London-based Zango has raised $4.8million, in a round led by Nexus Venture Partners, a global venture capital firm with over $2.6billion capital under management. Other participants in the latest round include South Park Commons, Notion Capital, No Label Ventures and Start Ventures.The funds raised will be used to expand teams in London & Bengaluru along with building out the other product modules.
Natech Banking Solutions has raised over $33million in Series B funding to support its expansion in embedded finance and AI-driven banking solutions. The Greece-based fintech will use the capital to scale operations, enhance R&D as well as deepen its European footprint. The raise follows the launch of Snappi, Natech’s digital bank joint venture with Piraeus Financial Holdings.
SMEs based In the North West of England are increasingly turning to revenue-based finance to bolster their businesses, to help with staffing costs, new equipment and systems, e-commerce platform development and digital infrastructure, along with ongoing higher rent and rates, according to lender 365 Finance. The median advance approved for online businesses in the region has increased by 483 per cent year-on-year to £175,000.
Partnerships and collaborations
InComm Payments, a global payments technology provider, has adopted Atleos’ ReadyCode API solution to enable InComm Payments’ fintech and banking partners to offer ATM-based cardless cash pickup at over 23,000 ATMs across more than 40 states in the US.
INSHUR, a global insurance provider for the on-demand economy, has partnered with Diesta to automate payment operations and support international growth. Diesta, a London-based insurtech startup, specialises in automating premium reconciliation and distribution for the insurance industry. The collaboration aims to enhance efficiency, transparency and scalability across INSHUR’s multi-market operations.
Klarna has partnered with checkout platform Bolt to integrate its flexible payment options, such as Pay in 4 and Financing, directly into Bolt’s CheckoutOS. The move enables Bolt’s merchants to offer Klarna with no added technical setup, aiming to boost conversions, reduce cart abandonment, and expand Klarna’s reach across Bolt’s network of 80 million shoppers.
CreditBank PNG has partnered with identity security firm Entrust to roll out digital and card payment solutions in Papua New Guinea. The collaboration enables customers to open accounts online, receive virtual Visa cards instantly and make contactless payments via a mobile wallet, supporting CBP’s shift toward digital banking and financial inclusion in the region.
