Blockchain intel firm TRM Labs scores $70m expanded Series B
TRM will use the cash to invest in product development and new hires to meet growing demand for its services.
Investment & Funding
Centre for Finance, Innovation and Technology launches to support UK fintech
The CFIT will be chaired by Charlotte Crosswell, a former CEO of both Innovate Finance and Nasdaq NLX.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
Brazil’s Agrolend lands $27m Series B funding
The start-up provides Brazilian farmers access to credit through a mobile-first platform.
North African super-app Yassir lands $150m to fuel expansion
The new funding brings the total capital raised by Yassir to around $193 million since launch.
Low-code platform Genesis Global hires Tej Sidhu as CTO
Sidhu will be responsible for the firm’s tech strategy, leading more than 200 developers and technologists.
Arta Finance exits stealth with more than $90m in funding
Arta raised the capital from Sequoia Capital India, Ribbit Capital, Coatue and more than 140 angel investors.
French paytech start-up Fintecture lands €26m Series A funding
The new funding brings Fintecture’s total capital raised to date to €32 million.
Dubai’s Pyypl lands $20m Series B as it eyes regional expansion
The round saw participation from new international investors and 10 existing investors.
US lender Dwight Funding bags $100m credit facility
The facility will support Dwight Funding’s growth and allow it to invest further in its proprietary technology.
Spendesk hires Richard Rosenberg as chief technology officer
Rosenberg will be tasked with leading Spendesk’s engineering team as the firm continues its European expansion.
ICYMI fintech funding round-up: Decentro, Sidekick and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK lendtech start-up Plend lands £40m in seed funding
The seed round saw participation from the founders of Monzo, Starling Bank and Oodle Car Finance.
Zest AI lands more than $50m in growth funding round
With the new cash, Zest AI plans on increasing access to its AI-automated credit underwriting service.
Canada’s TouchBistro bags $110m in growth funding
TouchBistro offers a tablet-based point of sale (POS) system and payments solution for restaurants.
Cartoon: Slow cooking
This new cartoon illustrates how start-ups shifting to venture debt as a model to raise cash are storing up trouble.
Cover Genius lands $70m in Series D funding to boost growth
Funds will be put towards business growth and expanding its global insurance distribution platform, XCover.
Paytech Form3 lands €23m venture debt facility from Atempo Growth
The funding will enable Form3 to explore potential M&A opportunities and launch in new markets.
Banking Technology Magazine November 2022 issue out now
Cover story: TAKING THE LEAD – Women are inspiring fintech teams.
Egyptian fintech Money Fellows lands $31m Series B funding
The new funds will be put towards product development and international expansion across Africa and Asia.
FinTech Futures: Top five stories of the week – 28 October 2022
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: Paytrix and Vixtra
This week’s round-up includes two start-ups – London-based Paytrix and Brazil’s Vixtra.
North America fintech funding round-up: Cinchy, Lama AI, Kudos and more
Our weekly fintech round-up for you to get the latest funding news from North America.
CloudPay secures $50m to support development of payroll offering
The firm boasts “high double-digit growth” year-on-year and is projecting revenue growth of around 40% for 2022.
Wise lands £300m debt facility to fuel growth plans
The syndicated debt facility was led by Silicon Valley Bank UK with six other banks also participating.
Hong Kong fintech Reap bags $40m Series A funding
The funding will be used to boost its global market expansion plans.
Bilt Rewards bags $150m funding at $1.5bn valuation
The start-up is aiming to expand its loyalty programme and credit card offering for US renters.
ConnexPay secures $110m growth equity investment led by FTV Capital
The firm says the funding will be used to support its international expansion.
B2B paytech Finexio secures $35m Series B at $100m valuation
The oversubscribed round was co-led by Mendon Venture Partners and National Bank Holdings Corporation.
Global paytech GPS hires Kim Ohlrogge as chief product officer
Ohlrogge, who joins from Germany’s Nexi/Nets Group, has assumed the role with immediate effect.
WeTravel raises $27m in Series B funding to boost fintech product development
WeTravel plans to accelerate the development of its travel-specific fintech solutions.
Cartoon: Fear gauge
A new cartoon illustrating how uncertainty in the stock market is making companies hesitant about going public.
Dutch fintech start-up Floryn lands €65m from NatWest
Floryn claims it has provided more than €650 million in financing since inception.
Moneyhub lands £40m investment from Legal & General, Lloyds and Shawbrook
Legal & General and Lloyds will both take minority stakes in the business.
US fintech start-up Banyan lands $43m Series A
The Series A round is made up of $28 million in equity and $15 million in venture debt.
New decentralised paytech Clowd9 launches to “transform” global payments system
Clowd9’s investor base includes former partners at Goldman Sachs, Morgan Stanley and JP Morgan.
FinTech Futures: Top five stories of the week – 21 October 2022
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: Ordo, Plum, Maplerad and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech Achieve bags $225m debt facility
The facility has been provided by O’Connor Capital Solutions and a “multi-trillion-dollar asset manager”.
Santander partners VC firm Forgepoint for new cybersecurity investment company
The bank is expecting to invest up to €300m in the strategic partnership.
