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/wealth

WealthTech Zilo secures $27 million investment

London-based WealthTech firm Zilo has raised $27 million in a Series A2 funding round.

/regulation

CommerzVentures backs AI reporting platform Sunhat

CommerzVentures has led a €9.2 million Series A funding round for Sunhat, a German AI-native compliance platform that helps enterprises automatically validate and share ESG and vital non-financial data.

/crypto

PayPal invests in Stable layer 1 blockchain

PayPal Ventures has made a strategic investment in Stable, the layer 1 blockchain network for stablecoin transactions.

/crypto

US and UK set up crypto and capital markets taskforce

The UK and US governments have set up a transatlantic taskforce to explore collaboration on digital assets.

/regulation

Guavapay suspends UK services under FCA agreement

London-based fintech Guavapay says it has temporarily suspended its UK services under an agreement with the Financial Conduct Authority following "significant challenges" with fraudulent activity.

/payments

Cardless raises $60m

Embedded credit card platform Cardless has raised $60 million in a Series C growth round led by Spark Capital.

/regulation

EU to exclude Big Tech from financial data sharing system - FT

The European Union looks set to block Amazon, Apple, Google and Meta from accessing a new financial data sharing system, according to the Financial Times.

/crypto

Kaia and Line to launch stablecoin superapp

Two Asia-based fintechs, Line Next and Kaia, have launched what is described as a stablecoin superapp, designed to facilitate cross-border payments.

/inclusion

UK fintech Tide reaches unicorn status

A $120m investment led by asset manager TPG has seen the valuation of Tide, the UK-based business management platform, reach $1.5bn

/ai

Rekord raises $2.1m to power credit decisioning

Rekord, a Dublin-based startup building an AI-native orchestration platform for credit decisioning, has raised $2.1 million in pre-seed funding.

/payments

WhatsApp adds QR code payments to business app

Meta has added a QR code-based payments option to the WhatsApp Business App.

/retail

NatWest looks to sell workplace pension and savings app Cushon - report

NatWest is in talks to offload its 85% stake in Cushon, two years after spending £144 million for majority ownership of the workplace savings and pensions fintech, according to Sky News.