New investment for LendUp spurs credit card spin off
The US company will spin off its credit card business, Mission Lane, as a separate, stand-alone entity.
Investment & Funding
Monerium gets $2m funding for e-money on blockchain
Icelandic firm’s latest round includes support from ConsenSys.
MUFG launches new $185m fintech fund
With a focus on innovation and partnerships.
N26 plots delayed US launch with $300m funding
Mobile challenger bank is now valued at $2.7 billion.
BBVA leads $12m funding in paytech Grabango
Busy bank shows more interest in invisible payments.
Indonesia’s KinerjaPay collects $200m funding
Paytech gets backing from Wahana Group.
LendingFront moves forward with $4m funding
Series A round led by Information Venture Partners.
RBS secures 25% stake in digital current account Loot
Invests £2 million via its new digital Bó bank.
Paytech firms Nets and Concardis finalise merger
Both payments companies to retain their brands.
Zwipe seeks $14m funding for Merkur Market move
Norwegian firm looks for multilateral trading facility action.
White paper: Enabling information-driven financial services
Find out how to utilise data to increase revenue and reduce risk
Chetwood Financial gets full UK banking licence and new cash
Alongside a new lending product launch.
Private blockchain Vostok makes waves with $120m funding
The Waves Platform team building blockchain for big firms.
Top ten fintech opinion pieces in 2018
Great minds share their views and ideas on all things fintech.
Top fintech stories this week – 21 December 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Coconut milks crowdfunding to launch current accounts
UK firm unleashes latest product for freelance folks.
AI firm Dataiku gets £80m funding
Aiming at UK expansion.
Remittance comparison site Monito gets £2.5m funding
Supported by Swiss media group Tamedia.
Old guard and challenger banks sit at UK’s switching scheme table
Incentivised Switching Scheme welcomes 11 banks.
Lendtech Blend Network gets £10m funding
To grow its lending product and raise the UK firm’s profile.
Flux to flex digital muscles with $7.5m funding
Digital receipt firm plans platform expansion.
FundedByMe gets the nod for UAE crowdfunding debut
Sweden-based platform granted approval for 2019 start.
AR firm Blippar goes bust
All staff will lose their jobs at the UK-based augmented reality firm.
Egypt’s Commercial International Bank ventures into fintech investment land
CIB unleashes CVentures for a national “first”.
Santander smartly acquires invoicing and expenses app Albert
Bank says app is popular among freelancers and micro-enterprises in the UK.
Crypto data firm Nomics nabs $3m funding
Arthur Ventures leads the round with Coinbase participating.
B-Social raises £3m to build a social bank
As it applies for a UK banking licence from the FCA and PRA.
DNB and Danske pump €5m funding into Spiir’s Nordic API Gateway
The parties seek to build their PSD2 infrastructure in the Nordics.
Goldex raises over £1m in pre-Series A rush
As it develops its retail gold investment app launched in July.
Compliance software provider Egress gets $40m funding
Led by FTV Capital and supported by AlbionVC.
Xinja grows up to be a bank with APRA licence
The Australian regulator has given the bank a restricted authorised deposit-taking institution licence.
UK credit provider TotallyMoney takes in £29m funding
Investment from Elliott Advisors and Scottish Equity Partners.
Paytech TransferGo glows with $17m funding
UK firm targets expansion in Turkey, India, Ukraine and Russia.
Lending platform JUMO gets $12.5m funding
Takes total raised in excess of $103 million.
ShopKeep closes $65m for small business financing leap
Brings US firm’s total funding to just over $72 million.
Motive Partners takes majority stake in Finantix
Private equity firm gets hold of digital services provider.
Plaid’s glad all over with $250m funding
US app provider now valued at a juicy $2.65 billion.
Data privacy provider Privitar picks up investment from Citi
UK firm plans to expand its US teams on the East Coast.
UNICEF fuels SME funding for emerging markets
Its innovation fund gives Atix Labs some support for good causes.
PayPal gives a Toss about Viva Republica’s $80m funding
Aimed at expanding the firm’s consumer app Toss.
