Amsterdam, Netherlands – Sympower, a leading Amsterdam-based provider of flexibility services designed to support Europe’s shift toward a renewable energy system, has raised €21.3 million in an oversubscribed Series B1 funding round. The financing round was led by A&G Energy Transition Tech Fund (A&G ETTF) with additional investment from the European Investment Fund (EIF), alongside […]
In its first budget in more than a decade, Chancellor Rachel Reeves has introduced substantial tax increases and public spending hikes aimed at stabilizing the UK economy. Experts warn that the policy measures may alter the course of future interest rate cuts, with inflation and borrowing costs expected to see a modest uptick. Unveiled in […]
The British pound (GBPUSD=X) managed to claw back some of its losses on Thursday, trading around $1.2982 in early European hours. This recovery follows a sharp decline against the dollar the day before, triggered by the UK’s newly unveiled autumn budget and robust GDP data from the United States. The currency rose slightly by 0.1%, […]
Berlin, October 2024 – GIFTD, a forward-thinking Berlin-based startup, has raised EUR 535,000 in an angel funding round backed by key investors including Thies Network, quantumReality, and impact investor ULTRA.VC. The fresh capital will fuel the launch of GIFTD’s groundbreaking app, designed to turn unsold goods into powerful marketing tools. The app has already garnered […]
New Zealand’s Challenger Bank-In-Waiting Takes a Step Closer to Revolutionizing Business Finance Auckland, New Zealand – Emerge, the digital-first business banking alternative co-founded by Jamie Jermain and Jovan Pavlicevic (the minds behind SquareOne), has raised $12 million in a Series A funding round, positioning itself as a leader in redefining business banking for Kiwi entrepreneurs. […]
October 2024 Klarna, the global leader in Buy Now, Pay Later (BNPL) services, has announced a strategic deal to sell a significant portion of its UK loan book to a subsidiary of the US hedge fund Elliott Investment Management. This transaction is set to free up as much as £30 billion, which will be redirected […]
London, October 17, 2024 — Barclays Bank has secured a pivotal deal to acquire the General Motors (GM) credit card business from current issuer Goldman Sachs, further solidifying its position in the US consumer credit card market. The strategic acquisition, expected to complete next year, will see Barclays become the exclusive issuer of the GM […]
Berlin, Germany – October 17, 2024 – Solaris, the leading Banking-as-a-Service (BaaS) platform in Europe, has announced a significant workforce restructuring, which will result in the reduction of approximately one-third of its employees. The majority of these layoffs will affect its UK-based subsidiary, Contis, a key component of Solaris’ EMI (Electronic Money Institution) unit. This […]
BBVA, the prominent Spanish banking institution, is gearing up for a groundbreaking tokenization pilot using Visa’s recently launched Visa Tokenized Asset Platform (VTAP). The pilot, which is scheduled to go live in 2025, will leverage the public Ethereum blockchain. VTAP, introduced this month, is designed to allow banks to bring fiat currencies onto the blockchain. […]
October 9, 2024 – Topeka, Kansas – CoreFirst Bank & Trust, a community bank with over $1.2 billion in assets, is proud to announce its partnership with NCR Atleos’ Allpoint Network. This collaboration significantly expands the bank’s self-service banking capabilities by offering customers access to over 40,000 surcharge-free ATMs across the United States. Of these, […]