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/retail

Retail investment app Midas raises $45 million

Istanbul-based retail investing startup Midas has raised $45 million to roll out crypto, mutual fund, and savings account products to its two million users.

/startups

Allica Bank reports first profitable year

SME challenger bank Allica has achieved its first full year of profit just three years since opening its doors to lending.

/payments

Klarna sells virtual shopping business Hero

Klarna is selling Hero, the virtual shopping platform it acquired in 2021, to video commerce outfit Bambuser in a deal worth around EUR1.3 million.

/crypto

Crypto trader convicted of $110m fraud

A cryptocurrency trader has been convicted of fraud in connection with a $110 million market manipulation case.

/payments

UK Smart Data Roadmap unveiled

The UK government has published its Smart Data Roadmap laying out its plans for smart data schemes across seven sectors, including banking and finance.

/markets

ECB ready to penalise UniCredit for continuing business in Russia - Reuters

The European Central Bank (ECB) is ready to impose sanctions on Italy’s UniCredit as the bank continues to participate in business with Russia.

/crypto

Bitcoin halving may lead to price drop

On April 20th the bitcoin halving will take place, which is set in the cryptocurrency’s technology to cut the rate at which bitcoin is created. The event happens every leap year and is eagerly anticipated by crypto enthusiasts.

/startups

Manchester Digital launches manifesto to boost fintech in the North

Manchester Digital has launched a Manifesto for the Northern Tech Economy ahead of the mayoral elections that will take place on May 2nd.

/inclusion

Wagestream raises £17.5m

Financial wellbeing app Wagestream has raised £17.5 million in a funding round joined by a British Business Bank subsidiary.

/payments

Mastercard launches virtual card app to simplify travel and business expenses

HSBC Australia and Westpac have signed on as the first banks to offer a new Mastercard app that enables virtual commercial cards to be added to digital wallets.

/retail

Revolut valuation raised 45% by investor

With its valuation raised 45% by an investor, UK-based fintech Revolut is pumping $100 million into Mexico as it seeks to cash in on the lucrative Latin American remittance market.

/payments

Ramp sees valuation bounce back on $150 million raise

Finance automation and corporate credit card startup Ramp has raised $150 million in a funding round co-led by Khosla Ventures and Founders Fund.