Bank of Ireland invests €34m in customer service enhancements
The funding brings the bank’s total commitment to customer service enhancements to nearly €150 million.
Investment & Funding
FinTech Futures: Top five news stories of the week – 3 May 2024
Our pick of the top fintech news stories this week includes Goldman Sachs, HSBC, Microsoft and more.
Banking Technology Magazine May 2024 issue out now
Cover story: PLASTIC MEASURES – Banking must follow a more sustainable path.
Securitize secures $47m funding round led by BlackRock
The investment adds to the $48 million raised during Securitize’s Series B funding round in 2021.
SumUp lands €1.5bn private credit debt deal led by Goldman Sachs
The latest funding brings the total amount raised by SumUp since its inception in 2012 to over €3.2 billion.
Monese and coreless banking subsidiary XYB secure fresh funding ahead of separation
The group previously confirmed its decision to split into two separate businesses last month.
Danish fintech Pleo bags €40m debt financing from HSBC Innovation Banking
The business spend management firm intends to expand its credit offering further across Europe.
Lunar set for full-scale launch in Sweden following €24.1m capital raise
The latest capital raise builds on a previous €26.8 million funding round closed in February.
Digital lending platform Blend Labs bags $150m funding from Haveli Investments
Blend will use the cash to repay “all amounts payable” under its existing credit agreement.
Denmark’s Ageras raises €82m earmarked for new acquisitions
The latest round takes Ageras’ total funding to date to nearly €200 million.
UK online SME lender Capify bags £100m credit facility
The new facility from Pollen Street Capital will support the lender’s future growth plans.
Solid Financial Technologies reportedly settles dispute with FTV Capital
Solid will reportedly buy back FTV’s stake in the start-up in full, according to Fintech Business Weekly.
ICYMI fintech funding round-up: Fintoc, Bokra, RockFi, Bump and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Wealthtech Midas raises $45m Series A to launch new products
The funds will enable Midas to introduce mutual funds, savings accounts and crypto trading.
Payflows emerges from stealth with €25m Series A funding
The Paris-based start-up has been in stealth mode since 2022.
US fintech start-up Pomelo bags $35m Series A funding
The start-up secured a $75m warehouse facility expansion alongside the round.
Fortis Digital Solutions lands $20m Series A for push into MENA
The investment will be used to fuel Fortis’ planned expansion into the MENA region.
Cartoon: Spring fever
The market appears to be investing in anything that moves with the letters “AI” in it.
ICYMI fintech funding round-up: Toku, Tabs, Kamina, Lemon and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FinTech Futures: Top five news stories of the week – 19 April 2024
Our pick of the top fintech news stories this week includes Klarna, Ramp, Zopa and more.
Credit card fintech Pliant lands €18m Series A extension led by PayPal Ventures
The Berlin-based fintech now seeks to expand its cards-as-a-service product to markets beyond the EU.
UK fintech Wagestream bags £17.5m funding to expand its financial benefits offering
The fintech plans to launch a credit-builder card, loans and an AI-powered financial advice coach this year.
Ramp secures $150m in Series D-2 funding round at $7.65bn valuation
The round adds to the $300m Ramp raised in its Series D round in August 2023 at a valuation of $5.8bn.
Danish paytech Flatpay bags €45m in Series B funding
Following the recent fundraise, Flatpay’s valuation has now surpassed €100 million.
German fintech start-up Finmid emerges from stealth with €35m in funding
The fintech claims it provides “a much-needed alternative to banks for European SMBs looking for financing support”.
SC Ventures invests in UK ethical challenger Algbra
As part of the deal, Algbra has also partnered with SC Venture’s climate-focused savings platform, Shoal.
Stripe raises $694m through share sale to provide employee liquidity
The company had previously announced the tender offer to provide employee liquidity in February.
Former PayPal chief Dan Schulman joins Valor Capital as managing partner
Schulman departed his role as president and CEO of PayPal at the end of last year.
ICYMI fintech funding round-up: Mimo, TransferGo, Smartpay, Adro and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
FloQast lands $100m Series E funding at $1.6bn valuation
FloQast claims its flagship offering, the Accounting Operations platform, serves over 2,600 accounting teams worldwide.
US start-up Parafin lands $125m warehouse facility from SVB and Trinity Capital
Parafin previously raised $60 million in a Series B funding round led by Singapore’s GIC in 2022.
B2B BNPL fintech Hokodo lands €100m debt facility from Viola Credit
Hokodo says the financing will enable it to facilitate over €1.5 billion in B2B transactions over the next two years.
Fintech funding shows signs of stalling in latest CB Insights report
The $7.3 billion raised this quarter marks the lowest figure recorded since the pandemic began in 2020.
ICYMI fintech funding round-up: Zeepay, Coadjute, Hello Alice, CertifID and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
India’s Electronica Finance Limited lands $48m in Series B round
The round was led by UK-based LeapFrog Investments and supported by Aavishkaar Capital.
Canada’s Brim Financial lands $85m in Series C funding round
The company plans to use the new cash injection to fuel its US expansion plans.
Debt financing platform Scayl emerges from stealth with €100m backing
The Swedish start-up says the financing will “immediately” be made available to fintech lenders through its platform.
Banking Technology Magazine April 2024 issue out now
Core story: GOLD GETTERS – The Olympics and fintech make the perfect team.
Australian banking software vendor Constantinople bags $33m in Series A round
The new cash injection adds to the $20 million Constantinople previously raised via its May 2022 seed round.
US wealthtech NewRetirement lands $20m in Series A funding
NewRetirement says it will use the funds to scale its enterprise financial planning product.
