News by FinTech Collective

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Paysend raises £8.5 million

UK based money transfer platform raised £8.5m in Series B funding, of which £4.6m was raised on the Seedrs investment platform and £3.95m...

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Truework raises $12 million

San Francisco based provider of KYC solutions raised $12m in Series A funding led by Sequoia Capital.

“Equifax makes almost $1 billion in revenue a year by selling income and employment data to verifiers at banks and often without consumer...…

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Solana raises $20 million

San Francisco based provider of multi-threaded and fast blockchain solutions raised $20m in Series A funding led by Multicoin Capital....

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Gatsby raises $1.5 million

NYC based provider of a commission-free options platform raised $1.5m in Seed funding from SWS Venture Capital, Plug and Play Ventures,...

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MYbank to raise $871 million

China based online lending offshoot of Alibaba’s Ant Financial is seeking to raise $871m at a valuation of ~$3.5b in its first outside...

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FinFit raises $7 million

Virginia Beach, VA based provider of a financial wellness benefit platform raised $7m in Series B funding led by Galaxy Investment Partners.

Speaking about the investment round, David Kilby, President of FinFit, stated: “This investment is a testament to FinFit’s growth and...…

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Banco Inter raises R$1.3 billion

Brazil based provider of digital banking services raised R$1.3b (~$343m) in a share offering that included SoftBank as an investor.

The share offering comes 15 months after Banco Inter went public on the Sao Paulo stock exchange. Since then, it has grown at a breakneck...…

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Capital One database breached

In one of the largest thefts of data from a bank, a former Amazon engineer hacked Capital One and was able to access personal data of...

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Nubank raises $400 million

Brazil based provider of digital credit card services raised $400m in Series F funding led by TCV. The Wall Street Journal reports that...

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Drip Capital raises $25 million

Palo Alto, CA based provider of invoice financing to small and medium-sized exporters raised $25m in Series B funding led by Accel.

“Despite the fact that they’re reputable, credit-worthy businesses, over half of them still get turned down by banks for the capital they...…

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StashAway raises $12 million

Singapore based robo-advisor raised $12m in Series B funding round, led by Eight Roads Ventures.

After raising its Series A round in March 2018, StashAway entered its second market Malaysia. In Singapore, it is the first robo-advisor...…

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Digital Assets Data raises $3.2 million

NYC based provider of data feeds for the cryptoasset industry raised $3.2m in funding led by North Island.

Mike Alfred, co-founder and CEO of Digital Assets Data, told The Block that the funding will be utilized for hiring “a larger team” of...…

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Secfi raises $6 million

San Francisco based provider of loans against employee shares in startups has raised $6m in Series A funding, led by Rucker Park Capital.

"By interacting with so many individuals over the past year, we've grown to realize that most do not have access to the right advice on...…

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PayMate raises $25 million

Mumbai based payment automation platform for enterprises has raised $25m in Series D funding, securing commitments from Recruit Strategic...

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Homeward raises $4 million

Austin, Texas based financing platform for homebuyers has raised $4m in equity funding led by LiveOak Venture Partners and $21m in debt...

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VNPAY in talks to raise $300 million

Vietnamese payments startup is in talks to raise around $300m from a group that includes SoftBank Vision Fund and GIC

SoftBank’s Vision Fund has entered negotiations to invest up to $200m, as part of a $300m round, DealStreetAsia reported. It would...…

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Liquefy raises $2.6 million

Hong Kong based blockchain agnostic issuance platform for security tokens raised $2.6m in funding led by Ideanomics and NEO Global...

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Hippo Insurance raises $100 million

Palo Alto based insure tech startup redefining home insurance has raised $100m in Series D funding, led by Bond.

“We launched Hippo to transform the outdated and often frustrating relationship people have with their home insurance provider into one...…

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Gusto raises $200 million

Denver based provider of payroll and HR benefits software for SMBs has raised $200m in Series D funding, co-led by Fidelity and...

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FlipGive raises $5 million

Toronto based platform for youth sports teams across North America to raise money has raised $5m in Series A funding, led by Framework...

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Interswitch renews IPO plans

Nigeria based payments firm has renewed plans for an IPO, hiring JPMorgan, Citigroup, and Standard Bank to IPO later in 2019 valuing the...

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Atom Bank raises £50 million

UK based challenger bank has raised £50m from BBVA, Toscafund, Woodford Patient Capital Trust and funds advised by Perscitus, valuing the...

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Tidal Commerce raises $4 million

Illinois based provider of payment processing and merchant services raised $4m in strategic growth capital from Super G Capital.

“We average almost $1 billion in transaction volume annually and are currently servicing over a thousand merchants ranging from...…

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Robinhood raises $323 million

Menlo Park, CA based provider of free stock trading services raised $323m in Series E funding led by DST Global at a valuation of $7.6b.

Perhaps as a result of Robinhood's unique focus on offering advanced self-directed trading capabilities at no cost, the company has...…

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Ethic raises $13 million

New York City based provider of RIA services and tech-driven asset management raised $13m in Series A funding led by Nyca Partners.

“We’ve been really fortunate to benefit from a shift that has happened in the market separate from Ethic,” Jay Lipman, Ethic co-founder...…

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Zeta raises Series C

India based provider of a full stack neo-banking platform and enterprise payments solutions raised a Series C round from Sodexo Benefits...

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Aura raises $28.7 million

San Francisco based provider of a social bonds program, which enables banks and other financial institutions to invest in loans to...

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Chinese fintech platform 9F files for IPO

China based provider of digital consumer credit services in China through its loan marketplace plans to raise $150m from a US IPO.

Context: Fintech regulators have been cracking down on fraudulent activities and risky financial practices especially in the peer-to-peer...…

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"Safe" deposit boxes

A recent case of Wells Fargo mishandling the contents of a customer's safe deposit box, resulting in an estimated $10m of lost items,...

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Stackin' raises $4 million

Venice, CA based provider of text message-based financial management, investing, and savings services raised $4m according to an SEC...

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BriteCore raises $47.5 million

Springfield, Missouri based provider of software solutions for insurers raised $47.5m in growth capital led by Warburg Pincus.

“I am delighted to partner with Warburg Pincus as we continue to grow as a company,” said Phil Reynolds, BriteCore Founder and CEO. “Our...…

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Lendbuzz raises $150 million

Boston based provider of auto loans for expats and international students raised $150m in debt and equity funding - the debt led by BHI,...

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Curve raises $55 million

London based “over-the-top banking" platform raised $55m in Series B funding led by Gauss Ventures, which valued the company at $250m.

Curve is currently available in 31 countries across Europe, with around 30% of its customer base coming from outside the U.K. “We [have]...…

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Flybits raises $35 million

Toronto based provider a personalized customer experience platform for the financial sector, which aims to help customers pivot into the...

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Raisin raises €25 million

German based provider of a European marketplace for savings and investment products raised €25m in funding from Goldman Sachs, which tops...

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Finix raises $17.5 million

San Francisco based provider of payments infrastructure, helping companies manage and monetize payments by becoming their own payment...

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Altonomy raises $7 million

Singapore based cryptocurrency trading desk raised $7m in Series Seed financing led by Polychain Capital.

“As a liquidity provider for altcoins, more funding will allow us to have more inventory, taking larger exposure and managing risk more...…

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Billie raises €30 million

Berlin based B2B invoicing and payments platform raised €30m of Series B funding, led by Creandum.

“As B2B transactions are more than twice the volume of B2C transactions, the potential to help our customers is enormous. And, up to now,...…

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AlphaSense raises $50 million

New York City based provider of an AI-based search engine for market intelligence raised $50m in Series B funding led by Innovation...

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Solvent raises $850,000

Annapolis, Maryland based provider of KYC solutions tailored to the cannabis industry, with a focus on increasing the transparency of...

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Haus raises $7.1 million

San Francisco based co-investment platform for home ownership raised $7.1 in Series Seed financing led by Montage Ventures.

“The current real estate model has been broken for a long time,” Montage Ventures partner Matt Murphy said in a statement. “Homeownership...…

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VertoFX raises $2.1 million

London based provider of a currency trading and payments platform, focused on Africa and emerging markets, raised $2.1m in Series Seed...

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nCino acquires Visible Equity

North Carolina based provider of cloud banking software announced it has acquired Visible Equity, a Salt Lake City based provider of...

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SumUp secures €330 million

London based provider of mobile point-of-sale solutions has secured a €330m loan, backed by Bain Capital Credit and Goldman Sachs Private...

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TransferWise adds to its board

UK based money transfer startup TransferWise announced two new board members: David Wells, former CFO of Netflix, and Ingo Uytdehaage,...

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Cryptocurrency to the Rescue

Members of Congress this week lashed Facebook over its plans to create a new cryptocurrency that ostensibly aims to serve low-income...

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Icertis raises $115 million

Washington based startup that develops cloud-based software to help large companies manage contracts raised $115m of Series E funding (at...

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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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