Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
Investment & Funding
Tel-Aviv based Kovrr raises $5.5m
The new funding will accelerate the company’s global expansion plans.
Spendesk raises €35m in Series B funding
The French company plans new offices in London and Berlin.
AI firm Syte eyes global expansion with $21.5m funding
The company will branch into visual AI-powered personalisation.
PrimaryBid closes £7 million funding round to fuel expansion
It will use the funds to expand its sales and marketing efforts and IT developments.
E-commerce group eShopWorld on the hunt for fintechs
The business aims to make cross-border online shopping seamless for consumers.
Sonovate raises £110m to drive invoice finance
The UK fintech aims for international expansion.
Monzo to follow gambling block with merchant version
The challenger bank aims to help people reduce negative spending habits.
Foloosi targets GCC expansion with $500k seed funding
The Dubai-based start-up offers cashless payment solutions.
Indian neobank Yelo raises seed round
The start-up is personalised to gig economy workers.
Top fintech stories this week-06 September 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Fintech start-up PayBright raises $34m from goeasy
Leading the round was Canadian Business Growth Fund.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
BigID raises $50m in Series C funding round
BigID has now raised more than $96 million.
Swedish fintech Capcito closes €7m funding round
Capcito saw a 500% increase in active clients since last year.
Even Financial raises $25m in investment round
Even has now raised a total of $50 million.
Accion Venture Lab adds $33m to new fintech fund
The lab’s total capital under management is now $42 million.
Railsbank raises $10m to expand into Southeast Asia and beyond
The open banking platform has opened an office in Singapore.
Kredivo closes up to $20m credit line for Indonesian growth
The funding will be used to diversify the Jakarta-based firm’s loan book.
LOVEFiLM entrepreneur William Reeve invests in neobank Twisto
Reeve will help Twisto with its European expansion plans.
Curve smashes crowdfunding record in minutes with £5m overfund
The fintech quadrupled its£1 million target in less than an hour.
Eligma gets €4m investment from Bitcoin.com and Pangea Blockchain Fund
Eligma developed Elipay for vendors to receive crypto payments.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
Neobank Arival surpasses crowdfund target
The three-year-old bank has raised £1,214,136 so far.
Baton raises $12m for blockchain-inspired b2b solution
Baton allows banks to avoid overhauling their existing systems.
Credit Sesame raises $43m ahead of IPO
The firm is on course for a $1 billion valuation.
Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
Zip acquires PartPay for $50m
The Aussie credit card company has also purchased an equity interest in QuadPay.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
CardX raises $2m in debt financing
The fintech helps businesses avoid credit card transaction fees.
Kaszek Ventures raises $600m in two funds
Kaszek Ventures raises $600m in two funds
Insurtech start-up Kin raises $47 million
The company will launch a home insurance carrier in Florida.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
Platform9 targets global growth with $25m funding
The firm helps companies run cloud-native infrastructure at scale.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
Members-only rewards club CRED raises $120m
The club offers benefits for those with high credit scores.
