ClearScore Secures £30M Debt Financing from HSBC to Expand Operations
ClearScore secured £30M in debt financing from HSBC Innovation Banking. The funding will support growth, acquisitions, and product expansion. ClearScore…
FinTechs Expect New Regulatory Landscape to Open Doors for Growth
Financial institutions may be more open to FinTech collaborations under changing regulations. Artificial intelligence and automation will play key roles…
FinTech Firms Expand Banking Services with Cards and Deposits
FinTech firms like Block and PayPal grow banking services with cards and deposits. Affirm’s user base expands with a 113%…
MercadoLibre Reports Higher Sales and Expanding Credit Business
MercadoLibre’s gross merchandise volume rose 8% to $14.5 billion. Unique active buyers increased by 24%, while total payment volume surged…
Federal Grand Jury Investigates Synapse’s Bankruptcy and Missing Customer Funds
Federal prosecutors are investigating Synapse’s bankruptcy and missing customer funds. Disputes between Synapse and its banking partners complicate accountability for…
Federal Reserve Governor Urges Banking Regulations to Support Innovation
Bowman emphasized that banking regulations should not hinder innovation and competitiveness. She raised concerns about supervisory ratings prioritizing non-core risks…
Moneyhub Shuts Down Consumer App and Cuts Jobs to Focus on B2B Services
Moneyhub is shutting down its consumer app to focus on B2B services. The restructuring includes layoffs, with reports indicating around…
Monzo’s COO Sujata Bhatia Resigns After Five Years
Monzo COO Sujata Bhatia is leaving the company after five years. Monzo has grown to 10 million customers and plans…
Mundi Secures $2.5M to Expand Financial Services for Turkish SMEs
Mundi raised $2.5M to expand financial services for Turkish SMEs. The company provides cross-border trade solutions, including free virtual accounts…
Investor Cuts Pleo Valuation by 26%, Reflecting Fintech Challenges
Pleo’s valuation dropped 26% year-on-year, reflecting an implied valuation of $1.62 billion. Kinnevik cited profitability measures and planned investment in…
