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Latest Results from /inclusion

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Monzo to consider reapplying for US banking licence - FT

UK-based neobank Monzo is reportedly set to resume its effort to break into the US banking sector.

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ECB taps Italian tech firms Almaviva and Fabrick to build digital euro app and infrastructure

The digital euro, issued and backed by the Eurosystem, aims to complement cash, enhance financial inclusion, and bolster Europe’s monetary sovereignty. The initiative is also seen as a strategic move to strengthen the EU’s technological autonomy and resilience against cyber threats and technical disruptions.

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Robinhood CEO calls tokenisation unstoppable 'freight-train'

It is inevitable that the entire financial market will be tokenised, according to Vlad Tenev, co-founder and CEO of online trading platform Robinhood

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ECB turns to AI startup for fraud detection for digital euro

The European Central Bank (ECB) has selected Portugal-based startup Feedzai to provide fraud detection and prevention for its digital euro.

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Viamericas raises $113.6m for remittance network

US-based remittance and international money transfer firm Viamericas has raised $113.6 million in a funding round led by Old National Bank.

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BritCard backlash: Fintech leaders warn against government monopoly on digital identity

Last week, UK Prime Minister Sir Keir Starmer announced a new digital identity scheme that would be mandatory in order to work in the UK. Dubbed BritCard, the new digital ID is intended to “combat illegal working while making it easier for the vast majority of people to use vital government services.” By ending the need for manual identity checks with paper-based records, the UK Government claims this will simplify applications for driving licenses, childcare and welfare, and streamline access to tax records.

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Kaia and Line to launch stablecoin superapp

Two Asia-based fintechs, Line Next and Kaia, have launched what is described as a stablecoin superapp, designed to facilitate cross-border payments.

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UK fintech Tide reaches unicorn status

A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn

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Kredete raises $22m to bring credit building and stablecoin-based remittances to African immigrants

Kredete has raised $22 million to help African immigrants in North America and Europe build credit and send remittances via stablecoin payments.

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Accion Ventures closes $61.6 million fund to invest in early-stage fintech

Non-profit group Accion International is boosting its investment initiative for seed stage fintech startups working on financial inclusion, raising $61.6 million from international investors.

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FCA’s targeted support proposal sparks debate on advice boundaries and consumer access

The UK's Financial Conduct Authority (FCA) has released rules for targeted support, which would allow organisations to provide guidance to specific consumers on financial products that would best suit them.

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Indonesia's Pintarnya raises $16.7m

Pintarnya, an Indonesian platform that helps users find jobs and also offers access to secured loans, has raised $16.7 million in Series A funding.