Sberbank, Russia’s largest bank and the 33rd-biggest on earth, has made a huge pivot to tech, as it bids to revamp its image for the digital age. Today the Moscow-headquartered firm inaugurated…
Deutsche Bank Ponders Tata Consultancy Tech Sale
Deutsche Bank is in talks to sell one of its major technology units to Tata Consultancy Services Ltd, a Mumbai-based conglomerate, according to a report by Bloomberg. Postbank Systems AG, a Bonn-based…
Fintech Platform Meniga Wins $9.4m Round
Iceland-born finance startup Meniga has closed an €8.5 million ($9.4m) funding round, as it researches additions to its current suite of digital banking solutions. The company, headquartered in London, has now raised…
UK Startups to Government: Bail Us Out or Risk Future
A dozen of the UK’s leading startup founders have written an open letter to the country’s chancellor, Rishi Sunak, pleading for changes to Downing Street’s COVID-19 business relief packages. The letter, released…
Coronavirus Wreaks Havoc on Chinese Markets, as Tech Responds to Outbreak
Investors wiped around $420 billion from China’s premier stock index, as commodities were dumped amid the country’s accelerating Coronavirus outbreak. The Shanghai Composite tumbled almost 8% on Monday—the first day of trading…
Visa Leads $80m Currencycloud Funding
London-based remittance startup Currencycloud has won $80 million in funding led by Visa. The Series E round—Currencycloud’s eleventh since its 2012 conception—also included cash injections from payment giants like the World Bank…
How a Data-driven Approach Helps NBFCs Offer Secure Smartphone Financing
By Neel Juriasingani, CEO and co-founder, Datacultr The Digital India campaign, launched by the Government of India in 2015 aimed at making the country digitally empowered, has seen many successes. Digital India…
FintechOS Wins $14m Funding to Continue Disrupting Banking Industry
Finance technology firm FintechOS has secured a $14 million Series A funding round to expand its suite of digital solutions. The London-based company, founded in 2017, will use the cash to continue…
Decentralized Trading Platform Vega Wins $5m Seed Round
Vega, a decentralized trading startup, has won a $5 million Seed funding round led by Pantera Capital, a Bitcoin-focused venture capital fund. The money will help Gibraltar-registered Vega develop a protocol it…
Just How Disastrous will WeWork’s IPO Be?
WeWork, the global real estate company that has dressed itself as a tech startup, might not be worth $47 billion after all. Actually, it might not even be worth half. The New…