Revolut bags $500m from TCV to drive daily account usage
The challenger wants to “accelerate daily usage of accounts”.
Investment & Funding
UK fintech global investor figures for 2019 propped up by Worldpay deal
88% of the figure is made up of the Worldpay mega deal.
SoftBank to invest $100m in UK-based AI start-up Behavox
Behavox’s investment would be the fifth Vision Fund capital injection for a UK firm.
Credit card start-up Tribal Credit secures $5.5m in seed funding
New firm aims to help start-ups in emerging markets.
JP Morgan and Goldman Sachs back rival trading venue Members Exchange
MEMX is looking to rival the big three.
OTB Ventures raises $100m for Central and Eastern European tech start-ups
OTB aims to fill its portfolio with 16 CEE companies by 2022.
SoftBank to invest further $1bn in LatAm fintech, ecommerce and health care in 2020
LatAm has seen 17 companies and two VCs secure funding from the Japanese conglomerate.
Flywire secures unicorn status with $120 million Series E funding round
Goldman Sachs led the latest round.
Video: Top fintech stories this week – 14 February 2020
FinTech Future’s weekly news round-up.
Wells Fargo cuts 700 jobs, overhauls exec suite and invests $5m in crypto start-up
The bank is splitting its three-part structure into five.
Wealthtech FNZ secures investment from Temasek, acquires IPSI
FNZ hopes to benefit from Temasek’s “significant presence”.
Fenergo gains $80m investment from ABN Amro, DXC Technology
Fenergo aims to expand its product portfolio following new injection.
How far can venture capital take European challenger banks?
European challengers have been among the top recipients of regional venture capital.
Regtech firm SteelEye raises $10m growth capital
The Series A funding round was led by the Fidelity-backed Eight Roads.
Aspiring neobank EasyEuro raises $4m in pre-A round
The fintech is targeting cross-border trade between Europe and Asia.
Nigerian fintech start-up Aella raises $10m
This debt financing round is Aella’s second raise.
Transparent Systems comes out of stealth mode with $14m funding
Ivestors: “The financial industry is ready for new technology to improve the way people pay for goods and services.”
Kasisto increases Series B funding round to $22m
The additional $7 million came from Napier Park Financial Partners.
Digital bank Stori raises $10m in Series A2 funding
Mexican challenger bank has also launched its credit card.
Tandem Bank anticipates fresh £50m funding round
The figure raised is closer to £50 million, instead of the expected £100 million.
Starling Bank raises £60m from existing investors Merian and JTC
The round brings the neobank’s total funds so far to £323 million.
Ecommerce firm Dot lands $8m seed funding
The start-up builds ecommerce solutions for brick and mortar stores.
Tinkoff Bank to pump €25m in new European fintech venture
Russian neobank plans to launch its new fintech later this year.
Fintech in the next decade: The intersection of what’s possible and what people want
Before we start to look at what the next 10 years hold, it’s worth taking a quick look back.
Video: Top fintech stories this week – 03 February 2020
FinTech Future’s weekly news round-up.
Paystand raises $20m in Series B funding
The round includes new investment from DNX Ventures, Battery Ventures and more.
Swedish consumer champion Woilà raises $3.1m
“You have most likely been screwed,” says co-founder on people’s previous purchases.
US paytech Finix raises $35m to rival Stripe and Square
Finix will free up more revenue for businesses.
ADB creates $50m venture fund for start-ups driving sustainability
The fund will support start-ups helping Asia and the Pacific reach their sustainable goals.
SaaS fintech Rimilia raises $15m from SVB and other investors
The investment brings the fintech’s total funding raised to $40 million.
Australia’s Commonwealth Bank to back 25 start-ups
Home-In and Vonto are the first two Aussie start-ups to join the incubator.
Neobank for UK farmers Oxbury lands licence and launches Series C
Its flagship offering ‘Oxbury Farm Credit’ will roll out later this year.
Banking Technology February 2020 issue out now
Top dogs: The challenger bank success stories of 2019.
Video: Top fintech stories this week – 31 January 2020
FinTech Futures’ weekly news round-up.
Klarna lands $200m from CBA for Australia launch
CBA will own half of Klarna’s Australian and New Zealand business.
Griffin raises £3m to take aim at banks’ legacy tech
The start-up will offer a fully-regulated banking platform for fintechs.
Cybertonica raises £2 million Series A
The funding will be used to extend its product in behavioural analytics ScreenWiZe 2.0.
Industry undecided on UK’s fintech funding success
The industry is undecided over roughly $1 billion dollars.
UK challenger Monzo in talks with SoftBank for £100m fundraising
Monzo’s co-founder met up with the Japanese investor in Mayfair this month.
Barclays invests in digital receipts start-up Flux
Barclays already uses Flux’s technology on its beta programme Launchpad.
