London

UK Launches 1Bio GBP Growth Stage Fintech Fund

UK FinTech Growth Partners announced that it will launch the FinTech Growth Fund, the first investment fund of its kind focussed on supporting growth stage FinTechs as they scale. With backing for the initiative already secured from industry leaders Barclays,

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SumUp Secures New US$100 Million Credit Facility

Global fintech company SumUp announced today that it has entered into a US$100 million credit facility with Victory Park Capital (“VPC”), a global alternative investment firm specialising in private credit. The credit facility will enable SumUp to provide advance payments

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Philippine Unicorn Gcash Banners Overseas Expansion at London Tech Week

Philippines’ financial super app, GCash, banners its global expansion at London Tech Week 2023, highlighting its mission of providing Filipinos access to financial services everywhere. At London Tech Week, PM Sunak hosted industry leaders which included GCash CEO Martha Sazon,

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TP24 Raises CHF 380M Debt Funding From Barclays and M&G Investments

Swiss Fintech TP24, (former Tradeplus24) has raised £345m (CHF 380m CHF) in debt funding from UK parties Barclays Bank and M&G Investments. The amount of £240m will be used for lending to SMEs in the UK and the Netherlands. Barclays

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SumUp Selects Form3 for UK Payments to Boost Growth

SumUp, the financial partner for over 4 million businesses worldwide, has selected Form3, the cloud-native account-to-account payments platform, to provide direct access into the UK Faster Payments Scheme (FPS) and Bacs Scheme to further enhance its business account offering for

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UK Real Time Payment Fintech Volt Closed $60M Series B Round, CommerzVenture Participates

Volt, a UK based infrastucutre-real-time payment company, announces that it has raised a $60 million Series B to fund expansion into new international markets such as APAC and the Americas – and support product development in existing markets across Europe,

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Backbase Acquires UK Digital Wealth Platform Nucoro

Backbase announced its acquisition of Nucoro, the UK-based digital wealth platform for an undisclosed amount. The acquisition will allow Backbase to incorporate Nucoro’s headless platform capabilities directly into the Backbase Engagement Banking platform, enabling its customers to launch digital end-to-end

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SumUp Enables JCB Card Acceptance for Its European Merchants

SumUp, a London-based global payments service provider, has tied up with Japan-based card scheme JCB International to enable the acceptance of JCB Cards across its European merchant network. The enablement of JCB Card will allow SumUp’s merchants in Europe, which

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Fabrick Acquires Mobile Payments Firm Judopay, Expands Footprint in the UK

Fabrick, an Italian open banking solutions provider, announces that it has acquired UK-based mobile payments company Judopay. Details of the transaction was not disclosed. This acquisition marks an important step in Fabrick’s expansion into the UK market. Judopay will continue

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UK Retirement Saving Fintech Raises $95m Series E Funding

Smart, a London-headquartered fintech in the global retirement savings market, announces it has closed its $95m Series E funding in a round led by Aquiline Capital Partners LLC , a private investment firm based in New York and London. Existing

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