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Brex hits $12.3bn valuation
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Brex hits $12.3bn valuation

Corporate credit card fintech Brex has seen its value soar to $12.3 billion after pocketing another $300 million in funding, according to TechCrunch. No announcement has been made but a term sheet has been signed on the round, says TechCrunch, citing sources. The latest money comes after a $425 million Series D in April at...

Klarna buys travel planner Inspirock
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Klarna buys travel planner Inspirock

Klarna has acquired online travel planner Inspirock in a deal the BNPL giant says will enable its 90 million users plan and shop for their trips before paying in instalments. Financial terms were not disclosed. Over 25 million travellers a year use Inspirock to plan trips tailored to their interests or find inspiration on where...

Revolut acquires team from talent-sourcing marketplace Wanted
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Revolut acquires team from talent-sourcing marketplace Wanted

Revolut has acquired the team behind New York-based talent sourcing marketplace Wanted. Financial terms were not disclosed. The deal brings Wanted’s five founders – Balazs Alexa, Guillaume Breux, Mario Eguiluz, Jean Meyer and Eva Peris – to fintech giant Revolut. Founded in 2019, Wanted raised $2 million in pre-seed funding and amassed a 100,000 user...

Accelar launches impact hub to drive nature-positive project investment
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Accelar launches impact hub to drive nature-positive project investment

Accelar has today launched a Nature Finance Impact Hub, which seeks to drive market confidence in nature-positive projects, by isolating their financial and environmental benefits. A strategy and sustainability consultancy, Accelar’s core business aim is to help accelerate the clean growth transition by providing advisory and solutions around green finance, natural capital, decarbonisation, climate resilience,...

XanPool raises $27m for payments infrastructure
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XanPool raises $27m for payments infrastructure

Asian payments infrastructure builder XanPool has raised US$27 million in a Series A funding round led by Valar Ventures and joined by Wise founder Taavet Hinrikus. XanPool is a payments and liquidity network that describes itself as similar to Mastercard and Visa. However, instead of having a closed network of banks as partners, XanPool’s open...

HSBC calls in magician Troy von Scheibner to raise fraud awareness
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HSBC calls in magician Troy von Scheibner to raise fraud awareness

As Black Friday approaches, HSBC has enlisted magician Troy von Scheibner to show Brits how fraudsters play mind games designed to gain victims’ trust and pressure them into handing over personal information. Purchase scams – where fraudsters trick shoppers into paying in advance for goods or services that are never received – are the most...

BBVA launches digital retail bank in Italy
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BBVA launches digital retail bank in Italy

Spanish giant BBVA is making a push into the Italian retail banking market with the launch of a digital-only service. BBVA has had a wholesale banking presence in Italy for over three decades but is now targeting consumers with an app-based offering. Customers will get a card with no printed numbers and a dynamic CVV...

Remote work is bringing the city to the suburbs
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Remote work is bringing the city to the suburbs

Watertown, Massachusetts, has long been a popular place to live due to its proximity to Boston and its distinction as having a very large Target. Thanks to remote work, locals say the city is now becoming more attractive in its own right. More people spending more of their time in Watertown has meant more urban...

How New York overengineered its million-dollar vaccine passport
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How New York overengineered its million-dollar vaccine passport

New York’s Excelsior Pass is getting more popular. Since it launched in March, the digital vaccine platform has issued millions of passes, which allow people to display proof of vaccination or negative test results via an app developed by the state. But not many businesses are using the Excelsior Pass’s signature feature: a scannable QR...

US consumer watchdog probes Big Tech’s use of payment data
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US consumer watchdog probes Big Tech’s use of payment data

The US Consumer Financial Protection Bureau (CFPB) has ordered Amazon, Apple, Facebook, and Google to hand over information on their payment system plans so that it can see how they gather and use customer data. The consumer watchdog says it has the statutory authority to order participants in the payments market to turn over information...