News by FinTech Collective

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News by FinTech Collective Archive

First Bitcoin. Then GameStop. Now Tiny Tungsten Cubes

Apparently, online investors crave the tangible pleasure of holding surprisingly heavy metal blocks; 1.7 times as dense as lead!

Cube enthusiasts often describe them in quasimystical terms. “You kind of start wondering about gravity and the forces of nature, and it...…

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Union54 raises $3m in Seed funding

Zambia based firm that lets companies issue debit cards without a bank or processor raised $3m in Seed funding led by Tiger Global.

“Not only are we allowing fintechs to go to market faster than any bank or card issuer could ever dream of doing, but we’re also really...…

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Moralis raises $13.4m in Seed funding

Sweden based blockchain development platform to build decentralized apps raised $13.4m in Seed funding led by EQT Ventures.

Moralis CEO Ivan Lilijeqvist stated: “We are overwhelmed by the positive feedback and excitement from the blockchain community. We’ve...…

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QuickNode raises $35m in Series A funding

Miami based blockchain infrastructure platform that supports applications raised $35m in Series A funding led by Tiger Global.

“Every social media asset wants to do NFT stuff,” Co-Founder Auston Bunsen said in an interview. “We want to be a provider for them....…

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Drip Capital raises $40m in Series C funding

Palo Alto based cross-border trade finance platform for SMBs raised $40m in Series C funding led by TI Platform.

"The COVID-19 pandemic has put severe pressure on cash flows of exporters and importers alike. This strain is being felt most by SMBs who...…

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Alchemy raises $250m in Series C funding

San Francisco based blockchain developer platform raised $250m in Series C funding led by a16z. 

“All that money is still in the bank,” he said. “We didn’t need the money but we saw the value in bringing on great partners, such as...…

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Acko raises $255m in new funding

Bangalore based digital insurer raised $255m in new funding led by General Atlantic and Multiples PE.

“ACKO has meaningfully redefined the protection category for consumers and plans to continue innovating in the space. We strongly believe...…

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Maxwell raises $28.5m in new funding

Denver based mortgage software maker raised $28.5m in new funding led by Fin VC.

“We’re really focused on modernizing the mortgage market, particularly for small and mid-sized lenders serving America’s communities,”...…

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Yokoy raises $26m in Series A funding

Switzerland based spend management software maker raised $26m in Series A funding led by Left Lane Capital.

The company claims that the platform is ‘self-learning,’ allowing Yokoy to monitor individual workflows and processes to make them more...…

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Anomaly raises $17m in Seed and Series A funding

New York City based payments platform using A.I. and focused on healthcare raised $17m in Seed and Series A funding led by RRE Ventures.

“Imagine that, with your credit card, every month you got your statement and 10 percent of your charges were just incorrect,” says Shiff....…

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YieldX raises $18m in Series A funding

Miami based fixed income fintech company raised $18m in Series A funding led by Envestnet.

"Upon recognizing the alignment in our visions for the future of wealth and financial technology, we saw an exciting opportunity to work...…

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Coterie Insurance raises $50m in Series B funding

Cincinnati based insurtech company raised $50m in Series B funding led by Weatherford Capital. 

"While over 90 percent of companies in the U.S. are small businesses, they remain underserved when it comes to insurance, leaving them...…

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Selfbook raises $25m in Series A funding

New York based hotel payment startup raised $25m in Series A funding led by Tiger Global.

“When the pandemic hit and deeply impacted the hospitality industry, we decided to democratize our unique payment and transaction engine...…

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CoinList raises $100m in Series A funding

San Francisco based platform for crypto offerings raised $100m in Series A funding led by Accomplice and Agman Partners.

"We’ll continue to focus on helping crypto protocols rapidly innovate, build their communities, and drive adoption in the space through...…

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Citcon raises $30m in Series C funding

San Jose based payments company raised $30m in Series C funding led by Norwest Venture Partners and Cota Capital.

"Citcon enables global commerce at scale by allowing merchants to accept payments by mobile wallet and alternative currencies with the...…

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Justos raises $35.8m in Series A funding

Brazil based insurance company raised $35.8m in Series A funding led by Ribbit Capital. 

“We measure how safely people drive using the sensors on their cell phones,” Chadha told me at the time of the company’s last raise....…

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Groww raises $251m in Series E funding

India based investing platform raised $251m in Series E funding led by Iconiq Growth. 

“We are making a difference in the lives of millions of Indians by democratizing access. And it seems the journey has just begun with...…

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Billie raises $100m in Series C funding

Berlin based B2B BNPL platform raised $100m in Series C funding led by Dawn Capital.

“The reason the B2C players do not do B2B is because they see themselves as strong consumer brands,” Knecht said, pointing out how Klarna...…

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Clear raises $75m in Series C funding

India based tax and investing platform raised $75m in Series C funding led by Kora Capital.

“We are excited to partner with Clear as they innovate at scale in the Indian SaaS ecosystem, enabling enterprises and SMEs to automate...…

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XanPool raises $27m in Series A funding

Hong Kong based decentralized payment network raised $27m in Series A funding led by Valar Ventures.

“XanPool never touches this money, we simply make the software which allows the individual or business to automate their buying and...…

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Worldcoin raises $25m in new funding

San Francisco based ethereum-based cryptocurrency maker that scans eyeballs raised $25m in new funding led by a16z. 

“[Worldcoin] started with a discussion that universal basic income will eventually be something that is very important to the world, and...…

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Brex raises $300m in Series E funding

San Francisco based credit card and cash management solution provider raised $300m in Series E funding led by Greenoaks. 

Brex, too, continues to evolve its model. Earlier today, the startup announced its new “Brex API.” The new open API is available to all...…

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SMBX raises $11.5m in Seed funding

San Francisco based fintech marketplace for small businesses bonds raised $11.5m in Seed funding led by Group 11.

"There’s a new generation of entrepreneurs emerging who want something different from finance. The SMBX provides them the opportunity to...…

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UpEquity raises $20m in Series B funding

Austin based digital mortgage company raised $20m in Series B  funding led by S3 Ventures.

“For the first time in history, single family homes are an institutional asset class,” Herman told TechCrunch. “You have Blackstone and...…

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Resistant AI raises $16.6m in Series A funding

Prague based provider of fintech anti-fraud tools raised $16.6m in Series A funding led by GV.

“Our mission is to create an intelligent shield for autonomous financial systems, to protect them against these ever-evolving,...…

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Hash raises $40m in Series C funding

Brazil based payment infrastructure startup raised $40m in Series C funding led by QED Investors and Kaszek.

“We provide financial infrastructure for B2B companies to embed payments solutions into their own custom ecosystems,” he said. “By doing...…

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Element Finance raises $32m in Series A funding

San Francisco based open-source protocol for fixed and variable yield markets raised $32m in Series A funding led by Polychain Capital. 

“Element is a breakthrough financial primitive that has quickly become a cornerstone of DeFi, and soon we think will be a core piece of...…

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BondAval raises $7m in Seed funding

London based insurtech startup focused on payment security raised $7m in Seed funding led by Octopus Ventures.

In a statement, Octopus Ventures’ fintech investor Tosin Agbabiaka said, “For decades, companies looking to guarantee future transactions...…

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Primer raises $50m in Series B funding

UK based online payments startup raised $50m in Series B funding led by ICONIQ Growth.

“We are building out a whole suite in the next year to aid merchants with operations and the observability of the payment stack,” said...…

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Pismo raises $108m in Series B funding

Brazil based banking and payments startup raised $108m in Series B funding led by SoftBank Latin America Fund.

“We are here to help these institutions to not be constrained and be ready for the next generation of payments and banking services,”...…

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Zopa raises £220m in growth funding

UK based digital bank and P2P lending platform raised £220m in growth funding led by SoftBank Vision Fund 2. 

“We think we are ready [to list], but one thing I would like to have is a track record of profitability before going public,” he said,...…

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N26 raises $900m in Series E funding

Germany based challenger bank raised $900m in Series E funding led by Third Point Ventures and Coatue Management.

“It gives us a lot of time over the next three to four years to line up for an IPO,” co-founder and CEO Valentin Stalf told me earlier...…

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Pagos raises $10m in Seed funding

California based payment intelligence infrastructure startup raised $10m in Seed funding led by Underscore VC and Point72 Ventures.

“The challenge we saw pretty much for every one of our customers was that they didn’t have enough knowledge, not enough data and not...…

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Dutchie raises $350m in Series D funding

Oregon based provider of payment tools for cannabis dispensaries raised $350m in Series D funding led by D1 Capital Partners.

“Cannabis presents opportunities for job creation, critical reforms, and opens up new revenues to support state and local economies and...…

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TradingView raises $298m in funding

London based financial information platform and social network raised $298m in funding led by Tiger Global.

TradingView says it’s profitable and now plans to grow by expanding its brand globally. Along with offering its services to customers...…

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Juni raises $52m in new Series A funding

Sweden based provider of banking services for e-commerce raised $52m in new Series A funding led by EQT Ventures.

“Everything we do is designed to make life for internet entrepreneurs easier,” said Samir El-Sabini, Founder and CEO at Juni. “We’re...…

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Tala raises $145m in Series E funding

Los Angeles based online loan application platform for emerging markets raised $145m in Series E funding led by Upstart.

“Our Android application has allowed over 6 million individuals to access our first product, which was access to credit, said Siroya to...…

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Lendflow raises $10.8m in Series A funding

Boston based small and medium business lending company raised $10.8m in Series A funding led by Underscore VC.

"The idea of contextual lending isn't new; in-market lending services have existed for some time, but historically, it took a tremendous...…

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Halo raises $100m in Series C funding

Chicago based structured investing platform raised $100m in Series C funding led by Owl Capital.

"I've always had this vision of creating a new type of investing," Barsema, the startup's president, told Chicago Inno. "I like to call...…

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Celsius Network raises $400m in new funding

London based DeFi lending platform that uses the Ethereum blockchain raised $400m in new funding led by WestCap and CDPQ. 

“We do not, in any circumstance, take customer assets and buy more of them or sell them because that’s not our business. Our business is...…

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Nelo raises $20m in Series A funding

Mexico City based BNPL startup raised $20m in Series A funding led by Two Sigma Ventures. 

“Our goal is to enable digital commerce throughout LatAm, and BNPL in Mexico is our first step towards that vision,” said CEO and...…

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Atomic raises $22m in Series A funding

Salt Lake City based payroll startup raised $22m in Series A funding led by Core Innovation Capital.

Davis said that, in her view, companies are ready to raise a Series A when they have both have a product in market and customer traction,...…

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Trumid raises $208m in new funding

New York based credit trading platform raised $208m in new funding led by Point Break Capital Management. 

“Behaviour has changed in the credit market,” said Michael Sobel, president of Trumid. “The market was forced, like all sorts of other...…

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Crabi raises $4m in Seed funding

Mexico based auto insurance startup raised $4m in Seed funding led by Kaszek Ventures.

Led by Javier Orozco, Founder and CEO, and Daniel Bernardez, CTO, Crabi provides a car insurance that people can acquire from wherever...…

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Fount raises $33.4m in Series C funding

South Korea based robo-adviser raised $33.4m in Series C funding led by Hana Financial Investment.

The company offers its robo-advisor service to approximately 20 South Korea-based B2B clients, including the lead investor Hana Financial...…

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Open raises $100m in Series C funding

India based neobank raised $100m in Series C funding led by Temasek.

“We are helping banks build their own new-age digital banking platforms,” he said. The startup is now also helping other fintech startups...…

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MoonPay raises $400m in funding

Miami based crypto payments infrastructure startup raised $400m in funding led by Tiger Global and Coatue. 

While the funding information is not officially announced, a report from The Information suggests that “two people familiar with the...…

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Swile raises $200m in Series D funding

France based provider of payment cards for employee benefits raised $200m in Series D funding led by SoftBank.

“Our bet with Swile — as we disclosed it 18 months ago — is that we want to go beyond lunch and manage employee benefits with the Swile...…

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Elliptic raises $60m in Series C funding

London based crypto asset risk management company raised $60m in Series C funding led by Evolution Equity Partners.

"What we're doing is just really fundamental to the growth of the crypto ecosystem and mainstream adoption," Elliptic CEO Simone Maini...…

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Klasha raises $2.4m in Seed funding

Lagos and San Francisco based cross-border payments company raised $2.4m in Seed funding led by Greycroft. 

“A lot of our merchants have said to us, if we’re going to be able to accept payments from Africa, we need a way to seamlessly ship to...…

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Copper Banking raises $13.3m in Seed funding

Seattle based digital bank for teens raised $13.3m in Seed funding led by PSL Ventures. 

“We worked with millions of teens and parents in our previous company,” Behringer told TechCrunch. “That playbook is one of the core...…

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Modern Treasury raises $85m in Series C funding

San Francisco based payments software provider raised $85m in Series C funding led by Altimeter Capital.

“Connecting into the banking system has been difficult for a long time,” Dadiomov said in an interview. “It’s been a sleepier part of the...…

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CoinSwitch Kuber raises $260m in Series C funding

Bangalore based cryptocurrency trading startup raised $260m in Series C funding led by a16z and Coinbase Ventures. 

“We are incredibly excited about the crypto market opportunity in India, and with its breakout growth, CoinSwitch has emerged as the...…

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Sure raises $100m in Series C funding

New York based insurance infrastructure startup raised $100m in Series C funding led by Declaration Partners and Kinnevik.

“This can range from car insurance included in the online purchase of a new electric car or buying a used car on Carvana to purchasing...…

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Commonstock raises $25m in Series A funding

San Francisco based social investing platform raised $25m in Series A funding led by Coatue.

“The ability for anybody to prove they own Tesla or Peloton by percentage, and show their skin in the game, weeds out a lot of the...…

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Masterworks.io raises $110m in Series A funding

New York based fractional investment platform for fine art raised $110m in Series A funding led by Left Lane Capital.

"We are thrilled to complete our Series A with such a high-quality group of investors, including our lead investor, Left Lane Capital....…

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Hopscotch raises $3.6m in Seed funding

New York based b2b payments startup raised $3.6m in Seed funding led by Noemis Ventures and Stellation Capital.

"We're in the infancy of a payments revolution. P2P and B2C transactions have evolved significantly over the past decade, but B2B...…

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Stable raises $46.5m in Series A funding

Chicago based insurtech focused on commodity prices raised $46.5m in Series A funding led by Greycroft.

“I set about creating a platform that combines modern tools like machine learning (AI), great UX and a clear and client-focused purpose...…

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Sky Mavis raises $152m in Series B funding

Vietnam based company behind blockchain game Axie Infinity raised $152m in Series B funding led by a16z. 

“While we’ve scaled at an astonishing rate, adding institutional investors to our community will enable us to expand our reach, reinforce...…

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Ajaib raises $153m in Series B funding

Indonesia based stock trading platform raised $153m in Series B funding led by DST Global. 

“The Bukalapak IPO showed tremendous interest from millennials and Gen Z,” Sumarli, Ajaib’s chief executive officer, said in an...…

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