Accounting platform Autobooks bags $50m in Series C round

US-based payment and accounting platform Autobooks has raised $50 million in a Series C round led by Macquarie Capital Principal Finance. Autobooks raises $50m Series C Also participating were new and existing investors including Baird Capital, Commerce Ventures, Draper Triangle, Mission OG and TD Bank. Larry Handen, senior managing director at Macquarie Capital, will also … Read more

State of play: Money 20/20 Europe

Each month, fintech analyst Philip Benton explores a new topic and assesses the “state of play”, providing an in-depth analysis and understanding of the market landscape. Recapping key themes and trends at Money 20/20 Europe This month is a little different we provide a fintech industry “state of play” as we recap key themes and … Read more

the FCA flexes its regulatory muscle

In April, the FCA took action against a fintech firm and demonstrated its capability and willingness to exercise its asset recovery powers. Account freezing orders are a tool used for asset recovery A fintech start-up consented to forfeit £2 million held in its name to the, following claims the money was the proceeds of “illegal … Read more

How AI can support the financial crime battle against modern slavery

As recently as 2020, the Center for Social Justice estimated that there were 100,000 or more modern slaves in the UK. And estimates suggest that globally indentured labor generates between $50-150bn. Criminal gangs use various sophisticated psychological, financial, and physical techniques to maintain control over their workforce. Often targeting vulnerable people who have nowhere to … Read more

Why Do Organizations Need a Cloud Strategy?

Everyone in the tech space is aware of cloud services’ role in fostering innovation and adoption of technology-based solutions, and the benefits they offer to the businesses embracing it. Under market demand or internal push, there’s now an urgency, especially for ISVs, to adopt cloud services. Because it’s not just a matter of competitive advantage … Read more