Page 940 - Execution News Today

Brazilian secured lending platform Creditas has hit a US$4.8 billion valuation off the back of a US$260 million Series F funding round.

Lithuania-based fintech startup iDenfy partners with European Merchant Bank, a dynamic digital bank licensed by the European Central Bank.

Klarna is releasing a physical card in the UK, giving shoppers the opportunity to buy now, pay later in bricks and mortar stores.

Ebury, the global FinTech specialising in international payments, is preparing to accelerate growth in Latin America following the positive opening of its Brazilian office.

PQShield, a cybersecurity company specialising in post-quantum cryptography, has raised $20 million in Series A funding led by Addition, with participation from existing investors Oxford Science Enterprises (formerly OSI) and Crane.

This announcement comes twelve months after the Saudi Central Bank (SAMA) announced its open banking policy, designed to support Vision 2030 objectives focused on increasing competition and raising efficiency and trust in the financial services sector.

ARIE Finance (licenced as ARIE Capital Payment Solutions, and part of the ARIE Capital Group) is pleased to announce that it has been granted authorisation to operate as a Small Payment Institution by the Financial Conduct Authority in the UK.

Citi is to undertake a $100 million refurbishment of its skyscraper in Canary Wharf, reflecting optimism about Britain's role in a post-Brexit future and a switch to more flexible working practices in the wake of the pandemic.

Paystone announces the acquisition of Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services.

The payments platform for digital businesses, Modulr, is now licensed as an Electronic Money Institution by De Nederlandsche Bank (DNB), marking a major milestone for the platform’s local European ambitions.