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This Week: Finbourne, Eventus, Esprow & more

A summary of the latest financial technology news.

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Finbourne extends Series A round with £30 million debt facility from Kreos Capital

Finbourne has secured a £30 million (~$37 million) debt facility from Kreos Capital. The funding forms an extension to Finbourne’s Series A round, which was completed in April 2021.

The fintech, which provides SaaS-delivered data management solutions to simplify infrastructure concerns for financial institutions, says that it will use the funds to branch out beyond its investment management origins into banking

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‘Vibe coding is burning us out’

Vibe coding is rapidly spreading throughout the capital markets, and some are unhappy about it, while others believe the genie is out of the bottle. Engineers spoken to for this story share some choice words—and several expletives—about this new form of coding.

The enshittification of AI

The Waters Wrap: AI may look good to its developers, but there are a few problems lurking below the surface that might cause problems. Max Bowie explains.

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