Bain Capital Ventures nets $1bn funding for new round of tech bets
Its current portfolio includes companies focused on infrastructure software, security, commerce and fintech.
Investment & Funding
Capital markets software firm Genesis makes $3m funding revelation
Then fintech said: “Let there be light funding”; and there was light funding.
Cloud security firm Netskope is dope with $168m funding
Massive round led by Lightspeed Venture Partners.
UK’s Nationwide takes stake in financial manager Moneyhub
Building society’s investment gives it a minority stake.
Paytech Poynt scores NAB points with $100m funding
Series C raise includes Elavon and National Australia Bank.
Insurtech Anorak raises $6.5m in funding
Series A round led by Kamet Ventures.
Israel’s XM Cyber closes $22m funding
Series A round includes participation from Macquarie Capital and Nasdaq Ventures.
Cashflow controller Fluidly gets $5m funding flow
Round led by Nyca Partners.
Italian lendtech Credimi feeling dreamy with €10m funding
Gets investment funds from United Ventures and Vertis.
Singapore regulator preps $5bn for finance investment
Wants a “stronger platform for growth finance and infrastructure development”.
Southeast Asian consumer finance firm Akulaku gets $70m funding
Round includes support from Sequoia India and BlueSky Venture Capital.
Avaloq’s new venture capital fund aims for fintech Avalon
Banking tech provider plans new adventures with Avaloq Ventures.
Starling Bank’s £10m funding helps it make a stand to Monzo
As it prepares for a £80m round push.
SIX FinTech Ventures invests in Vestr and Shift Cryptosecurity
SIX’s Swiss venture fund makes first two fintech investments.
Bangladeshi lendtech ShopUp receives $1.62m investment
Automating online credit assessment for MSMEs.
Finance app Portify fortifies with £1.3m funding
UK start-up gets money from Kindred Capital and Entrepreneur First.
NatWest and JP Morgan fuel TransferWise’s £65m funding
Syndicated debt facility also includes help from LHV Bank.
Zopa closes £60m funding for bank dream
Largest funding round to date.
Grab gets $50m funding from Kasikornbank
They also unveil GrabPay by KBank, a co-branded mobile wallet.
Jaja Finance receives £3m funding to launch card
Equity crowdfunding led by Blystad Group and Pollen Street Capital.
Coconut smashes crowdfunding goal in a day
Over £650k raised, from an initial goal of £500k.
Lloyds to up digital game with Thought Machine
Takes a £11m investment – 10% stake.
Quantexa goes on data adventure with Accenture
The investment comes with a tech collaboration.
Fidor splitting from France’s BPCE
Allegedly due to lots of business clashes and drama.
Fintech Meniga gains new investor, Islandsbanki
Meniga has received a €3 million investment from Islandsbanki.
Factris receives €1.5m funding and acquires Crown Finance
The firm offers factoring to small and medium-sized enterprises in Europe.
Fintech Sharegain raises $5m and rolls out securities lending platform
It has raised a total of $12m so far.
Blockchain start-up INVioU looks to raise $2m
INVioU looks to “create new possibilities of factoring for small businesses by using blockchain technology”.
Top fintech stories this week – 2 November 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Vizolution evolves with £10m funding from three major banks
Santander, Royal Bank of Scotland, and HSBC supporting the Wales-based tech supplier.
Core banking tech developer Riby secures funding from Microtraction
Riby has developed a cloud-based core banking system for African co-ops and credit unions.
UK challenger bank MoneeMint secures funding
Aspires to be the UK and Europe’s first completely digital ethical bank.
Monzo closes £85m round as it plans more crowfunding
In its quest for a £1.5bn valuation.
Coinbase raises $300m, now valued at $8bn
In its largest round of funding to date, digital currency wallet Coinbase has closed a $300 million investment.
Ethical insurtech Ethos bags $35m
Round led by Accel.
Freetrade set sails for early access roll-out
Founded by André Mohamed and Adam Dodds.
Wahed Invest obtains $8m from existing investors
It claims to be the first Islamic fintech start-up to reach a valuation of $100 million.
TransferGo launches Seedrs aiming at €11.5m investment
Only €1 million will come from crowdfunders.
Insurtech omni:us closes series A funding round
Berlin-based insurtech omni:us brings its total funding to $22.5 million.
Quid raises $37.5m in funding round led by Lexis Nexis’ investment arm
Quid’s $37.5m round was led by REV Ventures, bringing the total funding to $108m.
