Digital bank Zopa has raised £75 million in funding to drive its next phase of growth. Led by existing investors, the deal strengthens Bank Zopa’s unicorn position. This funding will be used to meet Zopa Bank’s growing balance sheet capital requirements and to support mergers and acquisitions that could begin as early as this quarter.
Introduction to Fintech as a Service (FaaS) Fintech as a Service (FaaS) is a business model that allows companies to outsource financial technology (fintech) services to third-party providers. This model provides companies with a more flexible and cost-effective way to access fintech services and improve their financial performance. Let’s explore Fintech as a Service and
UK-based FinTech Group Stubben Edge (the Company) today announced that it has received an additional investment of £5.6 million. This round was again oversubscribed and well received by existing and new shareholders, giving the company a pre-fund valuation of £175 million and a 75% increase over the funding round. before. This further demonstrates investor confidence
Barclays announced a strategy to expand its flexible banking formats, as it evolves its physical footprint to meet changing customer needs. Barclays Local offers live banking support in community locations and new banking modules across the UK. The plans include: Expanding Barclays Local by over 70 sites in 2023, in addition to 200 opened in
Many communications today, such as e-mail, calls, or text messages, are done wirelessly. But any business in the financial industry knows that efficiently receiving and processing physical packages is crucial to keeping your business running smoothly. Over 35 million packages are shipped every day and this number is only going to grow. In today’s world
Globaleye, an independent international wealth management consulting firm, today launched a new hybrid asset management solution that offers both hybrid and digital asset management advice. Globaleye 3.0 will fill the gap in the region for highly personalized and effective digital consulting. This innovative technology changes the way affluent clients interact with their wealth and financial
Worldline, a global leader in payment services, announces the expansion of its partnership with ING Bank N.V., the international Dutch bank. Worldline will handle the issuance and processing of debit and credit cards for ING in select countries, based on signed agreements over a period of years. As part of the expanded agreement, ING is
Truv has announced a partnership with Totem to enable automated direct deposit transfers through Truv’s authorized consumer data platform for all Totem customers. This partnership is one of many for Truv, where they are helping depository institutions take the direct deposit transfer process from days to seconds. In 2023, depository institutions will see a decrease
Trustly, the global payments platform for account-to-account (A2A) digital transactions, today announced the close of its acquisition of UK-based Open Banking payments platform EcoSpend UK, after being approved by the FCA. Trustly and EcoSpend together become the leading Open Bank payments company in the UK, providing connectivity to over 80 banks and reaching around 50
As the fintech landscape continues to evolve rapidly, a number of emerging trends are likely to shape the future of the industry in 2023. From financial health and digital banking to blockchain technology, there’s a lot to come. exciting opportunities that have the potential to revolutionize the fintech industry. Top FinTech Trends to Watch in
Lloyds Banking Group has invested £4m in Caura, a car app that consolidates all driving-related payments in one place. Caura’s iOS and Android apps promise to simplify driving-related payments for the 30 million UK motorists, who often have to use up to 10 apps and websites to manage their vehicles. their. Drivers receive relevant information
Salv, a regtech startup founded by a group of former Wise and Skype employees, has raised €4 million in an expansion round led by ffVC and with participation from G+D Ventures. Salv Bridge is a real-time crime-fighting collaboration platform that uses the collective power of the network to reduce non-compliance and financial crime. The GDPR-compliant
