News by FinTech Collective

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Blend raises $130 million

San Francisco based digital lending platform has raised $130m in Series E funding, co-led by Temasek and General Atlantic.

"Blend's technology platform is driving an evolution in how lenders do business and interact with their clients," said Paul Stamas,...…

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Monzo raises £113 million

United Kingdom based digital, mobile-only "challenger bank" raised £113m in Series F funding, led by Y Combinator's Continuity Fund.

Monzo’s new funding round and YC’s backing should be viewed within the context of not only fast growth and increasingly convincing...…

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KoinWorks raises $12 million

Indonesia based startup that helps SMEs secure financial services through its online P2P platform, has raised $12m in Series B funding,...

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MX raises $100 million

Utah based provider of data services for banks, credit unions, and fintechs raised $100m in Series B funding led by Battery Ventures.

Banks, credit unions and fintech companies are experiencing upwards of 4X growth in digital engagement; 5X increase in deposits growth...…

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MainVest raises $3 million

Salem, MA based provider of an investment marketplace empowering local businesses to access capital from investors in their community...

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CarIQ raises $5 million

San Francisco based provider of software that will enable vehicles to autonomously connect to a bank’s payment network, validate, and pay...

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WeGift raises £4 million

United Kingdom based provider of e-gift card and digital reward issuance software raised £4m in Series A funding led by Stride.VC.

“Currently payments are a one way street,” WeGift founder and CEO Aron Alexander tells TechCrunch. “Payments technology is built to...…

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Creative Group raises €22 million

Amsterdam based provider of prepaid credit that can be digitally bought or sold raised €22m in funding from Prime Ventures.

Founded in 2010, Creative Group enables customers to digitally buy or send prepaid credit to spend with their favorite brands, as well as...…

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Japan's lending sector is growing

New fintech companies are transforming Japan's lending sector. AI and other new technologies have eased the loan process, which has made...

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PayFit raises $79 million

France based payroll and human resource management startup has raised $79m in additional funding, led by Eurazeo and Bpifrance. 

Firmin Zocchetto, CEO and co-founder of PayFit, comments: “This is certainly PayFit’s biggest challenge: recruiting the right people at...…

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PeopleFund raises $35 million

South Korea based peer-to-peer lending startup has raised $35m as an extension to its series B financing round, led by Lending Ark Asia...

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Payveris raises $7 million

Cromwell, Connecticut based provider of digital money movement technology to financial institutions has raised $7m in Series D funding,...

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Tally raises $50 million

San Francisco-based startup seeking to automate the financial services of consumers at low cost has raised $50m in Series C funding, led...

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Zego raises $42 million

London based insuretech startup has raised $42m in Series B funding, led by Target Global.

Sten Saar, CEO and co-founder of Zego, said: “When we built Zego from scratch three years ago, our mission was to transform the insurance...…

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Token raises $16.5m

San Francisco and London based provider of open-banking data aggregation and payment execution has raised $16.5m in funding, led by Opera...

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Owlin raises $3.5 million

Amsterdam based text and news analytics platform has raised $3.5m of Series A funding, led by Velocity Capital. 

“We started with delivering news signals to dealing room environments with our platform,” Owlin co-founder and CEO Sjoerd Leemhuis...…

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Synapse raises $33 million

San Francisco-based provider of financial tech solutions to the banking industry has raised $33m in Series B funding, led by Andreessen...

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Immedis raises €25 million

Dublin based provider of payroll and employment tax software has raised €25m in strategic funding, led by Scottish Equity Partners.

“Immedis has a fantastic record of growth to date, the leading cloud-based global payroll platform in iConnect, and an exceptional track...…

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Alkami Technology raises $55 million

Plano, TX based provider of digital banking solutions has raised $55m in Series E funding, led by General Atlantic and MissionOG.

Mike Hansen, CEO and Alkami Director said, "In a few months we will celebrate our tenth anniversary. We are very honored and excited...…

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SpotOn raises $40 million

San Francisco based provider of payment processing with customer engagement tools has raised $40m in funding, led by Franklin Templeton.

“Small- and medium-sized businesses are starved for solutions to help them grow and function,” said Co-Founder Matt Hyman. “SpotOn is...…

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Addi raises $12.6 million

Bogotá based provider of POS credit and banking solutions has raised $12.6m in Series A funding, led by Andreessen Horowitz. 

"Since we launched on February 22nd, we have grown our merchant partners from a single partner at launch to over 25 today, and our...…

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Pryon raises $20 million

Raleigh based AI company delivering augmented intelligence for the enterprise has raised $20m in Series A financing, led by Revolution's...

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Bux raises $12.5 million

Amsterdam based trading app that wants to make investing fun has raised an additional $12.5m in funding, led by Velocity Capital and...

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Sunbit raises $26 million

Los Angeles based point-of-sale lender has raised $26m in Series B funding, led by Zeev Ventures. 

"In an industry crowded with e-commerce and moonshot solutions, it was refreshing to find a company innovating on the simple but...…

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Helium raises $15 million

San Francisco based developer of a P2P wireless network has raised $15m in Series C funding, co-led by Union Square Ventures and...

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Sure raises $12.5 million

New York based on-demand insurance provider has raised $12.5m in Series B funding, led by W.R. Berkley Corp.

“Sure powers insurance programs for carriers and global consumer brands through our focus on creating innovative insurance experiences...…

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The Surprising Way Startups Are Disrupting the Life-Insurance Business

As the WSJ reports - ‘Insuretech’ companies have found it makes more sense to collaborate with old-line insurers, rather than replace them.

But as insuretech ventures, as they are collectively known, have raked in growing sums of investment over the past couple of years, a...…

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WorldRemit raises $175 million

London based money transfer startup has raised $175m of Series D funding at $900m+ valuation, led by TCV, Accel and Leapfrog Investments.

“For more than eight years our core purpose has been and continues to be to help migrants send money to their families, friends and...…

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Getsafe raises $17 million

Heidelberg based insuretech startup targeting millennials has raised $17m (€15m) in Series A funding, led by Earlybird. 

Getsafe says it is “reinventing insurance”, using AI to help customers identify the insurance protection they might need. “With a few...…

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TrueLayer raises $35 million

London based open-banking platform has raised $35m of funding, led by Tencent and Singaporean sovereign wealth fund Temasek. 

“We believe that PSD2 will be a once-in-a-lifetime opportunity for startups to displace incumbent banks and financial service providers,”...…

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Biz2Credit raises $52 million

New York based online lending platform has raised $52m of Series B funding, led by WestBridge Capital. 

“In a market filled with online lending solutions, Biz2X is a truly differentiated platform to automate banks’ business and commercial...…

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SEC sues Kik over $100M ICO

The SEC has filed a lawsuit accusing the social media startup of conducting an illegal securities offering, in the latest step in the...

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Possible Finance raises $10.5 million

Seattle based subprime consumer lending startup has raised $10.5 million in venture funding, led by Canvas Ventures.

Rebecca Lynn, managing partner with Canvas Ventures, said that the two-year-old outfit is doing what she “thought was impossible.” She...…

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Halo Investing raises $12 million

Chicago based platform that provides structured note investments has raised $12m in Series B funding, led by Allianz Life Ventures.

Founded in 2015, the company was previously valued at $41 million after a $6 million Series A in 2017.

Synapse raises $33 million

San Francisco-based developer of APIs for financial services has raised $33m in Series B funding, led by Andreessen Horowitz.

“[We want to] ensure that everyone around the world has access to best-in-class financial products, regardless of their net worth,” wrote...…

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Crowdz raises $5.5 million

San Jose based trade finance startup has raised $5.5m in Series A funding, co-led by Barclays and Bold Capital Partners.

“While companies of all sizes can benefit greatly from our global Invoice Exchange, we founded Crowdz with the goal of ensuring that all...…

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Tink raises $11.2 million

Stockholm based open banking platform has raised $11.2m from PayPal.

“Open banking is transforming financial services, allowing customers to more easily move and manage their money. Tink has developed the...…

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