Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment & Funding
ABN Amro and allies invest €14m in CrossLend
Digital lending platform also gets money from Earlybird and solarisBank.
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK challenger bank Monese eases into $60m funding
Pushing ahead with its mobile banking plans across Europe.
SynapseFI raises $17m in new funding
It’s making public what insiders have known for months.
CAN Capital receives $287m financing facility
Money courtesy of alternative asset manager Varadero Capital.
How to finance your tech business – balancing equity and debt
Plus top tips on raising capital.
Foxconn and friends form $100m VC fund in US
Wisconsin business community gets some love and (more importantly) money.
Wealthtech Sarwa raises $1.3m in funding
Automated and human investment advice catching on.
Countingup on the up with £2.3m seed funding
UK-based challenger bank will develop its accounting features.
Funding Circle plans to raise £300m in IPO
Lending platform’s plan was first revealed in January. Now it’s official.
Warren Buffett’s Berkshire Hathaway invests $300m in Paytm
Berkshire joins Ant Financial, SoftBank and Alibaba as investors.
Jaja Finance launches first product following £7m funding
Making credit cards simple to get.
Scotland’s DataVita secures £4.6m funding from Santander
Data centre and cloud services provider not short of bread.
Dfinity raises $105m funding for blockchain supercomputer dream
Sees itself as “The Internet Computer”.
AirTM gets $7m funding to fuel LatAm fintech
Where economic stability remains no longer.
AI wealthtech Pagaya closes $14m funding round
Its tech is meant to help institutional investors and asset managers.
CULedger gets $8.5m to support blockchain for credit unions
Part of a $10m funding goal.
Gold-as-currency enabler Glint seeks US sprint
Partners with Sutton Bank and Galileo Processing for American dreams.
Salary Finance raises $20m funding to launch in US
UK personal finance firm wants to make waves across the Atlantic.
Andreessen Horowitz leads very nice $8.5m investment in Very Good Security
“You can’t hack what isn’t there.”
Stripe and Visa join $8m funding round in African start-up Paystack
Nigerian payments firm also gets help from Tencent and Y Combinator.
Irish P2P platform Flender raises €10m
Part of the €50 million investment sought.
US credit card firm Deserve raises $17m funding
Going for Generation Z with its “financial independence” offer.
Binance Labs launches incubator for crypto start-ups
$500K for those firms selected.
Latvian entrepreneurs buy Colorado National Bank for $9m
Co-owners of payments firm to profit from a Chapter 11 bankruptcy.
Paytech Paidy sitting pretty with Visa investment
Japanese post-pay outfit goes public with Visa backing.
Regtech ComplySci on a high with Vista Equity investment
New York-based firm feeling funky via Vista’s Endeavor Fund.
Deutsche Bank takes equity stake in Modo Payments
German bank plans to expand B2B and B2C payments.
Vestigo Ventures unveils vertigo-inducing $59m fund
Good news for US fintech companies.
US lender receives Series C $62m funding Upgrade
Financing led by CreditEase Fintech Investment Fund.
Indonesian lendtech KoinWorks collects $16.5m funding
Series A funding round led by Mandiri Capital.
Cloud finance platform Consero gets $50m investment
Boston-based BV Investment Partners invests in Texan firm.
Debitum debuts in alternative finance space
Blockchain-based and coming in September.
Citi invests in e-trader TransFICC to make innovation click
TransFICC has also joined Citi’s Innovation Lab in London.
Data deliverer DueDil gets £8m funding thrill
Round led by Augmentum… which is everywhere today.
UK paytech Previse gets $7m funding prize
Round is led by Augmentum and Bessemer Venture Partners.
SME bank Tide feels pride with £8m investment
As happy as a clam at high Tide.
SoftBank teams with ZhongAn for Asian insurtech impetus
Bank’s Vision Fund to help Chinese insurer’s overseas ambitions.
