BBVA sells Holvi business lender, invests $150m in VC fund
Spanish banking giant ditches Finnish business bank, sells back to founder
Spanish banking giant ditches Finnish business bank, sells back to founder
Private bank’s customers won’t notice the transition, claims challenger.
Featuring Stash, Built, LeaseLock, Valon Mortgage, and Metromile.
The start of February has seen a whole host of funding rounds around the world.
Barclays’ 2021 cohort includes four data-focused fintechs.
The Series A funding round brings NymCard’s total investment to $12 million to date.
CapBay offers short-term financing to “businesses of all sizes” through its “proprietary credit-decisioning model”.
$15m for open banking payments platform Token and $9.4m for trade finance tech specialist Tradeteq.
Featuring Albert’s $100 million Series C funding round and Crux Informatics’ $36 million convertible note.
Featuring Robinhood, Nubank, Melio Payments, Albert and Rhino.
Germany-based Compeon lands €15 million and France-based SESAMm – €7.5 million.
Check says it already works with 100,000 small businesses in the US
Brazilian challenger reaches $1.8 billion in total funding raised.
Lending start-up plans extra growth after round led by QED Investors.
US-based insurtech believes the industry is set for “explosive growth”.
The card consolidation firm picked PassFort in the wake of its Series C round.
Berlin-based firm aims to help “impactful” businesses with a range of products.
German wealthtech has raised €14.9 million since 2017.
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Lithuanian firm plans availability across Europe by Q4 2021.
Former Rizq founder sets up new Islamic wallet app.
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
Minna says the investment will be used for global expansion, “with requests from all continents”.
FinTech Futures’ weekly news round-up.
Banks have relied on the “five p’s” – people, physical cash, premises, processes and paper.
Featuring CGI, Cleo AI, Freetrade, Market Finance, and Monzo.
Form3 to provide real-time payment processing, clearing and settlement.
Patel joins the upcoming challenger after leading Emirates NBD’s challenger Liv.
Banking app promises fast account setup and loan processing.
Retailer says customers want more of its financial products.
Jonathan Klein joins the neobank from Wayfair.
Alami hopes to distribute trillions to SMEs and micro businesses.
Fintech unicorn seeks to transition to full bank in the UK.
Anytime to fall under the Orange brand as it looks to scale up for businesses.
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
Channel 4 signed an advertising-for-equity deal.
Challenger bank for farmers receives investment from Duke of Westminster’s estate.