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/startups

Transactions database TigerBeetle raises $24m

Financial transactions database TigerBeetle has raised $24 million in a Series A funding round led by Spark Capital.

/regulation

Major UK banks broke CMA rules

HSBC, Lloyds, TSB, and AIB have been rebuked by the UK's competition watchdog for failing to meet rules on providing customers with clear and up-to-date information.

/crypto

FCA fines Coinbase unit £3.5m over high-risk customers

The Financial Conduct Authority has fined a Coinbase unit £3.5 million for enabling crypto trading services for high-risk customers.

/startups

Pensions fintech startup Jarvis raises £1.8 million seed funding

UK-based pensions fintech Jarvis has raised £1.8 million in seed funding in a round co-led by Ascension VC and Cornerstone VC, with participation from Tokio Marine Future Fund.

/markets

Private markets fintech bunch raises $15.5 million

Berlin-based private markets platform bunch has closed a $15.5 million Series A

/regulation

Revolut finally wins UK banking licence

Revolut's long-term quest to gain a UK banking licence is over, with the Prudential Regulatory Authority granting the licence with restrictions.

/startups

Fintech acceleration partner archie adds ekko and wamo to portfolio

A new fintech "acceleration partner" chaired by Atom and Metro Bank co-founder Anthony Thomson has added its first two portfolio companies, backing SME banking and payments firm wamo and climate-focused outfit ekko.

/ai

EToro launches AI-generated ad campaign

Trading and investing platform eToro is launching an AI-generated advertising campaign for the Paris Olympics.

/inclusion

Egypt's MNT-Halan raises $157.5m for regional push

Egyptian fintech unicorn MNT-Halan is prepping regional expansion after securing around $157.5 million in funding.

/retail

UK neobanks set to outpace incumbents in mobile arms race

UK neobank app users are on track to surpass legacy banks for the first time by Q1 2025, according to research conducted on the Google Play Store by SplitMetrics.

/crypto

Bank of Israel selects 14 teams to present use cases for digital shekel

The Bank of Israel has assembled 14 teams from the private sector, the public sector, and academia to study potential use case for a digital shekel.

/regulation

FCA finalises access to cash rules

Banks and building societies will need to weigh up if local communities lack access to cash services, like branches and ATMs, and plug significant gaps, under new rules from the Financial Conduct Authority (FCA).