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Fourteen months after the Digital Operational Resilience Act became enforceable, Europe’s financial institutions are running out of room to improvise. The regulation, which took effect on January 17, 2025, was supposed to mark the beginning of a new era in digital risk management across the EU. Instead, it has exposed just how far most firms […]
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Compliance is the part of financial services that nobody likes to talk about, and nobody can afford to get wrong. For investment managers, the obligation to know your client, verify their business, and monitor them continuously has historically meant armies of analysts working through documents, running database checks, and filing reports that no one reads […]
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Steward raises $5M to automate AML compliance for the $100B investment management market Read More »
The Berlin startup, founded by the team behind viafintech, is building a single integration that lets banks, fintechs, and HR platforms offer gift cards, cashback, and tax-free employee benefits, without touching the underlying infrastructure themselves. The founders of viafintech, the prepaid payments company acquired by Paysafe in 2021, have returned with a new venture, and […]
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Finperks raises $4M to become the API layer for prepaid payments in Europe Read More »
Founded in 2024, Outpost acts as the legally liable entity for cross-border payments, tax, and compliance, so merchants don’t have to. Ribbit led the Series A. Selling across borders has always been technically possible and operationally punishing. The payments fail more often. The tax obligations multiply. The audit risk accumulates in ways that are expensive […]
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The Madrid tax fintech doubled revenue in 2025 and hit profitability. Now it’s taking on structured debt to scale its AI platform, a sign that its capital strategy is as deliberate as its product. Most tax software companies want to tell you how many users they have. TaxDown wants to tell you how little money […]
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TaxDown secures €4M financing to expand AI tax platform Read More »
The Dublin-and-New York-based startup, backed by Ribbit Capital, Sequoia, and Index Ventures, says it processes more than €4.2bn in transactions monthly and cuts customers’ PCI compliance costs by an average of €86,000. The premise behind Evervault is one of those ideas that sounds straightforward until you think about how most payment systems actually work. Card […]
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Evervault raises €21M to keep payment data encrypted from end to end Read More »
The London-headquartered neobank has submitted applications to the OCC and the FDIC to establish Revolut Bank US, N.A., committing $500m to the American market and appointing a former Visa executive as its new US CEO. In early 2021, Revolut told the world it was going after a US banking licence. The announcement was confident, the […]
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Revolut applies for a US bank charter Read More »
London-based digital challenger bank Allica Bank has officially crossed the unicorn threshold after closing a $155 million Series D funding round that valued the company at around $1.2 billion. This places the fintech among the growing list of private companies with valuations above $1 billion, alongside peers such as Revolut, Monzo, Starling and Zilch. The […]
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Allica Bank joins the fintech unicorn club after $155M Series D round Read More »
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French fintech Pennylane raises €175M Read More »
UK-based fintech Cleo, known for its AI-powered budgeting app, has launched its most advanced product to date. Dubbed Cleo 3.0, the new version introduces features such as voice interaction, long-term memory, and improved reasoning capabilities. Barney Hussey-Yeo, Cleo’s founder and chief executive, said Cleo 3.0 is less chatbot and more “conversational AI money coach.” Users […]
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Cleo launches new ‘AI money coach’ to help fix your spending habits Read More »