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ESG FinTech Watershed raises $100m, hitting $1.8bn valuation


The Series C round brings Watershed’s valuation to $1.8bn. This significant injection of capital comes courtesy of lead investor Greenoaks, with notable contributions from Kleiner Perkins, Sequoia, and several other existing stakeholders. At its core, Watershed’s mission is to hasten the progression of the climate economy. The firm operates with a heightened sense of urgency

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Insurity launches AI-powered solution to revolutionise decision-making for P&C insurance carriers


Utilising Insurity’s analytics solutions grants carriers an enhanced level of reliable insights into their portfolios, facilitating heightened segmentation and improved loss ratios. The flagship offering of the solution, known as Insurity Predict, harnesses the power of AI to elevate predictive analytics and modelling capabilities, delivering a substantial enhancement in loss ratios and instilling credibility in

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Victory Park Capital strengthens alliance with Zip


Victory Park Capital Advisors, an established credit manager and global alternative investment firm, has closed a refinancing agreement for a $225m debt facility with Zip, a renowned player in the digital retail finance and payments industries. This strategic financial collaboration is set to bolster Zip’s US receivables, marking a crucial step in the expansion of

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CollateralEdge empowers middle market with Phalanx Impact Partners’ significant FinTech funding


Phalanx Impact Partners, a pioneering investment firm with a focus on fostering positive environmental and community change, has recently announced a significant investment in CollateralEdge. The amount invested, though undisclosed, has been gathered from several investors with Phalanx Impact Partners leading the round. This infusion of capital is set to further propel CollateralEdge’s mission of

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PayGround Announces $19.7M Oversubscribed Series A Funding Round


PayGround, a healthcare fintech payments platform, today announced closing a $19.7M oversubscribed Series A financing led by SixThirty with participation from Rally Ventures, IA Capital Group, FCA Venture Partners and Plug and Play Ventures. The funding will bolster the company’s rapid expansion into hospitals and health systems, building on its success in the ambulatory market,

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Curve selects Nuvei to facilitate international expansion


Nuvei Corporation, a Canadian FinTech company, has selected Curve, a financial super app that consolidates your cards into a single smart card, to provide card purchasing and alternative payment methods (APM) to transfer consumer funds to and from their Curve digital wallet. Nuvei’s comprehensive, customizable and flexible payments technology enables FinTech applications and card issuers

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Credit Unions Benefit from Advanced Functionality and Expanded Capabilities with Fiserv Core Platform Enhancements


Fiserv, Inc., the world’s leading provider of financial services and payments technology solutions, continues to enhance its core banking platform to deliver greater agility, fundamental resilience better infrastructure and greater scalability, enabling innovation and growth for credit union customers. One of many Fiserv cloud platforms, Fiserv Portico® enables credit unions to operate more efficiently while

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Globacap raises $21m Series B to digitise private capital markets


Capital markets technology company Globacap has completed a $21 million Series B funding round with the aim of digitizing and automating the global private capital markets. Investors include financial markets heavyweights Moore Strategic Ventures, LLC, Cboe Global Markets, Inc. and the Johannesburg Stock Exchange (JSE), as well as GABI Ventures and Asia-focused investment firm QBN

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Stax Payments Acquires APPS, Expands Technology Stack to Offer Bespoke End-to-End Payment Processing Experience


Stax Payments, a leading payment technology provider, today announced the acquisition of Atlantic-Pacific Processing Systems (APPS), creating a seamless end-to-end payment processing platform . The APPS integration marks a significant expansion in Stax’s technology stack, providing partners and merchants with flexible and customizable options for their payment processing needs on one cohesive platform. final, unique.

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NMI acquires Sphere’s commercial division to expand underwriting capabilities


NMI, a wholly owned commerce enablement technology company, has acquired the commerce division of payments software and technology company Sphere. The acquisition will strengthen NMI’s underwriting and risk management capabilities and enable NMI’s partners, including independent software vendors, independent sales organizations and FinTech innovation, creating merchant accounts within the existing NMI platform. “The addition of

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Moniepoint enters Nigeria’s personal banking market


Moniepoint Microfinance Bank, a business banking platform in Nigeria, has announced plans to enter the personal banking market by launching a consumer and debit card app. Moniepoint Microfinance Bank, another subsidiary of Moniepoint Inc., will extend its trusted banking infrastructure from the businesses it serves to its customers and employees. Millions of people will benefit