JP Morgan Chase acquires 40% stake in Brazil’s digital challenger C6 Bank
Launched in 2019, digital bank C6 has more than seven million customers.
Investment & Funding
Video: fintech news pick of the week – Visa acquires Tink; Raisin merges with Deposit Solutions
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Digital mortgage platform Accept.inc raises $90m
US-based firm plans to expand its “iLender” concept.
Blockchain data platform Chainalysis raises $100m in Series E round
It says it will use the funds to “execute its vision as the blockchain data platform for cryptocurrency”.
Zest AI raises investment from Vystar Credit Union, First National Bank of Omaha
Los Angeles-based credit underwriting software specialist has gained $18 million in funding.
ICYMI funding round-up: LOQR, MOCA Financial, Bueno Finance, Glint Pay & more
Another batch of funding rounds that could have flown under your radar.
Atom Finance raises $28m Series B round led by SoftBank
The firm plans to use the funding to fuel global subscriber growth.
Millennial home buying platform Lower lands $100m Series A led by Accel
The Ohio-based firm plans to use the funds to expand its product line and accelerate growth.
Visa to acquire open banking platform Tink in €1.8bn deal
Visa hopes to “help accelerate the adoption of open banking in Europe”.
Blockchain Capital announces $300m investment fund backed by PayPal and Visa
The fund will be used to support the development of blockchain technology.
US investment app Stash acquires financial literacy platform PayGrade
Stash plans to “quickly expand” its new acquisition.
Migrant banking start-up Majority raises $19m in seed funding
The firm offers a mobile banking service for migrants across the US.
Blockchain start-up Securitize lands $48m Series B round co-led by Morgan Stanley
US banking giant says “we believe in the growth and adoption of digital asset securities”.
Fintech funding deals globally 14 June – 20 June 2021
Featuring Ebanx, ThinCats, Guideline, Bunq, and 10x.
Dutch fintech Mollie raises $800m in Series C round
The investment takes the company’s total valuation to $6.5 billion.
BaaS start-up Unit raises $51m in Series B round
The company also announced the launch of its new service Unit Go.
US banking start-up Novo lands $40m in Series A round
It aims to use the investment to scale its banking platform for small businesses.
ICYMI funding round-up: Upflow, TRM Labs, Booste, Crediverso & more
A heaping helpful of funding rounds from this week to get your teeth into.
Video: fintech news pick of the week – JP Morgan acquires Nutmeg; investments for Clip and Ebanx
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
VC funding into fintech grows as sector embraces latest AI and gaming trends
VCs are ultimately looking for extraordinary entrepreneurs and companies to invest in.
Splash Financial lands $44m in Series B funding round
The company helps borrowers compare financial products from a network of lenders.
AI-powered shopping app nate raises $38m in Series A round
The company has now raised $51 million in total.
PayCargo lands $125m in Series B investment from Insight Partners
Freight payments firm plans product development with new windfall.
Video: fintech news pick of the week – Klarna, Mastercard & BBVA
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Mexican fintech Clip raises $250m in SoftBank-led investment
The investment is the largest ever for a payments company in Mexico.
Video: fintech news pick of the week – Nubank raises $750m; Goldman Sachs partners with Visa
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Nityo invests $100m in Singapore embedded finance fintech MatchMove
The US-based firm will also become the largest shareholder in the company.
Mastercard launches new initiative to support minority-owned fintech start-ups
The Start Path programme aims to support traditionally underrepresented fintech founders.
Airbase raises $60m in Series B to boost spend management capabilities
The firm has now raised $91 million in total.
Klarna raises $639m in SoftBank-led funding round
The BNPL firm claims it is now valued at $45.6 billion.
Financial wellness platform Credit Sesame raises $51m to fuel expansion plans
The US-based fintech also announced the acquisition of Zingo, a fintech software services start-up.
Mark Cuban-backed banking app Dave to go public in $4bn SPAC deal
The two parties claim the deal will be finalised later this year.
Video: fintech news pick of the week – Standard Chartered, PayPal and Trulioo
Our top pick of news from the world of finance and tech in bitesize video format, twice a week.
Trulioo raises $394m in TCV-led Series D funding round
The identity verification firm has now raised $474m in total.
Klarna sways towards US over UK for stock market listing
Klarna boss Sebastian Siemiatkowski says: “It’s more likely that Klarna will list in the US.”
Irish start-up Wayflyer raises $76m in Series A funding round
Funds from the raise will be used to support Wayflyer’s product development and international expansion.
Fintech start-up Capchase plans European expansion after $125m funding round
The US-based service is available in the UK and Spain and expects to launch in more European countries soon.
Fintech funding deals globally 31 May – 6 June 2021
Featuring Wefox, Bought by Many, Chipper Cash, YieldStreet, and Kushki.
Circle raises $440m in financing to drive expansion
The company claims the funds will allow it to meet “significant global demand”.
PayPal invests $135m in financial institutions that support underserved communities
The investments are part of its $535 million commitment to those without access to banking.
