July 22, 2024 @ 8:53 am By Omar Faridi  |  

Midlands Engine Investment Fund II has announced its first major equity deal. Aircraft robotics firm True Position Robotics has raised £1 million to support business expansion. The British Business Bank has announced the first deal from the Midlands Engine Investment Fund II “with a £1… Read More

 Tagged british business bank, investment fund, true position robotics, uk, united kingdom

July 22, 2024 @ 5:03 am By Omar Faridi  |  

MNT-Halan, an Egyptian FinTech firm and the nation’s first unicorn, has reportedly finalized a new investment round, acquiring a total of $157.5 million. This new funding round included contributions of $40 million from the International Finance Corporation (IFC), while the other funds were provided by… Read More

 Tagged egypt, funding round, mena, mnt-halan

July 21, 2024 @ 11:38 pm By Tony Zerucha  |  

Executives from two Fintech companies believe this week’s system outages could hurt SMEs the most and highlight the need for additional resiliency in an increasingly connected world. The past seven days began with an outage at CHAPS. While it was temporary, it significantly affected European… Read More

 Tagged Cashflows, chaps, decta, Hannah Fitzsimons, payments systems, scott dawson, uk, united kingdom

July 21, 2024 @ 8:20 pm By Omar Faridi  |  

Blockbuster deals to Stripe and AlphaSense buoy an otherwise flat quarter for the Fintech sector, according to an extensive update from CBInsights. On the surface, Q2’24 was a return “to growth for fintech, with funding increasing 19% quarter-over-quarter (QoQ) to $8.9B,” the CBInsights report revealed…. Read More

 Tagged alphasense, cbinsights, fintech trends, research, stripe

July 21, 2024 @ 8:04 pm By Omar Faridi  |  

Clear Street, a cloud-native financial technology firm on a mission to modernize the brokerage ecosystem, has entered into a definitive agreement to acquire Instinet’s Fox River algorithmic trading business. Fox River provides a comprehensive “suite of algorithmic execution solutions in US and Canadian equities.” These… Read More

 Tagged acquisition, clear street, cloud, financial technology, fox river, instinet

July 21, 2024 @ 7:07 pm By Omar Faridi  |  

FIS (NYSE: FIS), a global firm focused on financial technology, announced the launch of its new SMB Digital Lending solution. Created in partnership with Lendio, the nation’s small business financial solutions technology platform, the solution aims to “reduce the barriers to funding for small and… Read More

 Tagged digital lending, financial technology, fis, smbs

July 21, 2024 @ 7:06 pm By Omar Faridi  |  

9Spokes, a global data platform, announced the launch of its new Cashflow forecasting product, a tool designed for integration within the digital platforms of financial organizations. This offering provides small and medium-sized businesses (SMBs) with “automated, predictive cashflow management and forecasting capabilities.” A recent study… Read More

 Tagged 9spokes, cashflow forecasting, data, integration

July 21, 2024 @ 6:56 pm By Michael Wong  |  

The Central Bank of the UAE (CBUAE) and Bank Indonesia (BI) have signed a Memorandum of Understanding (MoU) to enhance bilateral cooperation in payment systems. This agreement was formalized during a visit to the UAE by Indonesian President Joko Widodo. The MoU, signed by Khaled… Read More

 Tagged central banks, cross-border payments, indonesia, uae

July 21, 2024 @ 6:54 pm By Omar Faridi  |  

Matera, a banking software provider, announced a $100 million investment from Warburg Pincus, a global growth investor. The investment will be used to fund the company’s “expansion into the North American market and further expand product development.” Founded in Brazil, Matera is a technology “provider… Read More

 Tagged banking, matera, software, warburg pincus

July 21, 2024 @ 6:49 pm By Tony Zerucha  |  

The co-founder of a cloud platform for global card processing insists that recent payment systems outages are the price the world pays for widely used yet outdated infrastructure. Robert Kraal is the CBDO of Silverflow, which offers a cloud-native solution with a single API for… Read More

 Tagged chaps, payments, Robert Kraal, silverflow, swift