Smarterly, the digital wealth platform for the workplace, has secured £7 million investment to support its continued growth as it brings innovation to workplace savings, allowing people to save and invest directly through payroll. 

British Business Investments, the commercial subsidiary of the British Business Bank, has committed £35 million to Harwood Private Capital UK LP at its first close of £70m.

The fund will focus on deploying £3m to £15m into UK founder, family and management owned businesses, with flexible capital investing across the capital structure. Investment can be used to facilitate organic growth, acquisition, shareholder restructuring, refinancing or act as a bridge to an IPO.

The transformation of a Victorian railway building into an entertainment and business complex is nearing completion having secured a £2.9 million investment from the Development Bank of Wales.

Cardiff based fintech company Yoello has joined forces with non-profit organisation FOR Cardiff to launch a campaign to ‘#BackCardiff’ - offering cashflow support to Cardiff based hospitality and retail businesses struggling whilst social distancing restrictions are in place.

TransFICC, the specialist provider of low-latency connectivity and workflow services for Fixed Income and Derivatives Markets, has closed its Series A investment round for £5.75 million. Led by AlbionVC, it included new strategic investments from ING Ventures and HSBC.

Silicon Valley Bank (SVB) has announced COVID-19 Response & Community Support initiatives that stem from SVB’s mission to increase its clients’ probability of success, champion the innovation economy and support the global communities in which the company operates. 

Mergermarket has released its Global M&A roundup for the first quarter (Q1) of 2020, including its financial advisors league tables. Take a look at the report below and don’t forget to review the charts breaking down the activity by sector, value, year-to-year analysis. 

Lanistar, a new banking alternative fintech company, has launched after securing £2m seed-funding. The company, which is based in Hammersmith, formally launches with over 45 fulltime staff, with a further 150 support staff due to be added, and is founded by serial entrepreneur Gurhan Kiziloz who has stated his ambition to create a £1bn fintech company and challenge traditional banking services.

VoxSmart, the global leader in communications surveillance technology for Financial Markets, has completed a strategic funding round of £5.5m ($7.2m) from NatWest. 

Just under half of firms in the UK (46%) and US (45%) predict their country will go into recession in 2020, according to research by trade finance provider Stenn.

Growth Capital Ventures, a growing North East financial technology company has hit a series of milestones as it celebrates its fifth anniversary.

The Association of Investment Companies (AIC) has published the latest list of its 21 dividend heroes, the investment companies which have consistently increased their dividends for 20 or more years in a row.