News by FinTech Collective

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Aggregators now drive 20% of Ethereum DEX volume

The aggregators are seeing early product-market-fit and will be able to capture significant value as the DeFi ecosystem grows.

Many aggregators are already emerging as leading DeFi projects, with decentralized finance management platform Instadapp now ranking as...…

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Point wants to provide credit card rewards with debit cards

US based new challenger bank with a focus on rewards associated with a debit card has launched publicly with an invite system.

Many challenger banks want to provide a simple banking experience for the underbanked. Point doesn’t have the same positioning. Creating...…

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Trading is live on Dharma

Users can now search and trade 2000+ tokens in Uniswap through portfolio company Dharma with zero gas fees. Dharma is the first mobile...

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US mint facing coin shortage

Widespread lockdowns and health guidelines favouring the use of credit and debit payments over physical cash has hit the supply of coins...

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Magnetis raises $11m in Series B funding

São Paulo, Brazil based digital investment manager platform raised $11m in Series B funding led by Redpoint eventures.

“Today, the Brazilian market is more sophisticated, with a sharp drop in reliance on [a] fixed income and a rise in more financial...…

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Candis raises €12m in Series B funding to expand automated accounting platform for SMBs

Berlin based automated bookkeeping software company raised €12m in Series B funding led by Viola Ventures and Rabo Frontier Ventures.

“Our machine-learning based technology disrupts a whole industry, in which the majority of tasks are still very manual,” adds Christian...…

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Banking veteran departs Revolut after one year

Mr Davies will take charge of business lending specialist Allica Bank late next month, subject to regulatory approval.

“In the aftermath of Covid, it’s such an important time for the UK small and medium-sized business market, and the chance to lead a newly...…

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ComplyAdvantage nabs $50m for an AI platform and database to detect and stop financial crime

London based AI platform and database for financial crime raised $50m in Series C financing led by Ontario Teachers’ Pension Plan Board.

“Detecting financial crime in billions of transactions that take place around the globe has become nearly impossible without the...…

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StashAway raises $16m in Series C funding

Singapore based digital wealth management company raised $16m in Series C funding led by Square Peg.

Michele Ferrario, Co-founder and CEO says: “This new round of financing further strengthens StashAway’s balance sheet position, bringing...…

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Goldman Says Pandemic Is Giving a Boost to Digital Banking

Goldman suggests that more than a quarter of customers don’t plan to return to branch offices even after it is safe to do so.

Marcus, the online platform run by Talwar, provides savings accounts and personal loans, as well as a credit card in partnership with...…

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Selina Finance raises £12m to expand into consumer market

London based alternative lender which provides credit to business borrowers raised £12m in Series A funding led by GFC and Picus Capital.

Co-founder Hubert Fenwick, says: “Homeowners deserve to be able to unlock the value tied up in the home they’ve worked so hard for, both...…

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Branch raises $24m in Series A funding

Columbus, Ohio based home and auto insurance startup raised $24m in Series A funding led by Greycroft and HSCM Bermuda. 

"Branch is on a mission to make home and car insurance less expensive for all, enabling more of us to be financially protected from...…

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Angle Health raises $4m in Seed funding for insurance plans

San Francisco based health insurance carrier raised $4m in Seed funding led by Blumberg Capital to advance its tech platform. 

“The startup demographic is the most progressive for the adoption of technology and expects a better experience, especially for health...…

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Meemo emerges from stealth to raise $10m in Seed funding

San Francisco based social finance app raised $10m in Seed funding led by Saama Capital, Greycroft, Monashees and Sierra Ventures.

“We worked with Evan Spiegel at Snap for a few years building out a lot of products,” Madeira said. “After the IPO, we wanted time to...…

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Moneybox raises £30m in Series C funding

U.K. based savings and investment app raised £30m in Series C funding led by Eight Roads and CNP.

Launched in 2016, Moneybox began life as a way for users to invest the spare change from daily card purchases into a Stocks & Shares ISA....…

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Evertas raises $2.8m in Seed funding

Chicago based digital asset insurance company raised $2.8m in Seed funding led by Morgan Creek. 

J Gdanski, CEO and Founder of Evertas, said: “We believe we are the only company in the world focused solely on providing insurance...…

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Privacy.com raises $10.2m in Series A funding

New York based virtual card payment startup raised $10.2m in Series A funding led by Teamworthy Ventures.

Privacy.com’s chief executive Bo Jiang told TechCrunch that the new funds will help the company launch its new Card Issuing API — in beta...…

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Visa pilots installment payments

Installment payments are popular with millennial customers and is a fast-growing sector.

The firm is now getting ready to pilot an offering that lets eligible customers pay in instalments by simply using their existing Visa...…

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Digital Asset raises additional Series C funding

New York based creator of open source DAML smart contract language raised an undisclosed amount from VMware as part of its Series C round.

“Digital Asset’s partnership with VMware provides a truly enterprise grade blockchain offering that meets the requirements of even the...…

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Taulia raises $60m in new strategic funding round

San Francisco based B2B payments platform raised $60 million in funding led by the Ping An Global Voyager Fund.

The proceeds from the fundraising round will be used to expand globally and introduce new products, Mr. Bru said in an interview. Ping An...…

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Railsbank arrives in the US

London based open banking platform Railsbank has launched in the US, introducing a first-of-its-kind Credit Card as a Service (CCaaS)...

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Apiture Completes $20m Fundraising Round To Support Innovation

Deleware based digital banking platform for financial institutions raised $20m in financing co-led by Live Oak Bank and First Data.

"Live Oak and Apiture are fortunate to have been joined by partners that share our vision for Apiture and our enthusiasm for changing...…

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Railsbank arrives in the US

London based open banking platform Credit Card as a Service (CCaaS) is launching in the US. Railsbank will sell to fintech startups and...

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nCino targets ~$2b valuation in impending IPO

As IPO season continues, nCino filed an updated S-1 filing, providing an initial price range for its equity of $22-24 per share.

Regardless of where nCino priced toward the end of its life as a private company, its IPO is a likely win for both Salesforce and Insight...…

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Decentralized finance protocol Radix raised $4.1m

London based decentralized finance protocol raised $4.1m in new funding led by LocalGlobe and Taavet Hinrikus (TransferWise).

Radix is “not trying to be a general purpose platform,” says CEO Piers Ridyard. “Decentralised finance, and by extension, the financial...…

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Wintermute raises $2.8m in Series A funding to make crypto markets more liquid and efficient

London based algorithmic liquidity provider for digital assets raised $2.8m in Series A funding led by Lightspeed Venture Partners.

“We made a deliberate decision to be a technology company, not a financial services one, and it’s our tech-first approach that enables us...…

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Wagestream raises £20m in Series B funding

London based platform for employees to access their wages raised £20m in Series B funding led by Northzone. 

Peter Briffett, CEO and Co-Founder, Wagestream, says: “Where people work and how they work is changing by the day, all the more so since...…

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Capital raises $9m for its AI-based ‘capital as a service’ funding platform for startup

New York based AI-powered capital-as-a-service platform raised $9m in Seed-extension financing led by AME Cloud Ventures.

“A tech company does not instantly mean a risky company these days,” said Silverberg. “It’s fascinating to us that tech companies have...…

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Banking platform solarisBank raises $67.5m at $360m valuation

Germany based banking-as-a-service platform raised $67.5m in Series C funding led by HV Holtzbrinck Ventures at a $360m valuation.

solarisBank’s vision could be summed up in two words — regulation and modularity. The company is a fully licensed bank, which means that...…

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HR software and payroll platform Worky raised $3m

Mexico City based HR software and payroll platform for SMEs raised $3m in Seed funding led by QED Investors. 

Lauren Connolley Morton, Partner at QED Investors, said, "We’ve invested in HR technology companies worldwide, and we’re convinced that...…

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Rappi & Banorte: JV aiming to offer financial services on a massive scale

The joint venture announced by Rappi and Banorte is on a hiring spree and working to roll out its first financial product by late September.

The company hopes to develop a range of highly innovative financial services that combine intuitive UX and a strong value proposition,...…

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