Tag: Neobank

BusinessStartupsTechnology

Allica Bank Expands into Embedded Finance with Kriya Acquisition

Allica Bank has acquired Kriya in a strategic move to enter the embedded finance market. The combined entity reportedly aims to advance £1 billion in working capital financing to UK small and medium businesses within three years while maintaining Kriya’s brand and leadership.

Strategic Acquisition Expands Embedded Finance Capabilities

Allica Bank has reportedly acquired Kriya in a strategic move to enter the embedded finance market, according to recent reports. Sources indicate the combined offering will provide flexible working capital and PayLater options specifically tailored for small and medium-sized businesses (SMBs) across the United Kingdom.

by Alvarez Jordan
BusinessFintech

Revolut Secures Mexican Banking License in Major Latin American Expansion

The UK-based financial technology company has received the final authorization needed to launch banking services in Mexico. This marks Revolut’s latest strategic move in its ongoing Latin American expansion following recent approvals in Colombia.

Regulatory Milestone Achieved

The UK FinTech giant Revolut has reportedly secured final authorization from Mexican regulators to commence banking operations in the country, according to sources familiar with the matter. The National Banking and Securities Commission (CNBV), with approval from the Bank of Mexico, granted the company permission to operate as a multiple banking institution, the report states.

by Alvarez Jordan