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A young businessman shows the word "startup funding" with virtual icons to illustrate the Fintech alliance investment to assist startups.

Investments & Exits

Fintech Alliance Investment Series 2023 to Assist Startups

World Fintech News March 16, 2023 0

It is more difficult for young FinTech startups to raise capital in today’s economic climate. FinTech Alliance, a digital ecosystem funded by the UK Government, is hosting an investment series in 2023 between April to June. It assists startups in learning about their funding alternatives,

A double exposure image of a businessman holding a digital earth and stock analysis chart with global money symbols illustrates global Fintech investment.

Investments & Exits

Highlights from KPMG’s Study on Global Fintech Investment

World Fintech News March 15, 2023 0

On Friday, a survey revealed that the fintech business drew 164.1 billion dollars over 6,006 agreements in 2022, down from the peak of 238.9 billion dollars, spanning 7,321 agreements in 2021. As per KPMG’s ‘Pulse of Fintech H2-2022’ study, the payments industry remained the most robust fintech sector worldwide, drawing 53.1 billion dollars. Investment in

A man holds in his hands a puzzle with the inscription - credit facility illustrates Marco's SME Trade Finance Boost.

Investments & Exits

SMEs Get Boost With Marco’s $200m Credit Facility

World Fintech News March 14, 2023 0

Marco, facilitating trade financing platforms for small and medium-sized enterprises (SMEs), has been granted a $200 million credit line. Marco also revealed that it had secured $8.2 million in equity funding, with Arcadia Funds as the lead investor. As per the latest news reports, the company representatives have said they combine cutting-edge decision-making software

Investments & Exits

Navigating the Risks & Opportunities of UK’s Britcoin

World Fintech News February 16, 2023 0

The UK Treasury and England Bank have introduced a central bank digital currency (CBDC), or ‘digital pound’ also known as Britcoin. The CBDC purpose is to encourage efficiency and innovation in payments and keep the UK in line with a growing number of forward-thinking nations. The digital currency will be equal to cash, so £5 […]

Investments & Exits

FXCM Settles $6.5m Lawsuit After 6 Year Battle

World Fintech News February 6, 2023 0

The legal representatives of Global Brokerage, Inc., formerly known as FXCM Inc. (FXCM), William Ahdout and Drew Niv, have reached a settlement with the lead plaintiffs of the action lawsuit, E-Global Group, Inc., Shipco Inc., and L.P. On 3 Feb 2023, court documents seen by Finance Magnates showed that the proposed settlement amount was $6,500,000. […]

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Investments & Exits

CarDekho Group to invest $100 Mn. in its fintech section

World Fintech News January 28, 2023 0

On November 7, CarDekho, the IPO-bound group announced that it is going to pump in $100 million in Rupyy, its fintech arm, which offers financing help to retailers and those interested in buying cars. The capital, that will be made in a combination of equity and debt, will serve to scale both the tech stack […]

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Investments & Exits

HSBC Opens HO in Singapore- What Are the Implications?

World Fintech News January 27, 2023 0

As a result of its prolonged commitment to Asia in general and Singapore in particular, HSBC has given a statement in its recent press release about the official unveiling of its new corporate headquarters at Marina Bay Financial Centre Tower 2 (MBFC). Over 140,000 square feet of floor space is available on the upper floors […]

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Investments & Exits

Bold Finance Obtains 1.5 Million USD in Seed Funding

World Fintech News January 27, 2023 0

Bold Finance, a financial technology startup, announced that it has procured 1.5 million USD in a round of seed funding under the guidance of Kae Capital. Bold Finance’s current investor Antler India also joined the round, along with angel investors such as Nitin Gupta (Uni Cards), Ishpreet Gandhi (Stride Ventures), Shashikant Dola (McKinsey & Company), […]

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Investments & Exits

Rural Fintech Firm Lands $35M

World Fintech News January 13, 2023 0

SarvaGram, a rural Fintech firm based in India, has raised $35 million in its Series C funding round. Elevar Equity, TVS Capital Funds Elevation Capital, and Temasek participated in the round. SarvaGram, founded in 2019, provides customized financial products to individuals living in rural India, which currently includes more than eighty million families, as per […]

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Investments & Exits

SteelEye Leads the Way- Excellent Fundraising!

World Fintech News October 22, 2022 0

SteelEye, a SaaS platform for regulatory reporting, has raised $21 million in the second round of fundraising handled by Ten Coves Capital. This is the largest raise for a European RegTech company in 2022. with additional funding from Fidelity International Strategic Ventures, Illuminate Financial, Beacon Equity Partners, and a private investor. The funds will be […]