Muse Financing, a London-based digital financing provider for small, medium, and developing firms, said on Aug. 23 that it has received a $20 million loan facility in advance of its next Series A round, which is expected for early 2023. Muse has now raised a total of $96 million with the most recent statement. The…
Covalto, a Mexican digital banking platform, intends to merge with a special purpose acquisition company in order to become the first Mexican FinTech to list on American stock exchanges (SPAC). According to Reuters, the firm’s expected $547 million Pro-forma enterprise value stems from its Nasdaq listing deal. According to Covalto, formerly Credijusto, the transaction might…
Indian eCommerce platform ShopX was once a high flier, just like many FinTech businesses. The firm has raised over $54 million and was valued at over $100 million in the most recent round. It is funded by Infosys Co-Founder Nandan Nilekani and Fung Investment. Nilekani contributed $18 million on his own. However, since April 2020,…
It’s no secret that leads creation may be an expensive endeavor for a company. From start to end, the average cost of closing a lead is projected to be roughly $198. Because of savvy consumers, tough competition, and lengthier sales cycles, complicated funnels have emerged, making it easier for leads to “leak.” Sales and marketing…
Computer Services Inc. (CSI), a supplier of FinTech and RegTech solutions, said on August 22 that two investment companies would be buying the company for $1.6 billion. In a move that would transform CSI into a privately owned corporation, the CSI board has authorized the all-cash sale of the 57-year-old organization to Centerbridge Partners, L.P….
Moreover, Bank of America and Grubhub are providing a free one-year subscription to Grubhub+ to the bank’s eligible cards in an effort to save cardholders money and attract new consumers to the food ordering and delivery sector. According to a news release, the membership entitles qualifying Bank of America cards to free delivery on purchases…
Omnibiz, a B2B eCommerce firm based in Nigeria, announced it has secured $15 million in a pre-Series A fundraising round and expects to continue growing in the area. According to a TechCabal story, Omnibiz claimed they planned to add more locations in Nigeria that have a rising retail trade but are not currently supported by…
TenureX, a startup in correspondent banking, has teamed up with TM Group, a firm that manages and integrates technology, to democratize correspondent banking in the Nordic region. According to a news release, TenureX will receive solutions and services from TM Group to support the growth of correspondent banking services and the compliance and productivity of…
The Federal Reserve has made it possible for stablecoin issuers and crypto banks to acquire access to master accounts, which would give them access to the world’s payments system. The Board of Governors of the Federal Reserve unanimously agreed to establish a three-tiered review process that would permit organizations with “novel charters” to apply for…
As the Chinese government pushes down on the nation’s Big Tech businesses, Tencent Holdings intends to sell most, if not the entire, of its share in the food delivery platform Meituan. That’s what the Wall Street Journal reported on Tuesday (Aug. 16), citing sources with knowledge of the situation. According to one of the individuals,…
