General News

APAC Deal Activity Down by Nearly 20% YoY in First 2 Months of 2024 – Research Report

A total of 1,843 deals (mergers & acquisitions [M&A], private equity and venture financing deals) were announced in the Asia-Pacific (APAC) region “during January-February 2024, which is a year-on-year (YoY) decline of 19.6% compared to the 2,292 deals announced during the same period in previous… Read More

Startup Compensation and Hiring Experience Reset as VC backed Firms Face Bear-Market – Report

As VC-backed startups continue to contend with bear-market headwinds, startup hiring and compensation have undergone a reset, according to an update from Carta. Last year marked a startup employment contraction: There were more total job departures from companies on Carta in 2023 than there “were… Read More

TransUnion Technology Transformation Enhanced with OneTru, a an AI-enabled Data Tool

TransUnion (NYSE: TRU) technology transformation is reportedly set to reache its next phase with the introduction of OneTru, a platform that is said to be built for AI-powered data collaboration. The OneTru solution enablement platform reportedly capitalizes on “the company’s authoritative data assets, cloud-enabled infrastructure… Read More

NatWest Group Announces Investment in Payments Fintech Icon Solutions

NatWest Group has announced a strategic minority investment in Icon Solutions, a fintech provider of payments technology and consultancy services. The investment follows the news last September that NatWest “selected Icon Payments Framework (IPF) to accelerate the bank’s payments modernisation.” Launched in 2020, IPF is… Read More

Digital Bank Grasshopper Bolsters PE and VC Banking Efforts with Key Appointment

Grasshopper has announced Gabrielle Piasio’s addition as Senior Vice President of Sponsor Banking. This move marks the bank’s continued commitment to providing comprehensive lending and depository solutions to companies of all stages. In this role, Piasio is expected to help move the banking institution’s strategic… Read More

Switzerland: Levenue Acquires Fintech MidFunder

Levenue, a revenue-based financing company, has acquired MidFunder, a Zurich-based Fintech that provides financing for companies with recurring revenue. The acquisition marks a strategic move to enhance its Swiss operations. As entrepreneurs and early-stage investors, Patrick Frei, Founder of MidFunder, and Pascal Schumperli, Co-Founder, identified… Read More

Private Equity Fundraising Declined Globally to $554B in Past Year – Report

Private equity fundraising declined by around 1.2% globally to $554 billion last year, according to data shared by PitchBook. And the number of funds declined by around 46% to 647 from 1,192. Funds of $5 billion or more reportedly accounted for almost 50% of 2023’s… Read More

Real Estate Market Report: Properties Listed in Early June Sell for $7,700 More

Spring home sellers looking to maximize their sale price may want to wait it out and list their home for sale in the first half of June, according to an update from real estate firm Zillow (Nasdaq: Z and ZG). A new Zillow analysis of… Read More

Eye Security Reports €36M Series B Round to Enable Cybersecurity Across Europe

In a significant leap forward for the cybersecurity sector, Eye Security has announced a €36 million Series B investment led by J.P. Morgan Growth Equity Partners with participation from existing investors Bessemer Venture Partners and TIN Capital. The funding round marks “a new chapter in… Read More

France Crowdfunding: Financement Participatif France (FPF) Highlights Participation of Female Investors, Employees

Financement Participatif France (FPF), the French Crowdfunding Association, has distributed an X that highlights women’s participation in the securities crowdfunding sector. Notoriously, the VC sector has supported fewer female-founded firms than crowdfunding platforms. Recently, Financement Participatif posted a report on investment crowdfunding activity in the… Read More

IQ-EQ Appoints Romain Mifsud as CCO for France and Switzerland

IQ-EQ, a global firm focused on investor services, has appointed Romain Mifsud as Chief Commercial Officer for activities in France as well as Switzerland. With 14 years’ experience in the private market industry, Romain reportedly “specializes in private equity, real estate, private debt and securitisation.”… Read More

UK’s Starling Bank Appoints Raman Bhatia as Group Chief Executive Officer

Starling Bank announces the appointment of Raman Bhatia as Group Chief Executive Officer. He will take over from John Mountain, who has “been acting as interim CEO since our founder Anne Boden announced she was stepping back from the role last year.” Raman is currently… Read More

Derivatives Data and Insights Service Launched by SmartStream Reference Data Services

SmartStream Reference Data Services (RDS), a provider of financial reference data, has announced the launch of an enhanced derivatives data service, providing in-depth insights into futures related transactions. This expansion is said to be crucial for “meeting EMIR Refit reporting requirements.” The EMIR Refit initiative… Read More

Deloitte Introduces InvestAcceleration, an Industry Accelerator for Investment Management from Workday

Deloitte announced the launch of InvestAcceleration, a new suite of solutions designed specifically for the investment management industry and is an industry-specific approach to implement Workday Financial Management. InvestAcceleration, helps investment management firms “address risks and challenges, including lack of agility, complex workflows and disparate… Read More

UK Businesses Report Increased Activity, As Business Confidence Improves

The latest NatWest Regional PMI survey showed business activity “growing across most parts of the UK in February.” Business confidence also generally picked up amid “a more broad-based improvement in underlying demand.” Labor market trends remained more varied, however, “with firms in most areas reporting… Read More

UK Report on Jobs: Recruitment Activity Continued to Weaken Midway Through Opening Quarter of 2024

Recruitment activity across the UK continued to weaken midway through the opening quarter of the year, according to the latest KPMG and REC, UK Report on Jobs survey, compiled by S&P Global. Ongoing economic uncertainty and hesitancy “to commit to new hires amid cost pressures… Read More

Green Dot names Melissa Douros CPO

Green Dot Corporation (NYSE: GDOT), a digital bank and Fintech that offers consumers and businesses banking and payment solutions, this week announced the appointment of Melissa Douros as chief product officer. Douros will lead Green Dot’s product design and development team, with a focus on… Read More

Corporate Venture Capital backed Deals Fall as Industry Participants Shield Themselves from Volatile Tech Market – Report

Corporate venture capital-backed deals and dollars fall to multi-year lows as CVCs shield themselves from the volatile tech market, according to a report from CBInsights. CBInsights noted in its latest update that the corporate venture capital (CVC) market has constricted “amid corporate belt-tightening and subdued… Read More

Payments Fintech PPRO Announces Key Appointments to Support Legal and Compliance Processes

PPRO, the local payments platform, has announced the appointment of three new senior leaders across legal and compliance: Selene Brett as Chief Legal, Risk and Compliance Officer, Marc Kuzak as Legal Director, and Massimiliano Conte as Compliance Director. Through these new appointments, PPRO is bolstering… Read More

Goldman Sachs Small Businesses: 63% Give Federal Government a C or Below

As President Joe Biden prepares to deliver the State of the Union Address when he expected to tout the successes of Bidenomics,” the reality may be slightly different according to a recent survey the federal government is failing when it comes to supporting smaller firms…. Read More

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