News by FinTech Collective

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Viva Republica, developer of Korean financial super app Toss, raises $410m at a $7.4b valuation

South Korea based financial services super-app raised $410m in funding led by Alkeon Capital Management at a pre-money valuation of $7b.

“A lot of challenger banks and neobanks are focusing on the banking experience, such as cards, so their main revenue source is...…

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Berlin-based fintech startup Myos secures €25m for its AI-based lending platform

Germany based AI-based lending platform raised €25m in Series A funding led by Fasanara Capital and Xploration Capital.

“We’re a step ahead of traditional lenders because we look at the retail products, not the merchants ... With Myos, merchants can quickly...…

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French insurtech Hoggo raises €11 million

France based insurtech platform raised €11m in Series A funding led by Partech.

“SMEs and employers are overwhelmed with time-consuming administrative tasks that prevent them from focusing on developing their...…

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Hawk AI raises $10m in Series A led by BlackFin Capital Partners to fuel global expansion for Its AI-Based AML platform

Germany based AI-based anti-money laundering platform raised $10m in Series A funding led by BlackFin Capital Partners.

“We have made it our mission to bring long overdue technology advancements such as Cloud, AI and real-time analytics to these sensitive...…

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Dutch payments startup Mollie raises another $800m at a $6.5b valuation

Netherlands based payments startup raised $800m in Series C funding led by Blackstone Growth at a pre-money valuation of $5.7b.

“The only thing you can reliably measure in payments is consumer spend. That was at 10% and now it’s at 15-20%,” said Shane Happach, CEO.

Atom Finance raises $28m Series B led by SoftBank to empower informed investment decisions globally

New York City based consumer finance research platform raised $28m in Series B funding led by SoftBank at a pre-money valuation of $122m.

“We created Atom to provide unparalleled access to institutional investing resources and tools, filling the white space between...…

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Taptap Send gets $13.4m for a no-fee money transfer service aimed at price-conscious emerging market users

UK based mobile money transfer service raised $13.4m in Series A funding co-led by Canaan Partners and Reid Hoffman.

“Taptap Send is taking advantage of this structural change in mobile money and other distribution networks to offer what we hope is the...…

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Goldman Sachs to disrupt UK transaction business market

Goldman Sachs has launched Transaction Banking (TxB) in the UK, expanding the business which was successfully launched in the US last year.

Since launching in the US last June, Goldman Sachs has attracted more than 250 clients, taking on over $35 billion in deposits and...…

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The tyranny of spreadsheets

A long-form read from the FT on the origin of Excel and how one of our most powerful tools has became one of the most misused. A recent...

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NYDIG and Q2 announce collaboration to offer integrated bitcoin solutions for financial institutions via Q2’s digital banking platform

Portfolio company NYDIG partners with Q2 to bring their 18.3m users access to Bitcoin brokerage services.

“According to a December 2020 study by Cornerstone Advisors, 15 percent of U.S. consumers own Bitcoin or some other form of...…

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Chainalysis raises $100m at a $4.2b valuation to execute vision as the blockchain data platform

New York City based blockchain data platform raised $100m in Series E funding led by Coatue at a $4.2b valuation.

"The future of finance and national security will be based on blockchain data-driven decisions, ... We've harnessed the transparency of...…

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Crediverso, a personal finance platform for the US Hispanic community, raised $3.1m in seed funding

California based Hispanic focused personal finance platform raised $3.1 seed funding led by Clocktower Technology Ventures.

“Individuals can be charged upwards of 15-20% to send money each time they transact...We empower consumers to compare options across all...…

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Tesseract raises $25m in Series A funding

Finland based digital asset management platform raised $25m Series A funding led by Augmentum Fintech.

“This funding is a significant milestone for Tesseract and one of the largest Series A investments in Finland to date. We are humbled to...…

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London hits the SPAC scene

Is late better than never? New UK exchange rule changes are creating room for European SPAC deals just as the sensation fades in the US.

"What’s been going on in the States is almost a bubble...The number of Spacs will decline, but the UK’s listing rule changes will put...…

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Finley inks $3m to streamline debt capital management

San Francisco based debt capital funding and management platform raised $3m in seed financing led by Bain Capital Ventures.

“I was helping borrowers comply with the rules so they did not lose access to their funds...When I took a step back to see what was at...…

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Cloud banking platform 10x Future Technologies raises $187m For international expansion

UK based next generation banking platform raised $187m in Series C funding led by Blackrock and CPPIB at a post-money valuation of $700m.

“With our microservices architecture and [application programming interface (API)]-first design, our platform has been purposefully...…

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FinTech Novo grabs $40.7m to fuel growth

New York based digital bank targeting SMEs raised $40.7m in Series A financing led by Valar Ventures.

“The modern-day online small business owner expects a digital banking platform to offer more than a well-designed interface — they want a...…

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Honey Insurance launches with $15.5m AUD, the largest seed round ever for an Australian tech startup

Australia based next generation, digitally-enabled home insurer raised $11.3m in seed financing led by RACQ.

“I found the sign-up process painful, the fine print was confusing and the insurance company was totally reactive, not proactive. They...…

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Hello Alice puts $21m series B to work connecting business owners to capital, resources

California based small business platform raised $21m in Series B funding led by QED Investors at a pre-money valuation of $81m.

“That is why we launched the small business funding center. America’s comeback from the global pandemic will center around the business...…

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London’s pre-loved vehicle seller/dealer connector Motorway revs up with £48m in Series B round

UK based consumer-to-business used car auction platform raised £48m in Series B funding led by Index Ventures.

“For half a century, inefficient offline processes have led to bad deals and a bad experience for both car sellers and car dealers....…

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FamPay, a fintech aimed at teens in India, raises $38m

India based payments tool for Gen Z raised $38m in Series A funding led by Sequoia Capital India and Elevation Capital.

[Teens make up the] “most tech-savvy generation, as they haven’t seen a world without the internet...They adapt to technology faster than...…

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Payments giant Stripe launches Stripe Tax to integrate sales tax calculations for 30+ countries

On the heels of acquiring sales tax specialist TaxJar in April, today Stripe is making another big move in the area of tax.

The $95 billion payments behemoth is launching a new product called Stripe Tax, which will provide automatic, updated sales tax...…

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BukuWarung, a fintech for Indonesian MSMEs, scores $60m Series A led by Valar and Goodwater

Indonesia based accounting platform for SMEs raised $60m in Series A funding co-led by Valar Ventures and Goodwater Capital.

When asked how BukuWarung plans to continue differentiating from BukuKas, co-founder and CEO Abhinay Peddisetty told TechCrunch, “We...…

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Fintech giant Klarna raises $639m at a $45.6b valuation amid ‘massive momentum’ in the US

Sweden based online payment platform raised $639m in new funding at a $45.6b valuation led by SoftBank Vision Fund 2.

“We report quarterly to national authorities and are a fully regulated bank so do all the things you expect to see from public companies...…

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Pennylane raises $18.3m for its accounting service

France based accounting platform for SMBs raised €15m in Series B funding led by Sequoia Capital.

“Pennylane is becoming the key financial management platform for SME’s in Europe,” Sequoia partner Luciana Lixandru said in a statement....…

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CRE platform Blooma raises $15m in Series A investment round

California based digital underwriting platform for commercial real estate raised $15m in Series A funding led by Canapi Ventures.

“When we founded Blooma, we brought together some of the most talented technologists and lenders in the industry to create a solution...…

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Certificial Raises $5.8m in Series A Funding

New Jersey based certificate of insurance and compliance management software raised $5.8m in Series A funding led by IA Capital.

In Q1 of 2021, the company onboarded over 6,000 new agencies and brokers to the platform, which supports tens of thousands of corporate...…

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Fintech all-star Nubank raises a $750m mega round

Brazil based challenger bank raised $750m in Series G funding (total round is $1.15b) at a $30b valuation led by Berkshire Hathaway.

“The momentum we’re seeing in Mexico is terrific. Our Mexican credit card net promoter score (NPS) is 93, which is the highest we’ve had...…

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Identity verification company Trulioo lands $394m

Canada based online identity verification platform raised $394m in Series D funding at a $1.75b valuation led by TCV.

“Look for an app on your phone, and they are likely a customer,” Cohen said. “The reality today is that enterprises operate in a...…

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Kushki raises raises $86m Series B

Quito-based financial infrastructure provider raised $86m in Series B funding led by SoftBank and an undisclosed global growth equity firm.

“We never thought that we would return home [from the U.S.] and build a company that was more valuable in Ecuador than we had built in...…

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Jeeves emerges from stealth with $131M in debt and equity and a16z as a lead investor

New York based expense management platform for Latin America raised $26m in Series A funding led by Andreessen Horowitz.

“We’re building an all-in-one expense management platform for startups in LatAm and global markets — cash, corporate cards, cross-border...…

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Synctera raises $33m Series A to pair fintechs with banks

San Francisco based fintech-as-a-service platform for community banks raised $33m in Series A funding led by Fin VC.

Put simply, Synctera wants to make it easier for community banks and fintechs to partner with each other. It examines banks’ needs and...…

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Belvo, LatAm’s answer to Plaid, raises $43m to scale its API for financial services

Mexico City open-finance API platform for Latin America raised $43m in Series A funding led by Future Positive, Kibo Ventures, and FJ Labs.

So while Belvo’s goals are “similar to the overarching goal[s] of Plaid,” co-founder and co-CEO Pablo Viguera told TechCrunch that Belvo...…

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Truebill raises $45m for its personal finance app

Maryland based personal finance management app raised $45m in Series D funding led by Accel.

“More than 10,000 members sign up for Truebill every day seeking to better understand and improve their finances,” co-founder and CEO...…

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European insurtech startup Wefox grabs $650m at $3b valuation

Berlin based personal digital insurance platform raised $650m in Series C funding at a $3b valuation led by Target Global.

Wefox believes it can now iterate and generate more and more revenue as it scales — it just needs capital to reach the next level. “We’re...…

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