Lean Technologies, a prominent fintech infrastructure provider based in Riyadh, has recently secured a substantial US$67.5 million in Series B funding. This impressive financial feat was led by General Catalyst, significantly boosting Lean's total funding to over US$100 million. The primary
NovoPayment, a leading provider of embedded financial and payment infrastructure services, has recently secured $20 million in funding from Morgan Stanley Expansion Capital. This investment represents a crucial milestone for the US-headquartered company, which specializes in offering an extensive
The digital trade finance platform Modifi, which focuses on supporting small and medium-sized enterprises (SMEs), has successfully raised $15 million in new funding to propel its growth strategy. This latest funding round was spearheaded by Japan's Sumitomo Mitsui Banking Corporation (SMBC) through
In the rapidly evolving fintech landscape, significant funding rounds and investments continue to shape the industry's future direction. The past few months have seen a notable influx of capital into various fintech enterprises, each striving to bring innovative solutions to the market. This
A massive global IT outage ignited a stern warning from the UK's Financial Conduct Authority (FCA) to financial firms, urging them to fortify their cyber defenses against increasingly prevalent digital threats. The wake-up call came following a significant operational disruption caused by a faulty
Trustly, an innovator in open banking payments since 2008, has taken a significant step in its ambitious growth trajectory by appointing Henrik Wallström as its Chief Technology Officer (CTO) for European operations. With this strategic decision, Trustly aims to further solidify its position and
