Colombia’s Simetrik secures $55m Series B round led by Goldman Sachs
The recent cash injection adds to Simetrik’s $24 million Series A raised in 2022.
Investment & Funding
UK regtech Napier AI secures £45m funding from Crestline Investors
Napier AI claims that since 2021, its top-line revenue has grown at more than 30% year on year.
UNO Digital Bank’s parent company secures $32.1m funding to fuel growth
UNOAsia will use the funding to strike profitability for UNO Digital Bank in the Philippines.
ICYMI fintech funding round-up: Fordefi, Mia Share, Kema, Coba 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 – 16 February 2024
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Colombia’s Bold bags $50m Series C for next phase of growth
The round builds on the $55 million secured by Bold through its Series B of February 2022.
Family finance app Nosso becomes latest UK fintech to wind down operations
The start-up’s app helped parents invest and plan for their children’s financial futures.
PNC Bank to invest nearly $1bn to renovate and expand its US branch network
PNC plans to renovate more than 1,200 existing locations and open more than 100 new branches by 2028.
Swedish VC firm Kinnevik writes off Monese investment in full
The investor has owned 21% of Monese since leading its $60 million Series B round back in 2018.
Canada’s Float bags $37m credit facility from Silicon Valley Bank
The Toronto-based fintech says the new facility will be used to expand its Charge Card programme.
SME banking tech start-up Finom lands €50m Series B to power product expansion
The Amsterdam-based start-up has now raised over €100 million to date.
ICYMI fintech funding round-up: Navro, Finally, Cashinvoice, SUMA Wealth and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Pagaya secures five-year $280m credit facility led by BlackRock
The new facility consists of a $255 million term loan and a $25 million revolver.
Chase plans to open more than 500 new branches and hire 3,500 staff by 2027
The bank also plans to renovate more than 1,700 existing locations across the US.
ID Finance lands $150m debt financing headed by i80 Group
ID Finance claims the financing marks its “largest ever financing round” to date.
Core banking tech challenger Tuum secures €25m Series B to tap new territories
The vendor plans to further establish its market presence in Germany, Austria and Switzerland.
Banking Technology Magazine February 2024 issue out now
Cover story: PLANT LIFE – Talking flora and quantum computing.
ICYMI fintech funding round-up: Kafene, General Index, Mesh and Netcetera
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Amplifi Capital lands £22.5m funding to fuel Reevo Money expansion
Reevo Money was launched by Amplifi Capital in 2022 and is the firm’s second customer-facing brand.
Kriya announces new £50m funding facility from Viola Group
Kriya aims to use the facility to enhance its offerings for B2B retailers.
Conversational AI platform Kore.ai raises $150m funding to fuel growth
The funding will enable Kore.ai to scale its workforce and further develop its product offering.
What the FinTech? | S.5 Episode 1 | The growth of fintech in Africa
In this episode of the podcast, we’re joined by Hangwi Muambadzi, Principal and Head of Africa at CommerzVentures.
BNPL lender Sunbit secures $310m debt facility with Citi and Ares Management Credit
The LA-based fintech says it will use the facility to attract and retain more customers.
Swiss crypto neobank Sygnum lands $40m growth investment
Sygnum says it will use the capital to expand into new markets and further develop its product suite.
Mondu gears up for European expansion with €30m debt financing boost
Mondu’s credit facility with VVRB now stands at €50 million following an earlier deal in 2022.
Webinar | 5 March 2024 | Banking in 2024: The key digital transformation trends shaping the industry
Join this free webinar to learn more about the tech trends shaping the banking industry in 2024.
FinTech Futures: Top five news stories of the week – 26 January 2024
Our pick of the top fintech news stories this week includes Abrdn, Kashable, Synchrony and more.
Bilt Rewards more than doubles its billion-dollar valuation with new $200m equity investment
Bilt Rewards was previously valued at $1.5 billion following a $150 million funding round back in 2022.
ICYMI fintech funding round-up: Safty, Ozone API, WealthKernel and Karty
A handy round-up of the recent funding endeavours of fintech companies across the globe.
BillingPlatform lands $90m growth equity investment from FTV Capital
BillingPlatform previously raised $10 million in a Series B round back in 2019.
ModernFi lands $18.7m Series A funding to boost deposit network expansion
The fintech last raised $4.5 million through a seed round in February 2023.
US fintech Kashable raises $25.6m Series B funding
Californian venture capital firms Revolution Ventures and Moneta Ventures led the round.
BNPL firm Billink fuels European expansion plans with $32m funding from Varengold Bank
The Dutch paytech is looking to expand its presence and break into the neighbouring market of Germany.
SME lender FundPark doubles credit facility with Goldman Sachs to $500m
The $250m expansion builds on an earlier $250m ABS facility secured by the fintech in April 2022.
Digital Onboarding plans product and team expansion following $58m growth capital injection
The Boston-based engagement platform says it is looking to double its staff headcount by the end of the year.
DailyPay secures $175m in debt and equity to tap new markets
The $75 million equity funding valued the NYC-headquartered fintech at $1.75 billion.
FinTech Futures: Top five news stories of the week – 19 January 2024
Our pick of the top fintech news stories this week includes Citi, Sainsbury’s Bank and more.
LatAm fintech Pomelo secures $40m Series B led by Kaszek
The fintech has now raised $103 million to date, including a $35 million Series A in October 2021.
ICYMI fintech funding round-up: Prometeo, Zeal, Detected and Finbridge Global
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Specialist neobank Panacea Financial bags $24.5m Series B funding
Panacea says it will use the capital to expand its financial services suite built for US doctors.
