UK challenger Starling secures £130.5m funding at £2.5bn valuation
The challenger plans to “build a war chest for acquisitions”.
The challenger plans to “build a war chest for acquisitions”.
The company’s co-founder Bion Behdin is relocating to its new London office.
The firm says it will use the funds to make quality education more accessible across India.
The seed funding is made up of a combination of equity and debt.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The facility will be used to provide personal loans to people with limited credit history.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
A new cartoon illustrating how venture firms are reacting to the changing macro environment.
The round saw participation from Citi, State Street, Blumberg Capital, LionBird Ventures and Team8 Capital.
The round was led by Fuel Venture Capital and IDC Ventures.
PayU has invested more than $1 billion in fintech companies to date.
The pre-Series A investment round consists of $4 million in equity funding and a $20 million debt facility.
Funds will be used to expand its team and build out marketing capabilities.
BNP Paribas’ head of global markets Olivier Otsy says Anthemis has a “strong track record” in fintech investments.
CoinDCX CEO says the investment “reinforces the belief in India’s immense potential in the crypto ecosystem”.
The new funding brings the firm’s total capital raised to date to $70 million.
The start-up will use the fresh capital to expand throughout North America, LatAm and APAC.
Following the Series A, Umba has now raised a total of around $17.5 million to date.
Tom Wood will also join the firm’s UK Bank Board, reporting to group chief executive and founder Anthony Watson.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Montonio raised €11 million and Payaut secured €8 million, respectively.
Our weekly fintech round-up for you to get the latest funding news from around the world.
MoonPay CEO says: “Web3 is radically changing the way we approach the business of entertainment, sports and music.”
The round was led by Blossom Capital and saw participation from Maki.vc and Brightly Ventures.
The round is believed to be the largest ever raised for a social impact fintech.
The funding round is expected to close in the second quarter of 2022.
The UK-based start-up seeks to make purchasing a home more affordable for first-time buyers.
Stenn CEO Greg Karpovsky says: “A lack of access to finance is stunting the growth of SMEs around the world.”
Accel, Kaszek and Y Combinator also participated, as well as a number of angel investors.
The firm launched its US credit card in March 2021 and has an office in Atlanta.
The new funding has propelled Voyager’s valuation to nearly $1.4 billion.
The neobank is looking to accelerate its growth in Mexico and Colombia.
Stark Bank, named for founder and CEO Rafael Stark, focuses on high-growth start-ups and enterprises in Brazil.
The round saw participation from Eldridge, TTV Capital, Fin VC, George Kaiser Foundation and eGateway Capital.
Financial services firms have many ways to advance ESG goals while providing valuable services.
Fast CEO Domm Holland says: “Sometimes trailblazers don’t make it all the way to the mountain top.”
The Madrid-based company has raised $225 million to date in debt and equity funding.
The digital asset exchange will use some of the new funds on developing new products and services.
Exciting open vacancies at Starling Bank, Crowdcube and Hazy. Apply today!
Here’s our pick of five of the top news stories from the world of finance and tech this week.