October 18, 2024 – Manila, Philippines: Philippine conglomerate Ayala Corporation (AC.PS) has announced the sale of half its stake in the fintech unicorn Mynt to Japan’s Mitsubishi Corporation (8058.T). This strategic deal, valued at a minimum of 18.4 billion pesos (approximately $318.89 million), involves Mitsubishi acquiring 50% of Ayala-owned AC Ventures, which holds a 13% […]
London, UK – [October 2024] – Mobeus Venture Capital Trusts (VCTs) have achieved a remarkable fundraising milestone, selling out their latest offering in just 45 days. The two VCTs, Mobeus Income & Growth VCT and the Income & Growth VCT, collectively raised £90 million, including a £70 million offer and an additional £20 million through […]
October 17, 2024 – CapWay, a fintech startup founded in 2016 by Sheena Allen, has officially shut down operations, marking a somber moment in the ongoing fight for financial inclusion. The Y Combinator-backed startup was established to provide financial services to individuals in “banking deserts”—communities where access to traditional banking services is severely limited or […]
Amsterdam, 21 October 2024 – Josh Buckley, former CEO of Product Hunt and founder of Buckley Ventures, is seeking to raise $250 million for his fourth venture capital fund, according to a recent regulatory filing. This new fund marks a shift in Buckley’s strategy, as it comes at half the size of the $500 million […]
October 21, 2024 – Netherlands and Germany – European life-sciences-focused venture capital firm Forbion has achieved its largest capital raise to date, securing over €2 billion across two new funds. The firm announced that its latest funds—Forbion Growth Opportunities III, which raised €1.2 billion, and Forbion Ventures VII, which brought in €890 million—have both exceeded […]
Beijing & Purchase, New York – October 21, 2024 – Mastercard has announced the launch of its latest product, Mastercard Move Commercial Payments, designed to streamline and transform cross-border commercial payments for banks. Revealed at the annual Sibos conference in Beijing, this groundbreaking solution aims to address long-standing challenges in the cross-border payment ecosystem, providing near real-time, […]
Apex Fintech Solutions Inc. (“Apex”), a leader in enabling innovation in digital wealth management, announced its acquisition agreement with FinTron, a pioneering financial technology and design agency specializing in high-end digital experiences for investors and advisors worldwide. The acquisition, pending FINRA approval, is set to significantly enhance Apex’s digital investment solutions by integrating FinTron’s customizable […]
Baar, Switzerland – October 2024 – Albatross, a cutting-edge AI startup focused on revolutionizing user engagement in eCommerce, media, and online marketplaces, has raised €3 million in a pre-seed funding round. The investment was led by Swiss venture capital firm redalpine, with participation from French VC Daphni. The funds will accelerate the development of Albatross’s […]
Klarna’s Flexible Payment Options Now Integrated with Apple Pay In-App and Online in the U.S. and UK, with Canadian Expansion to Follow 17 October 2024 – Klarna, the global AI-powered payments network and shopping assistant, has announced its integration with Apple Pay, offering flexible payment options for users at checkout online and in apps on […]
Streamlining international payroll and large-scale payouts with stablecoin solutions. London, October 2024 — BVNK, the leading digital payment platform for global businesses, is thrilled to announce its expanded partnership with Circle, a global financial technology leader, to bring the utility of USD Coin (USDC) to a broader range of business payments. This collaboration aims to […]
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