Housing fintech Tomo raises $70m in Seed funding
Tomo aims to “digitise the homebuying experience”.
Investment & Funding
UK fintech Chippingin provides crowdfunding for kids
New collaborative payments firm claims to be the first of its kind.
Deutsche Börse acquires Swiss digital assets firm Crypto Finance
German group paid “a modest three-digit million” sum for the firm.
Orum lands $56m in Series B funding round
The firm claims it has now raised over $82 million in total.
Retirement platform Smart raises $165m in Series D funding
Chrysalis Investments led the round with a £75 million equity investment.
JP Morgan Chase acquires 40% stake in Brazil’s digital challenger C6 Bank
Launched in 2019, digital bank C6 has more than seven million customers.
Video: fintech news pick of the week – Visa acquires Tink; Raisin merges with Deposit Solutions
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Digital mortgage platform Accept.inc raises $90m
US-based firm plans to expand its “iLender” concept.
Voyager Innovations raises $167m to power digital banking push
Tech firm aims to provide banking to 38 million customers.
Viva Republica lands $410m as launch of new digital bank looms
Toss has now accrued around $844 million in funding across ten separate rounds.
Blockchain data platform Chainalysis raises $100m in Series E round
It says it will use the funds to “execute its vision as the blockchain data platform for cryptocurrency”.
ClearScore lands $200m investment from Invus
The UK fintech is looking to accelerate its global expansion.
Zest AI raises investment from Vystar Credit Union, First National Bank of Omaha
Los Angeles-based credit underwriting software specialist has gained $18 million in funding.
ICYMI funding round-up: LOQR, MOCA Financial, Bueno Finance, Glint Pay & more
Another batch of funding rounds that could have flown under your radar.
Atom Finance raises $28m Series B round led by SoftBank
The firm plans to use the funding to fuel global subscriber growth.
Millennial home buying platform Lower lands $100m Series A led by Accel
The Ohio-based firm plans to use the funds to expand its product line and accelerate growth.
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Blockchain Capital announces $300m investment fund backed by PayPal and Visa
The fund will be used to support the development of blockchain technology.
Australian fintech Zeller raises AUD 50m in Spark Capital-led investment
The round was closed in the week prior to Zeller’s launch last month.
US investment app Stash acquires financial literacy platform PayGrade
Stash plans to “quickly expand” its new acquisition.
Migrant banking start-up Majority raises $19m in seed funding
The firm offers a mobile banking service for migrants across the US.
Blockchain start-up Securitize lands $48m Series B round co-led by Morgan Stanley
US banking giant says “we believe in the growth and adoption of digital asset securities”.
Fintech funding deals globally 14 June – 20 June 2021
Featuring Ebanx, ThinCats, Guideline, Bunq, and 10x.
Dutch fintech Mollie raises $800m in Series C round
The investment takes the company’s total valuation to $6.5 billion.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
US banking start-up Novo lands $40m in Series A round
It aims to use the investment to scale its banking platform for small businesses.
Volt raises $23.5m to build global instant payments network
The round is the largest Series A on record for the open banking industry.
ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more
A heaping helpful of funding rounds from this week to get your teeth into.
Video: fintech news pick of the week – JP Morgan acquires Nutmeg; investments for Clip and Ebanx
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Indian fintech start-up FamPay lands $38m in Series A round
The Bengaluru-based firm is aiming to build India’s first neobank for teenagers.
Wise confirms direct listing on London Stock Exchange at estimated £9bn value
The listing is expected to be one of the largest in 2021.
VC funding into fintech grows as sector embraces latest AI and gaming trends
VCs are ultimately looking for extraordinary entrepreneurs and companies to invest in.
Splash Financial lands $44m in Series B funding round
The company helps borrowers compare financial products from a network of lenders.
AI-powered shopping app nate raises $38m in Series A round
The company has now raised $51 million in total.
Ebanx raises $430m from Advent International to fuel Latin American growth
Cross-border commerce firm plans to expand its partnership network.
PayCargo lands $125m in Series B investment from Insight Partners
Freight payments firm plans product development with new windfall.
Alchemy Partners invests £100m in DNA Payments
DNA will use its new cash to expand in the UK and Europe.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Exclusive: Unite Global secures second $5.25m investment from Svea
Svea exercised an option to increase its holding from 4.95% to 9.91%.
