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ICYMI funding round-up: Sudozi, Mentum, Assetplus, Multipl & Akuvo
Our weekly fintech round-up for you to get the latest funding news from around the world.
Checkout.com snaps up French ID verification firm ubble
The deal is set to close later this year.
Egyptian B2B paytech Paymob raises $50m Series B
The Series B round, the largest fintech Series B in Egypt, was led by Kora Capital, PayPal Ventures and Clay Point.
KuCoin hits $10bn valuation with new $150m funding round
The round was led by Jump Crypto with participation from Circle Ventures, IDG Capital and Matrix Partners.
Oracle FS gains core banking tech clients in Europe and Africa
Oracle FS has landed new-name deals for its Flexcube core banking system in Portugal and Nigeria.
Ohio’s KeyBank acquires Philly fintech firm GradFin
Founded in 2015, GradFin offers advisory solutions for people wanting assistance with their student loan debt.
Oracle FS lands two new core banking tech deals in Uzbekistan
Ziraat Bank and a challenger bank will implement a broad range of Oracle FS tech.
Paddle raises $200m Series D round at unicorn valuation
The latest round brings Paddle’s total funding to date to $293 million.
UAE neobank Wio hires Salem Al Nuaimi as chair and Jayesh Patel as CEO
The hires at Wio follow the digital bank’s licence approval by the Central Bank of the UAE.
New small business payments platform Hopscotch seeks to make invoicing hassle-free
Hopscotch, founded in June 2021, has raised nearly $10m from 12 investors.
New Glasgow-based trading app Strikes prepares for launch
Founded in 2021, the start-up aims to help retail options traders save time and money.
US fintech MainStreet lays off 30% of employees
CEO Doug Ludlow cites “today’s incredibly rough market” as the reason for the layoffs.
Developer infrastructure bank Column launches to cut middleware bloat
Column is the only nationally chartered developer infrastructure bank in the US.
US healthcare fintech Walnut raises $110m in Series A round
The round comprises of $10 million in equity financing and $100 million in debt financing.
Teen financial literacy app Wingocard shuts down
The Montreal-based fintech was founded in January 2020 and launched in May 2021.
Canada’s Neo Financial hits unicorn status with $145m Series C raise
The round was led by Valar Ventures, with new and existing investors also participating.
Dutch challenger Bunq becomes EU’s second largest neobank with Tricount acquisition
Tricount is a group expense management app that allows users to balance their expenses with friends.
Latin American Bitcoin rewards credit card provider YoCripto readies for launch
YoCripto is on a mission to be the first in Latin America to offer a credit card with Bitcoin rewards.
ICYMI funding round-up: Estateguru, SaaScada, tell.money, Cheq, GMEX & Bluezone
A handy round-up of the recent funding endeavours of fintech companies across the globe.
LatAm SME financial services platform Xepelin raises $111m Series B
The company operates in Mexico and Chile and has more than 450 employees spread throughout LatAm.
Italian BNPL platform Scalapay bags $27m in Series B extension
Scalapay has now raised $727 million in total funding to date.
Payments infrastructure start-up kevin. secures $65m Series A funding
The funding will be used to double the size of its team and develop new products.
Rewards platform Kard secures $23m in Series A funding round
The new funds will be used to expand its merchant network and product offering.
SME neobank Open bags $50m, becomes India’s 100th unicorn
The Series D round was led by IIFL with participation from existing investors Temasek, Tiger Global, and 3one4 Capital.
Fractional investment platform Investables readies for UK launch
Investables allows retail investors to purchase fractional shares in rare collectibles.
Banking Technology Magazine May 2022 issue out now
Cover story: THE NEED FOR SPEED – Getting money to those that need it, fast.
Mobile tax app Taxfix lands unicorn status with $220m Series D funding
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
Another brick in the wall: how Bloom is helping teens build financial literacy skills
Bloom enables teenagers to start building wealth by investing in the stock market and learning about finances.
Middle East and Africa fintech funding round-up: Zenda, Pemo, Afriex & Laboremus
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
Fintech app for teens Copper secures $29m Series A
The latest round takes Copper’s total capital raised to date to $42.3 million.
US challenger Cogni lands $23m in Series A funding
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
New paytech start-up Saltare launches in the UK
Saltare aims to give large organisations the tools to pay suppliers and partners more quickly.
Fintech start-up Valor set to launch in US for Latino and Hispanic communities
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
Funding Circle founder bags $30m for new paytech
The funding was raised at a pre-money valuation of $60 million, according to Sky News sources.
Kiwi regtech start-up First AML lands £15.6m Series B, makes UK debut
The company’s co-founder Bion Behdin is relocating to its new London office.
Indian fintech Financepeer raises $31m in Series B round
The firm says it will use the funds to make quality education more accessible across India.
Indian fintech start-up Recur Club secures $30m seed funding
The seed funding is made up of a combination of equity and debt.
US financial services super-app Multicent gears up for launch
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
Cartoon: Market dilemma
A new cartoon illustrating how venture firms are reacting to the changing macro environment.
