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Latest Results from /startups

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Binance to buy troubled rival FTX

Facing up to a liquidity crunch, crypto exchange FTX has agreed to sell itself to rival Binance. Terms have not been disclosed.

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Ex-Tink staffers raise €5m for payments startup

A gaggle of former Tink employees has raised €5 million in seed funding for their startup promising to help businesses automate all of their payment activities.

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Saudi Arabia's bid for global fintech hub status gathers pace

Saudi Arabia's push to become a global fintech centre is gathering pace, with the number of financial technology startups in the Kingdom growing by 79% over the past twelve months and attracting $400 million in funding.

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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.

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Singapore Fintech Festival 2022: ANEXT Bank SME programme to increase access to financing

ANEXT Bank head of strategic partnerships Randall Lee took to the stage at Singapore Fintech Festival to launch a new industry initiative for SMEs, increasing access to financing and supporting digital transformation.

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Singapore Fintech Festival 2022: Alipay launches merchant payment toolkit

Announcing at Singapore Fintech Festival, Angel Zhao, president of international business, Ant Group, revealed the launch of Alipay+ D-storeTM, a business digitalisation solution for brick-and-mortar businesses in the service industry.

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Singapore Fintech Festival 2022: Deputy PM Wong sets the fintech agenda

Lawrence Wong, deputy prime minister and minister for finance, Republic of Singapore, took to the stage at Singapore Fintech Festival to make several announcements that will set the backdrop for the nation state’s fintech journey in years to come.

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Ethical lender Plend raises £40m

Plend, a UK "ethical lender" that is ditching the traditional credit system and is instead using open banking data for lending decisions, has raised £40 million in seed funding.

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Egypt's Money Fellows raises $31m to digitise money circles

Egyptian fintech Money Fellows has raised $31 million for its mobile-based platform for money circles - where a group of people put money into a pot for a specific period so that they can save and borrow together.

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Saudi wealth fund launches $24bn tech fund

A sovereign wealth fund led by Saudi crown prince Mohammed Bin Salman has launched a $24bn investment fund targetting the Middle East tech sector.

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Portugal's fintech sector passes €1bn milestone

Funding for Portuguese fintechs has exceeded the €1bn mark for the first time.

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Wealth management startup Sidekick scoops £3.33 million in pre-seed funding

The UK investment and wealth management landscape is set to see a new challenger in the shape of Sidekick, a fintech startup co-founded by former Pariti founder Matthew Ford, which has raised £3.33 million in pre-seed funding ahead of a launch next year.