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Pacific Service Credit Union and Lumin Digital | January 20, 2023

On January 19, 2023, Lumin Digital announced that it established a multi-year agreement with Pacific Service Credit Union (Pacific Service CU) in California to promote an improved online banking experience for the latter's almost 70,000 members and assets worth over $1 billion. Lumin's cloud-based online and mobile digital banking platform, set to launch in October, will provide better safety, security features, and seamless digital integration. This would help Pacific S...

FUNDING

Soldo | July 22, 2021

Soldo, the leading European pay and spend automation platform, today announced the completion of a $180 million Series C investment round, a European record in the spend management category. Temasek, a significant global investor headquartered in Singapore, led the funding. Sunley House Capital, Advent International's crossover fund, and Citi Ventures are among the new investors in the round, which also includes debt funding from Accel, Battery Ventures, Dawn Capital, and Sili...

Reuters | April 10, 2020

U.S. President Donald Trump said on Friday the funding measure to help small business should be approved by Congress with no additions, as a partisan skirmish in the U.S. Senate cut short a Republican effort to speed $250 billion in new assistance. Republicans sought quick Senate passage of a small-business measure sought by Trump’s administration on Thursday but ran into opposition from Democrats who wanted to add provisions such as funds for hospitals, local governments and food assistan...

Starling Bank | February 10, 2020

Starling Bank has raised a further £60 million from existing backers Merian Global Investors and JTC. The investment brings the total raised by Starling to £323 million and follows two funding rounds of £105 million in aggregate led by Merian in 2019. The UK challenger bank says it will award shares to all 800 employees, incentivizing staff as it strives to meet a target for a first full year in profit by the end of 2021. Starling posted a £26.8 million loss in 2018. Anne...