Latest Start ups News: Finextra Research

Financial management platform for multi-entity businesses raises £5m

Translucent, a London-based accounting and financial management platform for multi-entity businesses, has raised £5 million in a seed round co-led by Chalfen Ventures and LocalGlobe.

23 August 2023

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Kenyan fintech Zanifu raises $11.2m

Kenyan startup Zanifu has raised $11.2 million in debt-equity funding for its platform providing micro, small and medium-sized businesses with inventory financing.

21 August 2023

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Irish fintech funding slows down

Funding levels in Ireland's fintech sector have fallen again in the last 12 months due to economic and geopolitical challenges.

21 August 2023

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UK Growth Stage Fintech Fund launched by City grandees

A new funding vehicle for providing growth-stage capital to UK fintechs has launched with support from Barclays, London Stock Exchange Group, Mastercard, NatWest and Peel Hunt.

16 August 2023

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Fintech Fronted shuts up shop

Fronted, a UK home lending startup founded by former Apple, Monzo and Bud executives, is shutting down in the face of rising capital costs.

15 August 2023

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TSB and FinTech Scotland open applications for annual Innovation Labs programme

TSB and FinTech Scotland have opened applications for startups to join their annual Innovation Labs programme, dangling the prospect of a full-scale commercial rollout across the UK bank's customer base.

14 August 2023

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Nigerian Exchange preps dollar settlement platform for fintechs

The Nigerian Exchange has enlisted the Central Securities Clearing System (CSCS) and Euroclear to help build a dollar settlement platform that will enable tech startups to raise in dollars.

11 August 2023

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Shariah-compliant investment platform Mnaara raises pre-seed funds

London-based fintech Mnaara.com, a startup offering investors access to global private funds while complying with Islamic finance principles, has completed a US$500,000 pre-seed round funded by investors from the UK, US, Middle East and Singapore.

10 August 2023

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SphereX raises $8.2m for smart contract security tech

Founded by the former CISO of Bank Leumi, Israeli web3 security company SphereX has raised $8.2 million in seed funding for its technology designed to prevent crypto hacks.

10 August 2023

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Singapore central bank pledges $150 million to support new fintech projects

Singapore's central bank is to commit up to $150 million to support startups developing innovative financial technologies over the next three years.

08 August 2023

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Vanquis Banking Group acquires money saving app Snoop

Vanquis Banking Group has acquired Snoop, the money saving app founded by former Virgin Money boss Jayne-Anne Gadhia.

31 July 2023

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Emea fintech takes biggest hit in funding downturn

The European fintech industry bore the brunt of a global drop in fintech funding during the first half of 2023, declining by more than half over the peceding period.

31 July 2023

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