London

UK’s Banked Gets US$15M Series A Extension to Fuel US Expansion

London-based payments company Banked has raised over US$15 million in a Series A extension round, led by global software investor Insight Partners, following a Series A earlier this year led by Bank of America. Citi, National Australia Bank Ventures, and

Read More

Klarna Launches Price Comparison Tool in the UK, Sweden and Denmark

Buy now, pay later (BNPL) solution provider Klarna has launched a new in-app price comparison tool to provide an alternative to Google or Amazon as a starting point for consumers’ online shopping journeys. Consumers will be able to view product

Read More

Charlotte Crosswell Appointed as Chair of UK’s New Fintech Hub CFIT

The UK’s newly established Centre for Finance, Innovation and Technology (CFIT) has named Charlotte Crosswell OBE as its first Chair, starting on 4 January 2023. Crosswell is the current Chair and Trustee of the Open Banking Implementation Entity (OBIE). Previously,

Read More

UK, Sweden Emerge as Best Fintech Ecosystems in Europe

In Europe, fintech activity is growing in virtually all countries, but performance and maturity levels are found to be the greatest in the UK and Sweden, the two countries that are now leading the region for the size of their

Read More

Wise Closes £300M Syndicated Debt Facility Led by Silicon Valley Bank UK

London-based global remittance firm Wise has closed a £300 million capital facility in a financing round led by Silicon Valley Bank UK, with six other banks participating. The syndicated facility, which was arranged by the bank’s corporate finance team, has

Read More

Moneyhub Kicks Off Fundraise With £40M From Legal & General, Lloyds Bank

Open finance platform Moneyhub has secured an initial £35 million in its latest funding round led by asset manager Legal & General and Lloyds Banking Group, with an additional £5 million debt facility provided by Shawbrook Bank. The investment will

Read More

Onfido Promotes Yuelin Li to Chief Product Officer to Lead Product Strategy

Identity verification platform Onfido has promoted Yuelin Li to Chief Product Officer to oversee product strategy and direction, and further establish Onfido’s category leadership in identity verification and fraud mitigation. Li has been instrumental in driving Onfido’s strategy, product vision

Read More

BNP Paribas to Acquire Currency Risk Management Company Kantox

French banking group BNP Paribas announced plans to acquire UK currency risk management company Kantox, building on the companies’ existing partnership which started in 2019. Kantox’s software solution helps companies automate their entire foreign exchange workflow, including risk analysis and

Read More

Railsr Raises US$46M Series C to Grow Its Embedded Finance Platform

London-based embedded finance platform Railsr, formerly known as Railsbank, has closed a US$46 million Series C led by Anthos Capital. The round comprised US$26 million equity, as well as US$20 million debt from Mars Capital. Existing investors Ventura, Outrun Ventures,

Read More

Toqio Raises €20M Series A to Expand to Spain and Other European Markets

Fintech solutions development platform Toqio has closed €20 million in Series A funding led by AlbionVC, with participation from Aldea Ventures, Seaya, Speedinvest, SIX Fintech Ventures, and several angel investors. The €20 million round includes a €1.3 million grant from

Read More