News by FinTech Collective

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UK challenger bank Monzo raises £19.5M with another £2.5M in crowdfunding planned

Monzo raised £13M from Thrive Capital, £5 M from Passion Capital, and £1.5M from Orange Digital Ventures, the venture arm of telco Orange.

The new combined funding, which will bring total raised to £35 million, will be used by Monzo as it readies for a full bank launch later...…

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Big banks declare war on Venmo

Nineteen banks, including BofA, Chase, Citi, and Wells, have teamed up to roll-out and support Zelle, a peer-to-peer payment app that...

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TransferWise launches Facebook Messenger bot

The international money transfer service will let users use the popular social media messaging service to send money and create alerts. 

“Our mission at TransferWise is to bring faster, cheaper, and more convenient international money transfers to everyone in the world,”...…

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Grab to acquire Kudo

Singapore based ride sharing app Grab is set to announce its acquisition of Indonesia based online payment app Kudo in Grab's first major...

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Zenefits Cuts Nearly Half of Staff

The weakened health-benefits broker’s will now have 500 employees which is roughly 70% of the 1,600 employees it had in September 2015.

Mr. Fulcher was named CEO on Monday, the third person to lead Zenefits since early 2016. He replaced David Sacks, who took over as CEO a...…

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Blooom raises $9.15M, surpasses $500M in AUM

Kansas based robo advisor has raised $9.2m in Series B financing from QED, Commerce Ventures, Allianz, and other strategic investors.  

"Early in Blooom's funding round, KCRise Fund and Blooom saw in each other the combined value we bring to KC," Darcy Howe, managing...…

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Atom Bank raises £100m

Durham, UK based app-only bank Atom Bank has raised £100m in equity financing from previous investors including Toscafund and BBVA. Atom...

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