Search Results for "Investec"
2 results for "Investec"
Deals 2
UK Fintech Bud Raises $20M to Connect Banks with Fintechs
Bud, a UK-based fintech platform that connects banks to fintechs and financial service providers, raised $20 million in a Series A round. Investors included HSBC, Goldman Sachs, ANZ, Investec's INVC fund, InnoCells (Banco Sabadell's venture arm), Lord Fink, and 9Yards Capital. The funding supports Bud's pivot from a consumer app to an open banking platform helping banks comply with PSD2 regulations.
SARB and Seven Banks Test DLT Wholesale Payments in Project Khokha
The South African Reserve Bank published the results of Project Khokha, a 14-week proof-of-concept testing distributed ledger technology for interbank wholesale payments using tokenized rand. Seven major South African banks participated alongside ConsenSys and PwC. The project demonstrated feasibility with transaction speeds up to 400,000 tx/sec, marking a milestone for central bank-fintech collaboration in Africa.