10x Banking raises $45m to fuel expansion efforts
The raise marks 10x’s first funding round since its Series C in June 2021, when it bagged $187 million.
Investment & Funding
Singapore’s GXS Bank reportedly receives $109m investment from parent company Grab
The capital injection follows a $104m investment in July and a $56.8m investment in April last year.
Brazil’s Conta Simples plots product expansion following $41.5m Series B
The company last raised $24 million during a Series A round in December 2021.
FinTech Futures: Top five news stories of the week – 12 January 2024
Our pick of the top fintech news stories this week includes Zilo, Ant Group, FirstOntario and more.
European fintech funding round-up: Unbox, Rivero, ProjectPay & Ryft
Our weekly fintech round-up for you to get the latest funding news from across Europe.
ICYMI fintech funding round-up: KlariVis, Komunal, Maalexi, Cleva & CSI
A handy round-up of the recent funding endeavours of fintech companies across the globe.
UK digital identity firm Yoti secures £20m in debt funding
The latest funding follows a £10 million investment by Lloyds Banking Group in March 2023.
Global fintech investment plummeted 48% in 2023, according to new data by Innovate Finance
The total global investment flowing into fintech reached $51.2 billion in 2023 across 3,973 deals.
UK fintech funding fell 63% in 2023, new Tracxn report finds
It is the second year fintech funding has fallen in the UK, down 70% on 2021 figures.
UK fintech start-up Zilo lands £25m in Series A funding
The funding was led by FISV and Portage, with participation from State Street and Citi.
Indian paytech MobiKwik refiles draft papers for IPO, hopes to raise $84m
The company’s initial plans for a $255m IPO in 2021 were scrapped due to weakening market conditions.
Nubank secures regulatory approval to operate as a financing company in Colombia
Nubank subsidiary Nu Colombia received the approval from the Financial Superintendence of Colombia (SFC).
ICYMI fintech funding round-up: Fimple, Money Industries and Koree
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 5 January 2024
Here’s our pick of five of the top news stories from the world of finance and tech this week, featuring HSBC, Monese, Circle and more.
UK fintech Bumper raises $48m in Series B funding round
The round, led by Autotech Ventures, takes Bumper’s total funding to date to $64 million.
Kazakhstani fintech Solva eyes future as SME-focused bank following $20m investment
The investment was backed by the Sawiris family of the Egyptian Orascom Group and ZCP.
Monese aims to secure fresh funding after recording £30.5m annual loss for 2022
Monese says its services could be “adversely and potentially severely affected” if new funding isn’t found.
JP Morgan and Viva Wallet reportedly collide over board appointments
JP Morgan acquired a 48.5% stake in Viva Wallet in December 2022 for $800 million.
Saudi fintech start-up Tameed raises $15m Series A
The firm says it will use the funding to “meet the increasing demand” for its digital lending products.
Cartoon: Feeling the weight
A new cartoon illustrating how start-ups with previously high valuations are finding it hard to get acquired.
2023: Top five funding rounds of the year
Capping off 2023, we take a look back at five of the top fundraising rounds of this year.
US fintech Vestwell secures $125m in Series D funding round
CEO and founder Aaron Schumm says the raise is “one of the largest Series D SaaS rounds in the US this year”.
FinTech Futures: Top five stories of the week – 22 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Fiat Republic, Hakbah, Payble and Spare
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BNPL fintech Tabby lands $700m debt facility from JP Morgan
Tabby has also extended its Series D funding round by $50 million to a total of $250 million.
UK neolender Updraft secures £272m in mix of debt and equity funding
The start-up previously raised £108 million in debt and equity funding last December.
US fintech start-up SellersFi secures new credit facility of up to $300m
The credit facility has been provided by Citi and long-time financing partner Fasanara Capital.
French fintech Unlimitd boosts financing capacity to €100m as ACP takes majority stake
Founded in July 2021 by Julien Zerbib, Unlimitd provides revenue-based financing to digital companies.
Saudi BNPL fintech Tamara lands $340m Series C funding at $1bn valuation
Tamara says the Series C is “among the largest investments in a fintech company in the region”.
The What the FinTech? podcast | Season four’s jailed buzzwords
We run down all the buzzwords our podcast guests wanted gone from the industry this year.
What the FinTech? | S.4 Episode 23 | 2023 in review
In the final podcast episode of 2023, we’re joined by banking tech veteran Dharmesh Mistry.
Mexican SME payments platform Kapital raises $40m Series B
The round was led by Tribe Capital, with participation from Cervin Ventures and Tru Arrow, among others.
FinTech Futures: Top five stories of the week – 15 December 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
ICYMI fintech funding round-up: Nearpay, Supra, Hyperplane and Pave Bank
Our weekly round-up for you to get the latest fintech funding news from around the world.
Europe fintech funding round-up: Aria, AbbeyCross, Salv and more
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Apex Fintech Solutions files draft statement for IPO with US SEC
Apex says the number of shares to be offered and the price range have not yet been determined.
Meniga bags €15m Series D funding to fuel new growth strategy
The round takes the company’s total funding raised up to €55 million since its inception in 2009.
Splitit delists from ASX as Motive Partners snaps up controlling stake
Motive Partners will invest two $25 million tranches as part of its growth commitment to the Aussie firm.
Saudi business lending marketplace Lendo gears up for IPO with $28m Series B
Lendo has announced it plans to pursue an IPO “within the next few years”.
Banking Technology Magazine Dec 2023 / Jan 2024 issue out now
Cover story: THE BEST OF BANKING TECH – Winners and pictures from an amazing night.
