It has been an eventful year. Fintech is far from reaching the peak of 2021, and while 2022 is largely about resetting the funding environment, 2023 will be a year of recalibration for fintech companies. The good news is that large and midsize companies are more concerned than ever about the impact on their bottom
Canoe Intelligence (“Canoe”), the fintech company providing alternative investment intelligence to institutional investors, capital allocators, asset managers and asset services firms, today announced the close of a $25 million Series B funding round. The round was led by F-Prime Capital with participation from Eight Roads Ventures and other strategic investors. This funding will be used
Berkadia’s adoption of Rabbet’s platform is in line with its long-term commitment to investing in people and technology. With Rabbet, Berkadia FHA/HUD has doubled service capacity, improved processing time and developed information to better advise customers. “Rabbet is committed to providing the tools to service even the most complex areas of construction finance, including HUD
Lulalend, a South Africa-based digital lender catering to underserved small and medium-sized businesses (SMEs), has completed a $35 million Series B transformation funding round. (R600 million). Lulalend will use the capital to expand its business and fill South Africa’s persistent SME credit gap, estimated at more than $20 billion a year, according to the International
Eni and Nexi announce that they have signed an agreement to develop innovative electronic and digital payment services for Eni and Eni’s companies in Italy and Europe. The partnership implies that Nexi will be Eni’s key partner in the development of existing payment services, as well as in the identification and implementation of new solutions
What is IoT? A digital network of Internet-connected “things” that continuously share data and generate actions. It will have and is already beginning to have, a disruptive impact on the world around us through smart home technology. These “things” are everyday household items such as kitchen appliances such as refrigerators and ovens, car dashboards, smart
Global Screening Services (GSS) and Silent Eight have announced that following a competitive selection process, Silent Eight’s flagship AI technology will make punitive decisions on the GSS platform. By implementing Silent Eight’s (Iris) machine learning platform, GSS will evaluate false positives and detect real potential risks faster. The result will be a significant improvement in
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.
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
