Top tech news today: January 20, 2025

Top tech news today: January 20, 2025 is profiled by BTW Media because public-source evidence links it to internet infrastructure, governance, operational dependencies, or market visibility.

<title>News Summaries</title>

<h2>1. Wefox closes $187M refinancing deal</h2>
<p>Wefox, a European insurtech leader, has successfully closed a €170 million refinancing deal to support its growth in the insurance market. <a href="https://fintech.global/2025/01/02/european-insurtech-leader-wefox-closes-e170m-refinancing-deal/" target="_blank" rel="noopener">Source</a></p>

<h2>2. Regnology secures investment for global expansion</h2>
<p>Regnology has received a major investment from CPP Investments, aimed at fueling the company’s global expansion in financial services. <a href="https://fintech.global/2025/01/02/regnology-secures-major-investment-from-cpp-investments-for-global-expansion/" target="_blank" rel="noopener">Source</a></p>

<h2>3. Failed fintech startup Bench racked up $65M in debt</h2>
<p>Documents reveal that failed fintech startup Bench accumulated over $65 million in debt before its collapse, highlighting the financial struggles faced by many startups. <a href="https://techcrunch.com/2025/01/16/failed-fintech-startup-bench-racked-up-over-65-million-in-debt-documents-reveal/" target="_blank" rel="noopener">Source</a></p>

<h2>4. Recharge raises $49.5M for M&A expansion</h2>
<p>Prepaid payments platform Recharge has secured €45 million in funding to pursue a series of acquisitions, aiming to expand its market presence and enhance service offerings. <a href="https://techcrunch.com/2025/01/16/prepaid-payments-platform-recharge-raises-e45m-to-go-on-ma-spree/" target="_blank" rel="noopener">Source</a></p>

<h2>5. Amazon to acquire Indian BNPL fintech Axio</h2>
<p>Amazon has signed an agreement to acquire Indian fintech Axio, aiming to expand its services in the buy now, pay later (BNPL) sector and reach underserved customers. <a href="https://www.fintechfutures.com/2025/01/amazon-inks-deal-to-acquire-indian-bnpl-fintech-axio/" target="_blank" rel="noopener">Source</a></p>

<h2>6. iCapital to acquire Parallel Markets for streamlined onboarding</h2>
<p>iCapital has announced its intention to acquire Parallel Markets, enhancing its digital identity, investment onboarding, and compliance verification processes for clients. <a href="https://www.businesswire.com/news/home/20250115839401/en/iCapital%C2%AE-to-Acquire-Parallel-Markets-to-Streamline-Digital-Identity-Investment-Onboarding-and-Compliance-Verification/" target="_blank" rel="noopener">Source</a></p>

<h2>7. Three taps Ericsson to replace Nokia core network</h2>
<p>Three has selected Ericsson to replace its Nokia core network, a strategic move aimed at enhancing its network performance and supporting future growth. <a href="https://www.telecoms.com/5g-6g/three-taps-ericsson-to-replace-its-nokia-core-network" target="_blank" rel="noopener">Source</a></p>

<h2>8. Southern Cross achieves 1 Tb/s transmission</h2>
<p>Southern Cross Cable Limited has successfully completed the world’s first 1 Tb/s transmission across the Pacific, utilizing Ciena’s WaveLogic 6 technology for enhanced connectivity. <a href="https://www.ciena.com/about/newsroom/press-releases/southern-cross-achieves-worlds-first-1-tbs-transmission-across-the-pacific-with-ciena" target="_blank" rel="noopener">Source</a></p>

<h2>9. Trump nominates aide for FCC position</h2>
<p>Former President Trump has nominated a Senate aide for a position at the Federal Communications Commission, aiming to influence future telecommunications regulations. <a href="https://www.reuters.com/world/us/trump-nominates-senate-aide-serve-federal-communications-commission-2025-01-16/" target="_blank" rel="noopener">Source</a></p>

<h2>10. Ofcom considers cutting complaint escalation timeframe</h2>
<p>Ofcom is exploring changes to reduce the complaint escalation timeframe, despite objections from telecommunications companies regarding potential impacts on their operations. <a href="https://www.telecoms.com/regulation/ofcom-may-cut-complaint-escalation-timeframe-despite-telco-objections" target="_blank" rel="noopener">Source</a></p>