TransferGo raises $10M to expand its remittance business in Asia, doubling valuation

TransferGo, the UK-based fintech best known as a consumer platform for global remittances, has raised a $10 million growth funding round from Taiwan-based investor Taiwania Capital, with a view to expanding in the Asia-Pacific region. It last raised a $50M Series C funding round in 2021. TransferGo claims the new...

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‘Banking-as-a-Service’ startup Griffin raises $24M as it attains full banking license

Founded by former Silicon Valley engineers, UK-based Griffin Bank, an API-driven banking-as-a-service (BaaS) platform, just obtained a banking license, roughly one year after starting the application process. This means it has been given the green light from the UK’s financial services regulators, the Prudential Regulation Authority (PRA) and Financial...

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Spain’s Embat, which has raised $16M, plans to compete with Trovata in real-time accounting

For obvious reasons, financial teams can spend a great deal of time on corporate treasury management, accounting and bank reconciliation, so anything that speeds up that process usually garners a lot of interest.  Today Embat, a Spanish fintech which does what they call “real-time treasury management”, has closed a financing...

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Tradeshift co-founder accused of sexual assault by company, allegations he denies

Tradeshift, a late-stage fintech startup that has raised over $1 billion in venture and debt, has dismissed its co-founder Christian Lanng, citing “serious allegations of sexual assault and harassment” and “gross misconduct on multiple grounds,” according to a company statement posted on Tuesday. Lanng has vehemently denied the allegations. Tradeshift...

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