ING Ventures has invested €7.5m ($8.8m) in fintech company Cobase which enables international customers manage multiple bank accounts through a single platform. ING Cobase is …
South African fintech Jumo raises $52m in new funding round
South Africa’s fintech start-up Jumo has raised $52bn in an equity funding round that was led by Goldman Sachs. Finnfund, Vostok Emerging Finance, Gemcorp Capital, …
Divido receives investment from Mastercard and Amex
Divido, a consumer finance platform in the UK, has raised $15m in Series A funding round led by Dawn Capital and DN Capital. The funding …
MB Financial stockholders approves $4.7bn merger with Fifth Third Bancorp
MB Financial, holding company for MB Financial Bank, has received necessary stockholder approvals for its $4.7bn merger with Ohio based Fifth Third Bancorp. However, the …
India to merge three state-owned banks to revive lending
The Government of India has decided to a Bank of Baroda merger with Dena Bank and Vijaya Bank to improve the operational synergy of the …