News by FinTech Collective

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News by FinTech Collective Archive

Gro raises $7.1m in Seed funding

London based decentralized finance startup raised $7.1m in Seed funding from Galaxy Digital, Framework Ventures and Northzone. 

“Last summer was the ‘DeFi summer’ where we saw protocols go from early-stage to assets more than doubling in the last quarter,” Gro’s...…

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Tugende raises $3.6m in Series A funding

Uganda based asset finance startup raised $3.6m in Series A funding led by Partech.

“With an average household of five people, this can really transform the lives of our client and their families. Besides just increased...…

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Spiral raises $14m in new funding

New York based banking solution for the charitable sector raised $14m in new funding led by Team8.

“The future belongs to socially-conscious brands that care as much about giving back to society as they do about generating profits and...…

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ImToken raises $30m in Series B funding

Singapore based crypto wallet and blockchain tech startup raised $30 million in Series B funding led by Qiming Venture Partners.

In a press statement, Qiming Venture Partners founding managing partner Duane Kuang said, “In the next ten to twenty years, blockchain...…

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Next Insurance raises $250m in new funding

Palo Alto based small business insurance provider raised $250m in new funding led by FinTLV Ventures and Battery Ventures.

Guy Goldstein, Next’s cofounder and chief executive, says 2021 is already poised to be a better year for business than last year. That...…

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HighRadius raises $300m in Series C funding

Houston based AI-powered order-to-cash and treasury solution raised $300m in Series C funding led by D1 Capital and Tiger Global.

“Our goal has always been to build a long-lasting business that outlasts all of us,” HighRadius Founder and CEO Sashi Narahari said in...…

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Butter raises £15.8m in new funding

London based “buy now, pay later” financing service raised £15.8m in new funding led by BCI Finance. 

“We want to remove the stigma surrounding the buy now pay later offering and empower consumers by allowing them to budget and spend...…

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Capitolis raises $90m in Series C funding

New York based SaaS platform for helping banks pool trading resources raised $90m in Series C funding led by a16z. 

"What sets Capitolis apart from other financial services players is the sheer scale of management's ambition and the substantial talent,...…

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Ajaib raises $65m in Series A funding

Indonesia based investment app raised $65m in Series A funding led by Ribbit Capital.

In a press statement, Ribbit Capital managing partner Micky Malka said, “We are witnessing an unprecedented revolution in retail...…

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Chainalysis raises $100m in Series D funding

New York based blockchain analysis company raised $100m in Series D funding led by Paradigm.

“When we raised our last round, we were basically seeing a lot of that in its infancy,” Gronager said in an interview. “What we see right...…

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Polly raises $15m in Series A funding

San Francisco based provider of mortgage industry SaaS raised $15m in Series A funding led by 8VC.

"The multi-trillion dollar mortgage industry has been running on legacy capital markets technology for decades. Mortgage originators,...…

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Pilot raises $100m in Series D funding

San Francisco based accounting company raised $100m in Series D funding led by Bezos Expeditions.

“There’s all of this annoying, tedious, scary and important back-office stuff that you need to do as a small business owner,” Daher told...…

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UK bank fraud hits new record

Online fraudsters have capitalized on the pandemic, using fake texts about Covid-19 vaccines, lockdown fines and missed parcel deliveries...

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PPRO raises $90m in new funding

London based localized payments provider raised $90m in new funding from JPMorgan Chase and Eldridge.

“We are extending into payments and we are looking to double down on addressing the needs of our clients and their clients, which can be...…

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Rupifi raises $4.1m in Seed funding

India based buy now pay later platform for micro SMEs raised $4.1m in Seed funding led by Quona Capital. 

“Indian SMEs have been struggling with getting access to capital for a long time,” Anubhav Jain, cofounder and CEO of Rupifi, told ET in...…

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Meniga raises €10m in new funding

London based digital banking platform raised €10m in new funding led by Velocity Capital and Frumtak Ventures.

Specifically, it lets users track their estimated carbon footprint for a given time period (which can be broken down into specific...…

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Lev raises $10m in Seed funding

New York based commercial real estate financing transaction platform raised $10m in Seed funding led by NFX.

“Lev is transforming commercial real estate financing in ways that are similar to what LoopNet did to property marketing and discovery 20...…

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Bankly raises $2m in Seed funding

Nigeria based fintech startup digitizing cash for the unbanked raised $2m in Seed funding from Vault and Flutterwave.

“The first phase is building agent networks which is good but that’s not the goal,” CEO Adejana said to TechCrunch. “Just in the same way...…

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Feedzai raises $200m in Series D funding

San Mateo based financial risk management platform raised $200m in Series D funding led by KKR. 

“Feedzai’s technology is the cornerstone of today’s commerce as consumers across the globe expect fast, reliable, seamless, and, above...…

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Airwallex Raises $100m in Series D funding

 Melbourne based cross-border online payments and infrastructure platform raised $100m in Series D funding led by Greenoaks.

“The world will only become more digital, and with more businesses than ever now operating online, Airwallex has proudly been at the...…

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Freetrade raises $69m in Series B funding

UK based stock trading platform raised $69m in Series B funding led by Left Lane Capital.

With today’s funding round, the company plans to expand its product beyond its home country. You can expect some European expansion moves...…

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Afriex raises $1.2m in Seed funding

Oakland based payments and remittance platform raised $1.2m in Seed funding led by Launch Africa.

“We would go back home every two years and even then, I would always take note of what was missing and what could be improved. I would...…

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Counterpart raises $10m in new funding

California based management liability insurance startup raised $10m in new funding led by Valor Equity Partners. 

Tanner Hackett, founder, and CEO, said in a statement: “The $1.2tn insurance industry is going through a digital revolution.. We saw an...…

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The paradoxes of Coinbase

Rather than a failing, Coinbase's position at the center of such contradictions may explain much of its success. Coinbase's flourishing...

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Zaver raises $5m in new funding

Sweden based provider of cardless payment and BNPL solutions to merchants raised $5m in new funding from Inbox Capital and Inventure.

“By durables, we mean goods (and services) that do not need to be purchased often, and typically last for a longer period of time e.g....…

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Pluang raises $20m in pre-Series B funding

Indonesia based investment and savings app raised $20m in pre-Series B funding led by Openspace Ventures.

In a statement, Openspace Ventures founding partner Shane Chesson said, “Pluang has demonstrated tremendous growth over the last 12...…

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Pollinate raised $50m in Series C funding

London based cloud banking startup raised $50m in Series C funding led by Insight Partners.

"Access to capital, intuitive banking services and a broad ecosystem of value-added solutions and partners are critical to the journey of...…

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OpenSea raises $23m in Series A funding

New York based NFT marketplace raised $23m in Series A funding led by a16z.

“We just think there is a huge market. I mean, look at Apple last year. People purchased $61 billion of digital content” on the App...…

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Kuda raises $25m in Series A funding

Nigeria based challenger bank raised $25m in Series A funding led by Valar Ventures.

“In November we were doing about $500 million in transactions per month,” Ogundeyi said, for services like bill payments, card...…

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Diem raises $5.5m in Seed funding

London based debit card startup raised $5.5m in Seed funding led by Fasanara Capital.

Geri Cupi said in a statement: “Diem’s mission is to empower consumers to value, unlock, and enjoy wealth they never knew they had. All...…

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Republic raises $36m in Series A funding

New York based investment platform raised $36m in Series A funding led by Galaxy Interactive.

On Tuesday, Republic announced it would be hosting a token sale later this month for Cere Network, a “decentralized Salesforce” platform...…

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PolicyBazaar raises $75m in new funding

India based lending marketplace and digital insurer raised $75m in new funding led by Falcon Edge Capital.

“India has an under-penetrated insurance market. Within the under-penetrated landscape, digital distribution through web-aggregators like...…

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Fireblocks raises $133m in Series C funding

New York based crypto infrastructure provider raised $133m in Series C funding led by Coatue, Ribbit, and Stripe. 

"Fintechs and banks require not only a specialized custody and settlement infrastructure to ensure customers funds are safely managed,...…

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Socure raises $100m in Series D funding at $1.3b valuation

New York based identity verification and fraud prevention software provider raised $100m in Series D funding led by Accel.

“Plugging into something like a Socure immediately helps you,” Jhawar said. “Now you have a collective knowledge,” he said, referring to...…

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Trullion (fka SMRT) raises $3.5m in Seed funding

New York based financial workflow automation platform raised $3.5m in Seed funding led by Greycroft and Aleph.

“The financial management industry has been stagnant for many years as industry pain points, including maintaining efficiency, accuracy...…

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Genesis raises $45m in Series B funding

London based low-code platform for fintech companies raised $45m in Series B funding led by Accel.

“We were not really fixated on valuation,” said Murphy in an interview, who said the funding came about after a number of VCs had...…

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Gatsby raises $10m in Series A funding

New York based stock and options trading app raised $10m in Series A funding from Techstars Ventures, Beta Bridge Capital and SeedInvest.

“We believe that PFOF (payment for order flow) is a fundamentally better pricing model than commissions for users trading on small...…

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HeraSoft raises $5m in Series A funding

Oklahoma based blockchain startup focused on cybersecurity raised $5m in Series A funding led by United Capital Management of Kansas.

“We focus on helping make governments and private enterprises really have trusted software and trusted communications,” Blanchard said.

GloveBox raises $3m in Seed funding

Denver based mobile platform for insurance agents raised $3m in Seed funding led by Mercato Partners.

“We saw the pains of running a business and got sick of the trickle-down effect of technology in the insurance space and wanted to build...…

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Zeller raises A$25m in Series A funding

Australia based payment and financial services startup focused on SMBs raised A$25m in Series A funding led by Addition.

“We don’t underestimate the challenges that come with scaling a new brand in an area dominated by entrenched banking incumbents, yet the...…

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Stripe raises $600m in new funding at $95b valuation

San Francisco based digital payments company raised $600m in new funding led by Ireland’s National Treasury Management Agency (NTMA). 

“It will just sit on the balance sheet,” Mike Moritz, partner at Sequoia Capital and a Stripe board member, said in an interview,...…

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FalconX raises $50m in new funding at a $675m valuation

San Mateo based cryptocurrency trading platform raised $50m in new funding led by Tiger Global.

The latest round of funding follows backing in December by American Express Co.’s venture arm. FalconX has said its existing investors...…

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CaixaBank to replace cards with recycled material

Spain's CaixaBank is the latest lender to start issuing cards made from recycled plastic and biodegradable components.

The bank, which has more than 18.8 million cards issued, will this year stop using virgin plastic to manufacture physical cards. ...…

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Lessons from a year of Covid

How can we summarize the Covid year from a broad historical perspective? Many people believe that the terrible toll coronavirus has taken...

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Sommelier raises $3.5m in Seed funding

San Francisco based blockchain protocol and Ethereum bridge raised $3.5m in Seed funding led by Standard Crypto. 

Founded in 2020 by Zaki Manian, a lead developer on the Cosmos protocol and Tendermint, and a team of Ethereum and Cosmos developers...…

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Clara raises $3.5m in pre-Seed funding

Mexico City based corporate card and business spend management solution raised $3.5m in pre-Seed funding led by General Catalyst.

The co-founders want to bridge the gap in technology-enabled financial services that they found in Mexico. Colyer worked for G2 after a...…

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Hi Marley raises $25m in Series B funding

Boston based messaging platform for insurers raised $25m in Series B funding led by Emergence Capital. 

"Consumer's expectations have accelerated; they demand easy, modern and transparent communications with their insurance providers," said...…

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Cowbell Cyber raises $20m in Series A funding

California based provider of cyber insurance raised $20m in Series A funding led by Brewer Lane Ventures.

“It’s mystified me for the last seven years,” said Martha Notaras, managing partner at Brewer Lane Ventures. “Cybersecurity could be a...…

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Cube raises $10m in Series A funding

New York based financial planning software maker raised $10m in Series A funding led by Mayfield.

"Cube is creating the foundational financial system of engagement and intelligence for every company in the world.  Prior Mayfield...…

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Komainu raises $25m in Series A funding

UK based digital asset custody services provider raised $25m in Series A funding led by Alan Howard.

“Komainu will continue to build the future of digital asset custody, extending beyond simply the storage of assets, to a core strategic...…

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MobileCoin raises $11.4m in new funding

San Francisco based cryptocurrency firm raised $11.4m in new funding from Future Ventures and General Catalyst.

At the time, Wired noted that while it “may feel like the last thing the world needs is yet another cryptocurrency” — there are now more...…

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Zego raises $150m in Series C funding

UK based on-demand auto insurer raised $150m in Series C funding led by DST Global.

“This has been both a natural progression for the company, with the only real difference being distribution, as well as a focused effort,...…

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Wrapbook raises $27m in Series A funding

New York based entertainment payroll startup raised $27m in funding led by a16z.

“It’s time we bring production financial services into the 21st century,” Katzenberg said in a statement. “We need a technology solution...…

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Flowcast raises $3m in new funding

San Francisco based provider of AI solutions for credit and collection raised $3m in new funding led by ING.

Flowcast, which is also backed by BitRock Capital, and Katalyst Ventures, also announced a pilot of a platform that enables global...…

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InterPrice Technologies raises $2.5m in Seed funding

New York based debt capital markets fintech platform raised $2.5m in Seed funding led by Bowery Capital.

“Our mission at InterPrice is to bring greater transparency to the world of capital markets,” said Olga Chin, CEO, InterPrice. “Working...…

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Elucidate raises €2.5m in Seed funding

Berlin based financial crime risk scoring platform raised €2.5m in Seed funding led by Frontline Ventures.

Founded in 2018 by Shane Riedel, Co-founder and CEO, Elucidate is a financial crime risk quantification platform, regulated by the BaFin...…

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Cedar raises $200m in Series D funding

New York based patient engagement and financial technology platform raised $200m in Series D funding led by Tiger Global Management.

"Now, more than ever, patients deserve a healthcare experience that prioritizes their needs, and yet there are still so many problems on...…

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Zeni raises $13.5m in Series A funding

Palo Alto based AI-powered finance concierge service for startups raised $13.5m in Series A funding led by Saama Capital. 

“Bookkeeping is often not worked on until month’s end, but it is very manual and slow, and as founders you don’t have real-time insights,...…

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Pipe raises $50m in strategic funding

Los Angeles based finance platform for SaaS companies raised $50m in strategic funding led by Siemens, Next47 and Raptor Group.

“When we first went to market, we were very focused on SaaS, our first vertical,” he said. “Since then, over 3,000 companies have signed...…

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M1 Finance raises $75m in Series D funding

Chicago based platform for people to manage their money and investments raised $75m in Series D funding led by Coatue.

“This is the vision of what I wanted my personal finance account to look like,” M1 Finance founder and CEO Brian Barnes told Crunchbase...…

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WeLab raises $75m in Series C1 funding

Hong Kong based mobile lender raised $75m in Series C1 funding led by Allianz.

“Obviously, Allianz is one of the largest asset managers and insurers in the world with a strong presence and solid footprint,”...…

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Eco raises $26m in Series A funding

San Francisco based digital global cryptocurrency platform raised $26m in Series A funding led by a16z. 

“We’re building something better than all of those combined,” it said in a blog post. The company’s mission has also been described as an...…

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