News by FinTech Collective

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News by FinTech Collective Archive

Creditas raises $255m in Series E funding

Brazil based lending platform raised $255m in Series E funding led by LGT Lightstone.

Creditas plans to use the proceeds to fund its newly-launched subsidiary in Mexico, which started extending loans in July, Furio said,...…

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Umba raises $2m in Seed funding

Africa based digital bank raised $2m in Seed funding from Lachy Groom, Ludlow Ventures, Frontline Ventures and Act Venture.

Umba’s CEO Tiernan Kennedy said: “From the outset we built our platform to serve multiple markets, currencies and payment...…

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Salary Finance raises $27m in Series D funding

UK based workplace lending company raised $27m in Series D funding led by Experian and Legal & General.

Asesh Sarkar, Salary Finance's co-founder and chief executive, said 2020 had been "a pivotal year" for the industry. "Inequality in...…

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Openly raises $40m in Series B funding

Boston based homeowners insurance platform raised $40m in Series B funding led by Advance Venture Partners.

"We at Openly recognize the massive opportunity that exists to challenge incumbents and improve insurance," said Ty Harris, CEO and...…

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Lydia raises $86m in Series B funding

Paris based developer of a fintech super-app raised $86m in Series B funding led by Accel.

“You know that P2P is successful when they leave money in their account because they’re going to come back,” he said. Back in 2014, when...…

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GoCardless raises $95m in new funding

London based recurring payments platform raised $95m in new funding led by Bain Capital Ventures.

“It’s been a strange round in some ways because it wasn’t something we’d planned,” GoCardless CEO and co-founder Hiroki Takeuchi told...…

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Paxos raises $142m in Series C funding

New York based cryptocurrency infrastructure platform raised $142m in Series C funding led by Declaration Partners.

Paxos has also built a comprehensive technology stack that Cascarilla has described as a "plug-and-play" service. Its bread-and-butter...…

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Lendeavor raises $34m in Series A and B funding

San Francisco based company lending to healthcare practices now known as Provide raised $34m in Series A and B funding led by QED Investors.

"Provide doesn't just originate loans, we build deep and lasting relationships with customers," said CEO Dan Titcomb. "We are earning the...…

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Zilch raises $30m in new funding

London based buy now, pay later startup raised $30m in new funding led by Gauss Ventures.

The wider buy-now-pay-later sector is under scrutiny as companies are not regulated, and failing to make payments could hurt consumers'...…

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Taxdoo raises $21m in Series A funding

Germany based tax compliance platform for cross-border e-commerce raised $21m in Series A funding led by Accel.

“While it has become easier and easier to sell products across borders in Europe from a marketing and logistics standpoint, the resulting...…

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Arya raises $21m in Series B funding

India based provider of finance and post-harvest services to farmers raised $21m in Series B funding led by Quona Capital.

“Our belief is that we should cater to the two-thirds of the market that are currently underserved. The Kota mandi (market), for...…

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Public raises $65m in Series C funding

New York based social-focused stock trading service raised $65m in Series C funding led by Accel.

According to Abraham, the company’s growth has been consistent instead of lumpy, expanding at around 30% each month. The co-founder also...…

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LendingHome raised $75m in Series E funding

San Francisco based mortgage marketplace lender raised $75m in Series E funding led by Benefit Street Partners.

The company also added Michael Bourque as Chief Executive Officer. Bourque brings nearly 20 years of executive experience to the table....…

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Cleo raises $44m in Series B funding

London based financial digital assistant for Gen-Z raised $44m in Series B funding led by EQT Ventures.

In addition, the company will expand its operations in the U.S., including building out executive and product teams in San Francisco. ...…

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CHAI raises $60m in Series B funding

South Korea based payments API startup raised $60m in Series B funding led by Hanhwa Investment & Securities.

“CHAI is a late comer to Korea’s digital payments market, but we saw a unique opportunity to offer value,” said Shin. The CHAI Card...…

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Sundae raises $36m in Series B funding

San Francisco based real estate marketplace raised $36m in Series B funding led by QED Investors.

Stech said he had a brainwave about the opportunity when he finished graduate school at Stanford and moved to Las Vegas, which at the...…

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Squire raises $59m in equity and debt funding, nearly tripling valuation to $250m

New York based barbershop management and point of sale system software platform raised $45m in Series C funding led by Iconiq Capital.

The coronavirus has threatened the livelihoods of small and medium-sized business owners, making it harder for them to secure loans or...…

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At-Bay raises $34m in Series C funding

Mountain View based cybersecurity insurance startup raised $34m in Series C funding led by Qumra Capital.

“This modern approach to risk management is not only driving strong demand for our insurance, but also enabling us to improve our...…

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Outfund rasies £37m in Seed funding

UK based provider of revenue-based financing for online businesses raised £37m in equity and debt Seed funding led by Fuel Ventures.

“Outfund is very different in the market in that we provide one fixed fee from 5% regardless of how you spend the funds. For example,...…

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Pico raises $135m in Series C funding

New York based analytics platform for financial markets raised $135m in Series C funding led by Intel Capital.

“We are honored and proud to have Intel Capital join as an investor and to reach this important funding milestone which is supporting our...…

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GoHenry raises $40m in new funding

UK based pre-paid debit card startup focused on kids and teens raised $40m in new funding led by Edison Partners.

“For too long, kids have been locked out of the digital economy and parents lacked the tools to help their children gain confidence with...…

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Immedis raises $50m in growth funding

Dublin based payroll solution raised $50m in growth funding led by Lead Edge Capital.

“Immedis is redefining how organizations are managing global payroll through service and technology. What they have achieved to date is...…

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Fetch Rewards raises $80m in Series C funding

Wisconsin based savings app raised $80m in Series C funding led by Iconiq.

When Americans rushed to stock up on toilet paper and other essentials in the spring, Fetch Rewards, a shopping savings app, faced a...…

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Luko raises $60m in Series B funding

France based home insurance startup raised $60m in Series B funding led by EQT Ventures. 

Luko has a straightforward revenue model. It takes a 30% cut on monthly payments. Everything else is pooled together to pay compensation....…

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Monzo raises £60m in new funding

UK based challenger bank raised £60m in new funding from Novator, Kaiser, TED Global and Goodwater. 

Adds Monzo CEO, TS Anil, in a statement given to TechCrunch: “We’ve raised £125 million this year, achieved strong organic growth and are...…

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Moov Financial raises $27m in Series A funding

Iowa based open source embedded banking platform raised $27m in Series A funding led by a16z.

We will use the funds to expand our team, further develop our enterprise offerings, and double-down on setting the standard for open...…

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Pave raises $16m in Series A funding

San Francisco based provider of real-time compensation transparency tools raised $16m in Series A funding led by a16z. 

“I imagine there will be some late adopters that are not fully aligned with that vision at first,” Schulman admits. “How can we really...…

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ConnexPay raises $61m in extended Series A funding

Atlanta based payment technology company raised $61m in extended Series A funding led by F-Prime Capital.

"Consumers, travel agencies and their suppliers were frustrated by the lack of transparency in the payment process. While we initially...…

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AgentSync raises $6.7m in Seed funding

Denver based insurance licensing and compliance automation startup raised $6.7m in Seed funding led by Craft Ventures.

According to Sabharwal, AgentSync now has more than $10 million in the bank, meaning that the startup is very well capitalized to...…

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Step raises $50m in Series B funding

San Francisco based provider of financial services for teens and families raised $50m in Series B funding led by Coatue. 

“Since Step’s launch, we’ve seen massive demand for this new type of all-in-one banking solution, making it much easier for teens to...…

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CRED raises $80m in Series C funding

India based credit card startup raised $80m in Series C funding led by DST Global.

“CRED has the richest Indians as customers already,” wrote Anmol Maini, a San Francisco-based engineer, who closely tracks the Indian...…

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