Fintechs Stanhope and Stenn hire new CPOs as they look to scale
Groombridge will be leading Stanhope’s payments offering, while Bajwa will be developing Stenn’s financing solutions.
Investment & Funding
SME paytech SumUp raises €590m at €8bn valuation
SumUp says the latest funding is “indicative of our strength, execution, and potential”.
B2B BNPL fintech Hokodo raises $40m in Series B funding round
Hokodo says it will use the funding to expand into new European markets and develop new products.
ICYMI funding round-up: FinBox, CalTier, Helicap, and Anfin
Our weekly fintech round-up for you to get the latest funding news from around the world.
Europe funding round-up: Bits of Stock, Formance, Aveni, and Datia
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Sustainability data platform ESG Book raises $35m Series B
The new capital will be used to scale the company and further develop ESG Book’s technology capabilities.
B2B BNPL fintech Playter lands $55m funding round
The round was led by Adit Venture Capital and Fasanara Capital.
Vietnamese fintech Finhay raises $25m in Series B round
Finhay says it will use the money to scale its business and recruit new talent.
Stashfin lands $270m in Series C funding to expand in Asia
Stashfin says it will use the new money to expand its footprint across South and Southeast Asia.
Ghana’s Fido raises $30m Series A to broaden financial inclusion in Africa
Fido has now raised $38m to date and intends to use the fresh capital to launch new financial products in Ghana.
UK start-up StrideUp in £280m funding deal for new mortgage plan
It has also entered a strategic partnership with ARA Venn, a real-estate debt investment manager.
Accounting platform Autobooks bags $50m in Series C round
Larry Handen, senior managing director at Macquarie Capital, will also join Autobooks on its board.
Gen Z financial assistant app Cleo raises $80m at $500m valuation
Cleo will use the funds to shore up and expand its services as a global economic winter begins to bite.
Blackstone to invest up to $130m in logistics paytech PayCargo
The funds will be used for international expansion and M&A.
US proptech HomeLight acquires Accept, raises $115m at $1.7bn valuation
The acquisition of Accept will make HomeLight the largest agent-focused cash offer programme in the country.
US fintech Wahed Invest to receive $50m in Series B funding
The Series B round will support the start-up’s plans to launch an ethical neobank.
Digital banking tech vendor Narmi raises $35m Series B
The fresh capital will be used to develop and accelerate the overall digitisation of the US banking industry.
German fintech Upvest raises $42m in Series B round
Upvest says the funds will be used towards building out its investment API, expansion plans and hiring talent.
New banking app Chippit launches in beta in Australia
Founded in May this year, Chippit calls itself a “social banking app”.
ICYMI fintech funding round-up: CapIntel, Clausematch, Swoop & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
MFS Africa extends its Series C round to $200m
With the additional funding, the total Series C funding round stands at $200 million.
Indonesian paytech Flip bags $55m in second Series B round
The new funding brings Flip’s total Series B round to over $100 million.
Airbank raises $20m to build “the most comprehensive global SMB banking solution”
Airbank raises $20m in a Series A funding round led by Molten Ventures.
Challenger bank for UK SMEs, Allica, secures additional £55m funding
The total funding raised by Allica Bank now stands at £285 million.
New financial planning start-up Fruitful raises $33m in funding
The rounds were led by Emigrant Bank and 8VC with participation from other investors.
Codat raises $100m from JP Morgan in Series C round
Codat aims to be “the default means of sharing data for the small business economy”.
MENA’s BaaS provider NymCard raises $22.5m funding
This venture round takes NymCard’s total funding to over $35 million.
Swedish fintech start-up Juni raises $206m in funding and debt financing
Juni’s Series B funding round comprises $100 million in funding and $106 million in venture debt financing.
Europe fintech funding round-up: Cryptio, Fung, Financielle and more
This weekly fintech round-up brings to you funding news from around Europe.
Motive Partners invests €120m in digital banking tech vendor Backbase
Backbase has raised €120 million in growth equity funding, bringing its valuation to €2.5 billion.
North America fintech funding round-up: Klasha, Proper, Manzil and more
A handy round-up of the recent funding endeavours of fintech companies across North America.
German wealthtech Trade Republic bags €250m in Series C extension
The extension round is based on a post-money valuation uplift to €5 billion from €4.4 billion.
Open banking fintech Bud closes $80m Series B funding round
The new funding will be used for further international expansion, Bud says.
LHV Group lands £30m to capitalise new UK bank
Part of the proceeds from the fundraise will be used to capitalise LHV’s new UK bank.
LatAm paytech Kushki valued at over $1bn following Series B extension
Kushki says the funding will be used to accelerate development of its payments infrastructure.
Indonesian crypto investment platform Pintu lands $113m Series B funding
Intudo Ventures, Lightspeed, Northstar Group and Pantera Capital participated in the round.
Banking Technology Magazine June 2022 issue out now
Cover story: THE WORLD BEYOND – Connecting through the metaverse.
Indian fintech start-up Slice raises $50m in ongoing Series C round
The round has been led by Tiger Global with participation from new investor GMO Venture Partners.
Europe fintech funding round-up: Merge, Kapaga, Beanstalk and more
Our weekly fintech round-up for you to get the latest funding news from across Europe.
US fintech funding round-up: Pebble, Arteria, Hardbacon & Digital Asset
A handy round-up of the recent funding endeavours of fintech companies across North America.
