Page 23 - Thought Machine News Today

UK based Mobile Banking Provider Atom Bank Secures £40M via Round led by BBVA, Toscafund Asset Mgmt UK-based mobile banking platform Toscafund Asset Management LLP and BBVA. As the bank aims to reach profitability, the £40 million raise includes “an offer to participate for qualifying shareholders in new ‘A’ class shares in Atom priced at 60 pence,” the company confirmed in a release. As mentioned in the announcement: “Atom’s revenues are growing strongly and the bank is on cour...

Atom Bank boosts customer satisfaction with move to Google Cloud Read later Summary: We get an update from Atom Bank CTO Rana Bhattacharya on the challenger bank’s cloud journey with Google. Founded back in 2014, Atom Bank sought to change the landscape of banking by becoming the UKs first bank to be built specifically for mobile applications. Having gained regulatory approval, Atom launched with the aim of allowing its customers to manage their financial needs wherever they are, via their ...

Clavent announces first round of speakers for TestFest UK - Global Test Automation Series By siliconindia  |  Tuesday, 16 February 2021, 10:43 Hrs TestFest UK, the second edition of the TestFest, a global test automation series, organized by Clavent, a global tech conferences organisation, will be held on March 11 to 12, from 10.00 AM BST until 2 PM BST. The conference follows after TestFest USA held in 2020 and is part of the software testing mini conferen...

TransferGo has announced a partnership with core banking technology company Thought Machine in a bid to boost its expansion into new markets.

French Buy Now Pay Later or BNPL Fintech Alma Secures €49M in Capital via Series B Round France-based Buy Now, Pay Later (BNPL) platform Alma has secured €49 million in capital through a Series B funding round. Alma’s management stated that they intend to use the funds raised to support their extensive business expansion plans in 2021. Alma, the French BNPL platform for both consumers and merchants, confirmed that its €49m Series B investment round has come about a year after it finali...

PPRO nabs $180M at a $1B+ valuation to bring together the fragmented world of payments The pandemic has hastened a shift of most commerce becoming e-commerce in the last year, and that has brought a new focus on startups that are helping to enable that process. In the latest development, PPRO, a London-based startup that has built a platform to make it easier for marketplaces, payment providers and other e-commerce players to enable localised payments — that is, make and take payments in what...

Rapyd raises $300M on a $2.5B valuation to boost its fintech-as-a-service API A wave of organizations — propelled by global COVID-19 pandemic circumstances — are moving their commercial and financial interactions online, and today one of the big players helping to enable that shift is announcing a significant round of growth funding to expand the tools and services that it provides to them. Rapyd, which provides an API-based “fintech-as-a-service” platform covering payments, banking ser...

On the face of it, Britain’s venture capital firms have never been more ready to invest in your start-up. British venture capital funds have £8.4bn ready for investment in fast-growth businesses, according to research. Indeed, British tech start-ups raised more than £4bn between January and June, despite the shutdown of the economy, according to the government. This venture capital cash could provide crucial investment for innovative companies as the country emerges from the Covid-19 crisi...

On Thursday, Mambu said its valuation had risen to 1.7 billion euros ($2.1 billion) in a 110 million euro ($135 million) funding round. The new round was led by TCV, an investor in Facebook and Netflix, with additional investment coming from Tiger Global and Arena Holdings. Mambu is one of several start-ups looking to assist — rather than disrupt — banks in their journey towards embracing modern cloud infrastructure and transitioning away from so-called "legacy" technology. It competes with...

External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Vacuumlabs opens regional HQ in Hong Kong 06 January 2021 Source: Vacuumlabs Vacuumlabs, a trusted global software development partner with a proven track record in successfully delivering full-stack fintech solutions, announces the opening of its new regional headquarters in Hong Kong. Vacuumlabs aims to ...