News by FinTech Collective

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News by FinTech Collective Archive

TransferWise - Nothing2hide

Seeking to do things a bit differently, in 2014, Wise (fka TransferWise) organized a flashmob as part of the 'Nothing2Hide' campaign,...

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QisstPay raises $15m in Seed funding

Pakistan based buy-now-pay-later company raised $15m in Seed funding led by MSA Capital.

“Over 60% of Pakistan’s population is under the age of 30, which means that the majority of the country is adopting new technologies,” he...…

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AlphaSense raises $180m in Series C funding

New York based financial research and market intelligence platform raised $180 million in Series C funding led by Viking Global Investors. 

“Back then we were already benefiting from consumer search engines like Google GOOG +0.4%, but nobody had built a search engine for...…

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Alloy raises $100m in Series C funding

New York based identity operating system for the financial sector raised $100m in Series C funding led by Lightspeed Venture Partners.

“It’s really hard for fintech companies and banks to deploy products that are both safe for them, meaning they won’t take on a bunch of...…

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Konfio raises $110m in Series E funding

Mexico based small business lender raised $110m in Series E funding led by Tarsadia Capital and QED Investors.

Konfio joins only a handful of startups in Mexico that have reached the still rare unicorn status, such as used-car seller Kavak,...…

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Zero Hash raises $35m in Series C funding

Chicago based digital assets infrastructure startup raised $35m in Series C funding led by Point72 Ventures.

"In our view, every financial services firm will offer cryptocurrencies in some form within the next 12 to 18 months," Edward Woodford,...…

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Buckle raises $60m in Series B funding

Jersey City based provider of insurance and credit products to gig workers raised $60m in Series B funding led by Volery Capital Partners.

“This new raise helps validate Buckle’s positive momentum across its insurance programs and reinforces our belief in the opportunity for...…

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Betterment raises $60m in Series F funding

New York based investment and savings app raised $60m in Series F funding led by Treasury. 

“The fundraising is coming off of a year where we’re delivering incredible momentum,” Levy said.

Highnote raises $54m in Seed and Series A funding

San Francisco based virtual payment card enablement startup raised $54m in Seed and Series A funding led by Oak HC/FT.

“There is an incredible opportunity today to design a platform built for purpose, to fill the need for embedded finance, and to allow...…

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EquityBee raises $55m in Series B funding

Palo Alto based provider of stock options funding solutions raised $55m in Series B funding led by Group 11.

“The average employee needs $140,000 in cash to exercise fully,” Barzilai said. In total he estimates that there is up to $60 billion...…

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Hedvig raises $45m in Series B funding

Sweden based neo-insurer raised $45m in Series B funding led by Anthemis.

“One of the reasons we transitioned into a full-stack carrier was to enable us to serve our members as they progress through life,” said...…

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Rize raises $11.4m in Series A funding

Virginia based fintech-as-a-service startup raised $11.4m in Series A funding led by Alpha Edison and Morpheus Ventures.

In an interview with senior leadership, Rize told TechCrunch that it has built a compliance management system into its product, likening...…

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Parafin raises $34m in Seed and Series A funding

San Francisco based fintech company for small businesses raised $34m in Seed and Series A funding led by Ribbit Capital and Thrive Capital.

“It was so obvious that small businesses are struggling,” Mr. Furman said. Parafin also plans to expand to offer other financial products...…

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Nomad Homes raises $20m in Series A funding

San Francisco based property tech startup in Europe, the Middle East and Africa, raised $20m in Series A funding led by 01 Advisors. 

“Nomad Homes has built an incredible platform that is shaping the future of real estate across EMEA,” said Dick Costolo, managing partner...…

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Omaha National raises $45m in Series B funding

Omaha based insurtech focused on workers’ comp for SMBs raised $45m in Series B funding led by Accomplice.

“We see an unmet need in workers’ compensation for a company that employs advanced technology to achieve better claim outcomes and...…

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Swan raises €16m in Series A funding

France based banking-as-a-service platform raised €16m in Series A funding led by Accel.

“Our ambition for this funding round is to provide banking features with local flavor, specialized for a multitude of local EU markets:...…

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Capital Float raises $50m in new funding

India based BNPL startup raised $50m in new funding led by Lightrock India. 

“Our customer base has more than quadrupled in the last 12 months, and our collection efficiency was still more than 95% during this...…

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Cover Genius raises AUD $100m in Series C funding

New York based embedded insurance company raised AUD $100M AUD in Series C funding led by Sompo Holdings.

“With 70% of customers wanting embedded insurance integrated into their online experiences, our XCover distribution platform is helping...…

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Ascend Money raises $150m in Series C funding

Thailand based e-wallet fintech company raised $150m in Series C funding led by Charoen Pokphand Group.

“The growth in e-payment suggests changing consumers’ spending habits as Southeast Asia moves toward a digital economy and a cashless...…

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Inside Klarna CEO Sebastian Siemiatkowski’s Striking Home

Sebastian Siemiatkowski, CEO of the buy-now-pay-later company Klarna has built quite the pad... The WSJ takes a tour here.

Instant gratification is not something financial regulators are inclined to applaud, however, and some of them look sideways at the very...…

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Awning raises $9.3m in Seed funding

San Francisco based real estate investing brokerage raised $9.3m in Seed funding led by Global Founders Capital.

“Once an investor is ready to move further, they can use our platform to communicate with an advisor and place offers,” Ganeshram said.

$ML is now NYSE listed

Dee Choubey shares his thoughts as MoneyLion begins a new chapter as a publicly listed company -- writing that "When we started MoneyLion...

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Cobo raises $40m in Series B funding

Singapore based DeFi-as-a-service startup raised $40m in Series B funding led by DST Global, A&T Capital and IMO Ventures.

"In the past, we’d witnessed crypto applications evolve from Bitcoin to DeFi and now NFTs. In due time, I even foresee metaverses will be...…

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Atome raises $400m in Series D funding

Singapore based BNPL startup raised $400m in Series D funding led by SoftBank.

"The new financing will also accelerate the digital transformation of enterprises and merchants, big and small, while enabling more...…

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Dapper Labs raises $250m in Series D funding

Canada based company behind NBA Top Shot and the Flow blockchain raised $250m in Series D funding led by Coatue.

“We think Dapper Labs is a leader in the space at the infrastructure level with the Flow blockchain and at the application layer with NBA...…

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Spenmo raises $34m in Series A funding

Singapore based cloud payments software startup raised $34m in Series A funding led by Insight Partners.

"Finance and accounts payables in particular have always been thought of as back-office functions that don't deserve any attention - we...…

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ZestMoney raises $50m in Series C funding

India based BNPL startup raised $50m in Series C funding led by Zip. 

“This is a deep validation of our position as market leader in the Buy Now Pay Later category in India. The shift towards Pay Later...…

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Sunday raises $100m in Series A funding

Atlanta based restaurant payment app raised $100m in Series A funding led by Coatue.

“Digital payment solutions are enhancing the customer experience across the board,” said Philippe Laffont, Founder of Coatue. “We believe...…

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Blockdaemon raises $155m in Series B funding

Los Angeles based provider of blockchain staking infrastructure raised $155m in Series B funding led by SoftBank Vision Fund 2. 

“This latest large infusion of capital will ensure that we continue to revitalize existing financial infrastructure,” said Blockdaemon...…

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Metrika raises $14m in Series A funding

Cambridge based operational intelligence startup for blockchain raised $14m in Series A funding led by Neotribe Ventures. 

“As distributed ledgers grow in popularity, operational performance management tools will serve as the critical infrastructure required...…

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TrueLayer raises $130m in new funding

London based API platform for open banking raised $130m in new funding led by Tiger Global.

“TrueLayer is carving a new world of payments altogether, which can deliver a fundamentally faster, safer and more user-friendly...…

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Airwallex raises $200m in Series E funding

Australia based businesses banking provider raised $100 million in Series E funding led by Lone Pine Capital.

“We found that making payments as a small business was slow and expensive,” he said, since it involved banks in different countries and...…

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FloBiz raises $31m in Series B funding

India based neobank for SMEs raised $31m in Series B funding led by Sequoia Capital India and Think Investments.

“SME-focussed neobanks are building engagement with business- clients through their ability to provide solutions like automated...…

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Blueground raises $140m in new funding

New York based provider of short-term furnished apartment rentals raised $140m in new funding led by WestCap Group.

“Blueground is uniquely positioned to address the growing need for flexibility in real estate as companies continue to delay...…

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Avalanche raises $230m in new funding

Brooklyn based blockchain focused on speed and low transaction costs raised $230m in new funding led by Polychain and Three Arrows Capital.

Avalanche and its underlying token AVAX is currently the 14th cryptocurrency by total market capitalization according to CoinMarketCap....…

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Mynd raises $57.3m in growth funding

Oakland based real estate investing platform raised $57.3m in growth funding led by QED Investors.

“Plus it provides total visibility and transparency for our owners around the health of their investments,” he said “Unlike other...…

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Form3 raises $160m in Series C funding

London based platform payment technology provider raised $160m in Series C funding led by Goldman Sachs Asset Management.

Michael Mueller, chief executive officer at Form3 comments: “More and more financial institutions (FI’s) are placing mission critical...…

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Equifax will now offer credit reports in Spanish

The move will help more than 62 million Spanish speakers in the U.S. Equifax is the first credit reporting firm to offer the service.

“We recognize there is a clear demand for broader availability of information in Spanish, and we created this Spanish-language report to...…

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Self Financial raises $50m in Series E funding

Austin based startup that helps consumers establish and build credit history raised $50m in Series E funding led by Altos Ventures.

“Credit score is used for a lot of things, and in many states it’s an important factor in determining the cost of auto insurance,” he...…

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Coinfirm raises $8m in Series A funding

London based reg-tech startup focused on digital currencies raised $8m in Series A funding led by SIX Fintech Ventures.

“The Series A unlocks Coinfirm’s potential in the crypto compliance and analytics space as we expand in a fast-paced growth market. I am...…

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Ascend raises $5.5m in Seed funding

Palo Alto based insurance payments platform raised $5.5m in Seed funding led by First Round Capital.

“Insurance carriers continue to focus on annual payments because they don’t have a choice,” he added. “They want all of their money up...…

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Abra raises $55m in Series C funding

Mountain View based crypto wallet raised $55m in Series C funding led by Ignia and Blockchain Capital. 

Abra plans to use its latest funding to develop new offerings in wealth management, trading and payments for its high-net-worth and...…

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TomoCredit raises $10m in Series A funding

San Francisco based credit card for first-time borrowers raised $10m in Series A funding led by Kapor Capital and KB Investment.

“In the beginning, we thought international students and immigrants would be most interested in our product,” she told TechCrunch. “But...…

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Peach Finance raises $20m in Series A funding

Oakland based loan serving SaaS raised $20m in Series A funding led by Canapi Ventures.

“I have seen firsthand the challenges that emerging lenders have commonly faced, and legacy platforms continue to fall short in a few...…

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Xendit raises $150m in Series C funding

Indonesia based payments infrastructure startup focused on Southeast Asia raised $150m in Series C funding led by Tiger Global.

Xendit decided to raise again because to fuel expansion into other countries, Wijaya told TechCrunch. “Our core focus at the moment for...…

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Ribbon raises $150m in Series C funding

New York based homeownership platform raised $150m in Series C funding led by Greenspring Associates.

"We are thankful to our investor group for their confidence and support in our mission to make homeownership achievable," Shaival Shah,...…

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Melio raises $250m in new funding

New York based B2B payments platform for small businesses raised $250m in new funding led by Thrive Capital and General Catalyst. 

Melio said it planned to use the funds to expand its partnerships with financial institutions, software providers and marketplaces.

Pacaso raises $125m in Series C funding

San Francisco based company for second home ownership raised $125m in Series C funding led by Softbank Vision Fund 2. 

“Spain is a market where a lot of people in Europe aspire to own second homes,” Allison said. “There’s a very diverse base of people that...…

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Papaya Global raises $250m in Series D funding

New York based global people management platform for the remote work era raised $250m in Series D funding led by Insight Partners. 

“2021 is a breakthrough year for Papaya,” said Papaya Global Co-founder and CEO Eynat Guez. “We set a new standard for global payroll...…

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SpotOn raises $300m in Series E funding

San Francisco based payments company focused on SMBs raised $300m in Series E funding led by a16z. 

“SMEs are going to benefit from the scalable tech that can grow with them, including things like kiosks and offline modes, and for the...…

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Pluang raises $35m in Series B funding

Indonesia based investment and savings app raised $35m in Series B funding led by Square Peg. 

“We have been fortunate to double down on Pluang in every funding round making it one of our core portfolio holdings. We continue to be...…

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Billogram raises $45m in new funding

Stockholm based payments platform for recurring billing raised $45m in new funding from Partec.

“We are excited to partner with Jonas and the team at Billogram.” says Omri Benayoun, General Partner at Partech, in a statement. “Having...…

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Vouch raises $90m in Series C funding

San Francisco based business insurance startup raised $90m in Series C funding led by Redpoint Ventures, SVB Capital and Ribbit Capital.

“It’s our responsibility to meet startup founders where they are, and give startups flexibility as they navigate changing laws,...…

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Orchard raises $100m in Series D funding

New York based home buying and selling platform raised $100m in Series D funding led by Accomplice.

"We're proud to have built a business that gives the consumer unparallelled convenience, certainty, and control when buying a home." said...…

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Lean raises $4.5m in Seed funding

California based provider of financial products for gig workers raised $4.5m in Seed funding led by Inspired Capital.

“Seventy percent of independent workers live paycheck to paycheck and 30% are inadequately insured,” he said. “Independent workers will...…

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Koyo raises $50m in new funding

London based provider of loans for individuals with poor credit raised $50m in new funding led by Force Over Mass.

Thomas Olszewski, Koyo’s founder and a former VC with Frontline Ventures in London and Cavalry Ventures in Berlin, said in a statement: ...…

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Eden Network raises $17.4m in Seed funding

New York City based maker of a network focused on protecting Ethereum traders raised $17.4m in Seed funding led by Multicoin Capital.

Sheridan said users who stake EDEN tokens get priority in Eden blocks with protection from MEV, improved trade privacy, and better price...…

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HoneyBee raises $5.7m in Series A funding

Los Angeles based financial wellness as-a-benefit startup raised $5.7m in Series A funding led by FFVC.

“My credit was negatively impacted to the point where I found myself unable to get access to any affordable credit,” she recalls. “I wish...…

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Jetty raises $23m in new funding

New York based renter payment platform raised $23m in new funding led by Citi and Flourish Ventures.

“Around 50% of the average renter’s paycheck is going to rent. So this is the largest expense of any renter, on a given month,” he said....…

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Addi raises $75m in Series B extension funding

Bogota and São Paulo based BNPL startup raised $75m in Series B extension funding led by Greycroft. 

“We lost 99% of our GMV in 20 days when the pandemic hit. We had to make some painful decisions, including letting go of many of our...…

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Marshmallow raises $85m in Series B funding

UK based car insurance startup raised $85m in Series B funding led by Passion Capital. 

“We started with the idea of the power of data and using a wider range of resources [than incumbents], and using that in our pricing led...…

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Kalepa raises $14m in Series A funding

New York City based commercial insurance startup raised $14m in Series A funding led by Inspired Capital.

Co-Founder and CEO, Paul Monasterio said: “InsureTech has seen a massive evolution over the past decade, but commercial insurance—which...…

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Ryd raises €10m in new funding

Munich based in-car digital payments provider raised €10m in new funding led by BP Ventures. 

“In-car digital payments are an integral part of the seamless and convenient experience that customers increasingly expect at our retail...…

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Zebedee raises $11.5m in Series A funding

New York based developer of "Bitcoin-powered payment rails" raised $11.5m in Series A funding led by Lakestar.

“Blockchain changes what is possible with a game,” said Ben Cousens, principal at Lakestar, in an email to GamesBeat. “Players now seek...…

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Jeeves raises $57m in Series B funding

New York based expense management platform for startups raised $57m in Series B funding led by CRV.

“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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