News by FinTech Collective

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Remitly raises $220 million

Seattle based provider of mobile remittance services raised $220m in Series E funding, comprised of $135m in equity investment led by...

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Creditas raises $231 million

Brazil based provider of a digital platform offering secured consumer loans raised $231m in Series D funding led by SoftBank.

The proceeds of the SoftBank investment will be used to expand Creditas’ product portfolio, improve its technology and increase...…

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OPay raises $50 million

Lagos, Nigeria based provider of mobile payment services, which was founded by the Norwegian browser company Opera, raised $50m in...

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Bolt raises $68 million

San Francisco based provider of a streamlined online checkout platform for small businesses raised $68m in Series B funding co-led by...

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Fawry preparing for IPO

Egypt based provider of digital payment services announced plans for an upcoming IPO on the Egyptian Exchange, looking to raise $150m.

Fawry, owned by local and foreign investment banks, was founded in 2009. It also operates in the banking technology field and provides...…

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SunTrust to stop financing private U.S. prison operators

The bank becomes the latest lender to distance itself from a sector associated with the Trump administration’s policies.

SunTrust is one of several banks that have underwritten bonds or syndicated loans for at least one of the major private U.S. prison...…

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Tezos scores billion dollar STO deal with South American investment bank

BTG Pactual - South America's third-largest investment bank - is jumping onto the Tezos Blockchain to launch its security-token offerings.

Last February, BTG Pactual became the first major investment bank to officially launch a Security Token Offering (STO) with ReiBZ, which...…

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$32 Million Swiped From Cryptocurrency Exchange in Latest Hack

The exchange, which is owned by Remixpoint, said about 2.5 billion yen of stolen funds belonged to customers, while Bitpoint owned the rest.

The funds were stolen from a hot wallet that contained five cryptocurrencies including Bitcoin and Bitcoin Cash. It said it hasn’t...…

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$32 Million Swiped From Cryptocurrency Exchange in Latest Hack

The exchange, which is owned by Remixpoint, said about 2.5 billion yen of stolen funds belonged to customers, while Bitpoint owned the rest.

The funds were stolen from a hot wallet that contained five cryptocurrencies including Bitcoin and Bitcoin Cash. It said it hasn’t...…

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Revolut to open Berlin tech hub

Revolut, U.K. based provider of banking and transfer services, announced its plans to open a new hub in Berlin. The move will improve...

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Lulalend raises $6.5 million

South Africa based provider of short-term loans to small and medium sized businesses raised $6.5m in Series A financing co-led by IFC and...

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Qover raises €8 million

Belgium based provider of digital insurance raised €8m in funding led by Alven and Portag3 Ventures.

“We operate at the crossroads of technology and insurance and it’s our mission to be the partner of choice of every business looking for...…

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Clause raises $5.5 million

New York based provider of digital contract management solutions raised $5.5m in Series A funding led by Galaxy Digital.

Founded in 2016, Clause offers blockchain-based solutions to facilitate the creation, storage and maintenance of digital contracts for...…

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Open raises $30 million

Bangalore based startup that operates a “neo-bank” to help businesses automate and run their finances, has raised $30m in Series B...

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Kyash raises $14 million

Japan based provider of a payment app offering connected Visa cards, with the goal of becoming Japan's first challenger bank, raised $14m...

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Soldo raises $61 million

United Kingdom based provider of multi-user spending accounts for businesses raised $61m in Series B funding co-led by Battery Ventures...

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Sensibill raises $31.5 million

Toronto based provider of software used to scan and digitize physical receipts raised $31.5m in Series B funding led by Radical Ventures.

“This is a classic story of an under-the-radar company from Toronto with fantastic data-driven, customer-facing AI solutions being used...…

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Banks not rushing to Libra

It has been 3 weeks since Facebook announced plans for the new Libra cryptocurrency, and banks have not yet publicly bought in. Reasons...

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NiYo Solutions raises $35 million

Bangalore, India based neo-bank raised $35m in Series B funding led by Horizons Ventures, Tencent, and JS Capital.

NiYO Solutions serves as a ‘neo-bank’ that relies on traditional financial institutions (Yes Bank and DCB banks, in its case) and offers...…

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Jacobi raises A$7.7 million

Australia based provider of a platform that helps institutional investors with asset risk management, modelling, and analytics raised...

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