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Afin taps Thought Machine to launch digital bank for Africans in the UK

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Afin taps Thought Machine to launch digital bank for Africans in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, has picked Thought Machine as its core banking provider.

Fintech investment sector remains muted

/startups

Fintech investment sector remains muted

Venture capital investment in US fintech remains muted, hovering near a six-year low for the sector, as deal flow has shifted toward the early stage, according to a report from Silicon Valley Bank.

Afin Bank secures licence to serve African diaspora in the UK

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Afin Bank secures licence to serve African diaspora in the UK

Afin Bank, a digital lender created to help people from Africa living and working in the UK, is set to start offering mortgages and savings products after securing the regulatory green light.

Infinity Ventures closes $184m fintech fund

/startups

Infinity Ventures closes $184m fintech fund

Infinity Ventures, the early-stage fintech and commerce venture firm founded by PayPal veterans, has raised a $184 million Fund II.

LatAm payment startup Akua lands $4.3 million seed investment

/startups

LatAm payment startup Akua lands $4.3 million seed investment

Akua, a Latin American payments startup founded by former executives at Mastercard, dLocal, PayU, Jeeves and Pomelo, has secured a $4.3 million seed investment led by Propel and supported by Plug and Play, HTwenty, RallyCap, Flourish Ventures and ICventures.

Fintech funding bucks the downward trend across Europe

/startups

Fintech funding bucks the downward trend across Europe

Innovations in AI and embedded finance have kickstarted a recovery in fintech funding, according to Q3 figures compiled by Dealroom.

Fintech angel fund Rerail hits $20 million funding target

/startups

Fintech angel fund Rerail hits $20 million funding target

Rerail, an angel fund for fintech startups, has closed on a $20 million warchest.

EIB announces plan to boost funding for European fintechs

/startups

EIB announces plan to boost funding for European fintechs

The European Investment Bank (EIB) has proposed a series of measures designed to strengthen funding for fintechs and startups within Europe.

Fintech Australia backs government's scam prevention plan

/startups

Fintech Australia backs government's scam prevention plan

The industry group for Australia's startup sector, Fintech Australia, has given its support for the government's proposals to implement scam obligations for financial services firms.

Irish fintech spending falls by 90% in H1

/startups

Irish fintech spending falls by 90% in H1

The first half of 2024 has seen a dramatic decline in spending within Ireland's fintech industry, reflecting cautious investor sentiment.

Ireland to grant National Cyber Security Centre emergency powers

/startups

Ireland to grant National Cyber Security Centre emergency powers

Proposed legislation is set to give Ireland's cybersecurity agency the power to monitor all of the country's internet traffic when there is a "pressing national security threat".

Qonto announces European expansion

/startups

Qonto announces European expansion

French neobank Qonto is set to open new offices in Austria, Belgium, Portugal and the Netherlands as part of a European expansion plan.

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