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Latest Results from /startups

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Bank North goes to the wall

Bank North, the Manchester-based banking startup aiming to disrupt the UK’s £150 billion SME lending market, is to wind down its operations after failing to secure a new funding round.

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Digital business payments startup NoFrixion raises €3.6 million

Dublin-headquartered NoFrixion, a business payments startup co-founded by a bitcoin Core developer, has snagged €3.6 million in a funding round led by Delta Partners and Middlegame Ventures.

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SocGen and Altalurra invest €4.5 million in impak Ratings

Societe Generale is burnishing its environmental credentials by joining with Altalurra Ventures in a €4.5 million round in impact analysis and ratings agency impak Ratings.

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HSBC invests in customer intelligence and risk assessment firm Bizbaz

HSBC Asset Management has led a $4 million seed funding round for Bizbaz, a Singapore-based startup using non-traditional data to help financial firms assess credit risk.

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Fintech SaaS provider Toqio secures €20 million in fresh funding

London headquartered Toqio has secured €20 million for its software-as-a-service model for building embedded banking services.

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Open banking app Sync. goes into administration

Sync., the UK open banking app founded by a former Revolut executive, has gone into administration.

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Silicon Valley Bank expands to Sweden

Silicon Valley Bank (SVB) UK has announced further Nordic expansion with the establishment of a representative office in Stockholm. SVB previously opened an office in Denmark in late 2019.

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Mollie steps into financial services with Mollie Capital

European payments fintech, Mollie, has launched Mollie Capital to facilitate SME access to finance and funding.

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Aviva pumps $10 million into female fintech fund

Aviva has invested $10 million in a VC fund that backs female entrepreneurs in the fintech industry across the UK, Europe, Canada and the US.

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Cultivo taps Mark Carney for board seat

Climate-focused fintech, Cultivo, has announced six new board members including former Bank of England governor and current vice chair at Brookfield Asset Management, Mark Carney.

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Barclays pivots Rise to focus on laid-off fintech talent

Reflecting the donwturn in the fintech sector, the latest iteration of Barclays Bank's Rise Startup Academy will focus on on supporting budding founders who find themselves out of jobs due to the current economic climate.

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Fintech advisor Royal Park Partners bucks trend with industry-beating growth

In the midst of a global fintech funding downturn, specialist corporate advisor Royal Park Partners is boasting industry-beating growth, on track to double its revenue this year.