Cross-border mobile payments network TransferTo and banking software provider Fern Software have both been awarded a grant as a part of the United Nations Capital Development’s Shaping Inclusive Finance Transformation (Shift) Challenge Fund, reports Julie Muhn at Finovate (Banking Technology’s sister company). The goal of the fund is to use remittances to improve the economic power of women […]
Carrier billing company Boku plans to go public on the London Stock Exchange’s alternative investment market (AIM), an international market for smaller growing companies, reports Julie Muhn at Finovate (Banking Technology’s sister company). Ahead of next week’s public debut, the company announced it expects to raise $60 million on a post-money valuation of $164 million. Of the […]
Online debt collection service TrueAccord has received $22 million in funding – bringing its total amount to almost $34.5 million, reports Julie Muhn at Finovate (Banking Technology’s sister company). Leading the round was Arbor Ventures. A mix of existing and new investors, including Arbor, Nyca Investment Partnership, Assurant Growth Investing, Caffeinated Capital Fund, Felicis Venture, TenOneTen and Crystal […]
Cisco is looking to expand its presence in the smart city and internet of things (IoT) markets with a $1 billion financing program that will allow communities to make investments in their infrastructure with the vendor’s financial backing, reports Enterprise Cloud News (Banking Technology’s sister publication). The City Infrastructure Financing Acceleration Programme also has backing […]
While the fintech industry is no stranger to initial coin offerings (ICO) as a method of sourcing capital for start-ups, a firm is offering a novel way to make money via cryptocurrency trading.
Just when you thought there couldn’t be more following yesterday’s (9 November), Wednesday’s (8 November) and Tuesday’s (7 November) fintech funding round-ups, here’s more news action. Featuring Crux, Accern and Blume Ventures.
Briskly following yesterday’s (8 November) and Tuesday’s (7 November) fintech funding round-ups, here’s more brief news action. Features WeLab, FinMkt and FriendlyScore. Hong Kong’s lending platform WeLab has raised $220 million of combined Series B+ equity and debt financing – and has won the backing of the Alibaba Hong Kong Entrepreneurs Fund, International Finance Corporation (IFC) […]
Hot on the heels of yesterday’s (7 November) fintech funding round-up, here’s more money action. Features WeSwap, OakNorth Bank and OTCX. Peer-to-peer currency exchange platform WeSwap has revealed its £8 million series B investment round led by London-based private equity firm IW Capital. As WeSwap nears the end of 2017, it says further product features include […]
Not cash-strapped just backed. Our latest fintech funding round-up features Douugh, Choice Financial, Monzo and Smartkarma. All rise please. Banking (not baking) challenger Douugh has partnered with community bank Choice Financial to launch an integrated checking account and debit card. Choice has also made an investment to “support Douugh’s roadmap”, bringing the company’s total seed funding […]
Start-up YugaByte, which is run by ex-Facebook engineers, thinks it’s got a database that can compete with Oracle and a crowded market of other established proprietary and open source incumbents, reports Enterprise Cloud News (Banking Technology’s sister publication). YugaByte, which comes out of stealth with $8 million funding, says it stands out from the crowd […]
The money rolls for all you fintech souls. Our latest funding round-up features TransferWise, Lendified and Glint. Let’s begin with a big one. TransferWise has got $280 million in a Series E round led by asset management company Old Mutual Global Investors and Silicon Valley VC firm IVP. A source speaking to TechCrunch and “close to […]
Advisory tools tech company BondIT landed $14 million in funding from China-based Fosun Group.
Artificial intelligence (AI)-generated marketing campaign company Persado has unveiled a new product, along with a fresh $30 million credit facility to fuel further expansion.
Just when you thought there couldn’t be more; the latest stories from the fintech funding world returns for another round. Features Constellation, Credit Sesame and Jirnexu.
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
ING Ventures, a new investment fund set up by ING, has €300 million to pump into fintech companies.
Consumer analytics company SelfScore has rebranded as Deserve.
More of the latest stories from the fintech funding world. Features Verrency, Countingup, Finn.ai and Bud.
Swedish fintech company Tink has signed with Nordic banks Nordea, Klarna and Nordnet. Integrating in 2018, the banks will use Tink’s payment technology and personal finance management (PFM) platform within their existing customer channels.
Three of the latest stories in one for a fast fintech funding round-up. Features Paykey, Digital Asset, Santander InnoVentures and ePesos.
In a round led by Nyca, CommerzVentures, and CEFIF, augmented digital commerce platform Omnyway has raised $12.75 million in new funding, reports David Penn at Finovate (Banking Technology‘s sister company). The Series A will give Omnyway (formerly Omnypay) the ability to launch new services, expand operations, and add to its customer base both in the […]
Mongolia gets a mention in this concise fintech funding round-up. Features OakNorth Bank, AND Global and TransFICC. UK challenger OakNorth Bank has secured £154 million investment as it looks to lend a further £1.5 billion to businesses in the country in 2018, and then attempt to move on globally. The funding came from the Clermont […]
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
How do you try and become one of the biggest and most influential technology companies in the world? Just move the $15 billion you have stashed away into the R&D business.
Social trading company Ayondo has announced that, despite an earlier reverse takeover bid falling through, it is determined to become the first fintech company to IPO on the Singapore Stock Exchange (SGX).
Canada’s La Caisse de dépôt et placement du Québec and Desjardins Group have set up an investment fund dedicated solely to the fintech sector and to artificial intelligence (AI) applied to finance.
Business payments network Bill.com has updated the news regarding the $100 million in funding it landed last month. The round was lead by JP Morgan Chase and Temasek.
Blockchain funding, Pubcoin blockchain rewards programme, network and technology sharing and platform test launching. Our latest blockchain and Bitcoin round-up features Anryze, Leanpub, MicroMoney, Karma and Zilliqa.
National Australia Bank (NAB) has unveiled a complete overhaul of its existing business standard loan form contracts that will “benefit” over 130,000 Australian business owners.
UK based insurer Aviva confirms that it’s acquired a majority stake in robo advisor, Wealthify.
Four of the latest stories in one for a fast fintech funding round-up. Features SalaryFinance, Featurespace, Worldpay, Invoke Capital, ESF Capital and ThinCats.
Uber is to accept an investment of up to $1.25 billion from Japan’s SoftBank and usher in new governance rules aimed at reining in former CEO and co-founder Travis Kalanick.
Invstr, the social and investment game app, has launched a new product which will give UK members the ability to trade fractional shares.
What would you do with $339 million? London-based mobile operator Truphone gets to answer that question today as it closes its $339 million (£255 million) private equity round.
Israeli equity crowdfunding platform OurCrowd has furthered its global expansion by opening an office in Spain, reports Julie Muhn at Finovate (Banking Technology’s sister company). The company’s founder and CEO Jon Medved has identified Spain and the Iberian region as one of OurCrowd’s “priority markets” since Madrid is in the heart of Europe and a gateway […]
Millennial-focused brokerage firm Stockpile has pulled in $30 million this week in a Series B funding round led by Fidelity.
Digital gifting platform Swych has closed its Series A round with a “major strategic capital investment” from UAE Exchange Group. The amount of the investment was undisclosed, reports David Penn at Finovate (Banking Technology‘s sister company). “Swych’s global gifting technology and vision fits well with our strategy to foster purpose-based money transfers,” UAE Exchange Group […]
CB Insights has mapped the top venture capital (VC) investors in Europe by country, based on number of portfolio companies the investor had backed. The research company analysed the most active investors in the last five years (2012-2017), including VCs, corporate VCs, growth equity firms and super angels.
US peer-to-peer (P2P) lending firm Prosper has landed $50 million in a Series G funding round. The capital comes from Hong Kong-based FinEx Asia and LPG Capital and raises the San Francisco-based company’s total equity funding to $410 million.
UK-based challenger bank Starling is asking its investors for another £40 million in funding as it looks to grow its business overseas, according to Sky News. Sky News says it understands that Starling, which got its banking licence last year, has appointed Quayle Munro, an advisory firm, to oversee the fundraising. As reported by Banking […]
