Mexican fintech Minu bags $30m Series B funding
Minu has now raised $47 million in total funding to date.
News, intelligence and resources on the global fintech industry including topics such as investment & funding.
Minu has now raised $47 million in total funding to date.
Tanner Servicios Financieros is establishing “a fully licensed and regulated commercial bank subsidiary”.
Navro (formerly known as Paytrix) has also secured licences in the UK and Ireland (EU) this year.
The funding follows NovoPayment’s $19 million Series A round in 2022.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
The Chancellor has revealed plans for a Digital Gilt pilot and “decisive action to advance open banking”.
Our pick of the top fintech news stories this week includes Klarna, Ualá, Visa and more.
Klarna has not yet disclosed the number of shares or expected price range of the offering.
Prodigy previously sourced a $250 million facility with the DFC in 2020.
The company claims that its app now has 8 million users across Argentina, Colombia, and Mexico.
The round comprised $78.9 million in equity and $179.3 million in debt.
The new funding builds upon Agicap’s $100 million Series B, led by GreenOaks Capital in 2021.
BCP will use Microsoft Azure to create a hybrid computing environment in collaboration with Kyndryl.
PNC’s total investment in branch expansion is set to be $1.5 billion over the next 5 years.
Modifi and SMBC will seek to assist Asia’s SME exporters in expanding international trade operations.
SmartBank says it is “actively recruiting” for roles in marketing, compliance, data analysis, and engineering.
The new round of funding follows Lean’s $33 million Series A in 2022.
The paytech unicorn has now raised over €500 million in total funding to date.
Iwoca plans to double its Flexi-Loan limit to £1 million for medium-sized businesses.
Cover story: GOING GREEN – Why sustainable finance is vital.
Our pick of the top fintech news stories this week includes Bank of New Zealand, Airwallex, Griffin and more.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
OkHi, Workpay, Oze and Orda.Africa have all received investment from Visa.
Guidepost’s investment marks Kaizen’s first external funding since its founding in 2013.
This is Sunbit’s second debt warehouse facility in 2024, following its $310 million deal in January.
The round values Melio at $2 billion, down from its previous $4 billion valuation in 2021.
Alongside its leadership change, Ripjar has also bagged a majority growth investment from Long Ridge Equity Partners.
CEO Jean Murphy will step down after two years, succeeded by Nomo Fintech’s Simon Bateman.
New Zealand’s FMA cancelled Equitise’s crowdfunding services licence in April 2024.
Airwallex last raised $100 million through a Series E extension two years ago at a valuation of $5.5 billion.
PowerPay claims to have processed over $8 billion in loans since its inception in 2017.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Osigu has partnered with Visa to address healthcare payment challenges in LatAm and the Caribbean.
FinTech Futures takes a look back at five of the top AI stories from October.
The raise builds on a $10.5 million Series A closed by Reflexivity, then known as Toggle AI, in 2021.
The round was led by Development Partners International with participation from Google’s Africa Investment Fund.
FinTech Futures takes a look back at five of the top funding rounds to take place over October.
The new cash injection brings Wildfire’s total funding to date to $36 million.
Interface.ai provides pre-trained agentic AI solutions specifically tailored to community banks and credit unions.
The round was co-led by Acrew Capital, Leap Global and Lightspeed Venture Partners.