Top fintech stories this week – 14 June 2019
This week, we look at the FCA’s new rules, SoftBank’s investment, and the World Bank’s new tech.
Investment & Funding
Symphony goes global to the tune of $165m funding
Standard Chartered, MUFG and other existing investors participated in the round.
Sure secures $23.1m Series B funding
The funds will enable the company to scale-up its business.
Augmentum Fintech to double in size as it seeks £150m fundraise
The capital would be used within the next 18 months.
In-store credit firm Sunbit attracts $26m funding
The company wants to target health and safety-related markets.
Paytech Verrency raises $6.9m in funding
The Aussie fintech will use the funds to fuel the company’s international reach.
SME payments firm SpotOn to build on growth with $40m funding
The fintech has grown by more than 400% in 12 months.
KnowBe4 reaches $1bn valuation with latest investment round
The cybersecurity firm has raised a further $300 million.
SoftBank confirms $200m investment in Creditas
The Brazilian lendtech provides credit with houses or vehicles as collateral.
Immedis secures €25m for payroll and tax tech
The Irish paytech will create over 200 new jobs in the next 18 months.
PayU taps Turkey’s digital economy with Iyzico acquisition
The company also hopes to encourage cross-border trade with CEE countries and Africa.
Video: fintech news weekly round-up – 11 June 2019
This week, news about JP Morgan’s Chase, Visa, and more!
Paysend secures $4.2m crowdfunding for global expansion
The round hit its target in less than 72 hours.
Synapse receives $33m for back-end fintech
The San Francisco-based start-up expects integrations with Visa and MasterCard.
Halo raises $12m to democratise structured notes investing
The platform aims to make investment available to everyone, not just high net-worth investors.
Step receives $22.5m Series A funding
Challenger for teens’ waiting list has surpassed half a million people.
Tech Nation opens applications for fintech leadership programme
Designed for leaders of UK’s most promising scale-ups.
BanQu closes extension on $2.6m Series A
The amount of the extension remains undisclosed.
Delio to provide start-up funding platform for Fintech Alliance
Companies and investors will be able to connect directly.
Top fintech stories this week – 7 June 2019
The FCA introduces new rules for P2P platforms, while Tink secures investment from PayPal, and more!
Impact investing can unlock the potential of blockchain in Africa
Blockchain can have an exponential positive impact on the lives of low income communities in Africa.
Credit Agricole plans €15bn tech investment in four years
“100% of emerging technologies” will be tested for new services.
Enterprise cloud platform Liveoak closes $8m Series A round
The investment will fund product development and global expansion.
Video: fintech news weekly round-up – 5 June 2019
News on CIBC, NAB and Bank Leumi alliance, SoFi funding and more!
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
TrueLayer gains $35 million investment
Chinese tech giant, Tencent Holdings, led the latest round of funding.
Biz2Credit closes $52m Series B round
Bix2X platform aims to improve access to working capital for SMEs.
WorldRemit drives growth with $175m funding
Diversification and a new SME product are on the cards.
eBay launches cash flow loans with Asto
The app will provide eBay small business customers with a simple cash flow loan when they need it.
Why investors must stop hunting unicorn start-ups and start nurturing zebras
Balancing societal and investor wealth appeals to customers in the age of climate change and political awareness.
Money20/20 Europe 2019 – Day 1, innovation station
The quicker we are to innovate and implement new features and tech, the better.
Regtech Konsentus closes multi-million-pound pre-Series A round
The financing round was led by Mastercard.
Top fintech stories this week – 31 May 2019
The first Amadeus event on payments, a new Indonesian payment standard, and more!
Dashlane closes $110m funding for password protection
And appoints new CMO.
SoFi confirms $500m investment led by Qatar
SoFi’s total capital now stands at $2.3 billion.
Yapily welcomes $5.4m for API platform
The London fintech has seen its niche in open banking.
Crowdz raises $5.5m to launch industry-first global invoice exchange
Aims to revolutionise receivables market for SMEs.
SeedLegals raises $4m to help start-ups save money
The platform automates the fundraising process.
Betterview expands team with $4.5 million Series A round
Property risk management platform has raised $10 million to date.
Identiq launches privacy-first identity validation network, raises $5m
The first solution designed to address growing sensitivities around data privacy.
