Canada’s Procurify lands $50m in Series C funding round
The round was led by Ten Coves Capital and brings Procurify’s total equity funding to more than $70m to date.
Investment & Funding
Nova Credit raises $45m in Series C round to expand product suite
The round was led by Canapi Ventures and builds upon the company’s $50m Series B from 2020.
Storytelling through numbers: how compelling narratives drive ESG investment choices
The challenge lies not only in presenting ESG data, but doing so in a manner that resonates, educates, and inspires.
Iwoca lands £200m debt facility from Barclays and Värde Partners
With the new facility, Iwoca plans to meet the “growing demand” among SMEs for working capital.
US Treasury grants Truist $65m NMTC allocation to spur investment in underserved communities
It is the twelfth time Truist Community Development Enterprises has received an allocation.
US fintech Stash lands $40m in funding and appoints Amy Butte as independent audit chair
The company has now raised more than $500 million since its inception in 2015.
US payments start-up Braid winds down operations
The start-up offered a multi-user financial account where consumers could pool their money and make payments.
FinTech Founders Video: rewind and fast forward
Fintech founders reflect on the past year and ponder how to move forwards.
Brokerage platform Alpaca plots Asian expansion with SBI partnership
As part of the strategic partnership, SBI Group has also made a $15 million investment in Alpaca.
ICYMI fintech funding round-up: Untangled Finance, Kennek and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Founders Video: acquiring funding – bootstrapping vs external
In this brief video, fintech founders share their learnings on how to attract funding.
GreenSky sold to Sixth Street-led investor consortium, Goldman Sachs confirms
The consortium consists of funds and accounts managed by KKR, Bayview Asset Management and CardWorks.
FinTech Founders Video: tips and surprises
Fintech founders provide useful tips on funding and share the surprises they encountered.
FinTech Founders Video: ideal investors
Fintech founders share their advice on how to acquire funding and what makes an ideal investor.
FinTech Founders Video: funding strategy
Useful insights from fintech entrepreneurs and founders on funding and the best strategies.
Financial safety start-up Carefull secures $16.5m in Series A funding
Carefull’s tech helps banks and wealth advisors protect senior customers from financial fraud.
Lloyds backs Sonovate securitisation increase to £240m
The increase builds upon a £165 million deal made with BNP Paribas and M&G Investments in July.
German fintech Upvest secures €30m funding and enters partnership with BlackRock
Upvest has also partnered BlackRock in a bid to make investing “more accessible” for investors across Europe.
Banc of California joins Rise Economy for $4.1bn community benefits plan
The plan succeeds the bank’s merger with PacWest Bancorp in July, combining assets valued at $36.1 billion.
ICYMI fintech funding round-up: Mantle, SaaScada, Rainforest and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five stories of the week – 6 October 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Clearco completes recapitalisation, secures $60m Series D funding and $100m financing facility
The recapitalisation comes after the Canadian growth capital firm carried out significant job cuts over the last year.
AP automation start-up Stampli raises $61m in Blackstone-led Series D
Existing investors Insight Partners, SignalFire, Bloomberg Beta and NextWorld Capital also participated in the round.
Brite Payments secures $60m funding, eyes international expansion
It plans to develop its proprietary Brite Instant Payments Network that facilitates 24/7 “instant” processing.
Stitch raises $25m in Ribbit Capital-led Series A extension
PayPal Ventures, CRE Venture Capital and The Raba Partnership also participated.
Visa to invest $100m in GenAI firms focused on commerce and payments
The initiative will be led by Visa Ventures, the global payment giant’s corporate investment arm.
Lloyds Bank taps digital identity firm Yoti for “reusable” digital identity app
The launch comes seven months after Lloyds Banking Group made a £10 million investment in Yoti.
Mexican neobank Albo raises $40m in Series C funding round
The round also saw participation from existing investors Valar Ventures and Nazca Ventures.
AlphaSense lands $150m Series E funding at $2.5bn valuation
The latest fundraise comes months after AlphaSense secured $100m in Series D funding led by Alphabet’s CapitalG.
ICYMI fintech funding round-up: Mundi, Revio, Pontoro and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five stories of the week – 29 September 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UK fintech funding round-up: Apron, Vega and Mintago
A handy round-up of the recent funding endeavours of fintech companies in the UK.
Wealth management firm Farther more than doubles valuation following $31m Series B
The New York-based firm intends to invest the funding into its wealth management portal and talent.
UK fintech Traydstream lands $21m in Series B funding round
With the new funding, Traydstream plans to double down on its growth and enhance its AI-led platform.
UK mortgage lender Perenna raises $52m on the back of its unrestricted banking licence
The equity investment comes from IAG Silverstripe and the lender’s existing backers.
PortX raises $16.5m in Series B funding round
The investment follows one year after PortX raised $10 million in its Series A funding round.
B2B payments platform Slope secures $30m funding to build out AI tools
Slope plans to leverage new investor Sam Altman’s “extensive” AI experience to scale its platform.
Bright Money lands $62m debt and equity funding
The round consists of $50 million in debt funding and $12 million in equity.
Funding Societies secures $27m debt funding to support SMEs across Southeast Asia
Funding Societies will channel the funding into its financing solutions to support SMEs in its five operating regions.
Solaris reportedly struggling to raise funds to fulfil a major credit card deal – FT
According to the Financial Times, Solaris is looking to raise €100m to fulfil its credit card deal with ADAC.
