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Banc of California launches Build@Banc to support startups

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers.

/startups

Iraqi fintech ZainCash goes live with Temenos core banking and payments

Temenos (SIX: TEMN) today announced that ZainCash, a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.

/startups

Islamic car finance platform Ayan Capital raises £2.3 million debt and equity seed round

Ayan Capital, the London-based Islamic car finance platform for private hire vehicle (PHV) drivers looking to raise up to £25 million in Series A debt and equity funding.

/startups

Riyad Capital launches fintech venture fund

Riyad Capital has announced the launch of the “1957 Ventures” fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s FinTech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Program.

/startups

Footprint raises $13 million to automate consumer onboarding

Footprint, a company that unifies KYC (Know Your Customer), security and authentication to automate consumer onboarding and reduce identity fraud, today announced a $13 million Series A led by QED Investors.

/startups

io.finnet Launches digital asset custody services for institutional investors

io.finnet, the pioneering Tech company, is thrilled to announce the launch of io.vault, its groundbreaking digital asset self-custody solution for institutions.

/startups

Asian fintech stocks grew by 1200% since 2000, outperforming other regions

Based on fintech shares of the world, UnaFinancial’s analysts have calculated the UnaFinancial Global Fintech Index. Since 2000, it has grown by 300% while its APAC index has shown a 1216%-increase, outperforming other regions and global benchmarks.

/startups

Climate fintech ekko closes $2.5 million funding round

London-based climate fintech, ekko, has successfully closed a $2.5 million funding round led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors.

/startups

Tenity welcomes Andrea Fritschi as new chief investment officer

Tenity is delighted to announce that Andrea Fritschi has joined its leadership team as new Chief Investment Officer and Managing Partner, effective May 1st, 2024.

/startups

AI assistant for finance Grasp raises $1.9 million

Grasp, one of the world’s first AI assistants for investment banks and management consultants, is issuing new shares worth USD 1.9 million (SEK 20 million) to Yanno Capital and Philian Invest.

/startups

BMet opens doors to UK’s first fintech short course

The first FinTech course of its kind in the country is actively recruiting students ready to start in Birmingham at the beginning of June.

/startups

AI Squared acquires Multiwoven

AI Squared, a leading technology provider for integrating information into web-based business applications, announces its acquisition of the world’s number one open-source Reverse ETL (rETL) company, Multiwoven. With this acquisition, AI Squared furthers its commitment to helping organizations simplify the movement of data and AI insights into business applications.

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