Chip breaks crowdfunding records to raise £10m in 48 hours
6,420 investors participated in funding backed by the Future Fund.
Start-up
Starling Bank announces account and CHAPS payment charges
The UK challenger announces new structure days after rival Monzo.
Robinhood faces SEC probe over deal disclosure
US brokerage unicorn in hot water over order flow dealings.
Viva Republica raises $173m for “one-stop” financial app
The tech company plans to diversify financial market in South Korea
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The future of finance is digital. Free tickets to FinovateFall available!
ABN Amro partners with Techstars to create start-up accelerator
The collaboration will connect ABN Amro with Techstars’ global network.
UK savings app Chip plans Series A on back of 2020 growth
Chip has seen a 138% savings growth compared to 2019.
Nordic fintech Open Payments raises €3m in second seed round
The firm plans an EU expansion in 2021.
Malaysia and Indonesian regulators sign fintech cooperative agreement
The two countries will share innovations and foster cross-border start-up development.
Payments fintech Vitesse raises £6.6m in Series A funding
Vitesse brings total raised to £7.3 million with fresh injection.
Canadian neobank Koho seeks new CTO
Kris Hansen heads back to venture capital backers to build “new adventure”.
Indonesian fintech Ayoconnect raises $5m in Pre-Series B funding
Firm reaches total funding of more than $10m with new round.
Automated accounting firm Candis raises €12m in Series B funding
Candis plans to use its new funds to expand within Europe.
BIS and HKMA launch trade technology challenge
New scheme kicks off with approval from a handful of Chinese regulators.
London’s start-up co-working space TechHub goes bust
Founder Elizabeth Varley puts the business’ collapse down to COVID-19.
New US challenger bank Simba plans to support migrant communities
Simba is built for those “who came to the US seeking financial freedom”.
Sezzle signs partnership deal with Plaid
Buy now, pay later fintech joins Plaid network.
Kenyan central bank plans digital lender clampdown
New legislation the latest attempt to stop unregulated lending.
TBC Bank launches in Uzbekistan with Capital Banking Solutions
Georgian bank expands its horizons with new digital venture.
New UK fintech Flex founded by former Pockit employee
Flex promises money management and savings tips for users.
Quantexa raises $64.7m in Series C funding
The anti-fraud AI firm has raised $90m to date.
Bueno bank aims to target Spanish holiday homeowners
Bueno promises a range of services to manage second homes.
Singapore API firm Percipient raises $5m
The fintech plans to boost the deployment of its TWINNTM system.
Aussie fintech Wildcard shuts down due to COVID-19
The savings firm couldn’t keep up with the economic impact of coronavirus.
Banca Ifis breaks into Germany with Raisin partnership
Raisin to power cross-border finance for Italian firm.
Russia’s VTB opens third round of start-up accelerator
VTB is looking for new retail and corporate solutions.
Ask the expert: how can I convince a prospect’s finance team to work with us?
The question is, how do you persuade them to sign a partnership?
UK opens virtual fintech trade mission to APAC
The fintech deal follows FTA talks between the UK, Australia and New Zealand.
FCA lifts restrictions on Wirecard Card Solutions
UK watchdog allows payments to restart.
Ingressive doubles African tech start-up fund to $10m
Ingressive averages $200,000 to $400,000 in individual investments.
New York regulator plans to ease cryptocurrency rules
DFS announces batch of changes amid MOU with New York university.
Thai paytech Synqa raises $80m in Series C round
Synqa plans to use the cash to expand its services in Asia.
Fintech start-up Synapse cuts 50% of full-time staff
It also signalled its intention to move more of its workforce to Texas.
Philippines challenger Tonik raises $21m ahead of 2020 launch
The bank has raised $27m since being founded in 2018.
Apexx Group raises $8m in Series A funding to boost payments platform
Forward Partners, MMC and Alliance Ventures participated in the round.
Pakistan regulator accepts batch of start-ups for regulatory sandbox
The Securities and Exchange Commission of Pakistan received 32 applications.
iBanFirst raises $21m in Series C funding
The raise was initially interrupted by COVID-19.
Video: Top fintech stories this week – 12 June 2020
FinTech Futures’ weekly news round-up.
Codat raises $10 million in Series A funding
Financial data fintech plans US expansion.
Mobile banking platform Vivid Money launches in Germany
The challenger is working with solarisBank and Visa.
