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Zolve Neobank Raises $51M in Equity and $200M in Debt for US and Canada Expansion
Zolve, a neobank focused on financial services for global citizens relocating to the US, has raised $51 million in equity and $200 million in debt funding to expand its operations. The Series B round, led by Creaegis, included investments from HSBC, SBI, and others. Founded in 2021, Zolve offers credit cards, bank accounts, and uses international credit data to aid expats. With plans to enter Canada by August and expand to the UK and Australia by 2026, Zolve aims to address challenges faced by cross-border financial institutions, enhancing financial inclusion for skilled professionals.
Keep Secures C$108 Million to Disrupt Legacy Banks in Canada’s SMB Sector
Canadian FinTech company Keep has raised C$108 million, marking its exit from stealth mode and aiming to transform financial services for small businesses in Canada. The funding consists of C$33 million in equity led by Tribe Capital, a C$71 million credit facility from Coventure, and C$4 million in venture debt from Silicon Valley Bank. Keep plans to introduce innovative solutions like the first FinTech business credit card, multi-currency accounts, and automated expense management. With over 3,000 small businesses onboarded and a goal to reach 100,000 by 2027, Keep aims to save entrepreneurs C$250 million in fees annually.
Generali Partners with eToro to Launch Innovative PER and Life Insurance Solutions for French Investors
eToro has partnered with Generali to launch innovative life insurance and Plan d’Épargne Retraite (PER) offerings for French users, following the establishment of eToro Patrimoine, its new French subsidiary. This collaboration combines eToro’s digital investment expertise with Generali’s insurance experience, providing flexible savings options and long-term growth solutions tailored to diverse financial needs. Users can choose from managed portfolios or create their own strategies using over 500 products, all within a fully digital experience. This initiative underscores eToro’s commitment to enhancing its presence in France and addressing the wealth management needs of local investors.
Mastering GRC Leadership: Effective Strategies for Credit Unions to Navigate Turnover Challenges
Credit unions are grappling with significant staffing challenges, especially in governance, risk, and compliance (GRC) roles, with 46% citing recruitment and retention as major issues, according to a Wipfli study. A talent gap has persisted over the past decade, exacerbated by a projected 6% growth in demand for compliance analysts. To mitigate disruptions, credit unions are encouraged to establish strong succession plans, integrate compliance management into continuity strategies, and adopt regulatory technology (RegTech) for streamlined processes. By viewing turnover as an opportunity, credit unions can reinforce their commitment to member welfare and ensure organizational stability.