Start ups - Announcements, News, Articles & Research: Finextra

Romania launches first digital-native bank

Engine by Starling has launched Romania's first ever digitally-native bank on its core banking platform.

16 April 2024

Isle of Man announces participants in fintech challenge

The Isle of Man Government today reveals the cohort of 16 international organisations that will take part in the Island’s biggest ever Innovation Challenge.

10 April 2024

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Auditoria.AI introduces domain-specific small language model for finance, accounting and procurement

Auditoria.AI, the pioneer in automated, AI-powered intelligent applications for finance, today announced the latest updates to its ERP-centric cognitive automation platform featuring an industry-first domain-specific small language model (SLM), advanced human-in-the-loop technologies, and multiple options for large language model usage.

09 April 2024

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Fintech infrastructure startup Parafin secures $125m warehouse facility

Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc. (“Trinity”), today announced that it has provided a $125 million warehouse facility to fintech infrastructure startup, Parafin.

09 April 2024

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Zeepay Ghana raises funds

Ghanaian fintech company Zeepay Ghana Ltd today announced the completion of an equity investment by pan-African investment firms Africa50, Oikocredit, Injaro, Verdant Capital Hybrid Fund, and I&P. The funds will go towards expanding Zeepay’s operations in Africa and the Caribbean.

09 April 2024

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Lloyds bank invests £3m in proptech startup

Lloyds Banking Group has invested £3 million in Coadjute, an innovative fintech designed to connect all parties involved in the homeownership journey.

02 April 2024

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Fintech Innovation Lab New York names 2024 class

Ten emerging technology companies have been selected to participate in the 2024 FinTech Innovation Lab New York, a 12-week program founded and run by Accenture and the Partnership Fund for New York City that helps early- and growth-stage fintechs accelerate product and business development through in-depth engagement with top financial services and venture capital executives.

28 March 2024

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PayPal invests in Indonesian insurtech Qoala

Omnichannel InsurTech Qoala announced the completion of its Series C funding round, raising USD 47 million led by PayPal Ventures and MassMutual Ventures.

27 March 2024

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Connected infrastructure startup peaq raises $15m

peaq, the blockchain for real-world applications and machines, announces raising $15 million in a pre-launch multi-tranche funding round led by Generative Ventures and Borderless Capital with the participation of Spartan Group, HV Capital, CMCC Global, Animoca Brands, Moonrock Capital, Fundamental Labs, TRGC, DWF Labs, Crit Ventures, Cogitent Ventures, NGC Ventures, Agnostic Fund, Altana Wealth, and others.

27 March 2024

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UK wealth-building app Belong emerges from stealth

Belong – a new wealth-building platform has launched today after securing £2.95m in pre-seed funding – the largest pre-seed round ever raised by female founders in Europe.

25 March 2024

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Ameetee raises $1 million

Ameetee, a fintech startup, has raised a $1 million seed round to launch the first B2B fintech platform that provides financial institutions with a universal solution to offer their customers investment in private companies in the form of transferable securities. Since its launch in 2023, the platform’s turnover has reached $12 million, Ameetee signed contracts with several institutional clients, and offered investment opportunities in such companies as Bayzat, Klarna and Alto Pharmacy. The funding was backed by a group of business angels, including Jamie Karraker, founder of Alto Pharmacy, unicorn, and will be used to develop a marketplace where these securities can be traded and to launch the first educational course for banks and brokers lacking knowledge on how to invest in private companies.

22 March 2024

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AccessPay secures $24m in funding

AccessPay, the leading bank integration provider, today announced that it has closed its strategic funding round at $24 million with a combination of equity and debt.

21 March 2024

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