Manulife Financial Corporation has announced its agreement to acquire a 75% stake in Comvest Credit Partners for US $937.5 million in upfront cash consideration. This strategic acquisition is set to significantly scale Manulife’s private credit capabilities, bringing together Comvest’s US $14.7 billion in assets and Manulife’s US $3.7 billion Senior Credit business to form an
OpenWay, the global powerhouse behind the acclaimed Way4 digital payment platform, has announced its official expansion into Francophone Africa, bringing its cutting-edge payment solutions and robust local service infrastructure to banks and fintech companies in the region. This strategic move underscores OpenWay’s commitment to advancing digital finance across the African continent by enabling financial institutions
XData Group, a European software development company specializing in banking technologies, has launched Comcora, a white-label Banking-as-a-Service (BaaS) platform created to empower both traditional banks and fintech startups with a streamlined pathway to offering modern digital financial services. Designed to minimize complexity and accelerate deployment, Comcora provides an adaptable and scalable solution tailored to the
ImageSource, Inc., the company behind the ILINX® intelligent automation platform, has introduced a new Indirect Cost Rate (IDC) Proposal Solution tailored specifically for the financial and regulatory requirements of Tribal Nations. Created in close partnership with tribal finance and grants management experts, this purpose-built solution is designed to remove the inefficiencies that have long challenged
ComplyControl, a UK-based provider of AI-driven compliance technology, has unveiled ComplyControl SafeStart — a specialized initiative aimed at supporting fintech startups across the EU and UK. This new program is designed to empower early-stage companies with the tools and guidance needed to establish trust, accelerate growth, and maintain regulatory compliance from the very beginning of
EquiLend has taken a major step forward in its mission to lead innovation in securities finance by acquiring Trading Apps, a front-office technology provider recognized for its advanced automation tools and modular trading solutions. These tools are widely adopted by top-tier securities finance desks around the world and are known for improving operational efficiency and
BMO has partnered with financial planning software provider Conquest Planning to introduce ‘My Financial Progress’, a new digital tool designed to help Canadians better manage and understand their finances. This feature is now accessible through BMO’s Mobile and Online Banking platforms and leverages Conquest’s advanced technology to deliver personalized financial guidance that adapts in real
Global fintech leader iCapital has raised over $820 million in its latest funding round, pushing its valuation beyond $7.5 billion. The financing was co-led by T. Rowe Price and SurgoCap Partners, with ongoing backing from existing investors Temasek, UBS, and BNY, and support from State Street. Founded in 2013, iCapital provides a comprehensive technology and
Unique AI, a vertical AI company, announced that it has successfully closed a $30m Series A funding round. Since its inception in 2021, the company has now amassed a total of $53m in investment. The latest funding round was spearheaded by CommerzVentures and DN Capital, with continued backing from early seed investors, including VI Partners
Swan, a company specialising in embedded banking, has raised €42m in a Series B funding round. The funding will support Swan’s mission to make embedded banking the standard across Europe. The company believes the industry is undergoing a major transformation, where financial services are becoming a key part of everyday business tools rather than standalone
Innovation is essential to ensure payments keep pace with consumer demand and to enable merchants to find new ways to engage and serve customers. However, to ensure that innovative new payment methods are introduced and their benefits are realized by both consumers and businesses, payment decision-makers are reluctant to take the plunge and adopt new
With two consecutive quarters of negative growth, we are by definition in a recession. The next question is, will it be light or heavy? While signs are currently pointing to a mild recession and a “light landing,” which is the ideal outcome, the advertising industry has taken a hit. Regardless of what we’re going through,
