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Spanish fintech ID Finance raises €30 million

/retail

Spanish fintech ID Finance raises €30 million

Spanish alternative lending platform ID Finance has closed a €30M equity round led by Kingsway Capital.

Smart money app Snoop explores sale - Sky

/startups

Smart money app Snoop explores sale - Sky

Snoop, the money-saving app founded by former Virgin Money boss Jayne-Anne Gadhia, has called in bankers to explore a possible sale, according to Sky News.

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

/retail

Innovate Finance calls for expanded open banking to help with cost-of-living crisis

Fintech industry body Innovate Finance has called on regulators to extend open banking to support the deployment of budgeting and affordability algorithms as a way to help Brits with the cost-of-living crisis.

Egypt's Copal launches money app for families

/startups

Egypt's Copal launches money app for families

Egyptian fintech Copal has unveiled the country's first payments and expenses management app for families.

NatWest to buy majority stake in workplace pension and savings app Cushon

/retail

NatWest to buy majority stake in workplace pension and savings app Cushon

NatWest is to spend £144 million to aquire an 85% majority stake in workplace savings and pensions fintech Cushon.

Klarna introduces Spotify-style 'Money Story' overview

/payments

Klarna introduces Spotify-style 'Money Story' overview

Klarna has taken a leaf out of Spotify's playbook with the launch of Money Story, a a personal summary of 2022 that provides consumers with useful insights into their spending habits

Thousands of PayPal users victim of data breach

/crime

Thousands of PayPal users victim of data breach

The accounts of 34,942 PayPal users were hacked between the 2nd and 6th of December 2022 by unauthorised parties through a credential stuffing attack. Hackers potentially gained access to customers’ personal data, including their name, address, date of birth, tax ID number, and social security number.

Hyperjar recruits Morgan Stanley tech chief Rob Rooney as CEO

/people

Hyperjar recruits Morgan Stanley tech chief Rob Rooney as CEO

Budgeting app Hyperjar has appointed Morgan Stanley technology chief Rob Rooney as CEO.

Teen-focused educational investment app tendy signs for WealthKernel tech

/startups

Teen-focused educational investment app tendy signs for WealthKernel tech

A new educational investment platform for UK teens, called tendy, is teaming up with WealthKernel to power its investing services.

Starling to create 1000 jobs at new Manchester office

/retail

Starling to create 1000 jobs at new Manchester office

Starling Bank is promising to create up to 1000 jobs, including many technology positions as it opens its fourth UK office in Manchester.

LGBTQ+ digital bank Daylight raises $15m

/retail

LGBTQ+ digital bank Daylight raises $15m

Daylight, the digital banking app built for America's LGBTQ+ community, has raised $15 million in a Series A funding round led by Anthemis Group.

Gen Z turns to TikTok for financial advice

/retail

Gen Z turns to TikTok for financial advice

Young Brits are turning to TikTok for financial information, with many of them believing that influencers on the app provide better advice than traditional media.

Startups selected for inaugural climate incubator

/sustainable

Startups selected for inaugural climate incubator

Eight climate-focused startups have been selected to participate in what is claimed to be the world's first climate-focused fintech incubator in the Nordics and Baltics.

UOB rolls out auto saving feature in Indonesia

/retail

UOB rolls out auto saving feature in Indonesia

Singapore-based UOB has enlisted Personetics for a new AI-powered automated savings feature at its Indonesian outpost TMRW.

Northstar raises $24.4m for financial wellness benefit platform

/startups

Northstar raises $24.4m for financial wellness benefit platform

Financial wellness benefit platform for employees Northstar has raised $24.4 million in a funding round joined by PayPal Ventures and Thomson Reuters Ventures.

GoHenry raises $55m for European expansion

/retail

GoHenry raises $55m for European expansion

GoHenry, the UK-based provider of a pre-paid debit card and financial education app for kids, has raised $55 million to fund its move into new markets.

Plum returns to the crowd after $5 million debt financing from Silicon Valley Bank

/retail

Plum returns to the crowd after $5 million debt financing from Silicon Valley Bank

Smart money app Plum is to launch its third crowdfunding round after picking up £5 million in debt financing from Silicon Valley Bank.

CBA app helps customers find cheap fuel

/retail

CBA app helps customers find cheap fuel

Commonwealth Bank of Australia is piloting a new in-app feature that helps customers save money refuelling their cars.

Pakistan’s ABHI channels donations to flood victims

/inclusion

Pakistan’s ABHI channels donations to flood victims

Pakistan-based fintech ABHI has teamed up with NGOs JDC, Al-Khidmat and Saylani to allow employed individuals to donate their earned but unpaid salary to flood relief funds.

MPs call for 'Big Bang' to free up challenger banks

/regulation

MPs call for 'Big Bang' to free up challenger banks

The UK should broaden its open banking model to accelerate the growth of fintech as part of a wider new financial services "Big Bang", according to a group of MPs.

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