February 11, 2025 @ 11:19 pm By Omar Faridi  |  

Temenos AG (SIX: TEMN), the banking software company, announces it has signed an agreement to sell Multifonds, its fund administration software business, to Montagu Private Equity, a European private equity firm, for a total Enterprise Value of about USD 400 million including an earnout. The… Read More

 Tagged banking, montagu private equity, multifonds, temenos

February 11, 2025 @ 9:19 pm By Omar Faridi  |  

Abu Dhabi Islamic Bank (ADIB) has completed its migration to cloud-native architecture using ZERO footprint topology, becoming the first Islamic bank globally to do so. Additionally, ADIB is reportedly the first bank in the UAE / GCC region to implement Swift’s Alliance Cloud platform. This… Read More

 Tagged adib, banking, mena region, swift

February 11, 2025 @ 9:18 pm By Omar Faridi  |  

Copenhagen-based Fintech startup ReBloom has secured a €400k pre-Seed round to fuel its growth, just three months after its founding. The company aims to democratize access to unlisted stocks through its AI-driven platform, enabling investors to trade shares in private companies like SpaceX, Revolut, and… Read More

 Tagged copenhagen, europe, funding, rebloom

February 11, 2025 @ 9:17 pm By Omar Faridi  |  

Tabby, a UAE-based buy now, pay later (BNPL) player, has reportedly hired banks to prepare for an eventual initial public offering (IPO). The company is said to be in talks with HSBC, JPMorgan, and Morgan Stanley for a public offering in Saudi Arabia, potentially in… Read More

 Tagged bnpl, initial public offering, ipo, mena, tabby, uae

February 11, 2025 @ 9:16 pm By Omar Faridi  |  

finova, a UK-based cloud-based mortgage and savings software provider, has announced the launch of its new mobile-first onboarding app for savers. The app expands finova’s suite of products available for lenders and savings providers. The native app aims to simplify the savings onboarding journey, addressing… Read More

 Tagged finova, savings, uk

February 11, 2025 @ 9:15 pm By Omar Faridi  |  

Validus Risk Management, a software and tech-enabled services platform for financial risk management, announced that it has secured a $45 million growth equity investment from FTV Capital, a sector-focused growth equity firm. The minority investment will enable Validus to accelerate its go-to-market efforts, expand into… Read More

 Tagged ftv capital, funding round, risk management, validus

February 11, 2025 @ 9:14 pm By Omar Faridi  |  

Kroll, the provider of global financial and risk advisory solutions, announced the addition of Morningstar Leveraged Loan Index data and PitchBook LCD data and analytics to the Kroll Private Capital Markets Platform. These additions to the Platform equip asset managers and private credit clients with… Read More

 Tagged analytics, data, kroll, morningstar

February 11, 2025 @ 9:12 pm By Omar Faridi  |  

Payd, a Malaysian fintech specializing in Earned Wage Access (EWA) solutions, has reportedly raised a $400,000 seed extension round from A2D Ventures, Orbit Startups, and AngelSpark. This investment will now aim to accelerate Payd’s mission to enhance the financial well-being of employees across Southeast Asia…. Read More

 Tagged ewa, funding round, malaysia, payd, southeast asia

February 11, 2025 @ 3:17 pm By Tony Zerucha  |  

Brightwave, an AI-powered research and diligence platform for financial professionals, today announced a partnership with Quartr, a provider of earnings call data and investor relations materials. The integration enables investment teams to rapidly analyze public market data alongside private deal documents, helping them make faster,… Read More

 Tagged Brightwave, Briightwave, Mike Conover, Oscar Kuntzel, private market data, quartr

February 11, 2025 @ 3:15 pm By Omar Faridi  |  

The cleversoft group has reportedly completed its acquisition of Fineksus, which is the provider of financial messaging and anti-money laundering (AML) solutions in Turkey and the Middle East, after having received all the necessary regulatory approvals. The combination of both firms brings together cleversoft’s regulatory… Read More

 Tagged acquisition, aml, cleversoft group, Fineksus, turkey