Tonik launches as the first Neobank in The Philippines
Tonik, Southeast Asia’s first digital-only bank, launches as the first neobank in the Philippines today.
TrueLayer teams up with self-employed-focused pension provider Penfold
Self-employed pension provider Penfold has joined forces with TrueLayer, becoming the financial API provider’s latest partner.
UK trading platform eToro to go public in $10bn SPAC deal
Trading giant eToro has confirmed reports that it is due to list via a $10bn SPAC deal. The Israeli fintech announced it would go public at a valuation of $10.4bn after merging with FinTech Acquisition Corp. V (FinTech V), a publically-traded SPAC run by American businesswoman Betsy Cohen. A SPAC (special-purpose acquisition company) is a way for companies to go public without going through all the hassle and expense of an IPO (initial public offering). Cohen founded Bancorp, a bank holding company based in Minneapolis, in 1999 and subsequently FinTech V, which raised $250m when it listed on the NASDAQ in December 2020. As part of the deal, eToro will […]
Finland-based payment services provider Enfuce raises €7 million in Series-B round
Finland-based payment services provider Enfuce has raised €7 million in a recent Series-B funding.
Australian investors lag behind the global trend for passive funds and are playing catch up on ESG, Calastone research shows
The shift in investor preference for passive funds over active funds continued inexorably over the last two years, Calastone research shows.
Zip partners with Facebook to support small businesses
Leading Buy Now Pay Later company Zip has partnered with Facebook to help support small businesses with a new limited time offer.
Global fintech Railsbank partners with neobank Volt to launch in Australia
Railsbank, a leading global embedded finance platform, has launched in Australia via a partnership with the country’s first neobank Volt.
UK fintech SumUp raises €750m
UK fintech startup SumUp has raised €750m (£643m, US$893m) from several investors including Goldman Sachs and Bain Capital Credit.
