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UK Fintech Soldo Raises US$180 Million in Series C Funding Round Led by Temasek

Soldo, a London-based business expense automation platform, announced that it has closed a US$180 million oversubscribed Series C funding round. The fundraise was led by Temasek, a leading global investor headquartered in Singapore. The round includes new investors Sunley House

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Visa To Acquire UK Payments Startup Currencycloud

Visa has signed a definitive agreement to acquire London-based payments startup Currencycloud, Visa announced today. The acquisition builds on an existing strategic partnership between the two companies. Visa had led an $80 million investment round for Currencycloud at the beginning

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Open Banking Fintech Yapily Raises US$51 Million in Series B Fundraise

Yapily, a London-based open banking infrastructure provider, announced the first closing of its US$51 million Series B funding round led by Sapphire Ventures. Existing investors Lakestar, HV Capital and Latitude also participated in the round. With this new round of

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Revolut Raises US$800 Million in Series E Fundraise, Valuing It at US$33 Billion

Revolut, the financial superapp with more than 16 million customers worldwide, announced an US$800 million series E funding round, valuing the business at US$33 billion. The new funding round brings onboard two new investors, SoftBank Vision Fund 2 and Tiger

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Wise Makes Its Debut on the London Stock Exchange, Now Valued at US$11 Billion

Wise, a London-based remittance firm, has begun trading on the London Stock Exchange’s (LSE) main market through a direct listing. According to a statement by the LSE, this marks the first direct listing of a technology company in its history.

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UK Retirement Platform Smart Snaps up £165 Million in Series D Fundraise

Smart, the global retirement savings technology platform provider that powers the Smart Pension Master Trust, one of the ‘big four’ UK auto enrolment master trusts, has announced that it is concluding a £165 million Series D funding round. Chrysalis Investments

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Finastra Study: Banking-as-a-Service to Gain Massive Traction in the Next Year

According to a global study by Finastra, Banking-as-a-Service (BaaS) and inclusive banking services will have a significant impact on the industry over the next twelve months. While this trend is expected worldwide by 85 percent of the surveyed global financial

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UK’s Credit Scoring Platform ClearScore Secures US$200 Million Investment

ClearScore, a UK-based free credit scoring service and marketplace, announced that it has secured US$200 million from global equity investor Invus Opportunities, pushing its valuation to US$700 million. The investment is a mix of primary and secondary, with existing investors

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JPMorgan Chase to Acquire Robo-Advisor Nutmeg Ahead of U.K. Digibank Launch

JPMorgan Chase announced it has entered into an agreement to acquire U.K.’s digital wealth manager Nutmeg Saving and Investment Limited, subject to regulatory approval. The acquisition will complement the digital bank that is planned for launch in the U.K. later

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Wise Seeks to Be the First Tech Firm With Direct London Listing

Wise, a London-based remittance firm formerly known as TransferWise, is seeking the first direct listing of a technology company on the London Stock Exchange. The firm said that it has no plans to raise capital ahead of the listing. Reuters

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