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Bank Norwegian and Tietoevry Renew Partnership: A Five-Year Commitment to Innovation
Bank Norwegian and Tietoevry Banking have renewed their strategic partnership for five years, aiming to enhance global credit card services. With 1.4 million international cardholders, Bank Norwegian seeks to improve user experience, security, and operational efficiency. Tietoevry Banking, known for its advanced fraud prevention technologies, will support Bank Norwegian in streamlining operations and expanding market presence. The partnership also emphasizes sustainable banking through innovative card production services. Leadership from both companies expressed confidence in the collaboration, highlighting its potential to deliver exceptional and customer-friendly credit card experiences while adhering to regulatory standards.
Saudi FinTech Nqoodlet Raises $3M to Revolutionize Financial Operations for SMEs
Saudi Arabia’s FinTech landscape is evolving with the rise of companies like Nqoodlet, which recently secured $3 million in seed funding to enhance its financial operating system for small and medium-sized enterprises (SMEs). Led by Waad Investment, the funding round attracted notable investors, marking a pivotal moment for Nqoodlet’s expansion in Saudi Arabia and the MENA region. The platform offers smart corporate cards, automated VAT and accounting tools, and open banking integrations. With plans to advance product development and incorporate AI, Nqoodlet has already helped over 600 businesses save over 80 million SAR in costs, aiming to better serve the often-overlooked SME sector.
Persona Raises $200M in Series D Funding, Achieving $2 Billion Valuation Milestone
California’s identity verification platform, Persona, has raised $200 million in a Series D funding round led by Founders Fund and Ribbit Capital, boosting its valuation to $2 billion. Founded in 2018 by Rick Song, Persona provides identity infrastructure for businesses across sectors like finance and travel. The latest funding attracted participation from existing investors, including BOND and Coatue. With a growing customer base that includes clients like OpenAI and Lime, Persona plans to use the funding to develop a “verified identity layer” and enhance its offerings, ensuring compliance and improving user experiences in digital interactions.
Sardine Secures $70M in Series C Funding to Accelerate AI-Powered Fraud Prevention Solutions
Sardine, a San Francisco-based fraud prevention company, has raised $70 million in a Series C funding round led by Activant Capital, bringing its total funding to $145 million. Founded in 2020, Sardine focuses on enhancing fraud detection and compliance for financial institutions amid increasing AI-driven scams. The new capital will help advance its AI agents for automating risk functions, improve real-time risk assessments, and expand global operations. Sardine aims to integrate fraud prevention with anti-money laundering capabilities while ensuring compliance with evolving regulations, ultimately striving to rebuild trust in financial services.