News by FinTech Collective

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Fintech firm raises $50m to ramp up expansion as it helps makes life insurance more digital

Dallas, Texas based digital life insurance provider raised $50m in Series B funding led by Valar Ventures. 

“We actually created the Bestow Foundation when we founded the company a couple years ago, and feel now is the right time to take action,...…

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Rural areas promised better internet as the UK government pledges £5b towards speedy broadband

The Chancellor pledged £5bn towards speedy broadband in rural areas. The government also announced a £510m investment into 4G coverage.

'Ofcom figures show that there are currently 155,000 UK properties without a decent broadband connection and our research suggests 63 per...…

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Everee raises a $10m Series A to scale its worker-friendly payroll software service

Utah based payroll software for SMBs raised $10m in Series A funding led by Origin Ventures and SIgnal Peak Ventures.

According to Ross, the company was founded out of a problem he saw in the market. When his daughter went to college and started working...…

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Setu raises $15m to help developers connect with banks to offer Indians ‘sachet-sized’ financial pro

India based API infrastructure provider for fintech raised $15m in Series A financing led by Falcon Edge and Lightspeed Venture Partners.

“We are big believers in Setu’s vision to build infrastructure that enables the large-scale distribution of, and access to, financial...…

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Sprout.ai raises $2.5m to speed up insurance claims

London based insuretech claims management startup raised $2.5m in Seed funding led by Amadeus Capital Partners.  

“Our mission is to enable insurers to pay out successful claims inside 24 hours,” Sprout.ai co-founder and CEO Niels Thone tells me....…

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Taxfix raises $65m for its mobile tax filing app

Berlin based mobile tax filing app raised $65m in Series C funding led by Index Ventures.

Many software companies have built tax return apps for U.S. taxpayers. But Europe is a fragmented market when it comes to taxes. That’s...…

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Airwallex gets $160m Series D to launch more cross-border financial products

Australia based cross-border financial startup raised $160m in Series D financing led by ANZi Ventures and Salesforce Ventures.

In a press statement, Salesforce Ventures’ head of Australia Rob Keith said, “Being able to transact and do business with customers all...…

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Biometrics security technology developer BioCatch raises $145m

Tel Aviv based financial institutions-focused security startup raised $145m led by Bain Capital Tech Opportunities.

“BioCatch’s growth in annual recurring revenue and client base speaks directly to the growing demand for our service and the increasing...…

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Utah’s Podium raises $125m Series C led by YC after reaching $100m ARR

Utah based messaging and payments SaaS startup raised $125m in Series C funding at a $1.5b valuation led by Y Combinator's Continuity Fund.

Along with its fundraising announcement, Podium told TechCrunch that it is rolling out a free tier of its service, called Podium Starter....…

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Open banking fintech Yapily raises $13m Series A

London based opening banking API has raised $13m in Series A funding led by Lakestar.

To that end, the open banking fintech says it will use the investment to “drive open banking adoption by organisations across Europe,”...…

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Nordic challenger bank Lunar adds €20m to its Series B

Denmark based challenger bank has raised an additional €20m in Series B funding led by Seed Capital.

“We are pleased to extend our latest funding round and bolster Lunar’s pan-Nordic play,” says Ken Villum Klausen, founder and CEO of...…

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Transportation payments platform RoadSync raised $5.7m

Atlanta based digital payment platform for the transportation industry has raised $5.7m in a Series A funding led by Base10 Partners.

RoadSync, which Gregg describes as a “Square for the trucking industry,” automates the payments and other financial processes that are...…

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Startup Olive lands $51m from General Catalyst

Ohio based healthcare automation startup for HR and finance raised $51m in Series E funding led by General Catalyst.

"Most of the things that Olive does today is 'keep the lights on' activities in HR, finance and IT. We call Olive an 'AI worker' who can...…

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UAE fintech platform Rise raised over $1m for GCC expansion

UAE financial products for migrant workers raised over $1m in Seed funding led by Middle East Venture Partners.

“We are excited to proceed into the next phase of our growth backed by the strong support demonstrated by leading investors who are...…

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Vostok Emerging Finance invests in Juspay, one of India’s leading payment companies.

India based payments startup raised $21.6m in Series B funding led by Vostok Emerging Finance and Wellington Management.

“The next 10 years will see an exponential growth in digital transactions as software is eating the world, radically changing our...…

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Kyash closes $45m in financing for payment service

Tokyo based digital banking startup has raised $45m in Series C funding co-led by Greenspring Associates and Goodwater Capital.

“It is a vote of confidence in our business, especially at a time like this,” Takatori said. “Our investors believe we can be the leading...…

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