UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
Investment & Funding
Lemonade lands $319m in IPO
The SoftBank-backed insurtech sold 11 million shares priced at $29 each.
Car repair loan fintech DigniFi lands $14m Series A
DigniFi also landed a hefty sum of private equity for its auto financing platform.
solarisBank lands $67.5m in Series C round
The funding was led by German VC firm HV Holtzbrinck Ventures.
PictureWealth lands AUD 12m and seals acquisition
The company has acquired NEO Financial Solutions (NFS) for an undisclosed sum.
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
Privitar receives $7m investment from HSBC
HSBC is expanding its strategic relationship with Privitar.
Memo Bank launches business offering and lands €20m
The funding round was led by Paris-based BlackFin Capital Partners.
Thai paytech Synqa raises $80m in Series C round
Synqa plans to use the cash to expand its services in Asia.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Welsh government invests £250,000 in 10-year fintech roadmap
The country wants to create the “right conditions” for fintechs grow.
Cloud banking provider nCino files for IPO in US
nCino plans to raise $100 million in its IPO.
Checkout.com lands $5.5bn valuation, looks to US listing
The firm has landed a $150 million Series B funding round it began in May.
MayStreet secures $21m Series A investment
The investment will be used to accelerate MayStreet’s product development and expansion.
Pagaya raises $102m in Series D funding round
The US-Israeli wealthtech will use the investment to hire more top tier data scientists.
Payfone identity verification firm lands $100m
The firm uses mobile data to create a “trust score”.
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
IIFL helps bridge the funding gap for India’s fintech start-ups
The firm says it will fund, mentor and use the fintechs’ products.
What the Fintech? Episode 7 | Open banking & savings
Co-founder & CEO of Plum offers his insights on how COVID-19 affects savings.
Philippines challenger Tonik raises $21m ahead of 2020 launch
The bank has raised $27m since being founded in 2018.
Nigerian fintech KiaKia launches P2P lending investment app
Until this announcement, its P2P lending investment service has been exclusive.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
FX fintech Wallex lands Series A led by Ant Financial-backed VC
The value of the round has not been disclosed.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Fintech pirkx lands £960,000 and gains former Google exec
The UK company is expanding to Australia, South Africa and the US.
ING’s multibanking start-up Cobase gets two new shareholders
The start-up will expand beyond Western Europe.
M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
MAS launches $1.25m fintech challenge to tackle climate change & COVID-19
Up to 12 winners will be selected to receive in prize money.
DIFC dips into $100m fund to invest in four start-ups
The Dubai-based innovation centre plans for Series A injections to come.
Wealthify CEO steps down as Aviva seals acquisition
All three co-founders have taken exit options from Aviva’s investment.
Video: Top fintech stories this week – 05 June 2020
FinTech Futures’ weekly news round-up.
Cloud9 Technologies secures $17.5m in Series B funding
New York-based cloud communications firm Cloud9 Technologies has raised $17.5 million is a Series B funding round.
PayTech Awards winners: where are they now? Streeva – PayTech for Good
We talk to some of the winners of last year’s PayTech Awards to see how they have fared since then.
SoftBank unveils $100m fund for founders of colour
SoftBank’s COO says the fund will help create “a new generation of founders”.
