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Revolut’s Storonsky sells $300 million in company stock

/startups

Revolut’s Storonsky sells $300 million in company stock

Founder and chief exec at fintech giant Revolut, Nik Storonsky, has reportedly sold shares worth up to $300 million (£230 million) in the company.

Fero launches embedded personalisation e-commerce tool in UK

/startups

Fero launches embedded personalisation e-commerce tool in UK

Dutch fintech Fero has launched their personalisation e-commerce tool, Checkout Companion, for Shopify-based businesses in the UK.

Outward VC raises £51 million fintech fund

/startups

Outward VC raises £51 million fintech fund

Outward VC, a London-headquartered early-stage venture capital fund, has closed on a £51 million fund to back early stages founders operating on the intersection of fintech and connected sectors.

Financial management app IN1 raises $6m

/startups

Financial management app IN1 raises $6m

IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.

FDIC hints at new bank reconcilement rules following Synapse failure

/startups

FDIC hints at new bank reconcilement rules following Synapse failure

The US Federal Deposit Insurance Corporation (FDIC) is looking at plans to protect customers from fintech failures, reports Bloomberg Law.

Gen AI for compliance startup Sedric Ai raises $18 million

/startups

Gen AI for compliance startup Sedric Ai raises $18 million

Amerian Express Ventures has joined an $18 million funding round in Sedric AI, a startup developing a dedicated compliance large language model (LLM) for financial services.

UAE payments fintech Ziina scores $22 million Series A

/startups

UAE payments fintech Ziina scores $22 million Series A

UAE-based payments fintech Ziina has secured $22 million in a Series A funding round led by Altos Ventures, with participation from other top-tier investors including Fintech Collective, FJ Labs, Avenir Growth, Y Combinator, and Jabbar Internet Group.

Comun raises $21.5m for immigrant-focused neobank

/startups

Comun raises $21.5m for immigrant-focused neobank

Comun, a Latino-founded neobank for immigrants in the US, has raised $21.5 million in a Series A funding round.

UK climate fintech Zero secures partners ahead of launch

/startups

UK climate fintech Zero secures partners ahead of launch

Zero, a UK finance app targeting climate-active young Brits has signed up a host of technology partners ahead of its launch later this year.

Visa joins $5 million round in African payroll provider Workpay

/startups

Visa joins $5 million round in African payroll provider Workpay

Visa has joined a $5 million funding round in Kenyan payroll provider Workpay.

B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

/startups

B2B emerging markets payment platform Waza comes out of stealth with $8 million funding

Waza, a payment and liquidity platform for emerging market businesses, has secured $8 million in equity and debt funding to make it easier for African businesses, traders, and other large organisations to manage and pay their suppliers globally.

Stablecoin-to-fiat money transfer app Sling Money raises $15m

/startups

Stablecoin-to-fiat money transfer app Sling Money raises $15m

Sling Money, which combines stablecoin technology with fiat payment rails for instant money transfers, has raised $15 million in Series A funding.

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