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UK government takes aim at late payments laws

/startups

UK government takes aim at late payments laws

A new Fair Payment Code has been announced by the UK government to manage late payments that cost SMEs.

Former TSB boss Pester becomes chair of wealthtech startup Firenze

/startups

Former TSB boss Pester becomes chair of wealthtech startup Firenze

Former TSB and Virgin Money boss Paul Pester has taken on the role of chair at Firenze, a Manchester-based embedded finance startup that helps wealth managers offers customers loans secured against their investment pots.

Investing in Women Code backs UK female founders

/startups

Investing in Women Code backs UK female founders

Venture capital fund managers who have signed up to the Investing in Women Code are more likely to invest in female founders, according to a UK government report.

Revolut’s Storonsky sells $300 million in company stock

/startups

Revolut’s Storonsky sells $300 million in company stock

Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.

Fero launches embedded personalisation e-commerce tool in UK

/startups

Fero launches embedded personalisation e-commerce tool in UK

Dutch fintech Fero has launched their personalisation e-commerce tool, Checkout Companion, for Shopify-based businesses in the UK.

Outward VC raises £51 million fintech fund

/startups

Outward VC raises £51 million fintech fund

Outward VC, a London-headquartered early-stage venture capital fund, has closed on a £51 million fund to back early stages founders operating on the intersection of fintech and connected sectors.

Financial management app IN1 raises $6m

/startups

Financial management app IN1 raises $6m

IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.

FDIC hints at new bank reconcilement rules following Synapse failure

/startups

FDIC hints at new bank reconcilement rules following Synapse failure

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

Gen AI for compliance startup Sedric Ai raises $18 million

/startups

Gen AI for compliance startup Sedric Ai raises $18 million

Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.

UAE payments fintech Ziina scores $22 million Series A

/startups

UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Comun raises $21.5m for immigrant-focused neobank

/startups

Comun raises $21.5m for immigrant-focused neobank

Comun, a Latino-founded neobank for immigrants in the US, has raised $21.5 million in a Series A funding round.

UK climate fintech Zero secures partners ahead of launch

/startups

UK climate fintech Zero secures partners ahead of launch

Zero, a UK finance app targeting climate-active young Brits has signed up a host of technology partners ahead of its launch later this year.

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