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HSBC buys Silicon Valley Bank UK

The collapse of the US bank Silicon Valley Bank (SVB) HSBC has bought its UK subsidiary, SVB UK, for £1. Customers and businesses who have deposited funds into SVB UK will have normal access. Taxes were irrelevant. “Continue to bank as usual, safe in the knowledge that their deposits are backed by the strength, safety
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Starling Bank Reveals Location Of New Northern Base As Headcount Swells

Starling Bank has chosen Barings’ Landmark in Manchester to locate its new office in the North. The digital bank intends to create up to 1,000 new jobs for the region to fill roles across the enterprise, including operations, engineering, data science and cybersecurity. The digital lender, which now has 2,500 employees in London, Cardiff, Southampton
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Citi Foundation Announces Inaugural Global Innovation Challenge To Empower Nonprofits Improving Food Security Around The World

The Citi Foundation announced the first-ever Global Innovation Challenge to help scale the impact of nonprofits around the world developing innovative solutions to improve food security. This first challenge will provide a total of $25 million to 50 organizations to support piloting or scaling up ideas and projects designed to address this issue and strengthen
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IDT Introduces Zendit, A Global Prepaid-as-a-service Platform

IDT Corporation, a global provider of financial technology, cloud media and traditional media services, today announced the launch of its prepaid cloud platform as a service, Zendit. Zendit will be showcased at Mobile World Congress 2023 (MWC) in Barcelona, ​​Spain, from February 27 to March 2. With the Zendit platform, businesses of all sizes, entrepreneurs
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Vietnam’s Fintech GIMO lands $5.1 million Series A  

GIMO, a FinTech startup from Vietnam, has closed its Series A funding round with an investment led by TNB Aura. Other investors in the round include Resolution Ventures, ThinkZone Ventures, Integra Partners, Y Combinator and Blauwpark Partners. Founded in 2019, GIMO claims to strive to improve the financial lives of Vietnamese people in financial difficulty,
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Digital Bank Zopa Acquires BNPL Firm DivideBuy

Zopa Buy Now, Pay Later DivideBuy Apparel is the first acquisition in a $75 million campaign raised earlier this year. DivideBuy allows merchants to offer customers interest-free payment options at the checkout. Buyers can spread the cost of their purchases over a period of two to twelve months from over 400 merchants. According to Zopa,
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Hightower Makes Strategic Investment in Bickling Financial Services

Hightower today announced that it has made a strategic investment in Bickling Financial Services, Inc., a registered investment advisory (RIA) firm based in Lexington, Massachusetts, with approximately $625 million in assets under development. administration and three offices statewide. Founded in 1984, Bickling Financial Services, Inc. (BFS) is a family business. Company founder Dorothy Bickling, Ed.
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Stripe In Talks To Raise $2.5 billion

STRIPE STORY HAS CREATED $2.5 BILLION Fundraising News 01.02.2023 12: 8 p.m. Stripe is in talks to raise $2.5 billion Stripe hits a massive $2.5 billion funding deal with existing investors that will value the payments giant between $55 billion and $60 billion, according to The Information. This increase would fall sharply from Stripe’s last