Mendel’s AI Upgrade 💰

What we’ll cover today:

• The UK’s plan to increase deposit protection from £85K to £110K

• Mendel’s $35M Series B funding to boost AI-driven spend management

• What fintech leaders are saying about these moves

• Upcoming fintech events you can’t miss!

UK’s PRA Proposes Deposit Protection Increase 💰

The UK’s Prudential Regulation Authority (PRA) wants to increase the Financial Services Compensation Scheme (FSCS) protection limit from £85,000 to £110,000. This could mean safer savings for bank customers.

🚨 Breaking News:
If approved, this change would increase the safety net for deposits in the event of a bank failure.

⚡ Wire Simplified:

• The PRA is proposing a boost in deposit protection from £85,000 to £110,000.

• FSCS provides a safety net for customers when banks go under.

• This change comes after recent banking turbulence, aiming to restore confidence.

• The new limit would cover more deposits and could kick in from mid-2025.

• The proposal is part of ongoing efforts to strengthen financial stability.

✔️ Straight to the Point:
The PRA is stepping up deposit protection to shield more savings, reflecting a proactive approach after recent banking mishaps.

FROM OUR FOUNDER…

The Smartest Way to Grow Your Newsletter 🚀

Tired of low-quality subs and wasted ad spend? I’ve scaled AI, fintech, SaaS, and multiple niche specific newsletters with real, engaged and high intent subscribers. Would love to do the same for you!

✅ 50%+ open rates—no bots, no junk leads.
✅ No ad management fees—just pay per engaged subscriber.
✅ First-party data & proprietary methods ensure quality.
✅ Risk-free scaling—we’ve built and grown newsletters ourselves.

📩 Want high-intent subscribers that actually engage? Let’s talk.

Mendel Raises $35M to Boost AI Capabilities 🚀

Mendel, a spend management platform, has secured $35 million in Series B funding. The company plans to supercharge its AI features and expand its reach.

🚨 Breaking News:
The fresh funds will help Mendel scale up its AI-driven spend management tools, making business expense tracking smarter and faster.

⚡ Wire Simplified:

• Mendel just bagged $35 million in Series B funding.

• The focus: Scaling AI capabilities to improve spend management.

• Investors believe the platform has strong growth potential.

• Mendel plans to use the funds for tech upgrades and market expansion.

• The goal: Make managing expenses less painful for businesses.

✔️ Straight to the Point:
Mendel is betting big on AI to transform business spend management, and investors are backing their vision with $35 million.

Africa Fintech Summit 2025
Africa Fintech Summit unites the African FinTech ecosystem, including startups, investors, regulators, and banks, to discuss innovation and growth in financial technology on the continent.
Date: April 17–18, 2025 | Location: Nairobi, Kenya

Book your seat here

Middle East Banking Innovation Summit 2025
This event highlights the FinTech revolution in the Middle East, focusing on payments, digital currencies, and open banking.
Date: September 2025 | Location: Dubai, UAE

Book your seat here