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Latest Results from /startups

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Fiserv co-leads $16 million seed round in PayFac Forward

Forward, a US-based startup offering payments as a product services for software companies, has raised a $16 million seed round.

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SME banking platform Relay raises $32.2m

Relay, a business banking and money management service for SMEs, has raised $32.2 million in a Series B funding round led by Bain Capital Ventures.

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EBAday 2024: 100 banks registered and ready to fuel the payments technology conversation

Q. What does the payments sector look for in a conference? A. The number of banks registered to attend and the number of bank speakers on the agenda, ready to openly communicate to the audience how they are currently leveraging technology.

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Startup lender SilverRock achieves banking authorisation

New challenger SilverRock Bank has been granted banking authorisation with restrictions by the Prudential Regulation Authority following the completion of a £50m funding round.

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Kudos raises $10.2m for AI-powered smart wallet

Kudos has raised $10.2 million in a Series A funding round led by QED Investors for its AI-powered smart wallet and shopping assistant.

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Wefox warns shareholders of insolvency

Insurance unicorn Wefox has warned investors that it may soon face insolvency due to financial losses and regulatory charges.

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Mastercard picks new batch of crypto and blockchain Start Path firms

Mastercard has welcomed five new firms to its Start Path startup programme specifically for firms in the cryptocurrency and blockchain space.

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European fintechs expect to grow business in next year

Optimism is returning to Europe's fintech sector, suggests new research from MHP Group which shows that more than three quarters of firms expect their business to grow in the next 12 months.

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CommBank's x15 Ventures rolls out Truyu digital ID app

In the week that the Australian Federal Government committed $288 million to advance digital ID and tackle identity theft, CommBank's venture scaler unit x15Ventures has developed Truyu, an app that alerts users when there credentials are at risk of being misused by fraudsters.

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'Neobank in a box' startup Fintech Farm raises $32 million

Fintech Farm, a London-based startup that helps banks in emerging markets to launch all-digital neobanks, has raised $32 million in funding.

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RBC launches incubator

The Royal Bank of Canada is backing a new incubator programme for fintech and cybersecurity startups.

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Q1 sees almost 500 fintech deals

There were nearly 500 fintech financing and M&A deals in the first quarter of 2024, with insurtech, crypto and blockchain proving hot areas, according to data from Royal Park Partners (RPP).