Block’s Cash App withdraws bid for Irish virtual asset licence
Cash App had been pursuing a VASP licence in the country since 2021.
Cash App had been pursuing a VASP licence in the country since 2021.
The Series D funding round takes InCred Finance’s valuation up to $1.05 billion.
Scotiabank first bought its 20% stake in May 2014 for around $460 million.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The rules state that instant transfers must not cost more than standard services.
The regulator recently reviewed how firms tackle fraud and handle complaints from customers.
Exploring hiring strategies and how to build a successful roadmap for a long-term vision.
Goldman Sachs bought the GM credit card business for $2.5 billion in October 2020.
The latest cash injection brings Arch’s total funding to date to over $25 million.
The bank will deploy FusionIQ’s cloud-native Digital Advice platform.
O’Connor joined the bank five months ago following GoSimpleTax’s acquisition of Coconut.
Bloomberg reports that an official announcement regarding the potential acquisition could arrive within a week.
Dubai Investments has acquired an additional 7.68% equity stake in the bank.
The proposals will target 17 companies who control 88% of the market share.
SimCorp and Axioma are both subsidiaries of the Deutsche Börse Group.
In an announcement on its website, Cardeo says it failed to secure funding “required to continue as a business”.
The challenger bank wants to focus its efforts on its “core markets”, namely Germany, France, Spain and Italy.
Founded in 2022 and based in Texas, Black Ore offers an AI automation platform for financial services businesses.
Travelex CCO Cameron Hume is also transitioning into the role of global wholesale director.
Woodhead joins from 10x Banking, where he worked for over five years following a decade-long stint at Barclays.
The start-up aims to bring SmartPOS, Tap-to-Phone and BNPL payment solutions to physical merchants.
Pismo is to support AtPay’s BNPL and card management programmes, ahead of its Q1 2024 launch.
With 20 years of experience in engineering and product management, Baghaei joins Jeeves from Early Warning.
OakNorth’s new product is currently in a phased beta, with businesses being invited to sign up to a waitlist.
The company’s website and app with cease to operate from 10 November.
The financing will enable MPOWER to issue more loans to international students studying in the US and Canada.
Volt says Henderson joins at a “critical inflection point” for the company.
The funding brings the total external investment in the firm to $116 million to date.
Hugh founded digital insurance platform Brolly in 2016, which was acquired by Direct Line Group in 2020.
Currently operating as an invite-only service, Prosper is slated for public launch in Q1 2024.
The portfolio comprises $35 million in invoice finance and a further $5 million in trade finance.
A new cartoon illustrating how the perceptions of Bitcoin have changed in recent times.
As part of the acquisition, Elastech CEO Scott Llewelyn will join Bond.AI to lead its professional services division.
Wefox plans to boost its global expansion efforts, with a focus on mergers and acquisitions.
Klarna describes the UK holding company as “an important early step on a journey towards an eventual IPO”.
Cora+ leverages generative AI to draw on multiple different information sources to answer customer queries.
Jifiti says it can now provide clients with a broader range of payment products and pan-European solutions.
Erny succeeds outgoing president and CEO Jim Spradlin, who is retiring after 29 years at the credit union.
With Ripple, Georgia’s central bank aims to explore use cases and potential benefits of having a digital currency.