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Kuda , the challenger bank based in Nigeria and the U.K., Kuda, the African challenger bank, raises $55M at a $500M valuation. has joined the ranks of tech companies in Africa that are pruning their workforce.
Meniga , the London fintech that provides digital banking technology to leading banks, has closed €10 million in additional funding. Meniga says the funding will be used for continued investment in R&D, and in particular further development of green banking products — building on its carbon spending insights product.
Last month, Varo Bank celebrated the two-year anniversary of obtaining its national bank charter. consumer bank. The startup launched its banking services in 2017, aimed at making younger consumers comfortable doing all their banking online. The move made Varo the first-ever all-digital nationally chartered U.S.
Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Founded nearly 15 years ago and originally operating as a credit provider, in 2019 Northmill secured a full banking license, regulated by the Swedish Financial Supervisory Authority.
With nearly half a million customers across Mexico and a network of 30,000 retail locations where representatives can take deposits, the challenger bank albo is already on its way to becoming a dominant player in Mexico’s emerging fintech industry. albo has proven its ability to drive sustainable growth and is leading the market.
Addressing these root causes ensures that solutions are effective and sustainable, leading to more permanent improvements and preventing recurring problems. He was selected as a Wells Fargo Global Fellow, whereby he helped a Philippine Micro Finance Bank and its clients in conjunction with Bankers Without Borders.
The Copenhagen-based startup announced the acquisition of fellow Danish fintech Gaia Investments this week with plans to integrate the trading platform, which focuses on investing in companies with sustainability goals, into its app. ” She added that she thinks the platform gets that request so often because its users trust it.
The finalists are: GXS Bank HK Express Hong Kong Baptist University KPMG NTUC Health OCBC Bank Thai Union Sentosa Development Corporation Singlife Sustainability This award recognises technology teams delivering sustainability benefits to the organisation via initiatives and innovation that aim to reduce environmental impact.
The Berlin-based startup operates a digital bank with 7 million clients across 25 countries. N26 offers bank accounts and debit cards that you can control from a mobile app. Opening a bank account is quite easy as you don’t need to go to a branch and fill out lengthy paperwork. Earlier this year, BaFin also imposed a $4.9
The fintech partners with more than 220 banks in tier 2 and tier 3 cities spread through 19 provinces. million in funding led by East Ventures Growth Fund, with participation from AlphaTrio Sustainable Technology Fund, Skystar Capital, Sovereign’s Capital, Ozora and Gobi Partners. Customers access banks through the DepositoBPR app.
Baris Guzel Contributor Share on X Baris Guzel is an engineer with work experience in top-tier investment banking and venture capital. He is a partner at BMW i Ventures, where he has led investments and supported many companies as a board director/observer.
Banks are striving for digital innovation but regulatory constraints, data security and privacy concerns, integration challenges, and the high costs of enabling change prevent 70% from achieving their transformation goals. Overall, the banks digital channel perception CSAT improved from 63% in 2022 to 80% in 2024. Want similar results?
More funding for sustainability reporting: Sweden’s Worldfavor , an early mover platform focused on building digital infrastructure to support supply chain transparency and cater to organizations’ ESG (environmental, social, governance) reporting needs, has bagged €10.2 million in Series A funding to step on the growth gas.
However, it differentiated itself by committing to payments on social media platforms, which Nigerian digital bank Carbon was interested in when it acquired the startup in 2019. As such, banking-as-a-service platforms see an opportunity to provide more personalized services and flexibility at less cost.
Varo Bank , which last year became the first U.S. neobank to be granted a national bank charter, announced this morning it has raised a staggering $510 million in a Series E funding round at a $2.5 Varo Bank raises another $63M, led by NBA star Russell Westbrook. effectively becoming a “real” bank but with no physical branches.
Many consumers and companies want to reduce their impact on the environment but may not know where to start or how to sustain the necessary changes. He argues that sustainability and climate action doesn’t need to be complicated. want businesses to help them be more sustainable. want businesses to help them be more sustainable.
Also known as an aggregator, the company acquires and grows brands — in Flora’s case, focused on offering sustainable products and reducing carbon emissions. Kaya was also in investment banking at Goldman Sachs, focused on consumer retail M&A. We want to be the ‘Michelin guide’ for sustainability.”.
Munch-based climate tech startup Tanso , which sells software to help industrial manufacturers carry out sustainability reporting and carbon accounting, has banked €6.5 However a lot more of these manufacturers will be as the EU’s sustainability reporting requirements expand in the next couple of years. Tanso nabs $1.9M
New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions. New technologies, such as generative AI, need huge amounts of processing power that will put electricity grids under tremendous stress and raise sustainability questions.
Norway is a leader in sustainability. Its use of renewable energy, sustainable technologies, and recycling is common in homes and businesses throughout the country, as well as the neighboring Nordic region, making Norway a role model of environmental stewardship. Promote sustainable business practices to help the planet.
Highbeam , a New York-based neobank built for people building e-commerce brands on marketplaces like Shopify and Amazon, raised $7 million in seed funding to continue developing banking tools that cater to these entrepreneurs’ needs. It works with Blue Ridge Bank, N.A. Highbeam’s e-commerce bank product.
In addition to individual recognition, the programme includes: the Next CIO award as well as Team of the Year awards – spanning Innovation, Customer Value, Talent, Culture, and Sustainability.
AI and Machine Learning will drive innovation across the government, healthcare, and banking/financial services sectors, strongly focusing on generative AI and ethical regulation. The financial sector will see rapid adoption of digital payments, open banking, and Central Bank Digital Currencies (CBDCs).
Examples include the 2008 breach of Société Générale , one of France’s largest banks, when an employee bypassed internal controls to make unauthorized trades, leading to billions of dollars lost. Ensuring these elements are at the forefront of your data strategy is essential to harnessing AI’s power responsibly and sustainably.
However, science is hard, and cash in the bank does not overcome the complexities of human biology. 5 ways biotech startups can mitigate risk to grow sustainably in the long run by Ram Iyer originally published on TechCrunch. At the end of the day, fundraising is a means to an end.
Organizations are under pressure to demonstrate commitment to an actionable sustainability strategy to meet regulatory obligations and to build positive market sentiment. We examine the opportunity to lead both risk mitigation and value creation by helping advance the enterprise sustainability strategy.
When it comes to sustainable infrastructure development, technology is making terrific leaps and bounds. Streamlined, and indeed sustainable, it ain’t. Streamlined, and indeed sustainable, it ain’t. The theory is that it will make investment in sustainable infrastructure a more attractive proposition, too.
Social sustainability is good for business. And companies are taking it seriously: a recent NTT report found that more than 40 percent of executives surveyed said social sustainability is a top imperative for their C-suite and Board of Directors. trillion, underscores the financial advantages of prioritizing social sustainability.
Emirates NBD has collaborated with Microsoft to successfully implement Microsoft Sustainability Manager, a Microsoft Cloud for Sustainability solution, to drive digital transformation in its sustainability operations.
Specific use cases illustrate how AI drives value: Customer engagement and sales: Retailers and banks use AI-driven personalization to recommend products and services, increasing conversion rates and customer loyalty. Integrating deep tech today positions your business for sustained success and growth.
In a recent fireside chat featuring leading industry experts from the tech sector, attendees gained valuable insights into how AI platforms can be leveraged to create new growth opportunities and build a sustainable future in the era of digital transformation. In our 2025 strategy, Generative AI is one of the key pillars,” he revealed. “We
Greenwashing is equally loud There’s a push for sustainability in fintech yet, many firms promote green products without any genuine impact fundamentals. For this matter, cybersecurity will remain a top priority.Investments driven by sustainability will become paramount. Illustration: Dom Guzman
It’s no wonder that–per a recent study commissioned by Dell Technologies, Intel and NVIDIA–HPC operators have elevated the importance of sustainability to the number two priority, even surpassing price. We applaud and support the efforts of HPC operators to improve sustainability.
India’s credit bureau data book is thin, making it difficult for banks and other financial institutions to build confidence to extend credit to the vast majority of the population in the South Asian market. KreditBee works with 10 banks and non-banking financial companies (NBFCs) to finance the loans, it said.
The round was led by Pan-African early-stage venture capital firm, TLcom Capital , with participation from nonprofit Women’s World Banking. So the startup instead partners with banks. Banks provide loans to farmers and make it compulsory for them to have insurance. Image Credits: Pula. Co-CEOs with agricultural backgrounds.
For example, DBS Bank undertook a comprehensive digital transformation to reach a new generation of tech-savvy customers. As customer preferences evolve, businesses must adapt by leveraging data analytics to gain insights into behavior and tailor services accordingly.
Rojas said he saw the opportunity to not only scale aggressively on the revenue side, but also build a lasting business that was sustainable. Rather than sit and wait for a company like that to emerge, Proper pivoted to address accounting in early 2020 and saw “growth explode” over the past year.
The company works primarily with small fisheries (or ones that have boats with about one to two metric tonnes of capacity) and focuses on sustainability, helping suppliers adhere to the United Nations Goal 14’s targets. According to the World Bank , Indonesia is the world’s second largest fisheries producer. Series B round.
Fair , a multilingual digital bank and financial services platform, is launching to the public after raising $20 million in 40 days earlier this year. There was not a single check from a VC or bank or from a family office,” Parekh told TechCrunch. I was an engineer by background, but was very confused with the American banking system.
Since the Paris Agreement was signed in 2016, the bank has financed more than $430 billion worth of fossil fuel projects, according to the most recent Banking on Climate Chaos report , far exceeding its peers. But there’s some evidence to suggest the bank is turning a corner. It is clear that can no longer be the case.
Venture banks, venture debt funds and venture capitalists are each jockeying to prove how their money is greener. Contrarily, most banks are playing Billy Beane’s Moneyball — they try to get the entire lineup on-base while making as few outs as possible in the process. Nonetheless, each has constraints that dictate their behavior.
Similarly, the financial sector will see continued growth in fintech, digital payments and open banking, with cities like Dubai and Riyadh becoming central fintech hubs in the region.
Duncan Grierson, CEO of Clim8, said in a statement: “We are launching at an exciting time for sustainable investing. Sustainable investments have continued to outperform markets since the beginning of the Covid-19 Crisis and we believe this will continue.”. What’s behind this year’s boom in climate tech SPACs?
Klarna , the Swedish buy now, pay later behemoth and upstart bank, has raised $1 billion in new funding at a post-money valuation of $31 billion. On the back of this, the company hopes to foster a bigger financial relationship with its users as a fully-fledged challenger bank. The fintech has been backed by Sequoia Capital since 2010.
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