Challenger for teens Step raises $50m in Series B
Among new investors are Charli D’Amelio, Justin Timberlake, Eli Manning, and Mantis VC.
Investment & Funding
Former Uber Money head bags $12.4m for new venture Synctera
The start-up hopes to speed up go-to-market times.
Moov Financial raises $27m in Series A funding round
The latest round follows a seed round from August.
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.
Stripe chases $100bn valuation with no sign of IPO
Stripe could see its valuation quadruple in just two years.
New York challenger Current lands $131m in Series C funding round
The capital will go towards Current’s product offerings.
HMBradley lands $18.25m Series A led by Chime investor Acrew Capital
To date, the fintech claims it has surpassed $90 million in customer deposits.
App for US landlords NestEgg lands $7m Series A
Alongside its fresh capital injection, the start-up has also launched NestEgg Pay.
Video: Top fintech stories this week – 13 November 2020
FinTech Futures’ weekly news round-up.
UK BaaS Railsbank lands $37m for US credit expansion
“Railsbank [is] set out on a mission to be a truly global platform.”
Banking Technology November 2020 issue out now
Without limits: The Barclays accelerator races ahead
Video: Top fintech stories this week – 06 November 2020
FinTech Futures’ weekly news round-up.
Fast is speeding to a $1bn valuation just one year after seed
The start-up’s speedy route to what could be unicorn status is unusual.
Engage, empower and advance: Black voices in venture capital
Co-founder of BLCK VC and Storm Ventures associate, Frederik Groce, is on a mission.
TreeCard raises $1m from Ecosia ahead of 2021 launch
TreeCard, set to launch next year, is made of sustainable cherry tree wood.
GPS secures Visa investment to fuel international expansion
Payments processing firm plans to branch out from Europe and South East Asia.
Canadian invoice firm FundThrough raises $50m to support SMEs
FundThrough aims to eliminate the “wait” for SME payments
Stripe acquires Nigerian start-up Paystack in $200m deal
Paystack has 60,000 business customers across Nigeria and Ghana.
Canadian robo-advisor Wealthsimple lands unicorn status with $87m raise
Wealthsimple serves some 1.5 million users.
Ex-Revolut execs form start-up investment firm Expansion Capital
Of its 15 investments, three were founded by Revolut alumni.
Marqeta bags undisclosed Mastercard investment
“We want to invest in products, in customers and invest in continuing to grow globally,” says Marqeta.
Bank of America teams up with Black-owned Unity bank
BoA has acquired approximately 5% of the bank’s common equity.
Citi invests in markets software firm Genesis Global Technology
The undisclosed strategic injection sees Citi deploy some Genesis tech.
Banking Technology October 2020 issue out now
Educate, advocate, invest: It’s not enough for companies to pay lip service.
Sibos 2020: JP Morgan CEO tells banks “don’t outsource your soul”
Jamie Dimon believes plenty of outsourcing firms “have no idea what they’re doing”.
Alkami Technology closes $140m funding round
The cloud-based digital banking firm has raised $378 million to date.
JP Morgan-backed Greenlight joins unicorn club with $215m Series C
The start-up says the new funding will be used to push its customer growth further.
MineralTree raises $50 million, acquires Inspyrus and Regal Software
Accounts payable firm plans to take firm grip of mid-market segment.
SpotOn secures $60m Series C funding round from DST Global
The latest round puts SpotOn’s total raised at $190 million.
Robinhood’s valuation continues climb with $460m funding
Robinhood it will use the funding to improve its customer experience.
What the Fintech? Episode 14 | In these VC streets
Martinez shares his insight on VC culture and the shift from Santander Innnoventures to Mauro Capital.
Paytech Nuvei breaks Toronto Stock Exchange records with $700m IPO
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
Video: Top fintech stories this week – 18 September 2020
FinTech Futures’ weekly news round-up.
US neobank Chime set to more than double in value to $15bn
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
Ex-N26 employee lands $1.8m to launch ETF-linked checking account
“This is an everyday account, we don’t want you to risk your money,” says CEO.
Video: Top fintech stories this week – 11 September 2020
FinTech Futures’ weekly news round-up.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
US payments start-up Finix lands $30m from Lightspeed & Amex
To date, Finix has raised $96 million in venture capital.
