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Saudi spend management startup SiFi raises $10 million

Simplified Financial Solutions Company (SiFi) announced the closing of its $10M seed round.

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Applications open for TSB and FinTech Scotland's Innovation Labs programme

TSB is taking applications for fintechs to participate in its fourth Innovation Labs programme as the bank and Fintech Scotland encourage the next cohort of fintech collaborators.

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Payments vets launch USD stablecoin

Today, Fintech company Stable.com announced the launch of USD3, its 1:1 backed stablecoin, declaring its determination to disrupt the current stablecoin landscape and bring serious competition to existing industry players.

/startups

Danish fintech startup ZTLment raises €2.4 million in pre-seed funding round

Copenhagen-based fintech startup, ZTLment, has made waves as the first in Europe to pioneer compliant wallet infrastructure on decentralized rails for ordering- and booking platforms.

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Orca Fraud raises $550k in pre-seed round

Orca, a South African startup that works with banks and fintechs in emerging markets to fight various types of fraud, has raised a $550,000 pre-seed round. The money raised will be used to build simple, yet effective fraud prevention tools and iterate with customers in South Africa.

/startups

Finout raises $26 million Series B

Finout, the FinOps-for-enterprise company, announced a $26.3 million Series B funding round led by Red Dot Capital with the participation of Maor Investments and existing investors - Team8, Pitango, and Jibe Ventures. Finout’s complete FinOps platform is now used by leading global brands, including Lyft, the New York Times, Choice Hotels, Wiz, Tenable, and Appsflyer, to optimize cloud expenditure and allocate costs across all cloud providers and services. The funding brings the total raised by Finout to $45 million.

/startups

Australian-owned wealthtech HeirWealth launches

New Australian wealthtech, HeirWealth, will officially launch in Sydney today to help families experience more organised and harmonious intergenerational wealth transfers.

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Banc of California launches Build@Banc to support startups

Banc of California, a wholly owned subsidiary of Banc of California Inc. (NYSE: BANC), announced today the launch of Build@Banc, a service dedicated to providing tailored banking solutions to seed and early-stage innovative startups. The Build@Banc team also provides guidance and resources to help founders choose the right banking solutions and offers introductions to its well-established network of investors and advisers.

/startups

Iraqi fintech ZainCash goes live with Temenos core banking and payments

Temenos (SIX: TEMN) today announced that ZainCash, a subsidiary of March Holding and a leading payment service provider in Iraq, has gone live with Temenos core banking and payments to power the rapid growth and innovation of its digital payment services.

/startups

Islamic car finance platform Ayan Capital raises £2.3 million debt and equity seed round

Ayan Capital, the London-based Islamic car finance platform for private hire vehicle (PHV) drivers looking to raise up to £25 million in Series A debt and equity funding.

/startups

Riyad Capital launches fintech venture fund

Riyad Capital has announced the launch of the “1957 Ventures” fund, a closed-end investment fund backed by Riyad Bank to drive transformative growth in Saudi Arabia’s FinTech sector, in line with the objectives of Saudi Vision 2030 and the Financial Sector Development Program.

/startups

Footprint raises $13 million to automate consumer onboarding

Footprint, a company that unifies KYC (Know Your Customer), security and authentication to automate consumer onboarding and reduce identity fraud, today announced a $13 million Series A led by QED Investors.

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