ICYMI fintech funding round-up: Mistho, Plurall, Rupifi
Our weekly fintech round-up for you to get the latest funding news from around the world.
Start-up
Challenger bank Chetwood acquires core banking tech vendor Yobota
The two companies were founded alongside each other in 2016 but developed as separate entities.
Construction focused US fintechs CoFi and Handle raise funding
CoFi and Handle have raised $7 million and $10 million, respectively.
UK fintech funding round-up: Answer Pay, ScribeStar, SimplyPayMe, Smartr365, & Versori
A handy round-up of the recent funding endeavours of UK-based fintechs.
US start-up Ramp reaches $8.1bn valuation with fresh $750m funding
Ramp’s raise included $200 million in fresh equity funding and $550 million in debt financing.
Expense management platform Jeeves raises $180m Series C funding
The Series C comes just seven months after the company’s $57 million Series B funding round.
Danske Bank rolls out Conpend’s TRADE AI app for trade finance
Conpend is a specialist provider of document checking software for trade finance processes.
Banking app Dave partners FTX US to explore crypto payments
The partnership will see FTX Ventures, the venture fund arm of FTX Trading, invest $100 million in Dave.
Start-up Cape raises $33.1m to help businesses “unlock expense nirvana”
Cape will invest the money in technology, product expansion, and doubling its headcount in the coming months.
Saphyre secures $18.5m in Series A from HCAP, J.P. Morgan and BNP Paribas
Saphyre’s AI-enabled platform is intended to improve pre- and post-trade data and processes.
Andaria live with digital business current account in UK and EU
The regulated company says its account provides access to 100+ currencies and real-time foreign exchange.
Three de novo banks in US select Jack Henry’s tech
New-name wins are Bank of Burlington, RockPoint Bank, and Moultrie Bank & Trust.
ICYMI fintech funding round-up: Payrails, Nexta, Malaa Technologies, & Playter
Our weekly fintech round-up for you to get the latest funding news from around the world.
Revenue-based financing platform Novel Capital raises $115m in equity and debt funding
Novel Capital allows entrepreneurs to leverage their recurring revenue to access non-dilutive capital.
Nigerian mobility fintech Moove raises $105m to expand to Asia and MENA
Money will be used to expand Moove to seven new markets across Asia and MENA over the next six months.
Unbanked goes crowdfunding to build global bank on blockchain
Unbanked has attracted nearly $1.5 million from 1,500+ investors so far. The round closes on 26 April.
Trading Technologies acquires start-up RCM-X
RCM-X is a technology provider of algorithmic execution strategies and quantitative trading products.
Alternative business lender ThinCats appoints tech leadership, plans growth
Ex-Aldermore Bank Billy Ferguson joins ThinCats as chief technical officer.
Rutter raises $27m in Series A to become “Plaid of commerce”
Rutter’s $27 million Series A funding round was led by Andreessen Horowitz.
CEO of UK challenger bank Recognise leaves
Bryce Glover has been appointed interim CEO while the search for a new CEO is underway.
Pakistani B2B e-commerce platform Bazaar lands $70m Series B
The latest investment takes Bazaar’s total capital raised to more than $100 million.
Green paytech ReforestPay to launch in UK and EU
The firm says it will plant a tree for every transaction it processes.
Fintech start-up Chari acquires Axa Credit in Morocco for $22m
The acquisition will enable Chari to launch buy now, pay later (BNPL) services.
Regtech provider Encompass raises $33m to fuel global growth
There will be “extensive recruitment” at the company’s new offices in New York and Amsterdam.
Fintech app Curve launches in US, loses COO
Curve launched in 2018 and has already spread to 31 markets across the globe.
Growth financing platform Capchase raises $80m Series B funding
Capchase CEO says funding businesses “is not a one-size-fits-all approach anymore”.
US fintechs Selfbook and Stellar raise funds
New York-based Selfbook landed $15 million, while Austin-based Stellar raised $7 million.
ICYMI fintech funding round-up: in3, Noh, PictureWealth, Touché, and Yep!
Our weekly fintech round-up for you to get the latest funding news from around the world.
UK fintech funding round-up: mmob, Satago, SteadyPay, & Thirdfort
A handy round-up of the recent funding endeavours of UK-based fintechs.
Banking Technology Magazine March 2022 issue out now
Cover story: HAVE A HEART – Injecting a little love into AI.
Property lender Better.com lays off more than 3,000 staff in fresh cuts
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
Banking platform for self-employed and micro-businesses Tot launches in Italy
Milan-based Tot plans to onboard 50,000 domestic customers within three years and then look abroad.
Funding pours into rapidly growing climate fintech scene across Europe and US
Climate fintech start-ups raised $1.2 billion in 2021, according to figures from CommerzVentures.
Paytech Dash lands $32.8m seed round to unify Africa’s mobile money wallets
Dash is a unified payment network for the 1.3 billion Africans currently transacting digitally.
PPRO acquires Alpha Fintech to become “global payments powerhouse”
The Alpha Fintech takeover will extend PPRO’s reach to Asia Pacific.
New SME banking player Pillar set to launch in Canada
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
India’s CredAvenue hits unicorn status with $137m Series B round
CredAvenue will use the cash to invest in artificial intelligence, machine learning and data analytics.
BNPL platform tabby raises $54m in Series B extension round
The cash will go towards expanding its product offering and supporting its international expansion.
Youth-focused fintech FinZi set to launch in Colombia
FinZi has already secured a pre-seed capital raise worth $350,000.
US fintechs Growfin and PTO Exchange secure seed funding
US-based start-ups Growfin and PTO Exchange raise $1.4 million and $5.4 million, respectively.
