The Weekly Wrap: all you need to know by Friday COB | February 7th

By Puja Sharma

The Weekly Wrap is published every Friday and recaps the week’s main stories and deals, as well as upcoming events and announcements for Prime subscribers only.

The Big Story

Perfios, India’s B2B SaaS TechFin, has announced the acquisition of Clari5 (CustomerXPs), a specialist in banking financial crime management. Clari5’s real-time platform empowers banks to detect, investigate, and prevent fraud. Its product suite encompasses three critical areas, i.e. fraud mitigation, risk management, and anti-money laundering (AML).

The strategic acquisition strengthens Perfios’ fraud and risk management (FRM) capabilities, driving product-led synergies that will fuel the company’s aggressive growth trajectory.

This move bolsters Perfios’ position in the financial sector in its home market, India, while also strengthening its presence across its key global markets, including the Middle East, North Africa (MENA), and Southeast Asia (SEA).

Deals of the week

• Intel Capital leads $19m round in TrueFoundry for AI scaling
• Backbase & Feedzai partner to enhance fraud prevention in digital banking
• Cashfree Payments raises $53m in funding led by KRAFTON
• Cedar Money raises $9.9m in Seed Round led by QED Investors
• Deutsche Bank & Yonyou help Chinese enterprises to go global
• Formance gets $21m boost for programmable Ledger tech
• J.P. Morgan backs Saudi’s Lendo with $690m to drive SME growth
• 129Knots launches OTD Technology with $10m Investment from Sing Fuels
• Solaris secures $144m in Series G funding
• Aldermore Bank taps Temenos to modernise business savings
• Fimple accelerates global expansion with $12m Series A funding

Be on the lookout for

When: February 25–26, 2025
Where: Intercontinental O2, London

FinovateEurope, one of Europe’s leading FinTech conferences, is set to bring together industry experts, innovators, and decision-makers for two action-packed days in London. The event serves as a hub for professionals looking to expand their networks, exchange ideas, and stay ahead in the rapidly evolving FinTech landscape.

Attendees will experience over 30 live FinTech demos alongside insightful discussions on AI, customer experience, payments, and embedded finance. The conference provides a valuable opportunity to reconnect with the FinTech community and explore the latest advancements shaping the industry.

Key topics include anti-financial crime technology, banking innovation, and gender diversity in FinTech. With a strong focus on collaboration and thought leadership, the event fosters meaningful conversations that drive the future of financial services.

FinovateEurope attracts 1,000+ senior decision-makers, including 700+ C-level executives, eager to network and explore new opportunities. More than 35 companies will showcase cutting-edge technology through live demos, offering real-world use cases. Additionally, over 600 banks and financial institutions—including major players like Barclays, Lloyds Banking Group, JP Morgan, Citi, HSBC, and ING—will be in attendance, making this a must-attend event for anyone in the FinTech space.