Markets

Motive Partners, a private equity firm based in New York, recently acquired a controlling stake in Splitit Payments — an Australian-listed Buy Now, Pay Later (BNPL) company. An important partnership for Splitit Payments Splitit Payments offers a white-label, fully embedded...

Last month, in November 2023, the publicly listed fintech firm XTB officially reached and then surpassed the 200,000 clients milestone. In doing so, the company became the third-largest brokerage on the Polish stock exchange. XTB is now the third-largest Polish...

SumUp, a London-based fintech, recently concluded a very successful funding round that ended up raising a total of €285 million. The company intends to use the funds to expand its global footprint, as well as increase the number of available...

Koho Financial, a leading fintech company based in Canada, has announced securing an additional $86 million in a Series D extension at a valuation of $800 million. This funding round comes amid a significant decline in fresh funding for fintechs....

Fujitsu, a digital transformation firm, is partnering with Palantir Technologies to foster business transformation across Japan. The two firms will also ally to address some critical issues in society. Fujitsu will benefit from this deal by leveraging Palantir's artificial intelligence...

Abu Dhabi Commercial Bank (ADCB) has unveiled a partnership deal with Mastercard for the first Mastercard Carbon Calculator. This calculator is an innovative tool supporting businesses' sustainability goals by sharing data on the estimated carbon footprint of corporate expenditure. ADCB...

$9 trillion asset manager BlackRock will launch new generative AI tools for clients and employees. These tools include a chatbot powered by AI to answer customer queries. It will also have AI-powered co-pilots to create drafts to improve employee productivity....

The Office of the Comptroller of the Currency (OCC) recently issued guidance for the banks in the United States, warning them about offering buy now, pay later (BNPL) loans. According to the OCC, the banks must ensure that the loans...

A venture capital (VC) company known as Canapi Ventures recently raised $750 for its second fintech fund. Canapi’s Fund II was even more successful than the first one The firm was founded by Gene Ludwig, the former Comptroller of the...

Canadian fintech Koho recently concluded a Series D funding round with great success. The company, valued at C$800 million, managed to raise C$86 million during the round’s extension. https://twitter.com/GetKoho/status/1732772049347834142 The round saw the participation of a number of well-known entities,...

A recent announcement revealed that Think Financial Grou Holdings Limited, also known as ThinkMarkets, and FG Acquisition Corp. have decided to terminate their business agreement. The two have reached the decision jointly, deciding that it is best for the business...

Canapi Ventures, a venture-capital firm focused on startups, has raised $750 million in its second fund. Canapi is a fintech venture capital firm that enjoys the backing of nearly 70 financial institutions and strategic investors in the United States. The...

HSBC has made a move that will be a game-changer in protecting client data by piloting the use of quantum key encryption. The bank’s goal is to try to use the new technology to protect client FX trading data from...

Leading French lender Societe Generale recently launched its brand new stablecoin, and it has already reached its first major crypto exchange — BitStamp. The stablecoin, based on the euro, will allow investors in the cryptoasset ecosystem, as well as those...

A major brokerage service, Exness, recently reported its trading volume for November 2023, showing that it slipped by 19% compared to the previous month. While in October, the broker managed to reach a trading volume of $4.8 trillion, it appears...