clear
clear

/payments

Cashfree Payments raises $53 million

India's Cashfree Payments has raised $53 million in a funding round led by Korean digital entertainmnet platform Krafton, alongside existing backer Apis Partners.

/ai

Worldpay to buy fraud prevention platform Ravelin

Payments giant Worldpay has struck a deal to buy AI-native enterprise fraud prevention platform Ravelin. Financial terms were not disclosed.

/payments

DNB Ventures invests in fintech startup Receipts

Oslo-based Receipts, a fintech startup building connections between banks and merchants for digital receipts, has raised €1.7 million in a funding round led by the venture arm of Den Norske Bank, with additional support from Obos, Såkorn 1 Midt, and Antler.

/ai

Use of AI in banking to be subject of new inquiry by MPs

The UK Treasury Committee has opened a call for evidence into the potential impacts of the increased use of artificial intelligence in banking, pensions and other financial services.

/security

Nationwide sets up cyber security training programme for new technology recruits

Nationwide is to set up a dedicated cyber security training programme for new technology employees in partnership with cyber skills builder Capslock.

/wholesale

United Fintech acquires Commercial Banking Applications

United Fintech, an umbrella outfit dedicated to scooping up a stable of capital markets, wealth management and wholesale banking vendors, has made it sixth and largest acquisition to date, buying out trade finance and payments vendor Commercial Banking Applications.

/retail

Fintech Cushion shuts down

Cushion, an app that helped Americans negotiate bank and credit card fees to get refunds, has shut down.

/payments

TransferGo moves into B2B; launches multi-currency business account

Remittance network TransferGo has launched an account that lets global businesses based in the UK and EU hold, exchange, send, and receive multiple currencies.

/people

Trump fires CFPB director Chopra

President Donald Trump has fired Consumer Financial Protection Bureau director Rohit Chopra.

/retail

Solaris clinches €140 million funding round

German Banking-as-a-Service platform Solaris has secured a €140 million financing round.

/payments

GoCardless edges toward profitability

After cutting staff in a 2023 restructure, GoCardless moved toward profitability in 2024.

/crypto

London fintech startup Brava launches stablecoin management system

Brava, a London-based startup, has gone live with a set-it-and-fogert-it stablecoin management system for streamlined yield generation.