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January 2025

Next Generation and Decta Unite for Euro Stablecoin Initiative

Next Generation and Decta Unite for Euro Stablecoin Initiative
French startup Next Generation has reintroduced a euro-pegged stablecoin, EURT, which had been suspended in 2017 due to regulatory challenges. The company is partnering with...
FintechDaily Staff
January 13, 2025

EFG Hermes Invests in Danish Fintech Kenzi Wealth with Minority Stake Acquisition

EFG Hermes Invests in Danish Fintech Kenzi Wealth with Minority Stake Acquisition
Middle Eastern investment bank EFG Hermes has acquired a minority stake in Danish fintech Kenzi Wealth, a company that utilizes AI-powered asset management technologies and...
FintechDaily Staff
January 13, 2025

Wealthtech Startup Vega Launches from Stealth Mode with $8 Million Funding Round

Wealthtech Startup Vega Launches from Stealth Mode with $8 Million Funding Round
Vega, a UK wealthtech platform founded by a team of former executives from top hedge funds, private equity firms, and fintech scale-ups, has officially launched...
FintechDaily Staff
January 13, 2025

Luge Capital Secures $71 Million for Fintech Investment Fund

Luge Capital Secures $71 Million for Fintech Investment Fund
Luge Capital, a venture capital fund focused on fintech, has successfully raised an initial $71 million to invest in early-stage startups in Canada and the...
FintechDaily Staff
January 13, 2025

Bilt Rewards Soars with $150 Million Funding Round

Bilt Rewards Soars with $150 Million Funding Round
Neighborhood loyalty platform Bilt Rewards has increased its valuation to $3.25 billion following a $150 million funding round. The investment was led by Teachers’ Venture...
FintechDaily Staff
January 13, 2025

Venmo, Zelle, and Cash App Expose Users to Fraud Risks

Venmo, Zelle, and Cash App Expose Users to Fraud Risks
Manhattan's district attorney has urged the companies behind Venmo, Zelle, and Cash App to enhance their security measures due to a rise in fraud incidents....
FintechDaily Staff
January 13, 2025

Perenna Launches Waitlist for $52 Million Fundraise

Perenna Launches Waitlist for $52 Million Fundraise
UK mortgage lending startup Perenna has successfully raised $52 million shortly after obtaining an unrestricted banking license. Last year, Perenna secured a restricted banking license...
FintechDaily Staff
January 13, 2025

FE fundinfo Purchases German Fintech Company Dericon

FE fundinfo Purchases German Fintech Company Dericon
FE fundinfo, a financial data platform serving the asset management sector, has acquired the German WealthTech firm Dericon. This marks FE fundinfo's seventh acquisition within...
FintechDaily Staff
January 13, 2025

Swedish Central Bank Reports Ransomware Attack on IT Firm to Authorities

Swedish Central Bank Reports Ransomware Attack on IT Firm to Authorities
Sweden's Riksbank has reported a ransomware attack on Tietoevry, a software firm, which has resulted in the shutdown of some of the central bank's IT...
FintechDaily Staff
January 13, 2025

Two Additional Wirecard Executives Involved in Expanding Financial Scandal

Two Additional Wirecard Executives Involved in Expanding Financial Scandal
German prosecutors have charged two additional Wirecard executives with wrongdoing leading up to the collapse of the previously celebrated fintech company. Alexander von Knoop, the...
FintechDaily Staff
January 13, 2025

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