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UK consumers are leading the charge on digital financial services adoption amid rising demand for more innovation and convenience in payments and banking, according to a study from Marqeta (NASDAQ: MQ), the global modern card issuing platform powering some of today’s most innovative embedded finance solutions. The 2024 State of Payments Report released today – surveying 4,000…
AI Fintech Aveni.ai has announced one of the largest Series A investments in a Scottish business this year, amounting to £11 million. The investment is led by Puma Private Equity with participation from Par Equity and financial services industry leaders: Lloyds Banking Group and Nationwide. Aveni combines globally-recognised AI expertise with extensive financial services experience, to create large language models (LLMs) and AI products…
NTT DATA, a global leader in business and technology services, announced its strategic partnership with Lynx Tech, a revolutionary fintech company specialising in AI-driven fraud detection. This collaboration will leverage NTT DATA’s network and extensive experience in the banking and finance industry to scale Lynx’s innovative solutions across the UK and European markets. Lynx identified…
InvestorHub, a direct-to-investor marketing platform, has successfully raised $4 million in an extension funding round led by EVP, with follow-on investments from Archangel Ventures and Flying Fox Ventures. This funding round will bring the total amount raised in the Series A round to $9 million. This latest capital raise marks the second funding initiative completed…
Female Invest is excited to announce the successful closing of $11.2 million in Series A funding, marking a significant milestone in the journey to close the financial gender gap. This achievement accelerates the company’s mission and strengthens the community. Since the launch of its educational platform and the initial bootstrap to ten employees, Female Invest…
Marqeta (NASDAQ: MQ), the leading global modern card issuing platform, has announced a collaboration with Visa and Affirm to introduce the Visa Flexible Credential. This innovative single card product allows users to switch between different payment methods, empowering consumers with greater choice and convenience. In May 2024, Marqeta achieved certification for Visa Flexible Credential. This…
European investor Pollen Street Capital invests 35 million EUR in alternative lender Finbee Verslui. This investment will enable more than 1,500 businesses to be financed faster and on more favorable terms than before. Lending faster and on better terms “Our mission is to empower the country’s small and medium-sized businesses to grow by providing them…
bunch, the fintech company transforming private markets, announced the successful closing of its $15.5 million Series A. The round is led by global investor FinTech Collective, and existing investors including Cherry Ventures and Motive Ventures are doubling down. Top private market experts such as Broadhaven Ventures and former AngelList Europe Head Philipp Moehring’s TinyVC, as…
Bank payment company GoCardless has announced a partnership with OMS, the seamless single-input enquiry to completion processing platform for brokers, to simplify and accelerate the payment process for its ever-growing user base. OMS will integrate Instant Bank Pay, GoCardless’ open banking payments feature, directly into its platform, enabling brokers to efficiently request payments from their clients for…
PXP Financial, a leader in global payment services, is pleased to announce the launch of its Partner Portal. This advanced platform is engineered to transform the merchant application journey, elevating the partnership experience with PXP. Designed to enhance efficiency and accuracy, the Partner Portal empowers partners to focus on growth and success. It enhances the…
Airwallex, a leading global payments and financial platform for modern businesses, today announced a partnership with Float, one of Canada’s fastest-growing B2B fintechs, to enable fast and cost-effective bill payments for both domestic and overseas transactions. Float’s Bill Pay product, powered by Airwallex, introduces payouts – including bank transfers, EFT, wire, and ACH – as part…
Weavr announces the acquisition of a European e-money licence. This licence is a significant milestone for both Weavr and the embedded finance industry, facilitating the broader adoption of embedded finance by B2B SaaS businesses. The MFSA granted the licence following a thorough review of Weavr’s operating model, which is specifically designed to simplify the integration…
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