Paul Hindle

Wealthsimple has raised CAD 750 million (around $538 million) in an equity funding round at a valuation of CAD 10 billion (around $7.2 billion).

Barclays US Consumer Bank is set to acquire Delaware-based consumer loans fintech Best Egg in a deal worth $800 million.

Modern Treasury says that with the deal, its global payments platform "now spans both traditional and stablecoin settlement rails".

UK-based fintech start-up Hyperlayer has raised £30 million in a funding round led by CDAM.

UK-based core banking technology provider 10x Banking has named Philip Barnett as its new executive vice chair.

Danish investment management software company SimCorp has appointed former GAM Investments chief Peter Sanderson as its new CEO, effective immediately.

London-headquartered embedded finance fintech Liberis has promoted Rob Fairfield, who has served as the company’s chief operating officer (COO) for the last five years, to the role of CEO.

US fintech start-up Salient, which offers an AI-powered platform designed to automate and streamline loan servicing processes, has secured $60 million in a Series A funding round.

The Centre for Finance, Innovation and Technology (CFIT), a UK-based private sector-led body set up in 2023 to help promote innovation and spur growth in UK fintech, has named Anna Wallace as its new CEO, effective 1 September.

Spanish banking giant Banco Santander has appointed Juan Olaizola as its new group chief operating and technology officer, effective 1 September.

New cash injection takes the firm’s total capital raised to date to around $65 million.

Wealth management technology provider Envestnet has agreed a deal to sell its open finance and data analytics subsidiary Yodlee to US-based private equity firm STG for an undisclosed sum.

Payments giant aims to integrate CipherTrace’s crypto security and fraud detection capabilities.

The start-up has now raised around $71 million in total.

Arun Mani joins Pleo after a successful spell at software company Freshworks.

The Utah-based company says the funds will be used to further invest in growth

US-based Richland State Bank has partnered with Modern Banking Systems (MBS) by Finovifi to upgrade its core banking technology.

Okay provides analytics and reporting software designed to help engineering teams streamline workflows.

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The round was led by Sequoia Capital with participation from Will Smith’s Dreamers VC.