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Fintech start-up Xalts grants Contour Network new lease of life with announced acquisition

Singapore-based startup Xalts is set to acquire Contour Network, which has operated a decentralized global trade finance network connecting businesses, partners, and financiers...

ICYMI fintech funding round-up: Zūm Rails, Pulsate, Monite, Spektr and more

Montreal-based payments software vendor Zūm Rails has raised $10.5 million in a Series A funding round led by Arthur Ventures. Zūm Rails plans...

B2B finance automation platform Ramp acquires Venue to revamp procurement product

Ramp, a finance automation platform for businesses based in New York, has acquired procurement start-up Venue to enhance its procurement product suite. The...

Banking Technology Magazine February 2024 issue out now

The February edition of Banking Technology Magazine discusses challenges in the banking and fintech industry in 2024. Mass layoff announcements were reported across...

Twig enters liquidation, becoming latest UK fintech to shut down

UK circular economy fintech Twig, which secured $35 million in a Series A financing round two years ago, is entering liquidation. Insolve Plus...

ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty

Safty Raises €11.3 MillionDanish fintech Safty secures €11.3 million in an investment round led by Upfin. The investment includes participation from experienced...

SME lender FundPark doubles credit facility with Goldman Sachs to $500m

FundPark, a Hong Kong-based capital financing provider, has doubled its asset-backed securitization (ABS) facility with Goldman Sachs to $500 million. The expansion follows...

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