The European Central Bank (ECB) has decided to pursue ambitious plans to establish a Digital Euro, at a time in which global jurisdictions seek to make the most of the rapid digitalization of payments. On July 14, the ECB announced that as of October, it will move into the two-year ‘investigation phase’ of its Digital […]
Cross-border payments infrastructure provider Currencycloud is being acquired by Visa in a deal that values the company at £700 million. The acquisition arrives just one month after Visa snapped up Swedish fintech Tink in a €1.8 billion deal. Currencycloud and Visa already have a standing partnership, and the acquisition will serve to formalise the relationship […]
Addressing a key challenge in data-driven industries, effective data extraction from third-party systems, Berlin-based GraphCMS has raised $10 million in a new funding round. The startups’ solution cuts out the middleware and connects siloed data from a wide range of sources into a single API. The new funding is expected to help expand the company’s […]
Not to be outdone by Paris-based Spendesk’s announcement this morning, across the channel, London’s pay and spend automation fintech Soldo has closed a $180 million Series C round. The startup provides businesses with real-time visibility and cost control of company expenditures. With the new funding, the company is expecting to accelerate international expansion, as well […]
In a market that’s seemingly hotter than pan-fried catfish, London-based open banking infrastructure startup Yapily, has reeled in $51 million in a first close of a Series B funding round. The funding is slated to be put towards further development of the company’s open banking infrastructure technologies and expand across Europe with the aim of […]
Paris-based all-in-one expense claim management service Spendesk has raised €100 million in a Series C round, its largest to date. By automating a number of repetitive, day-to-day administrative tasks, the startup aims to unlock untapped potential in finance teams, allowing them to be more proactive than reactive, and provide strategic value add to an organisation. […]
London fintech Railsbank has raised $70 million in a recent funding round as it further expands services across the European, Asia Pacific, and North American markets. The round was led by Anthos Capital, with participation from Central Capital, Cohen and Company, and Outrun Ventures. While not specifically named, Railsbank reports existing investors also participating. To […]