Nuri filed for insolvency, two months after it announced layoffs; & more!

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NEWS HIGHLIGHT

Nuri filed for insolvency today, two months after the Berlin-based digital bank announced layoffs as it struggled with the rout in cryptocurrency prices, economic uncertainty, and difficult funding environment

FINTECH NEWS

#apple

• Apple Pay is now available in Malaysia with three supporting banks namely Maybank, AmBank Group and Standard Chartered Bank. #moversandshakers


• ComplyAdvantage named Andrew Davies as Global Head of Regulatory Affairs.


• Luno has announced the hiring of Thomas Tudehope who come in as Luno's Global Head of Policy

#donedeal

• A new £1 billion fintech fund to accelerate the growth of promising UK scale-ups is to be backed by a group of senior industry figures


• Capify launched a £40m fund for UK SMEs, to help manage operations through difficult trading conditions. Link here.


• CreatorDAO raises $20 million, in an ambitious bet on the creator economy. Backers include Andreessen Horowitz (a16z) and Paris Hilton among others. Link here.


• Appital secured an additional £1.7 million investment from Frontline Ventures and various angel investors to bring technological innovation and automation to equity markets. Link here.


• Dezerv has bagged $21 million in a Series A funding round led by Accel Partners. Also participating in the round were existing investors Matrix Partners India and Elevation Capital. Link here.