European Investment Fund dedicates €100m to AI and blockchain
The EIF wants to address the blockchain and AI ‘financing gap’ in Europe.
Investment & Funding
Spanish cybersecurity start-up Buguroo raises $11m
The start-up builds unique “cyber profiles” for each finserv customer.
Argentine money manager Ualá raises $150m in round led by SoftBank and Tencent
Bloomberg says Ualá is close to a $1 billion valuation.
Paytm raises $1bn in fresh round of funding
Indian payments giant aims to battle the bigtechs
Automation Anywhere raises $290 million in Series B round
RPA firm has previously had funding from SoftBank.
Carbon footprint tracker for purchases Enfuce raises €10m
Enfuce is dubbed the biggest fintech start-up in Finland.
Crypto compliance start-up TRM Labs raises $4.2m with help of PayPal
Backers include Reddit’s founder and PayPal Ventures.
Brazil’s digital bank Neon raises $94m led by General Atlantic
Neon currently has 2 million active users.
Australia’s paytech Tyro plans to float on country’s stock exchange and raise $173.2m
Tyro is also reportedly pursuing a $1 billion valuation.
Tencent-backed Yeahka seeks $300m in Hong Kong IPO
The company aims to seek a listing hearing as soon as February.
UK firms Oval and Seedrs build ‘first’ in-app fintech investment opportunity
Oval is conducting a £1 million crowdfunding round to test the app offering.
Tickr plans to raise capital in 2020 to aid its European expansion
The social impact investment platform’s co-founder tells FinTech Futures of its 2020 vision.
Small business lender BlueVine banks $102.5m in Series F funding
The fintech now has $692 million in total funding.
Bank Mandiri selects Avaloq Banking Suite to consolidate legacy wealthtech
Major Indonesian bank wants Avaloq to power $14bn wealth division.
Village Capital and MetLife Foundation selects 11 start-ups for MENA accelerator programme
Finalists from this cohort will receive grant capital totalling $50,000.
Opera-owned OPay raises $120m in Series B funding round
The Nigerian start-up will use the fresh cash to expand in the region.
Decisioning platform Funding Xchange raises £8m
Former dairy farmer Katrin Herrling set up the company after the financial crisis.
Business payments platform Bill.com set to raise $100m in IPO
Underwriters listed include Goldman Sachs, BofA Securities and William Blair.
Video: Top fintech stories this week – 15 November 2019
FinTech Future’s weekly news round-up.
Cardlay raises €9m in Series B funding and signs deal with Eurocard
Danish start-up aims for expansion in Scandinavia and beyond.
Canada’s Stradigi AI closes $40.3m in Series A funding round
The AI firm wants to expand further into the North American market.
Lendtech firm Snapdocs raises $25m in Series B funding
Snapdocs claims to power 10% of US mortgage transactions.
Visa sends Nigerian fintech Interswitch to unicorn status
Sources say Visa paid $200 million for a 20% stake.
New interest-free credit service Postpay launched in Dubai
The service aims to counter the cash on delivery culture.
Digits Financial raises $10.5m in Series A
Digits remains in stealth mode for now and remains at an invite only stage.
Banco Inter plans super app to boost borrowing
SoftBank bought a 14.9% stake in Banco Inter earlier this year.
JP Morgan invests in research filter solution for FIs Limeglass
Limeglass is a graduate of JPMorgan’s ‘In-Residence Program’.
Canadian AI search tool Coveo raises $172m to hit unicorn status
Coveo is now “well above” US $1 billion in valuation.
Ecommerce insurtech Cover Genius raises $10m in Series B round
The round will fuel further growth into the UK, the US and Asia.
Visa invests in ultrasonic payments firm Lisnr
Lisnr plans to take on NFC and QR-based payments.
Immersive Labs lands $40m investment round, opens Boston office
The start-up sees clear demand for cybersecurity support in North America.
Video: Top fintech stories this week – 08 November 2019
FinTech Future’s weekly news round-up.
Sokin CEO: We’ll turn remittances on its head
Sokin’s CEO believes disruption hasn’t hit remittances yet.
Silicon Valley Bank expands to Denmark, announces new MD Sebastian Penn
The bank is already backing more than 20 companies in the region.
Israel’s anti-fraud fintech Riskified reaches unicorn status with $165m fundraising
The round was led by General Atlantic.
AI savings firm Chip Financial nabs £3.5m from angel investors
The London-based start-up has raised £7.5 million so far in 2019.
Mylo raises $10m Series A from major Canadian financial institutions
This fundraising marks two years of rapid growth for Mylo.
Goldman Sachs leads $50m Series C funding round for credit card platform Deserve
The funds will go to its “Card as a Service” (CaaS) platform.
Picturewealth co-founder says VCs don’t understand profit when it comes to start-ups
Neal Cross reveals the flaws in fintech start-up’s pitches today.
The future of distribution: is insurtech a saver or a threat?
What do insurance incumbents think of the new insurtech start-ups on the block – saver or threat?
