Credit card start-up Yonder bags £62.5m in equity and debt funding
The fresh funding gives Yonder a post-money valuation of more than £70 million.
The fresh funding gives Yonder a post-money valuation of more than £70 million.
In this podcast episode we talk about Monese and what makes it so special and successful.
Paynetics was previously operating in the UK under the FCA’s Temporary Permission Regime.
The new offering will provide Virgin Money customers with three investment funds to choose from.
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
The FCA ordered WealthTek to cease all operations last week, citing “serious regulatory and operational issues”.
The company raised £1.5 million in a seed funding round last year.
Wheelwright was previously the CIO of the UK Health Security Agency.
The UK’s Payment Systems Regulator has published its key aims, activities and budget for the next year.
Launched in 2021, Wellet is a card payment app that uses similar technology to UTP Group’s Tapeeno.
Enigio’s solution creates digital documents that can be used where an ‘original’ document is required.
Loop will continue to operate as a standalone brand and app following the acquisition.
FinTech Futures chats with three ethical fintech firms operating in the UK.
With the new funding, TerraPay plans to expand its services in Latin America and the MENA region.
Rather than offload a 15% stake in the group this year, HM Treasury has pushed the date back to August 2025.
The new combined UK entity will have around £100 billion in funds under management.
Railsr board chair Rick Haythornthwaite says the new appointments bring “renewed energy” to rebuild the firm.
The company will use the new capital to expand its global presence and hire more engineering staff.
Together, both firms will now serve over 6 million customers globally.
In his previous role, Bring served as CCO at paytech Nuvei.
Carroll, who was previously chief product officer at Experian, has more than three decades of industry experience.
Clim8 says it has been unable to secure further venture capital to fund the business.
Onfido’s solution allows The Co-operative to meet regulatory requirements and customer preferences.
Scallop will utilise tell.money’s gateway service to ensure PSD2 open banking compliance.
The Series A follows a pre-seed funding round held last year, when it raised £5 million.
Therese Chambers and Steve Smart will work as joint executive directors of enforcement and market oversight.
Phos enables merchants to accept payments directly from NFC-enabled Android devices.
Chad Ryan joins as chief financial officer and Dora Grant as chief risk officer.
The firm plans to roll out its business payments, expense management and current account products throughout Europe.
It says many firms present “an unacceptable risk of harm” to their customers.
Sibstar has launched in the UK in partnership with Alzheimer’s Society and Mastercard.
VRPs will allow Plend customers to change their payment schedule to suit their financial circumstances.
Sky News reports founder Jayne-Anne Gadhia is in talks to either raise new funds or potentially sell the business.
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”.
Cable says its tech will help Griffin “monitor, identify, and address financial crime control risks”.
Seilern will utilise the cloud-native LUSID platform to optimise its investment decision making.
Users will be able to fund scientific projects of their choice through their day-to-day payment activities.
The deal is expected to close in Q2 2023 and the business will continue to trade under the Bluestone brand.
The firm claims it can enable businesses to streamline their payments and save on transaction fees.