Finovate Europe 2022: fintech investment trends – where’s the smart money going?
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
Investment professionals from Citi Ventures, Albion VC and Finch Capital discussed the ‘next big thing’ in fintech.
Glia, a New York-based digital customer service specialist, has raised $152m to date.
Saphyre’s AI-enabled platform is intended to improve pre- and post-trade data and processes.
The round, led by Vistara Growth, saw participation from Bluesky Equities, Tribune Capital and Rising Tide.
The US’s sixth largest independent acquirer has snapped up the long-standing merchant gateway specialist.
The firm raised $14m in a Series A funding round and secured a new $100m debt facility.
The Series B brings the company’s total amount raised to date to $60 million.
USAA admitted to failing to accurately report in a timely manner thousands of suspicious transactions to FinCEN.
BETA, Maxit and Digital Investor (collectively known as BETA+) have been sold to Clearlake Capital and Motive Partners.
SignalFire founding partner Ilya Kirnos will also join Argyle’s board of directors.
The firm has recruited Kent Llewelyn from TAB Bank and Accenture/Cognizant veteran Amit Dhongde.
The one-year initiative will form part of the central bank’s research into digital currencies and fintech.
The new bank, branded as Bankers Lender, is due for launch in April.
New-name wins are Bank of Burlington, RockPoint Bank, and Moultrie Bank & Trust.
Alex Kriete and Greg Girasole say more details will follow in the coming weeks.
Novel Capital allows entrepreneurs to leverage their recurring revenue to access non-dilutive capital.
Temasek, SoftBank Vision Fund 2 and Microsoft all contributed to the latest funding round.
Unbanked has attracted nearly $1.5 million from 1,500+ investors so far. The round closes on 26 April.
RCM-X is a technology provider of algorithmic execution strategies and quantitative trading products.
Rutter’s $27 million Series A funding round was led by Andreessen Horowitz.
Founded in 2017, Axonius has now raised a total of $395 million to date.
The round was led by the Healthcare of Ontario Pension Plan (HOOPP).
The funding comes after the fintech abandoned its planned IPO in January.
Curve launched in 2018 and has already spread to 31 markets across the globe.
Jones brings 17 years worth of management experience to the Detroit-based firm.
Capchase CEO says funding businesses “is not a one-size-fits-all approach anymore”.
New York-based Selfbook landed $15 million, while Austin-based Stellar raised $7 million.
The payments giant has also invested $30 million, alongside other investors, into Zeta.
The bank will deploy CSI’s NuPoint core banking platform.
IDS is expected to generate revenues worth approximately $15 million in 2022.
Branch claims its workforce payments platform revenue grew by more than 700% over the last year.
The announcement was made by the company’s interim president Kevin Ryan via an e-mail to affected staff.
Stax has grown 500% in the past three years and processed more than $23 billion in payments.
The deal is expected to close by the end of Q1 2022.
FLEX is a credit union core system processor based in Utah, US.
NCR says the deal will accelerate its push into open and international digital banking.
Climate fintech start-ups raised $1.2 billion in 2021, according to figures from CommerzVentures.
Payoneer will deploy ThetaRay’s Sonar solution from Q2 2022.
Based in Montreal, Quebec, the fintech offers business accounts for SMEs.
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