British Business Bank Commits Further £10M to SFC Capital

The British Business Bank has announced a £10 million allocation to SFC Capital through its Regional Angels Program. This latest injection brings the bank’s overall support for the firm to £35 million, underscoring sustained confidence in SFC’s capacity to bridge funding gaps in underserved areas…. Read More

Revolut Intensifies Compliance Efforts in Lithuania Following High Volume of Suspicious Activity Reports 

Digital bank Revolut is taking decisive steps to strengthen its anti-fraud and compliance measures in Lithuania following revelations from local authorities about the outsized share of suspicious transaction alerts originating from its platform. The development highlights the challenges faced by fast-growing fintech firms in balancing… Read More

SE Asia’s Xendit Integrates Philippines’ Dragonpay Into Regional Payments Platform

Payments infrastructure company Xendit has integrated Philippine payments provider Dragonpay into its regional platform, giving Dragonpay merchants access to more than 100 payment methods, payouts, cross-border payments and financing. The announcement does not involve a new acquisition or share transaction, a Dragonpay spokesman told Crowdfund… Read More

Payfuture’s India Shopify Integration Leads This Week’s Fintech Product Announcements & Partnerships

An interesting integration connecting Payfuture and Shopify highlights this week’s fintech partnerships and product announcements. Payfuture launches Indian Shopify integration Merchants using Shopify can now enable Indian payment methods, including Unified Payments Interface (UPI) and NetBanking, through a single connection with Payfuture’s payment app. Stablecoin… Read More

Investment Platform eToro Introduces AI-Powered Mobile App to Streamline Investing

eToro (NASDAQ:ETOR), a global trading and investing platform, introduced a new mobile application during its “Intelligence in Motion” event held in London. This launch marks a significant evolution in how retail investors engage with financial markets, emphasizing an experience that is more intuitive, proactive, and… Read More

CFTC Urged To Clarify Rules For Fintech Access To Sports Prediction Markets

ProphetX, America’s first sports-native prediction market, has asked the US Commodity Futures Trading Commission (CFTC) to clarify how registration requirements should apply to technology companies that give customers access to federally regulated sports event contracts. The company made the request in a comment letter responding… Read More

Indian Microfinance Firm Arohan Financial Secures $30m Investment Commitment

Indian microfinance lender Arohan Financial Services Ltd has secured an investment commitment of up to $30 million to support the expansion of its loan portfolio and icnrease access to creadit for low-income borrowers, according to project document seen by Crowdfund Insider. The commitment comes from… Read More

Digital Bank Revolut Focuses on European Business Operations with Key Appointment

Digital bank Revolut has strengthened its executive team with the addition of a senior figure from one of the world’s largest financial institutions. Kuba Fast, who most recently headed JPMorgan Chase’s UK digital banking arm Chase UK, has taken on the role of CEO for… Read More

Klarna, Databento & Backbase Highlight This Week’s Fintech Fundings and Acquisitions

A busy week for Klarna highlights this week’s fintech raises and acquisitions. Klarna announces €900M German facility It’s Klarna’s first forward flow and warehouse financing agreement in Germany. Under the two-year agreement, Klarna has sold a portfolio of its German Fair Financing term loans and… Read More

Block Reaches $45 Million Settlement with 46 States Over Cash App Fraud Allegations [U]

Fintech firm Block Inc. (NYSE: XYZ), the company behind the popular peer-to-peer payment platform Cash App, has agreed to pay $45 million and implement significant operational changes to resolve a multistate investigation. Attorneys general from 46 US states accused the firm of misleading consumers about… Read More

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