FinTech Magazine May 2024 | Page 12

MONTH IN REVIEW

NUBANK PARTNERS WITH WISE ; ENTERS GLOBAL ACCOUNT MARKET
Announced on April 8 2024 , Nubank ’ s first dip into the global account market began with a preregistration for customers in the ultraviolet segment . At the time of its launch , Nubank ’ s global account market offering is first available for travel or allocating reservations in either US Dollars or Euros .
FINTECH FLOQAST SECURES US $ 100M IN SERIES E FUNDING
Fintech accountancy software provider FloQast announced the successful closure of its Series E funding round , having raised US $ 100m . The significant capital injection from ICONIQ , a renowned investment firm known for backing high-growth technology companies , pushed FloQast into a US $ 1.6bn postmoney valuation .
12 May 2024