Challenger bank for UK SMEs, Allica, secures additional £55m funding
The total funding raised by Allica Bank now stands at £285 million.
The total funding raised by Allica Bank now stands at £285 million.
Neotrade provides financing for SMEs using an AI-based scoring system.
Allica Bank is live with Mambu’s core, while Plazo will use the vendor’s tech to support its lending business.
The challenger bank laid off 45 of its employees last month.
Financial institutions must start allowing access to DeFi functionality through their banking and insurance services.
We chat with Josh Rowland of Lead Bank to discuss how community banks can compete in a digital world.
Lancaster will be responsible for leading GB Bank as it gears up for launch in Q3 2022.
Kroo says it will use the funding to further its growth and development.
Brand New Day has partnered with Sentinels to build a “future-proof” compliance infrastructure.
As part of the deal, Mastercard has also invested in HyperPay, leading a $40 million funding round.
Lessons from neobanks, start-ups and paytechs to exploit these substantial revenue opportunities.
A handy round-up of the recent funding endeavours of fintech companies across North America.
Moneybase has built its new offering on Compass Plus Technologies’ TranzAxis platform.
Starling Bank CEO Anne Boden delivered a keynote speech at the Finovate Spring conference in San Francisco.
Our weekly fintech round-up for you to get the latest funding news from around Europe.
Atom Bank’s new CTO wants to take the bank’s technology “to the next level”.
BforBank is the fully digital banking offering from French international banking group Crédit Agricole.
Nomad previously raised a $20 million Series A round in July 2021.
Exciting open vacancies at Monzo, Hazy and Tandem Bank. Apply today!
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Ziraat Bank and a challenger bank will implement a broad range of Oracle FS tech.
The hires at Wio follow the digital bank’s licence approval by the Central Bank of the UAE.
MDI aims to drive financial inclusion within Egypt.
Column is the only nationally chartered developer infrastructure bank in the US.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Tricount is a group expense management app that allows users to balance their expenses with friends.
The Series D round was led by IIFL with participation from existing investors Temasek, Tiger Global, and 3one4 Capital.
The German neobank is looking to innovate around the future of work for bank employees.
A handy round-up of the recent funding endeavours of Asian fintech firms.
The latest round takes Copper’s total capital raised to date to $42.3 million.
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
The challenger plans to “build a war chest for acquisitions”.
Advances in AI and ML could help neobanks better protect themselves against cybercrime.
The FCA review found some UK challenger banks have “weaknesses” with regards to financial crime controls.
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
Finovate’s Greg Palmer on how the pandemic accelerated the digitisation of financial services.
The firm’s app currently has a waitlist of over 15,000 people.
Following the Series A, Umba has now raised a total of around $17.5 million to date.
Tom Wood will also join the firm’s UK Bank Board, reporting to group chief executive and founder Anthony Watson.