News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Boston based home insurtech startup, Openly, closed $7.65m seed round

Boston based home insurtech startup raised $7.65m in seed funding led by Gradient Ventures, Google's AI focused venture fund.

"Some people in the tech world think that the term 'insurance agent' refers to a relic of the past, but they're wrong," said Ty Harris,...…

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Juniper Square raises $75m Series C to digitize commercial real estate investing

San Francisco based investment management platform for commercial real estate raised $75m in Series C funding led by Redpoint.

“In an ideal world, commercial real estate could be traded with the information, trust, and ease available in public equity markets. The...…

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Compound raises $25m Series A led by A16z

San Francisco based decentralized finance lending protocol has raised $25m of Series A Capital led by A16z crypto.

“We’re planning to integrate Compound into as many custodians, exchanges, wallets, and brokers as we can,” Leshner said, “to allow...…

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PalmPay is live in Nigeria with $40m investment from Chinese investors

Nigeria based online payments joint venture between Transsion, Africa's top phone maker, and Chinese giant, NetEase, raised $40m. 

In addition to the funding, Transsion will offer PalmPay a unique market advantage as the payments app will come pre-installed on...…

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Data Cubes, an underwriting SaaS startup for P&C insurers, closes $15.2m Series B

Chicago based provider of underwriting software for P&C insurers raised $15.2m in Series B funding led by Palm Drive Capital.

“A lot of carriers start with, ‘Why?’ They want to know why they would use this platform, why go through all of the transition for...…

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Jail terms for 13 bankers over Monte Paschi scandal

Thirteen former bankers from Monte dei Paschi di Siena, Nomura and Deutsche Bank were sentenced to jail on Friday in Milan.

Judges delivered a seven-year jail term to former Monte dei Paschi managers Giuseppe Mussari and Antonio Vigni, and five years for former...…

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Financial visualization startup, Digits, comes out of stealth with announcement of $10.5m Series A

San Francisco based financial visualization startup raised a $10.5m Series A led by Benchmark.

“Globally, most entrepreneurs today have no formal training in business finance. We certainly didn’t. Today, you start a company to solve...…

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Canadian National Bank leads C$10 Series A in saving and investing app Mylo

Montreal based saving and investing app has raised C$10 million in Series A funding led by National Bank.

“Mylo’s mission has always been to help Canadians achieve their financial goals. With over 450,000 Canadians creating accounts to save...…

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Global payroll and payment management platform Papaya Global raises $45m Series B

New York based global payroll and payment management platform has raised $45m in Series B funding led by Insight Partners.

Papaya Global aims to solve a complex problem—managing an international workforce across labor laws, time zones and languages.

GS leads $50m investment in millennial credit-card start-up Deserve

SF based millennial credit card as a service startup has raised $50m in Series C  capital from Goldman Sachs.

The company, which started out as SelfScore in 2013, initially targeted international students who couldn’t get traditional credit cards....…

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Japanese instant-credit provider Paidy raises $143 million from investors, including PayPal Ventures

Japanese instant credit provider raised $83m in Series C extension from PayPal Ventures.

Paidy’s solution is to make it possible for people to pay for merchandise online without needing to create an account first or use their...…

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Robinhood closes out Series E

SF based commission free stock trading app raised $50m in new Series E from DST to close out the round at a $7.6b valuation.

This closes out a $373 million Series E round at a $7.6 billion valuation, which was announced in July as a $323 million round led by DST.

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