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Latest Results from /startups

/startups

Egypt's MNT-Halan hits unicorn status

Private investing firm Chimera Abu Dhabi has bought a 20% stake in Egyptian fintech MNT-Halan for $200 million.

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Climate-tech outfit Greenspark raises £1m

Climate-tech startup Greenspark has raised £1 million in a seed funding round led by Fuel Ventures.

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Tech Nation to wind up operations

The UK's Tech Nation is shutting up shop after the loss of its £12.09m Digital Growth Grant to Barclays Bank.

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LexisNexis Risk Solutions and Finextra Research partner for Trust:Live 2023

LexisNexis® Risk Solutions and Finextra Research will be hosting Trust:Live 2023, an exclusive in-person event for all fraud and identity decision makers that brings together industry leaders, experts and innovators to discuss the latest challenges in establishing trust to protect customers, defend brands, or meet the needs of evolving business models

/startups

Unbanx app enables consumers to realise the value of their banking data

Irish fintech Unbanx has launched an open banking tool that enables consumers to share their transactional data with popular brands in return for points-based rewards.

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Marqeta makes first acquisition, buys Power Finance for $275 million

Card issuing fintech Marqeta is to acquire credit card programme management platform Power Finance for $275 million in cash.

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Dubai Investments buys stake in UK digital bank Monument

Dubai Investments has acquired a nine per cent stake in Monument, a digital banking startup targeting the UK's mass affluent market. Terms were not disclosed.

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HelloGold shuts up shop; Luno cuts 330 jobs

The bad news continues to roll in for the bruised fintech sector, with Malaysian savings app HelloGold the latest to throw in the towel and cryptocurrency platform Luno slashing 35% of its workforce.

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Regtech Salv raises €4m

Salv, a regtech startup startup founded by a gaggle of former Wise and Skype staffers, has raised €4 million in a seed round extension led by ffVC and joined by G+D Ventures.

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Sandbar raises $4.8m for transaction monitoring software

New York City-based fintech startup Sandbar has launched its anti-money laundering, fraud and counter-terrorism risk detection software off the back of a $4.8 million seed round.

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Ex-Plaid product lead launches e-commerce payment processing platform

Wafi, a startup founded by former Plaid product lead Victor Umunze, has launched its payment processing platform for e-commerce businesses.

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B2B BNPL platform Tranch raises $100 million in debt and equity

Tranch, a buy now, pay later platform for SaaS sellers and services providers, has raised $100 million in seed equity and debt funding.