CIBC invests in start-up Pollinate; launches paytech service for Canadian SMEs, Tyl
Tyl by CIBC is a digital-first payment acceptance and merchant services platform for Canadian SMEs.
Investment & Funding
ICYMI fintech funding round-up: Blend, Canza, IMAN, NayaPay, NymCard, Plinqit, & Tiiik
Our weekly fintech round-up for you to get the latest funding news.
Squirro signs European Central Bank, buys open.exchange, raises $4m
Zurich-based Squirro has raised $4m in equity funding from capital investment firm BuildGroup.
UK fintech start-up Weavr secures $40m Series A round; targets US launch
CEO Alex Mifsud says Weavr shortens the time it takes to launch embedded finance solutions.
Digital ID verification start-up OCR Labs expands to North America with $30m funding
OCR Labs has raised $46 million through its combined Series A and B.
Chat commerce platform Clickatell raises $91m Series C to boost expansion plans
Clickatell says chat is the largest digital platform in the world, with 7.7 billion users.
Beyond Identity raises $100m to replace passwords with invisible, un-phishable MFA
Beyond Identity’s total funding to date reaches $205m and propels its valuation to $1.1bn.
PrimaryBid lands $190m in SoftBank-led Series C investment round
The money will be used to expand across continental Europe and the US.
Fintech funding deals globally 14 February – 20 February 2022
Featuring Neon, Flutterwave, RapidRatings, Spotter and Genesis.
BNPL provider ViaBill raises $120m in equity and debt
ViaBill’s funding round was led by London-based Fasanara Capital.
Financial “cockpit” for SMEs Ageras raises €30m
Denmark-based Ageras is “poised to become one of Europe’s next unicorns”, investors say.
ICYMI fintech funding round-up: Actyv.ai, MoneyHash, Novus, SJ Mobile Labs, Trace Finance, & Zand
Our weekly fintech round-up for you to get the latest funding news.
US fintech start-ups Airbase, Genesis Volatility, and Tilled raise funds
A handy round-up of the recent funding endeavours of three US start-ups in the fintech space.
Low-code platform for financial markets Genesis raises $200m
Genesis’ new round of $200 million in financing was led by Tiger Global Management.
Bank of America invests in UK paytech Banked, launches new online payment solution
BofA says the Pay by Bank solution is “part of our continual cycle of technology investment”.
Wealthtech FNZ secures $1.4bn investment
The company says the investment is one of the largest ever primary equity raises in the sector.
Compliance tech provider Sardine raises $19.5m in Series A
New funding came from Andreessen Horowitz, NYCA and Experian Ventures.
ICYMI fintech funding round-up: Brick, Cynomi, Infina, Fintern, Pyypl, Streetbeat, Tiba, & more
Our weekly round-up for you to get the latest fintech funding news.
GoCardless joins unicorn club with $312m Series G funding
The direct bank payment solution provider is now valued at $2.1 billion.
Mos secures $40m Series B funding to drive product expansion
The cash will go towards hiring new staff as Mos looks to maintain its recent growth spurt.
US start-up LoanStreet closes $25m Series B funding round, eyes Canada
Founded in 2013, LoanStreet claims 1,200+ US banks, credit unions, and direct lenders as customers.
Fintech funding deals globally 31 January – 6 February 2022
Featuring FTX, Chargebee, Koho, Phantom and League.
B2B payments and financing platform Tribal lands $60m Series B to support LatAm expansion
Tribal says the Latin American region represents a $175 billion market opportunity.
Cartoon: Valuation
A new cartoon illustrating the disconnect between public and private market valuations.
Video: fintech news pick of the week – Diem, SAP & FTX
Our top pick of news from the world of finance and tech in bitesize video format, every week.
HSBC partners and invests $100m in Bill Gates-founded green tech accelerator Catalyst
The bank’s chief sustainability officer says green tech needs investment “to become reality”.
ICYMI fintech funding round-up: Akuvo, BFM, Billhop, Finverity, & LemonEdge
Our weekly round-up for you to get the latest fintech funding news.
Subscription management platform Chargebee valued at $3.5bn following $250m raise
Chargebee CEO says the firm solves infrastructure issues facing high-growth subscription businesses.
Crypto wallet Phantom launches app following $109m Series B raise
Phantom claims to be “the fastest growing crypto wallet”.
Canadian fintech Koho lands $165m Series D funding
The firm says the investment is one of Canada’s largest fintech funding rounds.
FTX Trading secures $400m Series C funding at $32bn valuation
The firm now claims to be the third-largest crypto exchange in the world.
Banking Technology February 2022 issue out now
Cover story: THE FUTURE CALLS – Three predictions for the year ahead.
CoinTracker lands unicorn status with $100m Series A round
Users collectively track over $50 billion in crypto assets on CoinTracker.
Digital asset custody platform Fireblocks worth $8bn following $550m Series E
The round makes Fireblocks the highest-valued digital asset infrastructure provider in the world.
Black-owned wealthtech start-up Esusu hits $1bn valuation following $130m Series B
Esusu is now one of just a handful of Black-owned unicorn start-ups in the world.
Why everyone will know the term embedded lending in 2022
SME demand for finance is set to continue to grow globally in 2022.
Fintech funding deals globally 24 January – 30 January 2022
Featuring Fireblocks, FTX US, Creditas, Esusu and CoinTracker.
Garden of Eden: how Africa’s digital transformation promises to boost the continent
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
German software firm SAP to acquire capital management fintech Taulia
Taulia will continue to operate as a standalone company under its own brand.
Paystone snaps up merchant services provider Canadian Payment Services
Paystone CEO Tarique Al-Ansari says the deal will “provide additional value to CPS merchants”.
