Series E to accelerate growth and acquisitions

US payments network Rapyd has secured $300m from a Series E funding round led by Target Global.

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Last year large-scale breaches increased by 300%

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