Commercial insurance AI firm Cytora raises £25m
It was led by EQT Ventures.
Investment & Funding
Kantox completes second debt financing with €5m
The firm saw its first deal with SVB in December 2017.
Credit Kudos works hard for a £2.2m funding round
Led by Ascension Ventures.
Indian wealthtech Kuvera raises $4.5m
The firm was founded in 2016 as India’s first free-to-use web-based direct mutual fund investment platform.
Dashlane raises $30m to up password protection
Dashlane is expanding its horizons with new features like password breach alerts and monitoring.
Merchant platform Pine Labs acquires Qwikcilver for $100m
Actis is increasing its investment in Pine Labs as a result.
Mastercard joins investment round for Singapore AI start-up AIDA
The company plans expansion into Japan and the Philippines.
Europe’s biggest IPO of 2019 sees Nexi raise €2bn
Company is now valued at €7.3 billion.
Virtual card platform Extend raises $11m
The funding takes Extend’s total capital to $14 million.
Video: fintech news weekly round-up – 15 April 2019
This week, news about challenger banks!
Credit Karma closes Noddle acquisition for UK expansion
It will make Noddle’s premium services available for all.
Lemonade valued at $2bn following $300m funding round
Insurance start-up is now eyeing the European market.
Sberbank, Gazprombank and Digital Horizon invest in biometric future
Speech Technology Centre aims to become a global leader.
New funding values personal finance app Fintonic at €160m
Follows €19m investment round led by ING Ventures.
Top fintech stories this week – 12 March 2019
Teradata’s event coverage, Sopra Steria acquired SAB, and other news.
Teradata Universe Madrid 2019: Teradata agrees that less is more
“Don’t invest in analytics!”, and in my mind, the crowd cheered.
Upgrade Pack flying high as crowdfunding exceeds £500K target
Discount site celebrates first year with £12.75m pre-money valuation.
New funding set to make Monzo second-largest UK fintech start-up
£1.9bn valuation will see the challenger bank leapfrog rival Revolut.
Forward Financing to build on growth with $90m credit facility
Deal is described as “transformative” for the company.
EvoNexus launches incubator backed by RBC and Franklin Templeton
It will launch in May 2019 in San Diego.
Kabbage pulls in $700 million in debt funding
It claims to be the largest asset-backed securitization by a small business online lending platform to date.
Emma integrates Chip savings in money management app
Emma just wants to chip in.
Upstart raises $50m investment and lands new bank contracts
AI lending platform wants to expand its applications.
Simudyne closes $6m funding with Barclays’ aid
This brings the total capital raised to $10m.
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
SESAMm targets US market after EUR 4.4m funding round
Expansion to Japan and London is the next objective.
Kudi raises $5m to expand bank agent network in Nigeria
Series A funding will support mission to serve underbanked people.
Onfido raises $50m for fraud battle boost
It brings the firm’s capital to more than $100 million.
Boost Payment Solutions closes $12m funding
Aimed at raising its profile to provide payments across industries.
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
OpenGamma raises $10m for data analytics boost
It will increase presence in London, New York and Singapore.
Bill.com raises $88m for business payments push
Led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada, among others.
PayPal invests in potential collaboration with Cambridge Blockchain
The funding is an extension of the firm’s Series A round.
TransferWise to float stake for fundraising
It is rumoured that it is being organised by investment bank Goldman Sachs.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
Kyriba plans $160m growth round led by Bridgepoint
$60 million earmarked for innovation investment.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
