1894 Results from 2023
/startups
Relio, a Swiss SME banking startup founded by Lav Odorovic, the co-founder of German digital bank Penta, has raised €3 million.
10 January 2023
German neobank Ruuky has filed for insolvency after failing to raise fresh funds.
/payments
Canadian payments firm Nuvei has struck a deal to buy US outfit Paya in an all-cash deal worth US$1.3 billion.
/markets
BNP Paribas is the latest banking giant to invest in AccessFintech, joining a previously announced Series C funding round for the capital markets specialist.
Canadian exchange operator TMX Group has paid US$175 million for a 21% stake in data, analytics, indexing and digital distribution firm VettaFi.
09 January 2023
/security
New APP fraud reimbursement rules implemented by the Payment Systems Regulator could lead to around a quarter of victims being denied refunds warns UK bank TSB.
/people
Alibaba founder Jack Ma has ceded control of fintech giant Ant Group under a corporate restructuring which sees his stake in the firm reduced to just six percent.
Allianz Trade, Santander Corporate and Investment Banking and Two have partnered to develop a new B2B BNPL package dedicated to large multinational corporates.
UK Fintech funding slumped by eight per cent last year but remained ahead of rival hubs in Europe and Asia amid a sharp global slowdown, according to new data from industry body Innovate Finance.
/retail
Starling Bank expects to quadruple profits this year, bolstered by strong growth in the SME market, where it has picked up 520,000 small business accounts, representing an 8.9% market share.
British mortgage technology firm Twenty7Tec has acquired AI-based digital engagement specialist Meet Parker for an undisclosed sum.
Mastercard is launching a Web3-based accelerator programme designed to help connect music artists with mentors and fans through things like NFTs and virtual world events.
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