News by FinTech Collective

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News by FinTech Collective Archive

Startup Lithic valued at $800m

New York based payments startup raised $60m in Series C funding led by Stripes at a post money valuation of $800m.

“The process for issuing cards is expensive and archaic...our goal is to make it as fast and as easy as possible," said Bo Jiang, CEO and...…

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Nium hits unicorn status with $200m funding round

Singapore based B2B payments platform raised $200m in Series D funding led by Riverwood Capital at a post money valuation of $1b.

“We believe we can be a global catalyst to increase global commerce, removing some of the payments friction that has traditionally held...…

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Dutch and US-based FRISS secures €54.8m to develop fraud detection software for insurers

Holland / US based insurance anti-fraud platform raised €54.8m in Series B financing led by Aquiline Technology Growth and Accel-KKR.

“We recognise that the insurance industry is tackling challenges on many fronts including cost pressures, the need for efficiency and...…

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Relief, debt negotiation as a service, raises $2m

New York based debt negotiation service raises $2m in seed funding led by Collaborative Ventures.

“Trust is the biggest challenge...we have to get into consumers’ houses and de-stigmatize this horrible problem. The solution is not...…

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Mercury raises $120m in Series B funding

San Francisco based Mercury raised $120m in Series B funding led by Coatue Management at a post-money valuation of $1.62b.

"Our focus is as singular as ever: we still want to turn banking into something like magic. We’ll use this new funding to expand our team...…

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A16z leads $20m investment in Valora

San Francisco based Celo native digital wallet raised $20m in Series A funding led by Andreesen Horowitz.

“Consumer awareness of crypto has never been higher, and yet many people remain on the sidelines, either due to skepticism or lack of...…

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Insuretech startup Spot brings in $17.5m to fill insurance gaps for accidental injuries

Texas based accident insurance provider raised $15m in Series A financing led by GreatPoint Ventures. They also raised $2.5m in debt.

“Every major market was disrupted by some change of distribution, like Netflix and Airbnb...we are setting the foundation to drive change...…

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Commercial real estate startup Jones announces $12.5m Series A led by JLL Spark and Khosla Ventures

New York City based commercial real estate startup raised $12.5m in Series A funding led by JLL Spark and Khosla Ventures.

"For too long, the commercial real estate industry has been held back by a burdensome compliance process that's more focused on who can't...…

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Esusu raises $10m in Series A funding led by Motley Fool Ventures with investment from Serena Williams’ Serena Ventures

New York City based rent reporting and data solution platform raised $10m in Series A funding led by Motley Fool Ventures.

“Esusu is an excellent example of an innovative fintech company leveraging technology to deliver scalable and much-needed financial...…

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Paro announces $25m Series B funding

Illinois based provider of on-demand financial expertise raised $25m in Series C funding led by Madrona Venture Group.

“2020 was a unique moment in the evolution of work, showing that even the most complex finance projects, such as ERP implementation,...…

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Prodigal raises $12m to give lenders actionable insights, streamline their operations using AI

California based intelligence layer for loan servicing and collection operations raised $12m in Series A funding led by Menlo Ventures.

"Prodigal turns interactions into insights. These standardized and structured insights flow between stakeholders like loan originators,...…

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Crypto venture studio Thesis raises $21m to keep building

Florida based crypto venture studio raised $21m in Series A funding with participation by  ParaFi Capital, Nascent, and Polychain Capital.

“Thesis is one of the best repeat builders in our ecosystem, leveraging their early crypto expertise to bring to market technology that...…

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LinkSquares raises $40m to tackle contract analytics

Massachusetts based contract analytics platform raised $40m in Series A extension funding led by Sorenson Capital.

“Just this past year, legal and compliance teams raced to analyze their business exposure to major events across PDFs, paper contracts,...…

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Cape Analytics gains $44m in financing

San Francisco based insurance analytics platform raised $44m in Series C funding led by Pivot Investment Partners.

“We are currently prioritizing growth and product innovation to support our rapidly expanding roster of customers,” said Kayvan Farzaneh,...…

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YuLife raises $70m to protect lives, reward living and inspire life.

London based life insurance and wellbeing platform raised $70m in Series B funding led by Target Global at a post money valuation of $347m.

“YuLife is redefining life insurance, using the most innovative technologies to transform a largely traditional industry. With health and...…

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Morty announces $25m Series B funding

New York based online mortgage platform raised $25m in Series B funding led by March Capital at a post money valuation of $150m.

“The past twelve months have been a transformative time for the housing market...our business model, and our philosophy, are about...…

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Nordic challenger Lunar receives €210m

Denmark based challenger bank raised €210m in Series D funding led by Tencent, Kinnevik and Heartland.

“We are at a true crossroads in the Nordics...both private and business customers expect a more convenient, empathic and engaging...…

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Weavr raises £7m to power embedded finance

London based embedded finance platform raised £7m in seed extension funding from Anthemis, QED Investors and Seedcamp.

“The need for simple and accessible tools to integrate banking in everyday products and services is urgent...as the world begins to look...…

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M1 Finance raises $150m in SoftBank-led Series E

Chicago based M1 Finance raised $150m in Series E funding led by SoftBank at a post money valuation of $1.45b.

“Lockdown led many to decrease their spending, while an uncertain future increased the appetite to build wealth for the long-term through...…

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Singapore-based Tinvio raises $12m Series A

Singapore based financial services platform for supply chain merchants raised $12m in Series A funding led by AppWorks Ventures.

“It’s only been live for a couple of months, but we’ve already gotten so much feedback from our users and we’re sprinting to unlock new...…

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Banks launch carbon marketplace

NatWest, CIBC, ITAU and NAB have joined forces to create a blockchain-based marketplace where firms can buy and sell carbon offsets.

Launching as a pilot in August, Project Carbon will act as a place where the four banks' corporate customers buy and sell carbon offsets...…

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Marco Financial raises $82m in debt, equity seed round to support small Latin American exporters

Florida based LATAM focused export loan platform raised $7m in seed funding led by Kayyak Ventures. They also raised a $75m credit line.

“For small and medium businesses in trade, this is important for companies creating a high level of job growth and lowering the poverty...…

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Philippines’ Voyager Innovations secures $167m for PayMaya expansion into financial services, digital banking

Philippines based mobile wallet platform raised $167m in funding led by Tencent, KKR and PLDT (Largest Telco in the Philippines).

“We have seen a quantum leap for digital payments adoption in the Philippines over the past year, and PayMaya has served as the nexus...…

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