KPay Secures $55M in Record-Breaking Series A Funding
Singapore-based KPay Group has closed a $55 million Series A funding round, marking the largest Series A in the global payments sector for 2024. Driving Rapid Growth Across Asia Since its founding just three years ago, KPay has achieved a ... Read More
EBAday 2025 Opens Applications for Fintech Zone Pitch Contest in Paris
Finextra and the Euro Banking Association (EBA) are inviting fintech startups and scale-ups to apply for the Fintech Zone at EBAday 2025, the premier European payments and banking summit. Showcase Innovation to Banking Leaders EBAday 2025 ... Read More
Lumin Digital Secures $160M in Growth Equity to Expand Digital Banking Solutions
Lumin Digital, a cloud-native digital banking platform, has raised over $160 million in growth equity financing from prominent investors, including Light Street Capital, NewView Capital, and Partners Group. Founded in 2016, Lumin Digital ... Read More
Deel Acquires Wise Rival Atlantic Money to Bolster Payment Capabilities
Deel, a global payroll provider, has acquired UK-based fintech Atlantic Money, which was established to challenge Wise in the money transfer market. Founded in 2022 by former Robinhood employees, Atlantic Money offers a fixed-fee model, ... Read More
UK Moves Forward with Digital ID Initiative for Businesses
The UK is making strides toward the creation of a digital company ID, aimed at enhancing business efficiency and reducing fraud, according to the Centre for Finance and Innovation Technology (CFIT). Over 70 organizations, including major ... Read More
Tembo Secures £14 Million in Series B to Expand Savings and Mortgage Solutions
London-based Tembo, a digital savings and mortgage platform, has raised £14 million in a Series B funding round led by Goodwater Capital, with participation from existing investors including Aviva, Ascension Ventures, Love Ventures, and ... Read More
MUFG Acquires WealthNavi for $664 Million in Strategic Expansion
Mitsubishi UFJ Financial Group (MUFG) has announced plans to acquire 100% ownership of Japan’s leading robo-advisor, WealthNavi, for $664 million. MUFG, which acquired a 15% stake in WealthNavi in February, is now offering 1950 yen ... Read More
Commonwealth Bank Leverages AI to Slash Fraud Rates by 50%
Commonwealth Bank of Australia (CBA) has reported significant success in combating fraud through the early adoption of Generative AI (GenAI) technologies. At a strategic update in Sydney, the bank revealed how its AI-powered tools have ... Read More
Norwegian Krone to Join Eurosystem’s Instant Payment Service by 2028
Norway has officially partnered with the Eurosystem’s Target Instant Payment Settlement (Tips) service, planning to add the Norwegian krone (NOK) to the system by the first half of 2028. This integration aligns Norway with its Nordic ... Read More
SumUp Surpasses 1 Billion Transactions Annually, Stays Cool on IPO Plans
UK-based payments group SumUp has achieved a significant milestone, processing over one billion transactions annually. Despite its success, the fintech giant remains in no rush to go public. Initially focused on payments, SumUp has ... Read More