/payments
UK account-to-account payments platform Form3 has raised a total of $60m in C-series extension funding with new investor British Patient Capital leading the way with a $10 million punt.
10 September 2024
/startups
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.
/wholesale
Barclays Bank has joined with major US and EU financial institutions in a $26 million funding round for syndicated loan platform Versana.
/crypto
The Financial Conduct Authority has filed its first criminal charges against an individual accused of unlawfully running multiple crypto ATMs without FCA registration.
/retail
Mortgage technology outfit Twenty7tec has bagged £16.5 million from the Business growth Fund (BGF) to drive growth and expansion within the UK.
B2B buy now, pay later platform PastPay has raised €12 million in a Series A funding round led by Platina Capital and supported by a number of financial institutions.
Japanese banks MUFG, SMBC and Mizuho are participating in a pilot using stablecoins and the Swift network for cross-border payments.
IN1, a financial management app for fiat and crypto currencies, has raised $6 million in seed funding.
The UK's Competition and Markets Authority (CMA) has officially confirmed the full completion of the final Roadmap for Open Banking, laying the foundations for the future development of open finance.
09 September 2024
/security
Lloyds Bank has established an industry working group, working with Chargebacks911 and other payment platforms, to report known fake websites when they arise and block transactions.
/regulation
Market communications surveillance firm Mirrorweb has secured a $63 million growth equity investment from Mainsail Partners.
Klarna Bank has been upbraided by the Swedish Financial Supervisory Authority for failing to adequately deal with money laundering risks.
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