Bloom Money, a UK startup offering financial services to immigrants has raised £1 million in pre-seen funding. Separately, another UK startup, SuperFi, has secured $1 million in pre-seed funding for its debt prevention platform.
PayPal has for the first time used its proprietary PYUSD stablecoin to pay and invoice.
Singapore’s OCBC Bank has launched a robo investment service using technology from local startup WeInvest.
AI startup Bridgewise has been given the green light by Israeli regulators to launch a chatbot that gives advice on buying and selling stocks.
Abu Dhabi investment group MGX has invested $2 billion in stablecoin in crypto exchange Binance.
Morgan Stanley is the latest Wall Street titan to enter the robo-adviser arena, launching a digital platform it hopes will attract the high net worth clients of the future while they are still millennials.
Uzum, an Uzbekistan fintech and digital bank, has secured nearly $70 million in equity financing from Tencent and VR Capital, with participation from FinSight Ventures – a US fund focused on AI, fintech and super-app investments, and lead investor in Uzum’s first equity round completed in March 2024.
A new non-profit programme offering fintech startups free access to data feeds and APIs from providers such as Thomson Reuters and Xignite is gearing up for launch later this month.
The SME Finance Taskforce has released its coalition plan to boost the UK economy by speeding up lending and access to finance for 5.5 million SMEs.
Embedded banking platform Treasury Prime has laid off half of its staff as part of a strategic pivot to sell directly to banks.
The US Senate has voted to overturn a Consumer Financial Protection Bureau rule that would give the watchdog oversight of tech giants, such as Apple, Google and X, that offer digital payment apps and wallets.
Named AWS App Studio, financial institutions, fintech firms and virtually any organisation are now able to build an application that could have taken a professional developer days to create from scratch, but in minutes.
As described by the UK’s FCA, finfluencers are “social media personalities who use their platform to promote financial products and share insights and advice with their followers.”
India-based payments giant Paytm is collaborating with the Indian government in an initiative designed to boost the growth of fintech startups in the country.