/wealth
WealthOS, a cloud-native and API-driven core wealthtech startup, has topped up a £2 million seed round led by Barclays Bank with a further injection of capital from the UK lender and fintech investors.
04 June 2024
/payments
Card issuer and payment processor Enfuce has teamed up with French worktech Swile to launch an all-in-one employee benefits card.
/people
Small business lender Funding Circle is cutting around 120 jobs as it looks to slash costs in search of profitability.
/retail
Savings app Yotta says 85,000 customers have been locked out of their accounts for three weeks because of the collapse of BaaS platform Synapse.
/crypto
Coinbase has become the second firm in a week to donate $25 million into Fairshake, a federal super political action committee (PAC) backing pro-crypto candidates during the 2024 US elections.
03 June 2024
JPMorgan Chase global head of payments, Takis Georgakopoulos, is leaving the bank, according to Reuters.
UK digital bank Monzo is preparing to expand into the US and Europe after reporting its first full year of profitability, achieving a pre-tax profit of £15.4m for the financial year ended 31 March 2024.
Forward, a US-based startup offering payments as a product services for software companies, has raised a $16 million seed round.
A legal case involving how Citi responded to customers who had money stolen via wire transfers has caused a spat between the CFPB and industry associations over the scope of the Electronic Fund Transfer Act (EFTA).
/sustainable
Climate fintech Doconomy has raised EUR34 million in a Series B funding round co-led by CommerzVentures and the venture arm of UBS.
/security
Hackers are trying to sell what they claim are the bank account details of 30 million Santander customers for $2 million.
31 May 2024
/regulation
Payments giant Strip is moving to an invite-only model for new clients in India as it builds up the infrastructure to deal with an evolving regulatory landscape.
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