ICYMI funding round-up: Chip, Multiverse Computing, Kevin, APLYiD & more
Another collection of funding rounds and raises from all over the world you might have missed.
Cards
Mastercard partners digital asset platform Bakkt to offer ‘Crypto-as-a-Service’
Partnership forms part of Mastercard’s broader crypto strategy.
Swiss fintech start-up Yokoy raises $26m in Series A round
The Swiss fintech plans to invest in tech development and global expansion.
LatAm fintech Pomelo raises $35m in Series A round led by Tiger Global
Fintech claims raise is “one of the largest Series A investment rounds in the history of Latin America”.
AmEx and Goldman Sachs partner to deliver cloud-based corporate payments platform
The platform will support multiple payment options and offer data and analytics dashboards.
Fintech funding deals globally 18 October – 24 October 2021
Featuring N26, Deel, FTX, Zopa and Brex.
GPS secures $300m investment to boost product development and global expansion
New financing follows an undisclosed investment from Visa last year.
Green Dot picks Temenos Banking Cloud to digitise partner accounts
Prepaid debit card firm plans to roll new system out across multiple channels.
Curve reports widening operating losses despite revenue growth in 2020
The banking platform suffered from the high costs of doing business during the pandemic.
Google pulls Plex after less than a year in development
Aborted banking project reflects change of financial services strategy at Google.
Swan raises €16m Series A to accelerate European expansion
The BaaS platform wants to democratise access to banking services.
Payments fintech Highnote emerges from stealth with $54m funding
The card issuing platform will help SMEs compete with ecommerce giants like Amazon.
Paytech Recharge eyes global expansion after $35m investment
The Series B round culminated in one of the largest investments into a Dutch startup in 2021.
Canadian fintech start-up Neo Financial lands $50m Series B funding
New funds will be used for further product development and to grow its team.
Corporate credit card start-up Cape partners with open banking provider Basiq
The tie-up will see Cape’s upcoming cards integrated with Basiq’s open banking technology.
Curve CTO to leave the fintech after four years
Matt Collinge is headed to unknown pastures new.
Fintech ecosystem MNT-Halan lands $120m funding
The Egyptian digital platform connects merchants and users who are typically excluded from financial institutions.
Visa partners Indian paytech to push offline payments
Innoviti says it is committed to building a cashless India, driving financial inclusion across the country.
Expense management platform Jeeves secures $57m Series B funding
The new investment takes the start-up’s valuation up to $500 million.
Investcorp tech fund snaps up e-wallet firm MIR
The acquisition marks the eighth investment from the private equity firm’s Investcorp Technology Fund IV.
Railsbank hires Stuart Gregory as new chief product officer
Gregory joins from fintech firm Wise, having previously worked for Paysafe and Visa.
Point raises $46.5 million to build out premium debit card
US challenger aims to create an anti-credit card.
Fintech funding deals globally 30 August – 5 September 2021
Featuring Insurify, Snap Raise, Clicklease, Jeeves and Origin.
CIBC acquires Costco’s Canadian credit card portfolio
CIBC will also become the exclusive issuer of Costco Mastercards in Canada.
Fintech funding deals globally 23 August – 29 August 2021
Featuring OPay, Ramp, Zepz, Ekuaibao and Cora.
Video: fintech news pick of the week – Mastercard, Ramp, PayPal & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Ramp hits $3.9bn valuation with $300m Series C funding round
The start-up has also agreed a deal to acquire “negotiation-as-a-service” platform Buyer.
Transact365 – change the way you process online payments
Localise, globalise and optimise your business with Transact365’s range of payment and banking solutions.
Mastercard confirms timescale for phasing out magnetic stripe
Stripe-less cards will be issued from 2024 for selected regions.
Brex acquires Israeli start-up Weav in $50m deal
US fintech will aim to leverage Weav’s API technology.
Ualá hits $2.45bn valuation with $350m Series D round
Fintech start-up claims the funding is a record investment for an Argentine company.
US neobank Upgrade secures $105m Series E funding round
The new funding round values the firm at more than $3.3 billion.
Malaysian challenger BigPay raises $100m to fund Asian expansion
BigPay is the fintech unit of Malaysian budget airline AirAsia Group.
Card issuing platform Lithic secures $60m Series C funding
The raise follows hot on the heels of its $43 million Series B in May.
NewDay launches UK’s first cardless consumer credit offering
The credit provider plans a full launch of the paperless and plastic-less “Bip” later this year.
B2B payments platform Nium hits unicorn status with $200m Series D round
Nium has now raised a total of around $280 million in funding.
Deko hires former Barclays tech chief as new CTO
Tom Myles joins as CTO along with Rob Fernandes as CPO.
Lloyds and Mastercard sign open banking payments partnership
The new platform, PayFrom Bank, utilises Mastercard’s Payment Gateway technology.
Spendesk lands €100m Series C funding round
The Paris-based firm plans to use the funds to double its staff and accelerate product development.
Soldo secures $180m Series C funding round
Soldo says the round is a European record for the spend management category.
