Digital wealth manager Wealthsimple exits UK
All eligible accounts will be transferred to Moneyfarm in January.
Start-up
Mexican spend management start-up Mendel lands $35m in new funding
Funds will be used for product development and to accelerate growth in Mexico and Latin America.
Banking service for migrants Majority raises $27m in Series A
The company has identified 180+ unique migrant communities it intends to offer its services to.
Fintech funding deals globally 29 November – 5 December 2021
Featuring Slice, 1inch, Prytek, Kueski and Fundbox.
Finance reporting start-up Abacum gains $25m Series A funding
The company provides a SaaS platform for streamlining reporting and improving forecasting accuracy.
ICYMI funding round-up: Bunq, Qapita, GajiGesa, Knowledge Bank, Anchor, Goalsetter, & Lamaa
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
New neobank designed exclusively for women of colour launching in 2022
GoWomen says it will provide banking services and financial awareness and wellness products.
Jeeves and Mastercard partner in Mexico for physical and virtual business cards
Tie-up follows $188m funding for Jeeves, which launched at the start of 2021.
New neobank Migom provides unbanked entrepreneurs essential banking services
The digital bank also provides crypto capabilities, including instant crypto transfers.
In your own time
If you think you can dictate timings for the business you are in, think again.
Dear Luc: When is the best time to go fundraising?
Feeling the pressure seeing all the funding rounds lately for fintechs so early on in development?
ICYMI funding round-up: Pomelo Pay, Nudge, Recordent, fintus, EarlyBird, WLTH, and Basiq
In Case You Missed It (ICYMI) funding round-up for you to get the latest fintech funding news.
What happens next?
The deal is: you can moan and rant and vent as much as you want. Provided you do something next.
Family savings fintech UNest raises $26m in Series B round
Company is one of the few US fintechs with a female founder to gain investor funding to date.
US fintech start-up Settle closes $60m Series B round
The San Francisco-based company has now raised $100m in total funding to date.
8fig raises $50m to reinvent supply chain management for e-commerce sellers
8fig says it’s on a mission to propel 10,000 sellers to eight-figure revenue by 2025.
The right way to build a fintech
Fintech entrepreneurs need to ensure they get back-end processes right when launching their business.
Mexican BNPL platform Aplazo completes $27m Series A round
Increase in headcount and Latin American expansion planned.
New fintech start-up Arbo Works gains seed funding ahead of launch
Set up by ex-Google execs earlier this year, the firm is embarking on a major recruitment drive.
Crypto platform Gemini secures $400m in first outside funding round
The new capital injection values the company at $7.1 billion.
Black-owned Adelphi Bank files for licence in the US
The new bank is intended to provide African Americans with better access to financial services.
US credit card fintech Black Opal prepares for full launch
The firm intends to issue credit cards for expats and is seeking funding of $100m.
Upgrade raises $280m in Series F funding at $6bn valuation
The fintech has raised $600 million in equity capital since inception in 2017.
Impostor syndrome lite
The world is not divided between those with self-doubt and self-assurance. But if it was, I would pick the doubters any day.
Stori brings in $200m in Series C funding and debt financing
The fintech has achieved one of the largest funding rounds to date in Latin America.
Wealth infrastructure API platform Atomic raises $25m Series A funding
The San Francisco-based company will add scale and headcount with funding round.
Canadian card and spend management fintech Float raises $30m in Series A
This latest financing round brings Float’s total funding to date to around $34 million.
FinTech Futures Jobs: Five tips on how to prepare for a remote job interview
Take a look at some tips on how you can best prepare for a remote job interview.
Making the numbers dance
Numbers are always true. But they don’t always mean what you say they do.
FinHub Global Ventures launches new business challenger Mixbank
Mixbank aims to provide banking and cash management for businesses without the need for a credit card.
New fintech Uellbee aims to improve financial inclusion in Mexico
The firm will offer access to credit, financial coaching, and savings.
New US fintech Wyshcast to boost financial inclusion with sandboxes
The service plans to offer a “fully-aggregated” and “one-stop” financial planning tool.
What the FinTech? | S.2 Episode 23 | An alternative approach to data
Marina Goche, chief executive officer at Sentifi, joins us on this week’s episode of the What the FinTech? podcast.
Paytech start-up Extend raises $40m in Series B round
The New York start-up wants to modernise the payments industry “from the inside out”.
Video: fintech news pick of the week – Mynt, Oracle, Standard Bank & more
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Sports and entertainment-focused fintech SEMA launches in US
SEMA offers members in the creative and sports industries concierge financial services.
Financial management platform HoneyBook lands $250m Series E funding
The Californian company manages client flow and cash flow for independent business owners.
Privilege makes for bad leadership
Here’s a fun fact for you: no matter who you are, most of the world is not like you.
Reimagining business models for a post-COVID banking future
Banking was already in the throes of change when the pandemic hit, but how does the industry recover?
Athlete-focused financial wellness app Scout launches in US
Scout aims to connect users with “the world’s top athletes and business minds”.
