Spectrum Equity invests $51m in OTC firm Quantile Technologies
Spectrum’s MD joins the Quantile board of directors.
Spectrum’s MD joins the Quantile board of directors.
Investors include Aussie BNPL unicorn Zip.
Brigit’s CEO is a former Deutsche Bank and Infosys executive.
The fintech lodged its banking licence in the last quarter of 2020.
Featuring Checkout.com, MX, Blend, Creditas, and Enfusion.
The fintech’s registered users doubled to 23 million in 2020.
FinTech Futures’ weekly news round-up.
Grab Financial Group saw its total revenues jump up by more than 40% in 2020.
Affirm managed to halve its losses by June 2020.
Lending firm plans to expand team and grow its products with the substantial raise.
BukuKas says it already serves some 3.5 million customers.
CoinSwitch Kuber is gunning for ten million users this year.
Mynt-operated firm raises $175m from US investor.
Alami hopes to distribute trillions to SMEs and micro businesses.
Profitable since it began, Checkout is an attractive proposition for investors.
The fintech claims to have two million customers.
Featuring Grab, Mynt, Divvy, Mambu, and SimpleNexus.
The IPO will value SoFi at $8.65 billion.
FinTech Futures’ weekly news round-up.
Cloud core banking vendor has raised over €150m since launch.
The round was led by Shopify and Checkout.com backer Insight Partners.
New York-based private equity firm takes majority stake in core banking vendor.
JP Morgan already holds a majority stake in a Chinese venture.
The start-up announced a $165 million Series D funding round.
The UK’s Investment Association (IA) is asking for the LSE to undergo a “rebranding”.
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Wealthtech firm plans to take advantage of a digitising industry.
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
Channel 4 signed an advertising-for-equity deal.
Challenger bank for farmers receives investment from Duke of Westminster’s estate.
Its founder has hired financial advisory group, Lazard, to oversee its funding round in 2021.
Goldman Sachs Group and Citigroup are managing the deal.
Despite COVID-19, the financial sector has still enjoyed some notable M&A deals.
The additional undisclosed funding follows its $33 million raised in August this year.
The Series F round was led by Bain Capital Ventures and brings the total raised to-date to $240m.
The start-up has raised a total of $18.6 million to-date.
We relay our industry highlights of 2020.
“Most of Cledara’s initial clients came from organic growth.”
Some start-up’s valuations have soared this year.
Vestrata has already signed up a number of investment managers and solution partners.