London
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
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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,
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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
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eToro Partners OpenPayd to Enable Instant Deposits and Withdrawals Across Europe
Social investment platform eToro has partnered with banking infrastructure provider OpenPayd to provide eToro’s European customers with instant withdrawals and deposits. OpenPayd will allow eToro to issue virtual International Bank Account Numbers or IBANs unique to each customer, and give
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Revolut is Now a Fully Registered Crypto Service Provider in the UK
Digital money app Revolut has been approved by the United Kingdom’s Financial Conduct Authority (FCA) to offer cryptocurrency products and services in the country. The company was previously providing crypto buying, selling and trading services under the the FCA’s temporary
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Finastra Integrates With Visa Direct for Cross Border Payouts
Financial services software and cloud solutions provider Finastra and Visa will co-develop new functionality to enable banks and financial institutions to offer their SME and individual clients cross-border payout solutions in multiple currencies and countries. The collaboration integrates Finastra’s Payments
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UK Fintech Monese Secures US$35M Investment From HSBC Ventures
UK-based money app Monese has received a US$35 million investment from HSBC Ventures, bringing the total amount it has raised so far to US$208 million. The investment is said to be part of a broader strategic partnership that focuses on
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Wix’s UK-Based Merchants Can Now Pay With Vyne
Account-to-account payments platform Vyne entered a new partnership with web development platform Wix that gives Wix’s UK-based merchants access to Vyne’s open banking payments infrastructure, enabling them to offer their customers the ability to pay directly from their mobile banking
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UK’s First Digital Promissory Note Transaction
Lloyds Bank has completed the UK’s first transaction utilising a digital promissory note (DPN) purchase. This landmark transaction dramatically increases speed of payment and paves the way for a significant increase in the use of promissory notes for a broad
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Berlin and London Named Amongst Europe’s Top 5 Fintech Hubs
Deep Ecosystems, a Germany-based accelerator for ecosystem projects, have released its 7th edition of the Startup Heatmap Report, ranking Europe’s top 50 most popular startup hubs in the continent. The ranking is based on a survey that polled more than
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