At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news. Mimo lands £15.5m investment Mimo, a UK-based financial management platform for small to medium-sized businesses (SMBs), has raised £15.5 million in a funding round led by Northzone. Other participating investors include Cocoa Ventures, Seedcamp, and Upfin VC, alongside numerous angel investors and early backers including Anyfin, Stripe ..read more

At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news. ZayZoon bags $15m Canada-based ZayZoon, an earned wage access (EWA) provider for SMBs, has raised $15 million in an extension of its Series B round held last September – bringing the total amount raised during the round to $49.5 million. The fundraising round was spearheaded by Viola Fintech, with participation from new backer Intuit Vent ..read more

Compliance, credit risk and lending solutions provider Abrigo is set to bolster its accounting and risk management capabilities through the acquisition of TPG Software, a financial software developer headquartered in Houston, USA, for an undisclosed sum. Abrigo snaps up TPG Software Founded in 1991, TPG’s front to back straight through processing solution has been built to help banks, credit unions and other financial services firms streamline risk management, accounting and reporting processes for a diverse range of investments. Its offering includes functions to support trade capture, subl ..read more

UK-based Fintel, which provides specialist fintech and support services for the retail financial services industry, has announced the acquisition of fintech start-up ifaDASH. Fintel buys 70% stake in ifaDASH The deal will see Fintel acquire an initial 70% stake in ifaDASH for £500,000, with the potential for up to £1 million in additional contingent cash consideration dependent on the firm meeting specified profitability and revenue targets over the next year. Fintel also has a two-year option to purchase the remaining 30% stake in the Southampton-based fintech for an agreed multiple of EBIT ..read more

London-based regtech Global Screening Services (GSS) has secured around £37 million ($47 million) in a Series A2 funding round as the start-up “officially transitions into operational mode”. GSS secures £37 million in Series A2 funding round The firm’s latest round, which follows an initial £37 million cash injection in January 2023, featured participation from returning investors AlixPartners, The Cynosure Group and MUFG as well as new backer Commonwealth Bank of Australia (CBA). As part of its investment, CBA’s executive general manager of financial crime compliance, John Fogarty, will joi ..read more

The Federal Trade Commission (FTC) says that two US fintechs, Biz2Credit and Womply, have agreed to pay a total of $59 million to settle charges made by the commission relating to PPP (Paycheck Protection Program) loan applications. The FTC’s allegations related to “falsely promising fast processing of PPP loan applications” The FTC alleges that the companies “made false promises to small businesses seeking to take part in the PPP, delaying and sometimes preventing them from obtaining funds they needed to keep their businesses afloat during the COVID-19 pandemic”. The PPP is a loan program l ..read more

Germany-based Baader Bank is modernising its regulatory trade and transaction reporting with Broadridge Financial Solutions’ tech. Baader Bank taps Broadridge for regtech The two companies already have an established “strategic relationship”, Broadridge says, with Baader Bank using the vendor’s front and middle office solutions for order management, trading, and market connectivity. Baader Bank offers its European clients access to asset classes such as equities, bonds, derivatives, and funds/ETFs, as well as primary market transactions. Broadridge’s regtech platform will support the require ..read more

At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news. Marco raises $12m Series A Miami-headquartered fintech Marco has raised $12 million in a Series A funding round led by IDC Ventures. In addition, the round saw participation from Arcadia Funds, Barn Invest, IDB Lab (the venture lab of the Inter-American Development Bank Group), Florida Funders, Kayyak Ventures, Neer Ventures, Sq ..read more

We are delighted to announce that the shortlist for FinTech Futures’ Banking Tech Awards USA 2024 has just been published! You can view the shortlist here. Congratulations to all of this year’s finalists! This is the third year for these prestigious awards which recognise the outstanding achievements in the banking and fintech industry across the United States. The awards cover categories including Best Digital Initiative, Best Tech Overhaul – Back Office, Best Bank and FinTech Partnership, Tech of the Future, Rising Tech Star, plus many more. The winners of this year’s awards will be announce ..read more

In 2024, numerous trade reporting regimes around the globe are changing and firms need the right technology to comply. Leo Labeis, CEO at REGnosys, explains how the company delivers the safe, fast and cost-effective solution that the industry has been looking for. Rosetta – the safe, fast and cost-effective regulatory compliance solution the industry has been looking for Complying with regulations is a mission-critical part of financial institutions’ operations, but meeting the requirements of completeness, accuracy and timeliness of regulatory disclosure is often beyond the reach of legacy ..read more