Former JP Morgan execs launch wealthtech Vestrata with $4m
Vestrata has already signed up a number of investment managers and solution partners.
Investment & Funding
London BNPL fintech Zilch latest to enter UK market with $30m
Zilch claims to be the only BNPL player to combine open banking with soft credit checks.
Top 10 Women in Fintech Power List 2020
We bring you a shortlist of ten women in – or investing in – fintech.
Mexican challenger albo raises $45m in Series B funding round
Albo has now raised just over $72 million across five rounds.
Mozper lands $3.55m to launch kid debit card in Mexico
In August, Mozper – with the help of partner Visa – launched its closed beta with 500 families.
The Fintech Review: 2020
We cover embedded finance, competition, open banking, and CBDCs.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Thoma Bravo investment takes identity start-up Venafi to unicorn status
Thoma Bravo are investing right at time, says Venafi CEO.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
Video: Top fintech stories this week – 11 December 2020
FinTech Futures’ weekly news round-up.
GoHenry latest in kid’s banking sector to land funding of $40m
Over 2019, parents on its app paid £98m in pocket money to their children.
eToro soars to $2.5bn valuation, tripling since 2018
Israel-based brokerage firm has also recruited 300 people this year.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Modularbank lands €4m to set up UK commercial operations
The start-up claims to be cashflow positive since its inception.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
Pockit raises over £500k in its debut crowdfunding
Pockit points to international expansion plans.
UK fintech Updraft raises £16m to refinance borrowers’ credit debt
The fintech focuses on spend-linked borrowings.
Monzo lands another £60m from new backers
The latest funding still sees to leave Monzo at its £1.2 billion valuation.
Ziglu lands £6m in Seedrs crowdfunding campaign
Last month, Monzo’s former legal head James Sullivan joined Ziglu.
Former Paypal execs raise £14m for start-up venture Primer
The co-founders met at PayPal-acquired Braintree.
What the Fintech? Episode 17 | The spirit is willing, but the markets are weak
This episode of WTF? podcast features Vinoth Jayakumar, partner at VC firm Draper Esprit.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
Finleap invests in German app aggregating student finance products
German tuition is largely free, making aid for living costs scarce.
Embedded banking fintech Weavr lands $4m seed round
Weavr, once known as Open Payments Cloud, spun out of Ixaris in 2019.
New York challenger Current lands $131m in Series C funding round
The capital will go towards Current’s product offerings.
Square and Tencent lead €93m Satispay funding round
The Italian paytech firm has recorded “significant growth” in 2020
Indian payments fintech Cashfree lands Apis-led $35m Series B
Cashfree counts more than 50,000 businesses as customers.
HMBradley lands $18.25m Series A led by Chime investor Acrew Capital
To date, the fintech claims it has surpassed $90 million in customer deposits.
Western Union snaps up 15% stake in Saudi telco’s payments arm
Currently Western Union provides stc pay with money transfer services.
Deutsche Börse leads $15m round for sustainability start-up Clarity AI
“Our purpose is simple: to measure the impact of companies on our society and planet.”
TransferGo secures £4m from Silicon Valley Bank
The pre-Series C investment funds will be used to develop and expand its RTP platform.
Suncorp exec-founded neobank Alex raises AUD 10m
The funding is headed towards marketing and product development.
Chipper Cash raises $30m in Series B featuring Jeff Bezos VC
The Amazon founder’s personal VC participated in Chipper’s latest funding
Latvian loan investment marketplace Mintos crowdfunds €6m
Mintos currently hosts 68 lending companies.
UK payments provider Modulr lands £9m investment from PayPal
PayPal thinks Modulr is “well-positioned to be an enabler”.
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Japan’s SMBC invests $30m in OakNorth
The Japanese giant is also deploying OakNorth’s Credit Intelligence software.
UK BaaS provider Griffin lands £6.5m to fund banking licence
Ex-Airbnb software engineer David Jarvis leads Griffin.
