UK challenger Kroo looks to raise £70m Series C as it takes on banking transparency
Kroo is looking to family offices, institutional investors, VCs and private equity in the UK, US and Europe.
Kroo is looking to family offices, institutional investors, VCs and private equity in the UK, US and Europe.
The company had previously been operating in the UK under the FCA’s Temporary Permissions Regime.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Current deputy CEO Birgit Rutishauser will assume the position of interim CEO from 1 October.
The London-based start-up becomes one of the first firms to secure an unrestricted bank licence in 2023.
Chai succeeds Ravi Menon as managing director, who only renewed his term in May.
The bank is seeking to align with the UK’s incoming New Payments Architecture and new ISO 20022 standards.
With the fresh investment, ThetaRay plans on expediting its international expansion “across continents”.
Altalix was one of the first cryptoasset firms to be registered with the UK’s Financial Conduct Authority (FCA).
The acquisition includes an additional $150,000 payment dependent on MIntegrity’s financial performance.
Open banking payments increased 9.3% between June and July this year.
The Economic Crime and Corporate Transparency Bill could revolutionise how the UK fights financial crime.
As of 22 September, Mastercard will be ending its four pilot co-branded Binance card programmes.
In this episode of the podcast, we’re joined by Helene Panzarino of the London Institute of Banking and Finance.
The acquisition is subject to regulatory approvals.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
We ask three experts what they think could be the next big thing that will completely transform the industry.
It is the first-ever electronic communication fine issued in Great Britain relating to trading energy products.
Dr Anandhi Vivek Dhukaram PhD drops the advice she would give herself if she could go back to when she founded Esdha.
The SEC says the fine should serve as “a warning for all advisers to ensure compliance”.
As Turkey’s first digital bank, ColendiBank is aiming to reach 50 million customers regionally.
Under the terms of the deal, W2 will now trade as ‘W2 by FullCircl’.
In the UK, 3.1 million adults use cash to pay “for everything or most things”.
Issuers in Singapore will have to fulfil requirements to be recognised and labelled as “MAS-regulated stablecoins”.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
With the approval, TerraPay is now looking to expand within Italy and subsequently across the European Union.
Frank Zhang, “a fintech, ISO standard certification and sustainability veteran”, will lead the new subsidiary.
Gailly has been active in Luxembourg’s financial services industry for the last 25 years.
The SEC has leveraged 30 enforcement actions to date against firms failing to comply with recordkeeping requirements.
The move comes amid major regulatory enhancements for crypto set by the Canadian financial regulator.
The UK’s largest banks and building societies have until 25 August to supply the information.
Paytrix describes Redmond as a “heavyweight of Ireland’s financial services sector”.
The formation of the AGG will ensure that the digital pound can be “accelerated” if given the green light.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The Italian parliament has 60 days to bring the proposed tax into law.
Payabl. says the authorisation will “unlock significant opportunities” as it looks to expand across the UK.
The average loss to loan fee fraud in the UK is £260.
UAB TransferGo Lithuania has already submitted a plan to the central bank to remedy the deficiencies.
The funding comes as part of a renewal of the Financial Sector Technology and Innovation Scheme (FSTI 3.0).