News by FinTech Collective

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News by FinTech Collective Archive

Stori raises $32.5m in Series B funding

Mexico based credit card startup raised $32.5m in Series B funding led by Lightspeed Venture Partners.

“Consumers in Mexico are increasingly using e-commerce and app-based services like ride hailing and delivery and credit cards are the...…

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UK plans fintech visa fast-track scheme

UK chancellor Rishi Sunak is preparing to inveil a fast-track fintech visa to attract top tech talent to post-Brexit Britain.

The Sunday Telegraph reported that Sunak is keen to ensure that the UK’s £7bn fintech sector maintains its global standing in years to...…

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Intuit sues Visa and Mastercard over 'price fixing'

Intuit has filed a federal lawsuit against Mastercard and Visa over 'unlawful' price fixing in interchange and card scheme fee structures.

The company, which has multiple roles in the payments business as a card accepting merchant, independent sales organisation and payment...…

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Anchorage raises $80m in Series C funding

San Francisco based digital asset custodian and banking company raised $80m in Series C funding led by GIC. 

"This new round of funding will help us help institutions participate in new ways — by bringing crypto to their users, by diversifying...…

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First Boulevard raises $5m in Seed funding

Kansas based digitally native neobank focused on Black America raised $5m in Seed funding led by Barclays and Anthemis.

“After viewing yet another tragedy engulf the Black community, and the all-too-familiar protests against persisting issues,” Hawkins...…

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Stitch raises $4m in Seed funding

South Africa based fintech API startup raised $4m in Seed funding led by Firstminute Capital and The Raba Partnership.

“We were looking for a way to let users cash out from their wallet to their bank account,” Kiaan Pillay tells TechCrunch. “We did this...…

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TreeCard raises $5m in Seed funding

UK based credit card startup raised $5m in Seed funding led by EQT Ventures.

“[At a] high level, the climate crisis is the biggest existential risk that humanity has faced in the last 200,000 years; we believe...…

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Optimism raises $25m in Series A funding

New York based Ethereum scaling solution raised $25m in Series A funding led by a16z. 

"Optimism is currently in the midst of a phased rollout, and will be ready for large-scale production later this year. We are thrilled to...…

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RecargaPay raises $70m in Series C funding

Miami based payments platform focused on Brazil raised $70m in Series C funding led by IDC Ventures and Fuel Venture Capital.

"We're proud to be helping so many people with their essential payments during a moment of crises and challenges, but we know the utility...…

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Koffie Labs raises $4.5m in Seed funding

Brooklyn based insurtech startup focused on the trucking market raised $4.5m in Seed funding led by Anthemis Group and Lerer Hippeau.

Founded in 2018, Koffie uses telematics and advanced safety technology to underwrite trucking companies, rewarding fleets that invest in...…

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Zelros raises $11m in Series A funding

France based insurance distribution startup raised $11m in Series A funding led by BGV.

“Digital transformation is fundamentally changing how businesses operate, and with insurtech funding reaching an all-time high of $7.1...…

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EarnUp raises $25m in Series B funding

San Francisco based platform for financially challenged homeowners raised $25m in Series B funding led by Bain Capital Ventures.

“Since the onset of the pandemic in March 2020, serious delinquencies have risen 50%, requiring millions of people in America to have an...…

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ErudiFi raises $5m in Series A funding

Singapore based education financing startup raised $5m in Series A funding led by Monk's Hill Ventures and Qualgro.

In a press statement, Peng T. Ong, co-founder and managing partner of Monk’s Hill Ventures, said, “Access to affordable tertiary...…

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TymeBank raises $109m in new funding

South Africa based digital bank raised $109m in new funding from Apis Partners and JG Summit Holdings.

“The establishments of digital banks in South Africa is in its infancy. Growth in this particular segment of financial services is only...…

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EquityBee raises $20m in Series A funding

Palo Alto based stock option financing marketplace raised $20m in Series A funding led by Group 11.

“I have seen many of my friends and colleagues negotiate a $500 salary increase, but completely disregard their stock options package,...…

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Ageras raises $73m in new funding

Copenhagen based accounting software and marketplace startup raised $73m in new funding from Lugard Road Capital.

“Ageras has established a market leading and best-in-class product offering that is optimally positioned for international expansion and...…

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Fundtastic raises $7.7m in Series A funding.

Indonesia based retail investing platform raised $7.7m in Series A funding led by Ascend Capital Group.

“The new fund aims to expand our market scope, and also develop more products and features,” Hartono said in a media statement....…

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Promise raises $20m in Series A funding

Oakland based payments company for local governments and utilities raised $20m in Series A funding led by Kapor Capital and XYZ.

"Right now, in America, it is easier to buy a state-of-the-art exercise bike than to keep your water on," said Phaedra Ellis-Lamkins,...…

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Knock raises $20m in growth funding

Seattle based developer of property management software raised $20m in growth funding led by Fifth Wall Ventures.

“Apartment buildings, like almost every customer-driven business, compete with each other by attracting, converting and retaining...…

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Varo Bank raises $63m in new funding

San Francisco based neobank raised $63m in new funding led by NBA star Russell Westbrook’s Russell Westbrook Enterprises. 

“The banking system has ignored or underserved a large portion of the American population — particularly communities of color. I’m...…

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Gravy raises $4.5m in Series A funding

Atlanta based payments startup raised $4.5m in Series A funding led by Arlington Family Partners.

“We spent two years fixing [the problem of failed payments] in the last company and created a tech-enabled solution where we leveraged...…

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Standard Cognition raises $150m in Series C funding

San Francisco based autonomous checkout solution raised $150m in Series C funding led by SoftBank Vision Fund 2.

“The physical retail industry must accelerate its pace of digital transformation to better compete with online players,” said Serena...…

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Zolve raises $15m in Seed funding

India based cross border neobanking platform raised $15m in Seed funding led by Accel and Lightspeed Venture Partners.

“Individuals with financial identities in multiple geographies need seamless global financial solutions and we believe the team’s strong...…

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PayZen raises $5m in Seed funding

San Francisco based healthcare payments tech company raised $5m in Seed funding led by Viola Ventures.

PayZen just signed deals with RMS, a Revenue Cycle Management vendor, and Vim, a digital health company that connects payers to providers...…

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Synthetix raises $12m in new funding

Australia based decentralized trading platform raised $12m in new funding from Coinbase Ventures, Paradigm and IOSG.

“We’re excited about supporting the synthetixDAO as it builds the leading synthetic asset platform,” Arjun Balaji, Paradigm investment...…

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Titan raises $12.5m in Series A funding

New York based “operating system for active investment management” raised $12.5m in Series A funding led by General Catalyst.

“While technology has penetrated several sectors of consumer finance, a trusted investment management platform for coming generations has...…

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KreditBee raises $75m in Series C funding

India based digital lending startup raised $75m in Series C funding led by PremjiInvest. 

“With a larger portfolio of loan products, our objective is to provide credit to over 180 million new-to-credit (NTC) customers who were...…

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UpEquity raises $25m in Series A funding

Austin based mortgage platform raised $25m in Series A funding led by Next Coast Ventures.

“Our goal is to finally align the mortgage industry with consumer interests,” said Herman. “This funding is validation that consumers,...…

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Capitalize raises $12.5m in Series A funding

New York based retirement savings platform raised $12.5m in Series A funding led by Canapi Ventures.

“Each year, more than $20 billion in retirement savings is lost to taxes and penalties due to an inefficient rollover system, with...…

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Libeo raises €20m in Series A funding

France based B2B payments platform raised €20m in Series A funding from DST Global, Serena, LocalGlobe and Breega.

Speaking about the platform and investment, Pierre Dutaret, CEO and Co-Founder of Libeo, stated: “My co-founders Jeremy Attuil and...…

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Northmill raises $30m in new funding

Sweden based challenger bank raised $30m in new funding led by M2 Asset Management. 

Cue statement from Rutger Arnhult, chairman of the board of M2 Assets Management: “Northmill Bank is already a profitable company with a...…

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Human Interest raises $55m in Series C funding

San Francisco based provider of 401(k) programs to SMBs raised $55m in Series C funding led by Glynn Capital.

“We rethought the 401(k) model from the ground up and built a unified technology platform that allowed us to deliver a complete solution...…

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TomoCredit raises $7m in Seed funding

San Francisco based startup with a credit card aimed at first-time borrowers raised $7m in Seed funding led by KB Investment.

“It doesn’t matter whether you have income or savings or not,” she said. “I thought it would be really nice if we could leverage...…

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SoLo Funds raises $10m in Series A funding

Los Angeles based marketplace for short-term, personal loans, raised $10m in Series A funding led by ACME Capital. 

“Our borrowers are school teachers… are social workers. When you live in those larger cities with higher costs of living they can’t...…

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Trade Ledger raises £13.5m in Series A funding

London based lending-as-a-service platform raised £13.5m in Series A funding led by Point72 Ventures.

Alex Tarhini, Operating Partner at Point72 Ventures, said: "We view Trade Ledger as part of an important wave of companies that are...…

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NYMBUS raises $53m in Series C funding

Miami based provider of banking technology solutions raised $53m in Series C funding led by Insight Partners.

“The shift to profitable digital banking is still in its early stages for many traditional institutions, and Nymbus fills a tremendous...…

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Celo Raises $20m in new funding

San Francisco based mobile-focused blockchain payments startup raised $20m in new funding from a16z, Greenfield One and Electric Capital.

“We now have the technology to create a better financial system, a rich ecology of digital assets and products that allow individuals and...…

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Mesh Payments raises $13m in new funding

New York based B2B payments platform raised $13m in new funding led by TLV Partners.

"Over the last few months, we have seen a 20x spike in our business. Unlike other services which position themselves as a next-gen...…

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Fair raises $20m in new funding funding

Houston based multilingual neobank and financial services platform raised $20m in new funding led by undisclosed investors. 

"Our fundraising success is partially attributed to the need for a platform like Fair," said Khalid Parekh, founder and CEO. "Research...…

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Tickr raises £2.5m in Seed funding

U.K. based investing app in the ESG space raised £2.5 million in Seed funding led by Ada Ventures.

Over text interview, McGillycuddy told me: “We also realized there was zero consideration for the underlying impact of the investments...…

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Ledn raises $2.7m in new funding

Toronto based digital asset savings and credit platform raised $2.7m in new funding led by White Star’s Digital Asset Fund.

"Over the past three years, we've focused on building a simple and secure platform that allows clients to grow their digital wealth...…

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Coterie raises $11.5m in Series A-1 funding

Cincinnati based small business insurance startup raised $11.5m in Series A-1 funding led by Intact Ventures.

Since raising its Series A, the company has continued to team up with key platforms such as Intuit Quickbooks and Thryv to deliver...…

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LeaseLock raises $52m in Series B funding

California based insurtech platform for real estate raises $52m in Series B funding led by Westerly Winds and Wildcat Venture Partners.

“Security deposits are an inefficient financial instrument for all sides. Through technology, LeaseLock has intelligently solved this...…

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Open Banking kicks off in Brazil

The phased implementation started this week and the model will be introduced throughout 2021.

This week, the first of four phases of Brazil's Open Banking implementation has started, as part of the country's broader agenda of...…

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Flink raises $12m in Series A funding

Mexico City based consumer stock-trading platform raised $12m in a Series A funding led by Accel.

“The structure we have on the investment side is built for the wealthy people,” he said. “Mexico’s population is 120 million right now,...…

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Monkey raises $6m in Series A funding

Brazil based financial marketplace for receivables raised $6m in Series A funding led by Quona Capital and Kinea Ventures.

“You have high rates, the spreads are crazy and it’s almost impossible for small and medium companies to access additional capital at a...…

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Stash raises $125m in Series G funding

New York based personal finance app raised $125m in Series G funding led by Eldridge.

“We purposely built a bad day-trading system,” Stash founder and CEO Brandon Krieg told CNBC. “Our brand and our message, as well as our...…

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CapBay raises $20m in Series A funding

Malaysia based P2P supply chain financing platform raised $20m in Series A funding led by KK Find.

CapBay says it “facilitates inclusive business financing, using existing trade data and relationship”. It offers short-term financing to...…

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Lockstep raises $10m in Series A funding

Seattle based accounting solution raised $10m in Series A funding led by Point72 Ventures.

“We founded Lockstep on the belief that accounting deserves better tools to keep their books in sync with customers and vendors for...…

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Balance raises $5.5m in Seed funding

San Francisco based B2B payments startup raised $5.5m in Seed funding from Lightspeed Venture Partners, Stripe and SciFi VC.

Our dream is to “make B2B payments as easy as card payments,” Geron said. “What we wanted to do is to make it as easy as Stripe … take a...…

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Rightfoot raises $5m in Seed funding

San Francisco based startup helping employers lift employees out of student debt raised $5m in Seed funding led by Bain Capital Ventures.

“We are tracking and constantly growing, hoping to hit billions of dollars in repayments,” Pensack said. “We also want to help people...…

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Valon (f.k.a. Peach Street) raises $50m in Series A funding

New York based tech-enabled residential mortgage servicer raised $50m in Series A funding led by Andreessen Horowitz.

“We’re on the cusp of a mortgage foreclosure crisis comparable to 2008, and the majority of homeowners struggling to make their loan...…

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Routefusion raises $3.6m in Seed funding

Austin based cross-border payments company raised $3.6m in Seed funding led by Silverton Partners.

“We started thinking, why not have a one-stop shop,” Seal told Crunchbase News. “To build something, you have to integrate with eight to...…

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TrustLayer raises $6.6m in Seed funding

San Francisco based startup automating the insurance verification process raised $6.6m in Seed funding led by Abstract Ventures.

“The big play was, ‘What if we didn’t have all these hundreds of documents laying around. What if we could validate this in real time?’ ”...…

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Narmi raises $20.4m in Series A funding

New York based digital banking tech maker raised $20.4m in Series A funding led by New Enterprise Associates.

"We do think we have a very strong differentiation strategy," Nikhil Lakhanpal, Narmi's co-founder, told Insider, adding that the capital...…

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