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Maven VCTs Launch £50 Million Fundraise
Nicholas Hyett, Investment Manager at Wealth Club commented:
“Maven is perhaps more focussed on mitigating losses than any other VCT manager. It does that by focussing on more established B2B businesses, ideally with recurring revenues, operating in defensive sectors like cybersecurity and diagnostic services.
The Maven VCTs are also notable for the diversification they offer. Spread an investment across all four Maven VCTs and an investor will be invested in over 130 private and AIM quoted companies. A diverse portfolio helps ensure individual failures, inevitable when investing in small companies, don’t sink the whole VCT.
That conservative approach meant Maven missed out on some of the most spectacular returns in the 2021 boom, but has stood it in better stead more recently as some other VCTs have seen a dramatic reversal in their performance.”
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Identity Fintech Duna Raises €30m in Series A round
Duna, the identity fintech founded by two Stripe alumni, today announced a €30 Million Series A funding round led by CapitalG, Alphabet’s independent growth fund. Existing investors Index Ventures and Puzzle Ventures also participated in the round.
Revolut to Invest $400 Million in Australian Business
Since entering the Australian market in 2020 with a team of just three, Revolut has evolved from a simple digital travel card and currency exchange platform into a complete financial lifestyle app with more than 30 products and services across payments, wealth, budgeting, lending, insurance and rewards.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
Uniting Europe’s capital markets by consolidating issuance, custody, trading, and settlement of securities into a regulated system built on DLT.
Swedish AI Company Fintower Raises €1.5 Million in Oversubscribed Seed Round
The Gothenburg-based company Fintower recently closed an oversubscribed seed round that attracted both new and existing investors. Among the investors are Chalmers Ventures, Akka, the Stena family through William Olsson, as well as several entrepreneurs and angel investors. Existing investors include Almi, Daniel Jonsson from Inet, and Alexander Hars. In total, €1.5 million was raised.
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Clara Renews $150 Million Debt Facility With Goldman Sachs to Scale Payments Products in Mexico, Bringing Total Debt Capacity to Over $250 Million
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Addresscloud Appoints Clair Bush as Fractional CMO to Support Scalable Delivery of Geospatial Risk Intelligence
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Banking Transformation Summit | 19-20th May | Tobacco Dock, London
The banking industry is no longer at a crossroads; it is in the midst of a total architectural shift. As Generative AI moves from boardroom buzzword to operational reality and "Agentic Banking" begins to redefine customer engagement, the need for a collaborative roadmap has never been greater.
ComplyAdvantage: Why Compliance Still Needs the Human Touch
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ING: Turning AI Pilots Into Production
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Volante Technologies: Why Banks Need Partners, Not Vendors
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Akbank Goes Live on Mambu Core in Germany
Akbank AG has gone live with a new core banking platform from Dutch core banking vendor Mambu and completed a parallel rebuild of its data warehouse and reporting capabilities, according to separate LinkedIn posts from project leads.
Anchorage Digital Lands $100m Tether Investment at $4.2bn Valuation
Anchorage Digital has secured a $100 million equity investment from stablecoin heavyweight Tether and has launched its first employee tender offer.