Fintech Fronted Closes Its Doors
Fronted, a UK home lending startup established by former executives from Apple, Monzo, and Bud, is closing down due to increasing capital costs. The rental...
KfW to Launch Digital Bond Powered by Blockchain Technology
German bank KfW is set to issue its first blockchain-based digital bond as a crypto security, in compliance with the German Electronic Securities Act (eWpG)....
CommBank and Vodafone Collaborate to Combat SMS Scams with Real-Time Intelligence
Commonwealth Bank of Australia is partnering with Vodafone to share SMS scam intelligence in near real-time. This collaboration enables Vodafone to identify and disrupt scammers...
Home Equity-Backed Credit Card Company Aven Joins the Unicorn Club
California-based Aven has successfully raised $142 million to expand its home equity-backed credit card offering to homeowners across the United States. Khosla Ventures and General...
City Leaders Launch UK Growth Stage Fintech Fund
A new funding vehicle designed to provide growth-stage capital to UK fintechs has launched with backing from Barclays, the London Stock Exchange Group, Mastercard, NatWest,...
Cash App Exits the UK Market
Block is discontinuing its Cash App P2P payments service in the UK as it shifts its focus away from global expansion. According to a notice...
Funding for Irish Fintechs Experiences a Slowdown
Funding levels in Ireland's fintech sector have decreased over the past year due to various economic and geopolitical challenges. Data from KPMG reveals that nine...
Santander Aims to Combat Scams on Facebook Marketplace
Banco Santander is implementing a ban on bank transfers for payments related to Facebook Marketplace transactions unless customers have physically inspected the item. This decision...
Ebury Selects Goldman Sachs as Lead Advisor for UK IPO
Santander-backed Ebury has reportedly appointed Goldman Sachs to lead its upcoming £2 billion IPO in London. Speculation about an IPO for the UK cross-border payments...
Kenyan Fintech Company Zanifu Secures $11.2 Million in Funding
Kenyan startup Zanifu has secured $11.2 million in debt-equity funding to enhance its platform that provides inventory financing for micro, small, and medium-sized businesses. The...