Spend management platform Spendesk hits unicorn status with €100m funding
Spendesk will use the funding to nearly double its workforce.
Business-to-Business/B2B
Trulioo hires product veteran Michael Ramsbacker as its first chief product officer
Ramsbacker will be developing intelligent workflow systems designed to maximise verification rates.
Retail finance platform Divido appoints Todd Latham as CEO
Latham has also held senior positions at American Express and Microsoft.
SaaS tech start-up financing platform Arc lands $161m investment
“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.
BlueVine sells its founding invoice factoring business to Canadian rival FundThrough
The acquisition fast tracks the FundThrough’s expansion efforts in the US market.
Digital asset fintech Zero Hash lands $105m in Series D round
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
Brex hires Meta product head Karandeep Anand as CPO, lands $300m funding
Since its founding in 2017, Brex has raised a total of $1.2 billion.
Levenue acquires fellow Dutch financing platform Requr
Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.
Payroll automation start-up PayFit achieves unicorn status after €254m Series E
The fintech intends to hire 400 new employees across Europe in 2022.
B2B embedded finance fintech Rupifi raises $25m in Series A round
The fintech says B2B commerce has undergone a digital transformation over the past few years.
NetCents Technology hires Sholeh Atash as COO
NetCents says Atash will have executive oversight to ensure that all key performance metrics are met.
What the FinTech? Podcast | Season Two’s Jailed Buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
Private equity firm Thoma Bravo snaps up US fintech Bottomline in $2.6bn deal
The agreement will see Bottomline’s shareholders receive around $57 per share in cash.
Indian paytech Razorpay raises $375m, plans international expansion
Razorpay’s Series F funding round now values the firm at $7.5 billion.
Why start-ups, not incumbents, will be the engines of post-pandemic SME growth
Many lendtechs are looking to leverage the digital revolution to help drive post-pandemic recovery in the UK.
Noname Security becomes first API security unicorn with $135m Series C raise
The platform says it blocks over 1,000 attacks per day against its customers.
ICYMI funding round-up: Novus, Bumper, topi, Toucan, & Raison
With the fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
Ameris Bank adds to lending portfolio with Balboa Capital acquisition
Ameris Bank resources will allow Balboa to expand its offering, says Balboa CEO.
Supply chain specialist Tradeshift raises $200m in funding and debt
Tradeshift aims “to connect every company in the world, creating economic opportunity for all”.
UK SME lender OakNorth acquires cashflow forecasting solution Fluidly
Since its launch in September 2015, OakNorth Bank has lent over £6.5 billion to SMEs.
B2B BNPL firm Resolve lands $25m in latest funding round
“The market for simplifying net terms payments and embedding BNPL payment options is exploding”, CEO says.
Finance management platform Rho raises $75m in Series B round
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Goldman Sachs partners AWS for cloud data management and analytics solution
New offering is designed for hedge funds, asset managers and other institutional clients.
Anti-money laundering regtech Hummingbird secures $30m in Series B round
New funding brings the total raised to date by the start-up to $41.8m.
Nigeria’s B2B e-commerce fintech TradeDepot raises $110m
The funds will support the delivery of BNPL services to five million SME retailers across Africa.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
The Bank of London launches in UK with $1.1bn valuation
The company received its first bank licence as the sixth principal clearing bank of the UK.
YouTrip plans B2B expansion following $30m Series A
The Singapore-based fintech offers a multi-currency wallet, with a push into the corporate market now planned.
Telecoms finance firm Lenderwize completes €100m Series E1 round
International expansion is planned for the niche London-based fintech.
BNP Paribas partners European paytech SIA to launch branded corporate cards
“The payment card market is undergoing a huge transformation,” says BNP’s head of cards.
TruePay raises $32m in one of the largest Series A rounds in Brazil
The B2B BNPL fintech says it will invest in team and product development.
Tinkoff adds to business ecosystem with Jump.Finance
Russian bank buys controlling stake in self-employed contractor payment automation software specialist.
Payhawk raises $112m in second largest B2B Series B in CEE
Funding round takes payments and expenses solution provider to $570m valuation.
Tax automation firm Fonoa raises $25m for international expansion
The Dublin-based company will use the funding to extend country coverage and headcount.
Allica Bank makes first major acquisition with AIB’s GB SME lending portfolio
Deal will bring the challenger bank around 2,000 SME customers.
US fintech start-up Settle closes $60m Series B round
The San Francisco-based company has now raised $100m in total funding to date.
Singapore fintech Sleek raises $14m to fund global expansion
The company’s platform acts an ‘operating system’ for entrepreneurs and small businesses.
Aussie digital bank Volt partners Frollo to launch BaaS app
The app will be fully integrated with Volt’s core banking system.
Cybersecurity platform Immersive Labs acquires US start-up Snap Labs
“The two platforms are a natural fit,” says Snap co-founder Chris Myers.
Drata achieves unicorn status following $100m Series B
Drata intends to triple its workforce within the next year.
