United Fintech announces acquisition of German regtech TTMzero
UK scale-up has taken 25% stake with a view to nabbing 80% soon.
Investment & Funding
BBVA sells Holvi business lender, invests $150m in VC fund
Spanish banking giant ditches Finnish business bank, sells back to founder
Monzo confirms £50m raise with help of new US backer
Monzo is on the cusp of five million customers.
UK-Nigeria mobile wallet Sendit.Money goes crowdfunding
It has already exceeded its £100,000 target, having raised £146,006 at time of writing.
Social impact app Tickr raises £2.5m
Tickr focuses on climate change, social impact and disruptive tech.
Fintech funding deals globally 1-7 February 2021
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
US investor Stash lands $125m Series G ten months after last round
Stash’s last valuation sits at around $812 million.
Video: Top fintech stories this week – 05 February 2021
FinTech Futures’ weekly news round-up.
Fintech funding round-up: UiPath, Narmi, Balance, GajiGesa, and more
The start of February has seen a whole host of funding rounds around the world.
A look inside MENA investor Global Ventures’ fintech portfolio
Global Ventures’ portfolio covers payment acceptance, digital wallets, credit and trading.
Robinhood raises $3.4bn, co-CEO set to face US politicians this month
Allegations allege Robinhood succumbed to pressure from big-paying hedge fund clients.
NymCard raises $7.6m for Banking-as-a-Service in MENA
The Series A funding round brings NymCard’s total investment to $12 million to date.
Supply chain financing start-up CapBay raises $20m in Series A
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
Austin fintech Routefusion bags $3.6m with help of Plaid co-founder
Partners already include AFEX and MoneyCorp.
Nigerian wealthtech Cowrywise raises $3m pre-Series A
The co-founders aim to democratise Nigerians’ access to savings and investment products.
UK fintechs Token and Tradeteq get investment
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Starling set to raise £200m led by US investor Fidelity at $1.5bn valuation
The challenger’s eventual aim is to go public in the coming years.
US fintechs Albert and Crux Informatics in funding rounds
Featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36 million convertible note.
Fintech funding deals globally 25-31 January 2021
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
New funding for European fintechs Compeon and SESAMm
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
Payroll fintech founded by Google alums raises $35m
Check says it already works with 100,000 small businesses in the US
Nubank rakes in $400m to fuel expansion in Colombia and Mexico
Brazilian challenger reaches $1.8 billion in total funding raised.
Video: Top fintech stories this week – 29 January 2021
FinTech Futures’ weekly news round-up.
Milo brings in $6m to provide US credit to international citizens
Lending start-up plans extra growth after round led by QED Investors.
Rhino raises $95m to support US renters
US-based insurtech believes the industry is set for “explosive growth”.
Stripe leads big investment in one-click checkout fintech Fast
Two-year-old Fast has enjoyed exponential growth in the last year.
JOFF Fintech Acquisition Spac files for $300m IPO
The Spac is eyeing up fintech, wealth management and gaming sectors.
Kenyan agri-insurtech Pula raises $6m Series A
The funding round was led by Pan-African early-stage venture capital firm, TLcom Capital.
Wealthpilot raises €8m to fuel data aggregation push
German wealthtech has raised €14.9 million since 2017.
Saudi start-up Hakbah raises $1.2m in seed funding
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Lithuanian paytech kevin. raises €1.5m in seed funding
Lithuanian firm plans availability across Europe by Q4 2021.
Plaid raising at $15bn as employees pitched $1,200 per share
US fintechs have enjoyed a wealth of VC interest since the Plaid-Visa deal hit headlines.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
US-based paytech Modern Treasury raises $38m in Series B
In 2020, Modern Treasury customers reconciled $1 billion using its platform.
Rapyd raises $300m in Series D, plans more acquisitions
It will double the engineering and product teams and expand the “self-service” element of the platform.
Fintech funding deals globally 18-24 January 2021
Featuring PPRO, iSTOX, Indy, Mercado Bitcoin, and Brigit.
Wealthtech Elinvar raises €25 million funding
Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
Minna Technologies raises €15.5m in Series B funding round
Minna says the investment will be used for global expansion, “with requests from all continents”.
Zip boosts Aussie exchange to 11-month high with $56m share purchase
The BNPL firm raised $26m in oversubscriptions, at $5.29 a share.
Singapore’s iSTOX lands $50m from heavyweight Japanese backers
n the past decade, global private equity returned 13.2% on average.
