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Checkout.com Raises US$1 Billion Series D, Now Valued at US$40 Billion

Checkout.com, a London-based payments solutions provider, raised US$1 billion in its Series D funding round at a valuation of US$40 billion. The firm has more than doubled its valuation since its US$450 million Series C a year ago. Primary investors

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Biometric Startup iProov Announces $70M Investment

iProov, a leader in online biometric face authentication announced a $70 million (USD) growth investment from Sumeru Equity Partners. Headquartered in Silicon Valley, Sumeru invests in technology firms with the potential to change the world, with a particular emphasis on

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Meniga Appoints Gunter Saurwein as New COO

London-headquartered global digital banking solutions provider Meniga has appointed Gunter Saurwein as its new COO to drive growth and performance. Saurwein will be based out of Meniga’s Stockholm office, and will also act as the CEO’s deputy, the company said.

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Checkout.com Appoints Meta’s Former Exec Meron Colbeci as New CPO

Checkout.com has announced the appointment of Meron Colbeci as its Chief Product Officer. Colbeci is the former head of consumer product management at Meta’s fintech product group Novi, and was a senior product leader at SoFi and PayPal as well,

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Klarna and GoCardless to Power Bank Debit Payments in the US

Global buy now pay later (BNPL) solution provider Klarna has partnered with UK-headquartered account-to-account payments solution provider GoCardless. The partnership will enable Klarna to provide bank debit payments to over 21 million US customers, a statement from Klarna said. More

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FNZ Acquires Appway to Provide Personalised Financial Solutions at Scale

London-based wealth management platform FNZ Group has agreed to acquire Zurich-headquartered client onboarding and servicing solution provider Appway. The deal is expected to close early in Q1 next year. Financial terms of the acquisition were not disclosed. This acquisition of

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Republic to Acquire Seedrs in US$100 Million Deal to Expand Its Europe Footprint

US-based private investment platform Republic will be acquiring European online private investment platform Seedrs for about US$100 million. The deal is expected to close in early 2022. The deal also saw participation from global institutional investment management firm Davidson Kempner

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London Stock Exchange Group to Acquire Quantile for US$364 Million

The London Stock Exchange Group (LSEG) will be acquiring financial services provider Quantile Group in a deal valued at GBP 274 million (US$364 million). The acquisition is expected to close in 2022. Quantile will support LSEG’s global OTC Derivatives clearing

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Thought Machine Earns Unicorn Badge with US$200 Million Series C Fundraise

Thought Machine, a London-based cloud-based core banking technology firm, has now achieved a unicorn valuation following the closing of its US$200 million Series C funding round. The round takes the total funding raised by Thought Machine to over US$340 million.

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Revolut Acquires Point-Of-Sale System Nobly to Expand Its Services Into Hospitality

London-headquartered fintech giant Revolut announced the acquisition of ePOS software provider Nobly POS to expand its offering to serve the restaurant and hospitality sectors. Nobly has developed a comprehensive ePOS system for the restaurant and hospitality industry enabling hospitality businesses

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