Category: Automation

Australian fintech Payright (ASX:PYR) is the most recent payments company listed on the Australian Securities Exchange to receive a speeding ticket from the exchange. The fintech received the ticket on 16th February 2021 after its share prices soared by a whopping 32%. On the morning...

A London-based fintech and Software-as-a-Service (SaaS) firm ARKK has secured funding of £7 million from its existing investors. ARKK helps in the automation of the finance function of an organization by replacing traditional and outdated tools with improved smart technology.  The freshly secured funds will...

United Kingdom-based challenger bank Monzo has recruited Carol Nelson as its first-ever female US Chief Executive Officer to lead the fintech unicorn’s expansion in the states. In May 2020, the Co-founder of Monzo, Tom Blomfield stepped down as CEO and moved to the President slot...

One of United Kingdom’s fastest growing companies, Playter Pay announced that it has raised £1 million in a funding round led by several investors. The round consisted of both debt and equity which will allow the ‘Hire now, pay later’ company help small and medium-sized...

UK-based financial technology company Cashplus has finally received a full banking license from the Prudential Regulation Authority (PRU). The fintech has been serving as an e-money institution for several years, Cashplus will now provide its customers as a regulated bank. The credit card lender for...

London-based investment and trading app Wombat Invest secured £2 million in a venture funding round after setting up the business from its 2018 crowdfunding round of about £250,000. The 2 million funding round for the fractional share trading platform was led by Fuel Ventures, a...

B783 London-headquartered mobile payments firm SumUp has announced the acquisition of Paysolut, a core banking solutions provider. Post the acquisition, Lithuania-based Paysolut will remain an independent company, from the management point of view. It will also have access to a massive customer base of 3...

Australian buy now, pay later fintech Limepay is on an ‘all-hands-on-deck’ mode as it is progressing towards its listing on the Australian Securities Exchange. The fintech has managed to raise about $30 million in the past 1 year to add 7 high-profile hires to the...

Melbourne-headquartered National Australia Bank (NAB) has agreed to acquire Australian neobank 86 400 for about AU$220 million and combine it with UBank, NAB’s very own digital-only bank. Moreover, the bank already owns a minority stake in 86 400 of approximately 18.3%.  NAB said that the...

x15ventures, a scaling entity of Commonwealth Bank of Australia announced two significant appointments – Mr Ben Heap, who has been appointed as the first independent and Non-executive Chairman of x15ventures and Ms Jane Martino, the first External Portfolio Manager at x15ventures. The ‘x’ in x15ventures...