Milo brings in $6m to provide US credit to international citizens
Lending start-up plans extra growth after round led by QED Investors.
Start-up
Rhino raises $95m to support US renters
US-based insurtech believes the industry is set for “explosive growth”.
Curve signs PassFort to automate KYB processes
The card consolidation firm picked PassFort in the wake of its Series C round.
Founder-focused start-up Remagine nabs €20m in seed investment
Berlin-based firm aims to help “impactful” businesses with a range of products.
Wealthpilot raises €8m to fuel data aggregation push
German wealthtech has raised €14.9 million since 2017.
Saudi start-up Hakbah raises $1.2m in seed funding
Hakbah aims to “modernise and ease” savings in Saudi Arabia.
Lithuanian paytech kevin. raises €1.5m in seed funding
Lithuanian firm plans availability across Europe by Q4 2021.
Waqfinity launches in UK to provide “impact focused” Islamic finance
Former Rizq founder sets up new Islamic wallet app.
Asia-Pacific fintechs Volopay and Microleap land funding
Singapore-based Volopay and Malaysia-based Microleap have raised $2.1 million and $3.3 million, respectively.
FinTech Futures Jobs: five awesome fintech companies founded by women
Featuring Aya Payments, Modularbank, First Boulevard, GoHenry, and Alinea Invest.
Wealthtech Elinvar raises €25 million funding
Founded in 2016 in Berlin, Elinvar has “the vision to connect the entire wealth management ecosystem”.
Minna Technologies raises €15.5m in Series B funding round
Minna says the investment will be used for global expansion, “with requests from all continents”.
Video: Top fintech stories this week – 22 January 2021
FinTech Futures’ weekly news round-up.
The five p’s of banking
Banks have relied on the “five p’s” – people, physical cash, premises, processes and paper.
FinTech Futures Jobs: new year, new job – five tech companies that are hiring now
Featuring CGI, Cleo AI, Freetrade, Market Finance, and Monzo.
Aion Bank signs payments processing deal with Form3
Form3 to provide real-time payment processing, clearing and settlement.
ADQ’s unnamed neobank nabs new CEO from Emirates NBD
Patel joins the upcoming challenger after leading Emirates NBD’s challenger Liv.
Dubai-based Bankiom promises “new way” to manage money
Banking app promises fast account setup and loan processing.
Walmart prepares launch of its own fintech start-up
Retailer says customers want more of its financial products.
Canadian challenger Koho appoints new CTO
Jonathan Klein joins the neobank from Wayfair.
Shariah P2P fintech Alami raises $20m in debt financing
Alami hopes to distribute trillions to SMEs and micro businesses.
Revolut applies for UK banking licence to boost primary account numbers
Fintech unicorn seeks to transition to full bank in the UK.
Orange Bank acquires challenger Anytime to expand SME focus
Anytime to fall under the Orange brand as it looks to scale up for businesses.
San Francisco challenger Oxygen raises $17m in Series A
Runa Capital, S7V, EFG Hermes, and Rucker Park, took part in the investment.
Fintech funding deals globally 28 Dec 2020-3 Jan 2021
Featuring Mission Lane, Narmi, Finja, CarPay, and ZipLoan.
UK challenger B-North raises £250,000 and signs deal with Channel 4
Channel 4 signed an advertising-for-equity deal.
Oxbury plans 2021 launch after fresh £15m injection
Challenger bank for farmers receives investment from Duke of Westminster’s estate.
Tamam to launch Saudi Arabia’s first digital microfinance service
Tanam give green light after 18 months of sandbox testing.
Jamaican central bank plans electronic payments regulation revamp
Jamaicans sent $4 billion in electronic payments in 2019.
What the Fintech? Episode 18 | Year in review
We relay our industry highlights of 2020.
Paytech firm Ondot acquired by US banking tech giant Fiserv
Fiserv says the Ondot takeover will help it provide a “unified digital experience” to customers.
Mexican challenger albo raises $45m in Series B funding round
Albo has now raised just over $72 million across five rounds.
Swiss challenger Alpian picks cloud hosted Temenos tech
Alpian plans to deploy Temenos Transact and Temenos Payments in a SaaS model.
Tink lands €85m for continued expansion into 2021
The finding extension was co-led by new Parisian investor Eurazeo Growth.
Financial assistant app Cleo raises $44 million
Cleo has four million Gen-Z and millennial users; and recorded a 400% revenue growth in the last year.
Australian business banking challenger Gallantree adds crypto function
Gallantree targets entrepreneurs, family offices, and high-net-worth individuals.
Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Retail rewards platform Fetch raises $80m in venture funding
Fetch Rewards has raised $131m since 2013.
What the Fintech? Episode 17 | The spirit is willing, but the markets are weak
This episode of WTF? podcast features Vinoth Jayakumar, partner at VC firm Draper Esprit.
FinTech Futures Jobs: the six best things about working in fintech
On the job hunt or looking for a perfect candidate? Head over to the FinTech Futures Job portal!
