News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Payment for Order Flow

Bloomberg describes how the practice of payment-for-order flow works, who the key players are, and how regulators currently view the...

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Stripe is now valued at $20B after raising another $245M led by Tiger

San Francisco based payment processor raised a $245m venture financing from Tiger Global, valuing the startup at $20b.

Led by Tiger Global Management, other new backers included DST Global and Sequoia, along with existing investors Andreessen, Kleiner,...…

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Opendoor just raised $400 million in funding from SoftBank’s Vision Fund

San Francisco based real estate marketplace has raised $400m in venture financing from Softbank's Vision Fund, at a valuation north of $2b.

The terms: SoftBank’s massive Vision Fund is investing $400 million for a minority equity stake in the company, with one of its five...…

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Jones Raises $2.8M Seed Round

NYC based SME insurance startup has raised a $2.8m Series Seed led by Hetz Ventures.

We help real estate owners, managers and builders tackle the recurring headache of liability insurance that arises when hiring trade...…

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DTCC Passes TIW Milestone

The DTCC has finished coding its blockchain-based TIW ("trade information warehouse"), provided by portfolio company Axoni and their...

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Bread raises $60m to challenge store brand credit cards

NYC based lending platform for online retailers has raised $60m in Series C financing led by Kinnevik.  

New York-based Bread builds financing offers into the websites of retailers, ensuring customers can view a range of pay-over-time options...…

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Grubhub Closes $390M Acquisition of LevelUp

Grubhub has announced its acquisition of the Boston based provider of mobile diner engagement and payment solutions for...

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LendInvest raises $39.5M to grow its P2P property finance platform

UK based P2P property lending and investment marketplace has raised $39.5m in Series C financing led by Atomico. 

The plan will be to use this funding to continue to develop its technology and grow business into more the traditional (and bigger)...…

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Divido, the consumer finance platform, scores $15M Series A

London based point of sale lending platform has raised a $15 million Series A led by Dawn Capital.

Launched in late 2015, London-based Divido currently works with over 1,000 partners to enable them to offer B2C and B2B finance to their...…

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Mobile bank Chime picks up credit score improvement service Pinch in all-stock deal

The startup was preparing to announce a $1.8 million seed round of funding from Homebrew and Collaborative ahead of its acquisition.

Chime is now one of several millennial-focused mobile banks on the market, which do away with traditional banking fees as well as...…

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Q4 Inc. Raises $38 Million

Canada based provider of cloud based investor relations and capital markets solutions has raised a $38m Series C led by Napier Park.

"At Napier Park, we invest in and partner with the best and brightest in financial technology and are thrilled to be leading this...…

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Indonesian fintech startup Moka raises $24M led by Sequoia India

Indonesia based point-of-sale payments startup has raised a $24m Series B led by Sequoia's India and Southeast Asia fund.

Moka was started four years ago primarily as a point-of-sale (POS) terminal with some basic business functionality. Today, it claims to...…

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Yoco Secures Series B Raise of $16M, Led by Partech

South African point-of-sale payments provider raised $16m in Series B funding led by Partech.

Yoco will leverage its Series B to grow its network of small business merchants, invest in product development, operational scalability...…

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Ambani Brings Internet to India's Poorest

Mukesh Ambani has kickstarted efforts to expand 4G data access in India, where internet usage is still capped at 28% of the total...

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Robinhood Announces Plans to IPO

The commission-free stock trading app confirmed plans to go public, and intends to hire a CFO in the process. Despite its increased...

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OakNorth Raises $100m in Series B

The London based business and property lending startup has raised $100m in Series B financing at a $2.3b valuation. Backers include...

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Monese Raises $60m in Series B Funding

The London based mobile banking platform has secured $60m in Series B funding, led by Kinnevik.

The headline sell is that a Monese account can be opened in as little as 2 minutes, with technology driving the necessary background...…

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Alaia Capital Raises $5.5m in Strategic Funding Round

The Darien, CT based defined outcome investing startup has raised $5.5m in a strategic funding round, led by Centana Growth Partners.

“Alaia Capital is at the forefront of innovation in delivering the next generation of defined outcome investment solutions in a market...…

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UBS To Close SmartWealth Robo-Advisor

UBS has announced that it is closing its robo-advisor and selling the technology to US-based SigFig. The bank cites the limited...

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Arkose Labs Raises $6m Series A

San Francisco based online fraud prevention startup has raised $6m in Series A financing, led by US Venture Partners.

“As automated attacks become more sophisticated, there is a growing need for security solutions that can not only identify fraud and...…

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Yoco Raises $16m Series B

Cape Town based point-of-sale payments startup has secured $16m in Series B financing, led by Partech.

Yoco will leverage its Series B to grow its network of small business merchants, invest in product development, operational scalability...…

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Getting Your Finances in Order? Here Are Some Tools to Help

From budgeting to credit monitoring, the New York Times lists its favorite fintech tools for managing your personal finances.

Whether it’s budgeting, planning your debt payoff, or monitoring your credit, your financial life needs regular, reliable attention. The...…

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Funding Circle Announces Plans to IPO

The London based peer-to-peer lender plans to list shares on the London Stock Exchange. The deal could reach a $390 million valuation.

“Today’s announcement is the start of the next stage in our exciting and transformational journey,” Samir Desai, CEO and co-founder of...…

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Shine Raises $9.3m in Series A

The Paris based banking startup for freelancers has secured $9.3m (€8m) in Series A funding, led by XAnge. 

The company plans to launch a premium plan in the coming months with advanced accounting features. So far, 25,000 freelancers are using...…

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Uber Launches Venmo Payment Integration

Over a year after a similar partnership was made with Apple Pay, Uber and Uber Eats customers can now pay through their Venmo accounts.

Rides and delivery noodles are always better when they’re shared. Now it’s easy to split a ride home from a concert or share the cost of...…

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SynapseFI Announces $17m Series A

San Francisco based banking software platform has secured $17m in Series A financing, co-led by Trinity Ventures and Core Innovation...

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YeePay Announces Plans to Go Public

The Chinese third-party payment service provider intends to list its shares in Hong Kong as early as next year. The deal could be valued...

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SS&C to Acquire Intralinks

The financial services software company announced that it will acquire Intralinks, a global banking and dealmaking startup, for $1.5b...

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Deutsche Bank Invests in ModoPayments

Its second fintech investment of the year, Deutsche invests an undisclosed amount in the Dallas-based mobile payments platform provider....

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ZestMoney Secures $13.4m in Series A

Bengaluru based digital lending startup has raised $13.4m in Series A financing, led by Xiaomi.

Co-founded in 2015 by by digital finance & technology professionals Lizzie Chapman, Priya Sharma, and Ashish Anantharaman, ZestMoney...…

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Colendi Raises $2.5m in Initial Round

Zug, Switzerland based microlending startup raises $2.5m in its initial round of funding. Investors include Aslanoba Capital, Bogazici...

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Salary Finance Raises $20m in Series B to Expand Business in US

The London based employee benefits platform has raised $20m in Series B financing, led by Blenheim Chalcot.

The money will be used to launch and scale the company in the US as well as to continue to support its growth in the UK. Salary...…

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Deserve Raises $17m in Series C

The Menlo Park based credit card startup has secured $17m in Series C funding. Backers include Accel, Aspect Ventures, Pelion Ventures,...

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Dfinity Raises $102m in Funding

Zug, Switzerland based cloud computing blockchain startup has secured $102m in funding, co-led by Andreessen Horowitz and Polychain Capital.

Williams anticipates Dfinity will launch a private version of its network later this year in order to let developers test out...…

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Terra Raises $32m Seed Funding

Singapore based Stablecoin and blockchain protocol startup Terra has raised $32m in seed funding. Investors include Polychain Capital,...

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Very Good Security Announces $8.5m Series A

San Francisco based data security startup has raised $8.5m in Series A financing, led by Andreessen Horowitz.

“You can’t hack what isn’t there,” Very Good Security co-founder Mahmoud Abdelkader tells me. His startup assumes the liability of...…

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Exabel Raises $4.7m in Seed Funding

Oslo, Norway based financial monitoring startup has raised $4.7m in its second seed round. Investors include Vatne Equity,...

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MoneyLion Hires Ogilvy Veteran as New CMO

Bill Davaris, former executive creative director at Ogilvy, has joined FinTech portfolio company MoneyLion as its new CMO. In an...

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MyCrypto Raises $4m Series A

The Los Angeles based digital asset startup has raised $4m in Series A funding, led by Polychain Capital.

“We believe today one of the major bottlenecks to cryptocurrency adoption is the lack of an easy-to-use interface for average people,”...…

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AirTM Raises $7m in Series A

The Dover based money conversion platform has raised $7m in Series A financing, led by BlueYard Capital.

While many of you probably don’t see why you’d use a service like this, AirTM’s users in Venezuela are willing to pay high fees to...…

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Beacon Platform Secures Series A

The New York City based cloud infrastructure platform for financial institutions announced its Series A close, led by PIMCO. Specifics of...

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