Banking Technology Magazine September 2024 issue out now
Cover story: HOP INTO THE FUTURE – Banks must turn and face the change.
Investment & Funding
Singapore-based fintech start-up WSPN bags $30m seed funding
Founded by ex-Visa and Paxos employees, WSPN offers digital payment solutions using DLT.
US fintech Amount lands $30m in fresh funding to advance AI capabilities
Amount’s tech powers deposit account opening and loan origination for banks and credit unions.
Revolut becomes Europe’s most valuable private tech firm after $500m employee share sale
Following the share sale, Revolut is now valued at $45 billion, up from $33 million in 2021.
Chaos Labs lands $55m Series A led by Haun Ventures
Chaos Labs will use its latest funding to develop new products and expand its risk management platform.
ICYMI fintech funding round-up: Skydo, Finora Bank, Okredo, Parfin, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five news stories of the week – 16 August 2024
Our pick of the top fintech news stories this week includes Scotiabank, Tally, Experian and more.
UAE fintech Yuze bags $30m funding to propel expansion into new markets
Yuze offers a digital financial services platform built to help simplify financial management for SMEs.
Singapore-based wealthtech Syfe lands $27m Series C funding
Syfe claims to have achieved profitability in Singapore in “early 2024”, five years after its launch.
PayZen lands $32m equity investment and $200m credit warehouse in Series B round
PayZen offers an affordability financing platform to help healthcare patients in the US manage medical bills.
Ohio’s first female-led bank Fortuna nears launch after raising $20.7m
Fortuna is aiming to soft launch in fall 2024.
Setpoint bags $31m Series B funding to fuel research and development
The round builds on Setpoint’s $43 million Series A and takes its total capital raised to date to $76 million.
Banking Tech Awards 2024 nominations deadline extended to 6 September
You now have until 6 September to submit your nominations for this year’s Banking Tech Awards!
India’s Vayana secures $20.5m in Series D funding
The funds will be used to enhance Vayana’s risk management and compliance platforms.
Pre-seed fintech investor Techstars cuts global workforce by 17%
Techstars CEO David Cohen says the firm “overbuilt and over hired to support our ambition to scale”.
What the FinTech? | S.5 Episode 13 | Fintech start-ups and navigating the road to sustainable growth
In this podcast episode, we chat with Sam Edge of AWS about the current fintech start-up landscape.
French paytech Lemonway has “certain limitations” placed on its operations in Italy by Banca d’Italia
Lemonway says the Italian central bank has told it to “not engage new Italian partners”.
ICYMI fintech funding round-up: Layer2, Qardy, United Fintech, Minos, and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
FinTech Futures: Top five news stories of the week – 9 August 2024
Our pick of the top fintech news stories this week includes NCR Voyix, CIBC, Société Générale and more.
CloudPay secures $120m funding round led by Blue Owl Capital
The paytech’s latest funding round adds to the $50 million it raised in 2022.
US fintech Octane raises $50m Series E funding led by Valar Ventures
The funds will drive Octane’s market expansion and fuel further product development.
Mexico’s Stori lands $212m in mix of equity and debt financing
In addition, Stori has appointed Diego Cabrera Canay, ex-CFO of dLocal, as its new group CFO.
Savvy Wealth bags $15.5m in Series A-2 funding round led by Canvas Ventures
The latest cash injection brings Savvy’s total funding to over $33 million since its formation in 2021.
Bilt Rewards elevates valuation to $3.25bn with new $150m investment
This raise follows Bilt’s $200 million funding in January, which valued the company at $3.1 billion.
Philippines-based fintech Mynt sees valuation top $5bn with MUFG and Ayala funding
Both MUFG and Ayala Corporation have invested $393 million each in the company.
ICYMI fintech funding round-up: Rillet, Aveni, Mamo, Payflow, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech GeoWealth bags $18m investment led by BlackRock
Existing investors Kayne Anderson Growth Capital and JP Morgan Asset Management also contributed to the funding.
German wealthtech Bunch lands $15.5m Series A
Bunch has now secured a total of $22 million in funding to date.
July 2024: Top five fintech funding rounds of the month
FinTech Futures takes a look back at five of the top funding rounds to take place over July.
ICYMI fintech funding round-up: Carry, Fragment, Powder, and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Financial transactions database TigerBeetle raises $24m Series A funding
TigerBeetle plans to invest in engineering as it looks to double the size of its team by the end of the year.
Lithuania’s Finbee Verslui lands €35m investment from Pollen Street Capital
In 2023, the alternative lender financed over €27 million in small business loans.
New wealthtech start-up Waltz launches US real estate investment platform
The start-up enables foreign investors to invest in and purchase US residential real estate.
UK money management app Plum raises £16.1m investment
The investment is comprised of a £13.4 million Series B and a £2.7 million Crowdcube campaign.
Egypt’s MNT-Halan raises $157.5 million, plots regional expansion
The international expansion will be aided by both M&As and partnerships.
US fintech Coast bags $40m Series B for product, partnership and team expansion
The fintech will apply the funds to “accelerate its product and partnership development”.
B2B paytech Slope lands $65m equity and debt funding led by JP Morgan
Following the investment, Slope will join the JP Morgan Payments Partner Network.
ICYMI fintech funding round-up: Dopay, Wamu, Mifundo, Papaya and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 19 July 2024
Our pick of the top fintech news stories this week includes HSBC, Stripe, the FCA and more.
Meridien Holdings acquires stake in FX liquidity firm DKK Partners to bolster plans for NYSE listing
The US-based holding company says it has “set fourth its plans to list on the NYSE”.
