News by FinTech Collective

Contributors

Fintechs founded by women are better investments, KPMG finds

KPMG surveyed 91 financial-technology companies in the U.K., including nine where at least one founder was a woman.

“While the number of female founders or co-founders is low, the fact that they typically achieve a higher rate of return is a clear vote...…

Read More…

Swiss Fintech Startup Becomes a $1 Billion Unicorn

Zurich based banking startup has raised a $40m equity financing at a valuation over $1b from unnamed investors.

A Zurich-based fintech firm whose investors include Josef Ackermann has raised additional money to value the company at more than $1...…

Read More…

Tala, A Digital Lending Startup, Raises $110M, Eyes India For Expansion

Santa Monica based smartphone digital lending company for emerging markets has raised $110m in a Series D round led by RPS. 

On it’s website, Tala claims that “anyone with an Android smartphone can apply for a loan and receive an instant decision, regardless of...…

Read More…

Coinmine raises $2.5 million

Los Angeles based provider of crypto mining hardware and software raised $2.5m in Seed funding led by M13 Ventures.

The company plans to hire engineers with the capital. This team will build new features and expand the option to mine more...…

Read More…

Investment bank job cuts near 30,000 as outlook sours

Almost 30,000 lay-offs have been announced since April at banks including HSBC, Barclays, Société Générale, Citigroup and Deutsche Bank.

Bank executives are under pressure from investors to cut costs and protect profits. Since long-term US interest rates began to fall in...…

Read More…

Flatfair raises $11 million

London based provider of a platform for landlords to offer "deposit-free" renting to tenants raised $11m in Series A funding led by Index...

Read More…

Delio raises £3.3 million

UK based provider of technology that helps global financial institutions manage private asset offerings raised £3.3m in funding led by...

Read More…

QFPay raises $20 million

China based provider of mobile payment services raised $20m in funding led by Sequoia Capital China and Matrix Partners.

QFPay is the largest global partner of WeChat Pay and Alipay, enabling them to process payments to merchants around the world. Founded...…

Read More…

LendInvest raises £200 million

London based provider of an online marketplace for property finance raised £200m from National Australia Bank.

This new funding expands LendInvest’s capacity to lend in the ‘Buy-to-Let’ market in the UK, as underscored by co-founder and CEO,...…

Read More…

"Buy now, pay later" on the rise

Fintech firms enabling "buy now, pay later" services are on the rise, highlighted by Klarna's recent $5.5b valuation. Clever marketing...

Read More…

Joust Labs raises $2.6 million

Austin, TX based financial services platform for freelancers and entrepreneurs raised $2.6m in Seed funding led by PTB Ventures.

Led by Lamine Zarrad, founder and CEO, Joust allows freelancers, sole proprietors, and small and midsized businesses in the United States...…

Read More…

Rupeek raises $30 million

India based provider of an online marketplace for gold loans raised $30m in funding led by Bertelsmann India Investments.

Rupeek claims it is currently disbursing gold loans at an annual run rate of more than $150 million and is growing 20 percent...…

Read More…

Kik Interactive fights back

The SEC alleges that Kik's $100m token sale was illegal, but Kik this week filed a lawsuit against the SEC alleging the SEC is “twisting”...

Read More…

Can Klarna break the mold?

Many of Sweden's most successful startups are now headquartered outside of Sweden or have been acquired by foreign companies. So can or...

Read More…

Lendingkart raises $30m

India based provider of working capital to micro, small and medium-sized enterprises raised $30m in Series D funding from Fullerton...

Read More…

Ramp Financial raises $7 million

New York based provider of a corporate charge card tailored for startups raised $7m at a pre-money valuation of $25m from Founders Fund,...

Read More…

Viva Republica raises $64 million

South Korea based provider of Toss, a simple and frictionless P2P money transfer service, raised $64m in funding led by Aspex Management,...

Read More…

ScaleFactor raises $60 million

Austin, Texas based provider of accounting automation software for SMEs raised $60m in Series C funding led by Coatue Management.

The six-year-old company is growing rapidly and says it needs the capital to keep up with demand. Evidence of that growth can be seen in...…

Read More…

SafetyWing raises $3.5 million

Norway based provider of medical insurance for gig-economy workers working outside of their "home country" raised $3.5 in Seed funding...

Read More…

FinMkt raises $5 million

New York City based provider of technology and infrastructure for the online lending industry raised $5m in Series B funding led by...

Read More…

C2FO raises $200 million

Kansas City, Missouri based provider of a marketplace for working capital raised $200m led by the SoftBank Vision Fund.

“We invested in C2FO because we think their disruptive innovation offers a solution to an industry that has traditionally lacked...…

Read More…

Morty raises $8.5 million

New York City based online mortgage broker raised $8.5m in Series A funding led by Prudence Holdings.

[Morty co-founder Nora] Apsel said that “As well as having a digital platform that automatically verifies and underwrites people so that...…

Read More…

Eftsure raises $2.5 million

Australia based provider of protection against payment fraud in the B2B sector raised $2.5m in funding led by Our Innovation Fund.

Co-founder and CEO Mike Kontorovich says: “Cybercrime targeted at businesses is fuelled by a perfect storm of e-mail usage, social...…

Read More…

ePayRails raises $2.45 million

Jacksonville, FL based provider of B2B payments as a service raised $2.45m in Series A funding led by Aspire Fund Management.

Kerwyn Valley, Managing Director at Aspire Funds, also commented: “We are excited to expand our reach and portfolio profile through...…

Read More…

Moneylion #22 car places first

At the NASCAR Xfinity Series race at Watkins Glen International this past Saturday (August 3rd), driver Austin Cindric guided his...

Read More…

KKR acquiring Heidelpay

Germany based provider of online and mobile payment processing services has agreed to sell a majority stake to KKR for more than €600m.

“We see enormous growth potential both organically and through M&A across Europe,” said KKR’s Daniel Knottenbelt. “We will draw on our...…

Read More…

Brubank sells 15% stake

Argentina based digital bank Brubank sold 15% of the company to Canadian billionaire David Thomson. Brubank will use the funds to...

Read More…

FTX raises $8 million

San Francisco based provider of a cryptocurrency derivatives exchange and trading platform raised $8m from Proof of Capital, Consensus...

Read More…

Ibotta valued at $1 billion

Denver, Colorado based provider of cashback and rebates for in-store and mobile purchases raised a Series D round led by Koch Disruptive...

Read More…

Dough raises $20 million

Chicago based commission-free broker raised $20m from Tastytrade, Inc., and will operate as a wholly owned subsidiary of Tastytrade.

With the backing of tastytrade, Dough has the fintech expertise of tastytrade’s co-CEOs Tom Sosnoff and Kristi Ross. Last summer,...…

Read More…

Klarna raises $460 million

Swedish based provider of payments solutions raised $460m, at a post-money valuation of $5.5b, led by Dragoneer Investment Group.

Klarna’s European presence is strong, based on the back of its credit card-alternative payment method, which allows customers to pay over...…

Read More…

BlockFi raises $18.3 million

New York City based cryptocurrency lender raised $18.3m in Series A funding led by Valar Ventures.

According to the report, BlockFi was the first company to receive institutional funding for crypto-based loans in United States dollars,...…

Read More…

Indifi raises $21 million

India based provider of loans to small and medium-sized businesses, as well as an online lending marketplace, raised $21m in Series C...

Read More…

Penta raises €8 million

Germany based provider of a digital platform for business banking to SMEs raised €8m in funding led by HV Holtzbrinck Ventures. The new...

Read More…

FNA raises $5.5 million

UK based provider of regtech services to map and monitor risks raised $5.5m in Series A funding led by IQ Capital.

“FNA set out to make the global financial system safer and more efficient through better, data driven, understanding of the...…

Read More…

Aspire raises $32.5 million

Singapore based provider of online lending to SMEs raised $32.5m in Series A funding led by MassMutual Ventures Southeast Asia. 

Co-founder and CEO Andrea Baronchelli tells TechCrunch that about 1,000 business accounts are opened each month on Aspire and that the...…

Read More…

As a free user, you can follow Passle and like posts.

To repost this post to your own Passle blog, you will need to upgrade your account.

For plans and pricing, please contact our sales team at sales@passle.net

Sorry, you don't have permission to repost or create posts.

Repost successful!

View the repost

Repost successful!

Your repost is currently a draft. Review your repost and request approval.

Something went wrong whilst reposting - please try again.

Sorry - this is not an option. This post already exists in the Passle you have selected.

Try reposting to another Passle.