Private credit marketplace platform Percent lands $29.7m Series B funding
Percent will use the funding to further develop its platform and propel its next phase of growth.
Investment & Funding
German insurtech Wefox secures additional $55m equity funding and $55m credit facility
The company raised the new funding at an unchanged valuation of $4.5 billion.
Accounting software firm Tipalti lands $150m growth financing
Tipalti says the financing will go toward investments in product development and customer support.
Procurement fintech Zip secures $100m Series C funding at $1.5bn valuation
Founded in 2020, Zip helps companies streamline B2B purchasing and manage business spend.
ZestMoney founders step down following failed acquisition by PhonePe
Lizzie Chapman, Ashish Anantharaman, and Priya Sharma are all set to leave the company.
Cartoon: Changed circumstances
A new cartoon illustrating the journey that once high-flying tech unicorns are facing in the current climate.
UK pensions fintech Smart lands $95m Series E funding
Smart plans to use the funds to expand globally, complete acquisitions and invest in its Keystone platform.
African fintech M-Kopa secures $200m debt financing and $55m equity funding
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
ICYMI fintech funding round-up: Firmbase, ThreatFabric, Viceversa and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech 8fig secures $140m in equity and debt financing
8fig will use the latest funding to continue investing in small and medium-sized e-commerce businesses.
US credit card start-up Petal bags $35m in fresh funding, spins out Prism Data
The new investment will be split between Petal and Prism Data as the businesses look to scale.
Student lender MPOWER secures $150m loan facility from Goldman Sachs
The Washington DC-based lender will use the facility to hand out more loans to international students.
FinTech & InsurTech Digital Congress: The Great Market Purge – how to survive and stay on top
FinTech & InsurTech Digital Congress will be held on 17-18 May 2023 in Warsaw, Poland.
Ironing out the kinks: how DeFi can help close the $2tn trade finance gap
Blockchain “allows for secure, transparent and traceable financing for SMEs,” Voy Finance CEO Lee Tarone explains.
Patient billing platform Inbox Health lands $22.5m Series B
With the funding, Inbox Health plans on accelerating its growth by reaching out to more patients.
Online banking start-up Slash launches from stealth with $19m in funding
Slash claims over 20,000 entrepreneurs have signed up to its platform.
Cartoon: Hotel California
A new cartoon illustrating the challenge start-ups are facing to find exits.
LatAm paytech start-up Liquido launches from stealth with $26m in funding
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
ICYMI fintech funding round-up: Kiwi, Green-Got, Moonsense & more
Our weekly round-up for you to get the latest fintech funding news from around the world.
Tarabut Gateway lands $32m in Series A funding
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
Nigerian paytech Nomba raises $30m in pre-Series B round
The start-up will use the funding to expand in Nigeria and across other African markets.
Banking Technology Magazine May 2023 issue out now
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
IOUpay goes into voluntary administration over suspected fraud
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
Axoni raises $20m in equity funding round led by EJF Ventures
The funding will be used to advance Axoni’s technology and support its global expansion plans.
ICYMI fintech funding round-up: m3ter, Niro, Tembo and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
US fintech funding round-up: Credora, Summer & Yelo
A handy round-up of the recent funding endeavours of fintech companies across the US.
Mexico’s Clara secures $60m in equity funding round led by GGV Capital
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
Allianz reportedly mulls sale of its shares in N26 at a discount
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
Stripe funding round helps boost global fintech funding 55% in Q1 2023
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
Paddle founder Christian Owens steps down as CEO
Owens, who led the firm for 11 years, has been replaced by COO Jimmy Fitzgerald.
US savings app Super.com lands $85m in Series C fundraise
With the new funding, Super says it will scale its product and engineering resources.
FinTech Futures: Top five stories of the week – 21 April 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: Floodlight, Fractal and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
What’s the customer benefit of fintech?
For me, the level of funding going into a market is not a good measure of success.
ID Finance bags $30m debt facility to boost growth in Mexico
The facility follows a recent €30 million equity fundraise led by UK-based asset manager Kingsway Capital.
Financial automation start-up Clerkie bags $33m Series A
The round was led by Left Lane Capital, with participation from other investors.
French expense management firm Mooncard bags €37m Series C funding
Mooncard previously raised €20 million as part of its Series B funding round in September 2021.
Pennyworth CEO says banking authorisation is “in sight” as start-up plots growth
FinTech Futures sits down for a chat with Pennyworth’s co-founder and CEO Jeremy Takle.
What the FinTech? | S.4 Episode 6 | Fintech funding trends and the VC investment landscape
In this episode of the podcast, we’re joined by Sarah Hinkfuss, partner at Bain Capital Ventures.
Dutch SME lender Factris secures €50m funding line from Aegon Asset Management
The funding line will enable Factris “to support struggling business owners” with its financing services.
