eToro raises $250m at $3.5bn valuation after nixing SPAC
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
Sibstar has launched in the UK in partnership with Alzheimer’s Society and Mastercard.
The acquisition is expected to be completed by the end of this year subject to customary closing conditions.
The idea that we should do one thing at a time is seemingly counterintuitive, but it is the best way forward.
Dr Adam Lowe of CompoSecure discusses how to combat the growing number of cybersecurity threats in digital payments.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
If the pilot is successful, JP Morgan intends for a wider rollout to US merchants in 2024.
Corelation says the deal is “significant” for the company due to the size of Mountain America Credit Union.
The latest funding follows the company’s $270 million Series C round held in June last year.
With the new investment, Raisin intends to accelerate its growth in the US.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Fischer brings more than 35 years of enterprise technology experience to the role.
Defining the future of banks is much more complex now than it has ever been.
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
Sky News reports founder Jayne-Anne Gadhia is in talks to either raise new funds or potentially sell the business.
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
The financial details of the acquisition, expected to close in H1 2023, have not been disclosed.
The new eSavings platform will be powered by ieDigital’s Interact software.
CryptoUK says banks limiting transactions to crypto platforms is “anti-competitive and disproportionate”.
What happens when a learning opportunity shows itself when you are not in learning mode?
The total funding is made up of a $66 million Series A equity round and a $50 million debt facility.
While the popularity of neobanks has surged in Western Europe, the Southeast remains relatively free of competition.
Seilern will utilise the cloud-native LUSID platform to optimise its investment decision making.
OKX says the move is “temporary and we are working with regulators to solve this issue”.
The FDIC will continue to provide crypto-related deposits directly to customers.
The fintech selected banking tech vendor Mambu to power its products last summer.
The Series A funding brings the total capital raised by the firm to €28 million.
Eastnets is one of the first Swift bureaus to migrate its full infrastructure for the Americas to the cloud.
The new CIO will be tasked with delivering the firm’s enterprise-wide technology renewal programme.
The Series E values the firm at $11.25 billion, the same as the company’s Series D in May last year.
Carroll says he will instead take up a position on the company’s board.
The fresh funding forms part of PhonePe’s ongoing fundraise of up to $1 billion in capital.
The central banks will conduct joint proof of concept and pilots of bilateral CBDC cross-border transactions.
Fintech innovations combined with 5G advancements could completely transform the way we conduct trade.
Subsidiaries SVB Securities and SVB Capital are not included in the filing and continue to operate.
Take a look at our highlights video from FinovateEurope 2023 in London.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Parker will invest in its product offering as it aims to expand across the US in 2023.
The firm claims it can enable businesses to streamline their payments and save on transaction fees.
With PayShap, consumers will have access to instant, real-time payments across participating banks.