Fintechs are from Venus, banks are from Mars – and VCs can be the matchmaker
Despite belonging to the same universe, the differences between fintechs and banks can at times seem vast.
Investment & Funding
Video: fintech news pick of the week – NatWest, Tyme & Uni
Our top pick of news from the world of finance and tech in bitesize video format, every week.
FinTech Futures Jobs: Three great jobs to apply for before Christmas
Exciting open vacancies at Seedrs, Monzo and Klarna. Apply today!
Noname Security becomes first API security unicorn with $135m Series C raise
The platform says it blocks over 1,000 attacks per day against its customers.
ICYMI funding round-up: Novus, Bumper, topi, Toucan, & Raison
With the fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
Crypto infrastructure start-up Ramp raises $52.7m in Series A round
Ramp will use the cash to drive expansion and further product development.
Indian BNPL start-up Uni raises $70m in Series A funding round
“BNPL is growing at a breakneck speed in India,” says CEO Nitin Gupta.
Fintech start-up DiviPay plans international expansion following $20m Series A round
The new funds will also be used for further product development and to hire more staff.
Mexican fintech Clara hits unicorn status with $70m Series B round
The new cash will fund the start-up’s expansion into Brazil.
Corporate financial management start-up Mesh Payments raises $50m
The Series B funding round was led by Tiger Global.
Supply chain specialist Tradeshift raises $200m in funding and debt
Tradeshift aims “to connect every company in the world, creating economic opportunity for all”.
Fintech funding deals globally 6 December – 12 December 2021
Featuring Monzo, Tipalti, Mambu, Tradeshift and Pleo.
Video: fintech news pick of the week – Better.com, WeLab & Rapyd
Our top pick of news from the world of finance and tech in bitesize video format, every week.
South African challenger bank Tyme completes $180m Series B with Tencent investment
The investment from Tencent and UK development finance institution CDC brought in an additional $70 million.
Collateral analytics platform Cassini secures $20.5m financing round
“With this latest investment, we look forward to deepening and expanding our solutions,” CEO says.
Indonesian fintech Flip plots expansion following $48m Series B
Cash will go towards strengthening its Indonesian operations and expanding its workforce.
B2B BNPL firm Resolve lands $25m in latest funding round
“The market for simplifying net terms payments and embedding BNPL payment options is exploding”, CEO says.
Finance management platform Rho raises $75m in Series B round
Founded in 2018, the start-up has raised $205 million in equity and debt financing to date.
Aussie fintech Finder secures first capital injection worth $22m
Finder co-founder Fred Schebesta says the company has been “bootstrapped since day one”.
FinTech Futures Jobs: Three exciting roles to apply for this week
Exciting open vacancies at Starling Bank, Funding Circle and Crowdcube. Apply today!
Mambu valued at €4.9bn after bumper €235m Series E round
The round is the largest private fundraise for a banking software platform to date.
B2B spend management platform Pleo adds $200m to Series C funding round
The new funds will facilitate the company’s “massive roll-out across Europe” in 2022.
ICYMI funding round-up: Trolley, TSLC, and Freetrade
With the ever fast-paced nature of the fintech world, it’s easy to let announcements slip by from time to time.
Monzo raises more than $500m from investors at $4.5bn valuation
The neobank has already closed the first batch of money — $480 million — with more expected soon.
Payroll start-up Pento raises $35m in Series B
The Series B was co-led by new investor Tiger Global and existing investor Avid Ventures.
Paytech Recharge.com hires David Lindheimer as CPTO
The appointment will bolster the paytech’s global expansion plans, CEO says.
Anti-money laundering regtech Hummingbird secures $30m in Series B round
New funding brings the total raised to date by the start-up to $41.8m.
Financial services app Lydia hits unicorn status with latest funding
Paris-based Lydia has raised over $100 million in new funding.
Banking start-up Hatch rebrands as Nearside, raises $58m in Series B
Founded in 2019, Nearside focuses on “the smallest of the small businesses” in the US.
Alternative lender Hometap raises $60m funding
Hometap allows homeowners to receive debt-free cash in exchange for a share of their home’s future value.
Accounting software firm Tipalti hits $8.3bn valuation with $270m Series F round
Tipalti says new funding places it “among the most valuable private fintech companies in the world”.
Nigeria’s B2B e-commerce fintech TradeDepot raises $110m
The funds will support the delivery of BNPL services to five million SME retailers across Africa.
WeLab to launch new digital bank in Indonesia following BJJ acquisition
WeLab has raised $240m to fund the acquisition – “the largest fintech funding in Indonesia in 2021”.
Finnish paytech Enfuce raises €45m in Series C round
The Series C investment round was led by Vitruvian Partners, with participation from Tencent.
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
BNPL firm Kueski raises $202m in equity and debt financing
Kueski is one of the largest buy now, pay later and online consumer lenders in Latin America.
Fintech funding deals globally 29 November – 5 December 2021
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Finance reporting start-up Abacum gains $25m Series A funding
The company provides a SaaS platform for streamlining reporting and improving forecasting accuracy.
Slice hits unicorn status with $220m Series B funding round
Cash injection will be used to further develop its product offerings and hire more staff.
