News by FinTech Collective

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CVS Makes Blockbuster Aetna Bid

CVS is in discussions to buy Aetna for $66b following a report that Amazon has received a pharmacy-wholesaler licenses in a dozen states....

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Verrency announces Series A and global expansion

Australia based payments platform Verrency has announced a $15m Series A from an undisclosed investor.  

The Series A funding enables the company to capitalise on its successful growth and further expand international operations....…

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Banco Sabadell and Investec lead £1.5 million round in Bud

UK based financial aggregation platform Bud has raised a 1.5m pound Series A led by Banco Sabadell and Investec

The fresh funding for the two-year old startup comes off the back of a recent agreement with HSBC in which 2000 customers of the bank's...…

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Credit Sesame rakes in over $42 mln

San Francisco based financial wellness company Credit Sesame has raised a $42m funding round led by Menlo Ventures and Inventus Capital.

Launched in 2011, Credit Sesame has attracted over 12 million members. The mobile and web solution provides consumers with tools to build...…

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SBI leads $2 million round in Jirnexu

Malaysia based full-stack financial services startup Jirnexu has raised a $2m Pre-Series B led by SBI Group.

Yuen Tuck Siew, CEO of Jirnexu said, “Since closing our Series A in March 2017, Jirnexu has continued to dominate the market, with our...…

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Uber introduces a credit card

Uber has announced the launch of a credit card in partnership with Barclays and Visa.  Unique features include the ability to apply...

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Jiko raises $7.7 million for debit card with cash back

Oakland based debit card banking startup Jiko has raised a $7.7m Series A led by Upfront Ventures and Social Capital.

Jiko calls itself a “personal bank,” although it operates differently than a traditional bank account. It’s not an FDIC-insured bank....…

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First Data to Acquire BluePay

First Data will purchase merchant payment processing company BluePay holdings, adding $19b of annual volume and more than 77,000...

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Finova Financial Secures $102.5M in Funding

Florida based digital alternative banking platform Finova Financial has raised a $102.5m equity and credit funding round led by CoVenture.

he company intends to use the funds to continue expansion of its digital financial services products. Led by Gregory Keough, CEO,...…

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LendingHome Raises $57M in Series C-2 Funding

San Francisco based mortgage marketplace lender LendingHome raised a $57m Series C-2 round led by Sberbank and Noah Holdings.

The company also announced the close of the LendingHome Opportunity Fund II with $100 million in commitments from more than 40 investors...…

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This NYC Startup Raised $11.7M to Take The Apartment Renting Process Out of the Stone Age

New York based rental lease guarantee provider TheGuarantors has raised a $11.7m Series A led by White Star Capital and Alven Capital.

What market you are targeting and how big is it? We’re targeting several segments of the U.S. property and casualty insurance and...…

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Cryptocurrency Hedge Funds Top 100 for First Time

Of the 110 funds, 84 were launched in 2017, 11 in 2016 and the remainder previously. Assets across the 110 funds rose to $2.2B

A rise from 55 funds at Aug. 29 to 110 funds at Oct. 18 comes as investors pile into the high-performing cryptocurrency market, which has...…

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BlueVine takes in $130 mln

California based small business lender BlueVine has raised a $130m debt financing led by SIlicon Valley Bank and SunTrust Bank.

Including the latest investments, BlueVine, which was founded in 2013, has raised $273 million in funding, including $68 million in...…

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Amenity Analytics gathers $7.6 mln Series A

New York based text analytics platform provider   Amenity Analytics has raised a $7.6m Series A led by Intel Capital.

Amenity Analytics was co-founded in 2015 by finance industry veteran Nathaniel Storch, experienced technology executive Hedva Feldman and...…

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Amid Brazil’s persistent economic crisis, fintech startup GuiaBolso raises $39 million

Sao Paulo based personal finance platform GuiaBolso has raised a $39m Series D led by Vostok Emerging Finance.

Readers outside of Brazil can think of the company as a combination of U.S. services like Mint, Credit Karma and Lending Club, all rolled...…

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The Crypto World’s Fake Advisers

“Adviser” is being used too loosely by folks launching ICOs, in some cases adding people with no connection to the firm.

According to its website, Smartlands is a Cyprus-registered startup with a team that includes a variety of people from different parts of...…

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Five ways banks are using blockchain

Portfolio company Axoni gets some airtime in The FT this week as the newspaper digs into the 5 ways banks are are using blockchain.

In the US, DTCC is working with IBM, R3 and Axoni to shift post-trade clearing of single-name credit default swaps on to a blockchain...…

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Insurtech CoverWallet Secures $18.5 Million to Expand Small Business Insurance Platform

New York based digital business insurance agency CoverWallet raised an $18.5m Series B led by Foundation Capital.

Inaki Berenguer, co-founder and CEO of CoverWallet, welcomed Foundation Capital and Moldow to the company. “They share our assessment of...…

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Featurespace Raises £16.5m in Funding

Cambridge based machine-learning driven fraud prevention startup Featurespace has raised a £16.5m funding round led by Highland Europe

Led by Martina King, CEO, Featurespace Featurespace is an Adaptive Behavioural Analytics company that is addressing the fraud detection...…

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Can you really get the best deal from a robo mortgage broker?

The FT explores why some of the new simplified online mortgage brokers might not offer the best deal to a consumer. 

Banks such as Santander and NatWest and online brokers including Habito and Trussle are making strides in bringing what has been hitherto...…

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MoneyLion: saving money with AR

Great interview of MoneyLion CEO, Dee Choubey, set of the NYSE about how MoneyLion is bringing better borrowing and savings to the...

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HYPR raises $8 million to prevent another Equifax hack

New York based biometric security startup HYPR raised an $8m Series A round led by RRE Ventures.  

George Avetisov, CEO of HYPR, said that its clients include Fortune 500 companies across a variety of sectors, ranging from automotive...…

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Stockpile Raises $30M in Series B Funding

Palo Alto based fractional share stock investing brokerage Stockpile raised $45m led by Fidelity.

Led by Avi Lele, founder and CEO, Stockpile allows customers to download the iPhone or Android app or visit stockpile.com to open a free...…

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SalaryFinance closes £40 million investment round

UK based employee benefits and financial wellness startup SalaryFinance has raised a £40m venture financing led by Legal & General.

Enabled by this funding, SalaryFinance has launched its Financial Wellbeing Hub, the most comprehensive suite of financial education,...…

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Sumeru Leads $45M Growth Equity Round in Treasury Fintech Kyriba

New York based SaaS corporate treasury and financial management provider Kyriva has raised a $45m Series D led by Sumeru Equity Partners.

Founded in 2000 as a spin-out from the French financial supplier XRT, Kyriba moved its headquarters to San Diego in 2003 with the arrival...…

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Worldpay joins £16.5 million funding round in Featurespace

UK based fraud prevention startup Featurespace raised a $21.6 million venture financing led by Highland Europe.

Featurespace’s real-time, ARIC™ platform uses Adaptive Behavioural Analytics to detect anomalies in individual behaviour for fraud and...…

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