For the most recent details about the financial market, technology used in finance, and much more, iTMunch is your up-to-the-minute source. Keep reading iTMunch for the latest finance news!
UK-based fintech & SaaS company ARKK raises Ā£7 million
Riddhi Jain,
5 years ago
2 min read
A London-based fintech and Software-as-a-Service (SaaS) firm ARKK has secured funding of Ā£7 million from its existing investors. ARKK helps in the automation of the finance function of an organization by replacing traditional and outdated tools with improved smart technology.Ā The freshly secured funds will...
Fintech unicorn Monzo appoints first-ever female US CEO
Riddhi Jain,
5 years ago
2 min read
United Kingdom-based challenger bank Monzo has recruited Carol Nelson as its first-ever female US Chief Executive Officer to lead the fintech unicorn’s expansion in the states. In May 2020, the Co-founder of Monzo, Tom Blomfield stepped down as CEO and moved to the President slot...
Hire now, pay later firm Playter Pay raises Ā£1 million
Riddhi Jain,
5 years ago
2 min read
One of United Kingdomā€™s fastest growing companies, Playter Pay announced that it has raised Ā£1 million in a funding round led by several investors. The round consisted of both debt and equity which will allow the ‘Hire now, pay later’ company help small and medium-sized...
Cashplus Granted Full Banking License by Regulator PRA
Riddhi Jain,
5 years ago
3 min read
UK-based financial technology company Cashplus has finally received a full banking license from the Prudential Regulation Authority (PRU). The fintech has been serving as an e-money institution for several years, Cashplus will now provide its customers as a regulated bank. The credit card lender for...
Fractional share trading platform Wombat Invest raises Ā£2 million seed fund
Riddhi Jain,
5 years ago
2 min read
London-based investment and trading app Wombat Invest secured Ā£2 million in a venture funding round after setting up the business from its 2018 crowdfunding round of about Ā£250,000. The 2 million funding round for the fractional share trading platform was led by Fuel Ventures, a...
SumUp Acquires Paysolut: Expanding Banking Solutions
Riddhi Jain,
5 years ago
3 min read
B783 London-headquartered mobile payments firm SumUp has announced the acquisition of Paysolut, a core banking solutions provider. Post the acquisition, Lithuania-based Paysolut will remain an independent company, from the management point of view. It will also have access to a massive customer base of 3...
Limepay gears up for IPO on the ASX by making 7 high-profile hires
Riddhi Jain,
5 years ago
2 min read
Australian buy now, pay later fintech Limepay is on an ‘all-hands-on-deck’ mode as it is progressing towards its listing on the Australian Securities Exchange. The fintech has managed to raise about $30 million in the past 1 year to add 7 high-profile hires to the...
NAB agrees to acquire neobank 86 400 for AU$220 million
Riddhi Jain,
5 years ago
3 min read
Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%.Ā NAB said that the...
CommBank’s x15ventures makes 2 significant appointments
Riddhi Jain,
5 years ago
3 min read
x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...
RegTech firm Kyckr partners with fraud-prevention tech provider FrankieOne
Riddhi Jain,
5 years ago
2 min read
ASX-listed regulatory technology firm Kyckr Limited has announced a partnership with Australia’s leading fraud-prevention platform provider for fintechs, banks and financial institutions, FrankieOne. Through this partnership, clients of FrankieOne will get access to primary-source corporate information through the global registry network of Kyckr for their...
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