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Sequoia-backed PagarBook diversifies into offering digital banking services for SMEs

Staff management solutions provider PagarBook said that it is looking to offer new digital banking solutions for small and medium enterprises (SMEs) and their employees. PagarBook has largely focussed on staff and payroll management for startups, till date. As part...

Mexico’s central bank to launch digital currency by 2024

Mexico’s central bank will have its digital currency by 2024, the Mexican government announced on social media, although the development was not confirmed by the monetary authority, known locally as Banxico. “Banxico reports that it will have its own...

FSS partners with UAE’s first digital banking platform

Integrated payments technology company FSS (Financial Software and Systems) has partnered with the United Arab Emirates-based YAP, a digital banking platform, to deliver secure, digital first-card experiences to consumers in the Middle-East and African regions. Under the partnership, YAP and...

Liberty General Insurance collaborates with NIA

Liberty General Insurance has partnered with National Insurance Academy (NIA) to design an industry-first and certification course on electric vehicles (EVs) for its claims team. “Electric vehicle segment is starting to find its feet and is expected to capture considerable...

British insurtech startup Zego accelerates into the Netherlands

London-based commercial motor insurance startup Zego said it plans to launch in the Netherlands and ramp up its presence in France this year. The company, which became the UK’s first insurtech unicorn last year, said it’s also eyeing other new...

Insurtech startup Luko acquires Coya and gains insurance license

French startup Luko is acquiring German startup Coya in order to grow its European presence and get an insurance license from German regulators. While Luko isn’t disclosing terms of the deal, the company says it’s a 100% share deal,...

US fintech Brex raises $300m to expand product portfolio

US fintech company Brex has raised an additional $300m funding in a Series D-2 round that valued the company at $12.3bn. The funding round was led by Greenoaks Capital and Technology Crossover Ventures (TCV). It is expected to enable the...

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