New banking service Dion.Money plans August launch in the UK
Fledgling challenger to run paid-for accounts and offer “personalised” service.
Fledgling challenger to run paid-for accounts and offer “personalised” service.
The private equity firm will acquire a majority shareholding in the company.
The company’s third funding round since its 2018 listing exceeded its original £40m target.
The firm has now raised around $24 million in total.
Work will now focus on functional design and prototyping and will involve focus groups.
The company has partnered PayDo, Pollen Technologies, Sokin and XanderPay.
The round was led by SoftBank’s Vision Fund 2 and Tiger Global.
The round follows a $37 million fundraise in November last year.
The operation follows the seizure of £114 million worth of crypto in June.
RVU also owns Uswitch, Confused.com and Money.co.uk.
H1 2021 saw $5.7bn raised across 317 deals by UK firms.
The deal represents Better’s first entry into the UK mortgage market.
The challenger says the funds will be used to continue its growth and launch new products.
The firm plans to accelerate its expansion and boost product development.
The experiment was supported by JP Morgan’s blockchain innovation lab, Onyx.
Direct Line founder Sir Peter Wood led the round through investment vehicle SPWOne.
Dutch lender chose from a range of cloud-based providers.
Firm wants to boost its “founder-friendly” financing suite.
Insurer offered “competitive pricing” the FCA found to be false.
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The funding round was led by UK private equity firm Pollen Street Capital.
Cross-border payments company debuts on the LSE in largest-ever listing for a tech firm.
The company plans to use the funds for product development and recruiting.
The firm aims to reduce its onboarding time to “less than 5 minutes”.
The new funding brings the French firm’s total raised to $400 million.
The bank is planning to cut three-quarters of its workforce in Ireland.
Norwegian vendor pulls the acquisition trigger after four years of partnership.
Joanne Hannaford will join as chief technology and operations officer in January 2022.
The firm says the investment brings its valuation to around $1.7 billion.
Duggan to join Tesco Underwriting in July, and stay for 12 months.
Francesco Giovanni Ghizzardi previously held senior roles at Ebury and Cambridge Global Payments.
The payments fintech is looking to expand its reach across Europe.
The Financial Services & Technologies Fund has a target of £1 billion.
The UK-based firm plans to expand its US presence and boost hiring.
Neo comes in to replace older Matrix system.
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The partnership will allow clients to add banking services to their payment products.
Liberis will roll out its revenue-based solution in the coming months.
The parties say they have joined forces to “strengthen product development and innovation”.
The Dutch fintech will act as the core strategic partner for the bank’s digital operations.