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Latest Results from /wholesale

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Blockchain data platform Allium raises $16.5m

Allium, a blockchain data platform that works with the like of Visa and Stripe, has raised $16.5 million in a Series A funding round.

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MAS to fund quantum and AI projects for financial sector

The Monetary Authority of Singapore is to commit $100 million in grant funding to support the development of AI and quantum computing technologies in the financial sector.

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JP Morgan invests in B2B payments platform Slope

JP Morgan is making an equity investment in, and providing a debt facility to, AI-led business-to-business payments platform Slope.

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Zodia Markets acquires Elwood's OTC trading arm

Standard Chartered's digital asset trading arm Zodia Markets has acquired the Jersey-based OTC trading business of Elwood Technologies.

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13books Capital raises £121 million fintech fund

Amid a challenging fundraising environment, London VC 13books Capital has closed a new £121 million fund to invest in the founders building tomorrow’s fintech businesses.

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TruFin shares tank as Lloyds terminates Satago contract

Lloyds Bank has terminated a commercial agreement with invoice financing fintech Satago just two years into a five-year contract.

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BNP Paribas signs wide-ranging payments deal with Ant International

BNP Paribas is collaborating with China's Ant international on a range of initiatives to boost cross-border payment services for merchants and consumers in Europe.

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Bank-backed DLT-based payments network Partior raises $60m

Partior, the bank-backed fintech behind a global unified ledger-based interbank rails for real-time clearing and settlement, has raised $60 million in Series B funding.

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Bain and Reverence to buy Envestnet for $4.5bn

Private equity firms Bain Capital and Reverence Capital have agreed to buy Envestnet in a deal that values the provider of wealth management technology and data at $4.5 billion.

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Citi fined $136m for lack of progress on fixing risk management flaws

Citi has been fined $135.6 million by US regulators for failing to make enough progress on fixing risk management and data governance deficiencies four years on from a cease and desist order.

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BNP Paribas forms partnership with Mistral AI

BNP Paribas has inked a multi-year agreement with Mistral AI, covering all of the French artificial intelligence giant's commercial models.

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UK fintech investment down 37% in H1 2024

The ongoing deline in fintech investment continues in the first half of 2024 but shows signs of bottoming out, acccording to new figures from Innovate Finance.