Image Credits: ipopba / Getty Images We still see regular updates on the calamitous fallout of the 2020 collapse of Wirecard, the now-insolvent fintech out of Germany that had built an elaborate house of cards on false accounting and murky business. Meanwhile, some of the assets from that operation, now under new ownership, appear to be in growth mode. NomuPay — a unified payments business formed by VC Finch Capital out of its 2021 acquisitions of Wirecard assets, specifically local licenses,...

Anne Boden nearly lost a grip on Starling Bank years ago when the neobank was in the middle of a coup effort led by its CTO, but now it looks like Boden who is doing the walking away. The outspoken founder of Starling Bank — which was last valued at over $3 billion, is profitable and has 3.6 million customers — today announced that she would be stepping down as CEO of the company, but would remain on the board. The statement was made to coincide with the company posting annual results, which...

Image Credits: Spencer Platt / Getty Images First Republic Bank (FRB), on the brink of collapse in the weeks after the Silicon Valley Bank crisis, has finally fallen over, but with a relatively quick resolution into its next chapter: today the Federal Deposit Insurance Corporation (FDIC) announced that it was being closed by the the California Department of Financial Protection and Innovation, that the FDIC was appointed as receiver, and that the FDIC would be selling the assets to...

AI is riding high on a curve of hype, which means some of the practical questions that might grow louder over time — the many costs (financial and social), the business models — may not be the most front of mind right now. Today a startup called Fetch.ai is announcing $40 million in funding in anticipation of when that shifts. The startup, based out of Cambridge, England, says it is building tooling that focuses on “autonomous agents, network infrastructure, and decentralised machine...

Image Credits: Getty Images Payments remains one of the most fragmented of online services, a situation that is only compounded when your business trades internationally. A UK startup called Paytrix says it has raised $18.3 million in funding to build out a solution to fix this: a single platform — and single contract — that lets its customers manage all of the different payments options from payment acceptance to payouts, in one place. The funding is a Series A and it is being co-led by...