Ameetee, a fintech startup, has raised a $1 million seed round to launch the first B2B fintech platform that provides financial institutions with a universal solution to offer their customers investment in private companies in the form of transferable securities. Since its launch in 2023, the platform's turnover has reached $12 million, Ameetee signed contracts with several institutional clients, and offered investment opportunities in such companies as Bayzat, Klarna and Alto Pharmacy. The funding was backed by a group of business angels, including Jamie Karraker, founder of Alto Pharmacy, unicorn, and will be used to develop a marketplace where these securities can be traded and to launch the first educational course for banks and brokers lacking knowledge on how to invest in private companies.
Nationwide Building Society has confirmed the offer of acquisition to Virgin Money UK, agreeing to the terms of a cash offer of £2.9 billion with Virgin Money's Board.
Maybank announces an MOU signed with Singapore-headquartered fintech, Doxa Holdings International (Doxa), to collaborate on providing and elevating supply chain financing (SCF) solutions for market players in the building and construction sector, and later expanding into other industries.
Bank of America has given its mobile service a major overhaul, unifying apps for banking, investing and retirement into one personalised digital experience.
Snoop, the award-winning money-saving app, has today launched a free credit score service in partnership with Equifax, making it the first to combine money management and credit score in one app.
Fintech firms could do more to intentionally target women customers in emerging markets, boosting both their own prospects and financial inclusion, says a report from the World Bank's International Finance Corporation (IFC).
The American Fintech Council (AFC), the premier industry association representing responsible fintech companies and innovative banks who deliver critical access to safe and affordable financial services, has announced that financial benefits platform Wagestream has become its newest member.