News by FinTech Collective

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Wise raises $12m in Series A funding

San Mateo based embedded banking startup raised $12 million in Series A funding led by E.ventures.

"We built banking so our partners don't have to," said Arjun Thyagarajan, Co-Founder and CEO at Wise. "By embedding banking, Wise unlocks...…

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Tomo Networks rasies $40m in Seed funding

Stamford based mortgage and transaction company raised $40m in Seed funding led by Ribbit Capital, NFX and Zigg Capital.

"Buying a home is a lousy experience. Despite years of tech companies focusing on real estate, the overall process has not changed...…

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Keyrock raises €4.3m in new funding

Brussels based digital asset market maker raised €4.3m in new funding led by SIX Fintech Ventures and MiddleGame Ventures.

Kevin de Patoul, Keyrock CEO and co-founder, says: “Welcoming SIX Fintech Ventures and MiddleGame Ventures as investors is the ideal...…

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RealBlocks raises $7m in Series A funding

New York based tech platform for alternative investment access raised $7m in Series A funding led by Crosslink Capital.

“We are thankful for the ongoing support of our existing investors and excited to now be working with Crosslink Capital who has a great...…

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Fabric raises $18m in Series B funding

New York based family finance planning startup raised $18m in Series B funding led by CNO Financial Group.

"Now more than ever, it's critical that parents have the online tools they need to protect their family's future, without leaving their...…

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Jiko raises $33m in Series A funding and becomes the first fintech firm to complete the acquisition of a nationally-regulated U.S. bank

Berkeley based trading and money management platform raised $33m in Series A funding led by Upfront Ventures and Wafra.

“The move by Jiko represents an important milestone in the maturity and evolution of fintech companies seeking to expand the reach of...…

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Finmark raises $5m in Seed funding

Raleigh based financial modeling software provider for startups raised $5m in Seed funding led by IDEA Fund Partners.

“As a now three-time startup founder, I’ve seen firsthand how complex and time-consuming financial modeling and planning can be,” said...…

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Bluefin raises $25m in growth funding

Atlanta based provider of payment and data security services raised $25m in gorwth funding led by Macquarie.

“The average global cost of a data breach in 2019 was $3.86 million, with that number quickly rising to $8.64 million for US companies,”...…

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Lunar raises $47m in Series C funding

Denmark based challenger bank raised $47m of Series C funding from Chr. Augustinus Fabriker, Klaus Oestergaard and Alan Howard.

Lunar Business went live in Denmark first. In the first months of launch, Lunar claims it signed more than half of Denmark’s newly...…

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DriveWealth raises $56.7m in Series C funding

New Jersey based global digital trading technology company raised $56.7m in Series C funding led by Point72 Ventures. 

DriveWealth currently works with a number of fintechs including Hatch, Revolut, Stake, and Moneylion to offer access to the U.S. equities...…

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Latam fintech investment turns virtual – mostly

Portfolio company Oyster's CEO - Vilash Poovala - shares thoughts on fundraising in Latin America during the Covid pandemic.

Latin American fintechs raised US $ 525M (US $ 249.3M in equity and US $ 275.7M in debt) in 74 deals in the first half of 2020, according...…

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Lili raises $15m in Series A funding

New York based banking app for freelancers raised $15m in Series A funding led by Group 11.

Bar David predicted that the recent growth of the freelance economy won’t simply disappear once the pandemic is over, because workers are...…

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Welcome Homes raises $5.35m in Seed funding

New York based online home building, customization and purchasing platform raised $5.35m in Seed funding led by Global Founders Capital.

Led by CEO and Founder Alec Hartman, Welcome Homes is an online only residential real estate platform that enables users to buy and move...…

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Pulley raises $10m in Series A funding

San Francisco based platform for startup founders and employees to track their equity raised $10m in Series A funding led by Stripe.

“Traditionally, a company might go public within a few years, but now companies are waiting 10 years, and the valuation is bigger and the...…

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Silverflow raises €2.6m in Seed funding

Netherlands based payment processing startup raised €2.6m in Seed funding led by Crane Venture Partners and Inkef Capital.

“The payments tech stack needs an upgrade,” Kraal tells me. “Today’s card payment infrastructure based on 30 to 40-year-old technology is...…

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Kettle raises $4.7m in Seed funding

San Francisco based reinsurance startup focused on climate change risk raised $4.7m in Seed funding led by True Ventures.

“Of the 14 largest fires in California this year, which together have burned 3.5 million acres, our model has predicted 11 of these to be...…

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Klar raises $15m in Series A funding

Mexico City based online challenger bank raised $15m in Series A funding led by Prosus Ventures.

“Prosus Ventures partners with entrepreneurs that are solving big societal problems with technology, in a uniquely local way. We invest...…

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Possible raises $11m in Series B funding

Seattle based fintech company focused on small personal loans raised $11m in Series B funding led by Union Square Ventures.

Huang said the pandemic has affected customers and the business in unpredictable ways. It implemented a hardship program for customers...…

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Zest AI raises $15m in new funding

Los Angeles based provider of credit underwriting software raised $15m in new funding led by Insight Partners. 

The idea behind Zest AI is to apply better math to credit underwriting. Most financial institutions are using math developed in the...…

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Silent Eight raises $7.5m in new funding

Singapore based company seeking to prevent money laundering and terrorism financing raised $7.5m in new funding led by OTB Ventures.

Martin Markiewicz, Founder and CEO at Silent Eight said: “Every bank and every financial institution aims to provide a bespoke customer...…

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Alpaca raises $10m in Series A funding

San Mateo based API-powered commission-free equities trading service raised $10m in Series A funding led by Portag3.

To accomplish its aspirational goal, the startup needs more folks to build more things. Similar to many startups, Alpaca has gone fully...…

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Fivestars raises $52.5m in Series D funding

San Francisco based small business payments and marketing startup raises $52.5m in Series D funding led by Salt Partners. 

The company has seen “record usage” during the pandemic, with 1 million new shoppers joining the network every month. At the same time,...…

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Finexio raises $23m in new funding

Orlando based AP payments as-a-service platform raised $23m in new funding led by Medalist Partners.

"This funding round represents a critical milestone for Finexio, enabling us to leverage our innovative payments platform to reach more...…

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M1 Finance raises $45m in Series C funding

Chicago based automated money management platform raised $45m in Series C funding led by Left Lane Capital.

The startup combines three different traditional fintech services into one (roboadvising, neobanking and lending), allowing it to price...…

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Casai raises $23m in Series A funding

Mexico City based "smart apartment" startup raised $23m in Series A funding led by a16z. 

"We want to embed our guests in the culture that makes the travel experience magical while also helping the local economy,” said Nico...…

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Kasa Living raises $30m in Series B funding

San Francisco based flexible accommodations startup raised $30m in Series B funding led by Ribbit Capital.

“We see a generational opportunity to innovate in a beleaguered travel sector. Kasa aspires to build a global accommodations brand...…

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Spendesk raises $18m in Series B funding

Paris based spend management platform for SMBs raised $18m in Series B funding led by Eight Roads Ventures.

The company intends to use the funds to continue to expand operations and its business reach, as well as its product offering to provide...…

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Snapdocs raises $60m in Series C funding

San Francisco based platform to simplify mortgage loan closings raised $60m in Series C funding led by YC Continuity.

“Most people have identified this as a tech problem, and a lot of the tech — such as e-signatures — has existed for 20 years, but the...…

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Clair raises $4.5m in Seed funding

New York based startup focused on rapid pay for hourly and gig economy workers raised $4.5m in Seed funding led by Upfront Ventures.

“We are thrilled to be one of the only sources of free capital for America’s hourly and gig workers. We believe that everybody should be...…

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Razorpay raises $100m in Series D funding

India based payment processing startup raised $100m in Series D funding co-led by GIC and Sequoia India.

“Razorpay has established itself as a clear leader, with its strong focus on customer experience and product innovation,” said Choo Yong...…

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State of AI Report 2020

Fascinating 177 page report on the state of Artificial Intelligence. The report considers the following key dimensions: Research, Talent,...

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Colombian fintechs fill Latin American banking gaps

Investors pour $1bn into an industry spurred by financial inclusion and undeterred by money laundering curbs.

A 2019 Ernst & Young report found Colombia has the highest “fintech adoption” rate in Latin America, with 76 per cent of its population...…

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Joko raises €10m in Series A funding

Paris based cashback app raised €10m in Series A funding led by Partech and Axeleo.

“Our mission at Joko”, says Xavier Starkloff, co-founder and CEO of Joko, “is to make everyone’s life more rewarding, and make sure that...…

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Bloom Credit raises $13m in Series A funding

New York based startup that connects businesses with credit bureaus raised $13m in Series A funding led by Allegis NL.

“It is still difficult to connect small enterprises with bureau data,” Goines said. “Bloom is in front of offering this API for bureaus,...…

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Chargebee raises $55m in Series F funding

San Francisco based billings and compliance startup raised $55m in Series F funding led by Insight Partners.

“We believe that a steady SaaS-i-fication of the market is already underway, with traditional businesses replicating the best practices...…

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AccessFintech raises $20m in Series B funding

UK based data and workflow collaboration startup raised $20m in Series B funding led by Dawn Capital.

“We are thrilled to partner with a firm of the calibre of Dawn Capital who have an exceptional track record in working with fast growing...…

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Uni raises $18.5m in Seed funding

India based consumer credit startup raised $18.5m in Seed funding co-led by Accel and Lightspeed Venture Partners.

He declined to reveal what exactly Uni’s product — or line of products — would look like, but suggested that Uni is building the modern...…

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Strike Graph raises $3.9m in Seed funding

Seattle based compliance automation startup raised $3.9m in Seed funding led by Madrona Venture Group.

“Every company, big or small, that sells a software solution must address a broad set of compliance requirements in regards to security...…

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Alkami raises $140m in new funding

Texas based digital banking technology vendor raised $140m in new funding led by D1 Capital Partners.  

Mike Hansen, CEO, Alkami, says: "We inspire and power the digital strategies of financial institutions as they seek to grow confidently...…

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