News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Fintechs founded by women are better investments, KPMG finds

KPMG surveyed 91 financial-technology companies in the U.K., including nine where at least one founder was a woman.

“While the number of female founders or co-founders is low, the fact that they typically achieve a higher rate of return is a clear vote...…

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Edison Partners Leads $11M Growth Round in Fund That Flip

New York based residential refinancing platform raised an $11m Series A led by Edison Partners.

With a low supply of new single-family homes, affordability is a concern for many home buyers in the US. The online real estate finance...…

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Swiss Fintech Startup Becomes a $1 Billion Unicorn

Zurich based banking startup has raised a $40m equity financing at a valuation over $1b from unnamed investors.

A Zurich-based fintech firm whose investors include Josef Ackermann has raised additional money to value the company at more than $1...…

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WeWork rival Knotel achieves ‘unicorn’ status after $400m funding

New York based office leasing startup has raised $400m in financing at a $1b valuation led by Wafra.

Knotel, a New York-based startup that designs and operates bespoke spaces for brands, raised $400 million in funding at a valuation of $1...…

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Coinmine raises $2.5 million

Los Angeles based provider of crypto mining hardware and software raised $2.5m in Seed funding led by M13 Ventures.

The company plans to hire engineers with the capital. This team will build new features and expand the option to mine more...…

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Investment bank job cuts near 30,000 as outlook sours

Almost 30,000 lay-offs have been announced since April at banks including HSBC, Barclays, Société Générale, Citigroup and Deutsche Bank.

Bank executives are under pressure from investors to cut costs and protect profits. Since long-term US interest rates began to fall in...…

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Flatfair raises $11 million

London based provider of a platform for landlords to offer "deposit-free" renting to tenants raised $11m in Series A funding led by Index...

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More and more fintech firms in Dubai

The Dubai International Financial Centre (DIFC) says that the number of licensed fintech firms has gone from 35 to more than 80 in H1...

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Artivest announces leadership change

Portfolio company Artivest announced this week that Martin Beaulieu is becoming the company's Executive Chairman and CEO, and that James...

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Delio raises £3.3 million

UK based provider of technology that helps global financial institutions manage private asset offerings raised £3.3m in funding led by...

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Leader Bank spins out ZSuite Technologies

Arlington, MA based provider of software tools that help banks serve real estate owners and property managers raised $6m of outside...

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QFPay raises $20 million

China based provider of mobile payment services raised $20m in funding led by Sequoia Capital China and Matrix Partners.

QFPay is the largest global partner of WeChat Pay and Alipay, enabling them to process payments to merchants around the world. Founded...…

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China's digital currency is "ready"

China's central bank announced at the China Finance 40 Group meeting this week that the country will soon release its central bank...

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LendInvest raises £200 million

London based provider of an online marketplace for property finance raised £200m from National Australia Bank.

This new funding expands LendInvest’s capacity to lend in the ‘Buy-to-Let’ market in the UK, as underscored by co-founder and CEO,...…

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"Buy now, pay later" on the rise

Fintech firms enabling "buy now, pay later" services are on the rise, highlighted by Klarna's recent $5.5b valuation. Clever marketing...

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Joust Labs raises $2.6 million

Austin, TX based financial services platform for freelancers and entrepreneurs raised $2.6m in Seed funding led by PTB Ventures.

Led by Lamine Zarrad, founder and CEO, Joust allows freelancers, sole proprietors, and small and midsized businesses in the United States...…

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Rupeek raises $30 million

India based provider of an online marketplace for gold loans raised $30m in funding led by Bertelsmann India Investments.

Rupeek claims it is currently disbursing gold loans at an annual run rate of more than $150 million and is growing 20 percent...…

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Funding Circle co-founder to step down

Following the announcement of £31m of losses over the first half of 2019, Funding Circle co-founder and U.K. chief James Meekings will...

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Kik Interactive fights back

The SEC alleges that Kik's $100m token sale was illegal, but Kik this week filed a lawsuit against the SEC alleging the SEC is “twisting”...

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Can Klarna break the mold?

Many of Sweden's most successful startups are now headquartered outside of Sweden or have been acquired by foreign companies. So can or...

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Lendingkart raises $30m

India based provider of working capital to micro, small and medium-sized enterprises raised $30m in Series D funding from Fullerton...

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Ramp Financial raises $7 million

New York based provider of a corporate charge card tailored for startups raised $7m at a pre-money valuation of $25m from Founders Fund,...

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Viva Republica raises $64 million

South Korea based provider of Toss, a simple and frictionless P2P money transfer service, raised $64m in funding led by Aspex Management,...

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ScaleFactor raises $60 million

Austin, Texas based provider of accounting automation software for SMEs raised $60m in Series C funding led by Coatue Management.

The six-year-old company is growing rapidly and says it needs the capital to keep up with demand. Evidence of that growth can be seen in...…

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Sidecar Health raises $18 million

Los Angeles based provider of health care insurance plans customized to customers' needs raised $18m in funding led by GreatPoint...

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Inflated bond prices are lurking

The Wall Street Journal reports that regulation aimed at improving rating quality has instead likely hurt it - competition has led...

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SafetyWing raises $3.5 million

Norway based provider of medical insurance for gig-economy workers working outside of their "home country" raised $3.5 in Seed funding...

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You heard rappers correctly: "Cash App"

Square's Cash App has become the go-to money transfer service in the lyrics of some of the world's most famous rappers and musicians. The...

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FinMkt raises $5 million

New York City based provider of technology and infrastructure for the online lending industry raised $5m in Series B funding led by...

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C2FO raises $200 million

Kansas City, Missouri based provider of a marketplace for working capital raised $200m led by the SoftBank Vision Fund.

“We invested in C2FO because we think their disruptive innovation offers a solution to an industry that has traditionally lacked...…

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Morty raises $8.5 million

New York City based online mortgage broker raised $8.5m in Series A funding led by Prudence Holdings.

[Morty co-founder Nora] Apsel said that “As well as having a digital platform that automatically verifies and underwrites people so that...…

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Singapore unveils new fintech sandbox process

The Monetary Authority of Singapore announced a new option for their fintech sandbox - "Sandbox Express" - which will allow companies to...

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PayJoy expanding to Brazil by late 2019

San Francisco based PayJoy plans to launch in Brazil by late 2019, at which point it will assist low-income consumers in obtaining credit...

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Scalable Capital raises €25 million

Munich, Germany based provider of digital wealth management raised €25m in Series C funding from existing shareholders BlackRock, HV...

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Eftsure raises $2.5 million

Australia based provider of protection against payment fraud in the B2B sector raised $2.5m in funding led by Our Innovation Fund.

Co-founder and CEO Mike Kontorovich says: “Cybercrime targeted at businesses is fuelled by a perfect storm of e-mail usage, social...…

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ePayRails raises $2.45 million

Jacksonville, FL based provider of B2B payments as a service raised $2.45m in Series A funding led by Aspire Fund Management.

Kerwyn Valley, Managing Director at Aspire Funds, also commented: “We are excited to expand our reach and portfolio profile through...…

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Moneylion #22 car places first

At the NASCAR Xfinity Series race at Watkins Glen International this past Saturday (August 3rd), driver Austin Cindric guided his...

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KKR acquiring Heidelpay

Germany based provider of online and mobile payment processing services has agreed to sell a majority stake to KKR for more than €600m.

“We see enormous growth potential both organically and through M&A across Europe,” said KKR’s Daniel Knottenbelt. “We will draw on our...…

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Brubank sells 15% stake

Argentina based digital bank Brubank sold 15% of the company to Canadian billionaire David Thomson. Brubank will use the funds to...

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FTX raises $8 million

San Francisco based provider of a cryptocurrency derivatives exchange and trading platform raised $8m from Proof of Capital, Consensus...

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Human Interest raises $15.4 million

San Francisco based provider of software to help small businesses build their own retirement plans raised $15.4m in Series B funding led...

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Ibotta valued at $1 billion

Denver, Colorado based provider of cashback and rebates for in-store and mobile purchases raised a Series D round led by Koch Disruptive...

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Dough raises $20 million

Chicago based commission-free broker raised $20m from Tastytrade, Inc., and will operate as a wholly owned subsidiary of Tastytrade.

With the backing of tastytrade, Dough has the fintech expertise of tastytrade’s co-CEOs Tom Sosnoff and Kristi Ross. Last summer,...…

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CompareAsiaGroup raises $20 million

Hong Kong based provider of a financial management platform for banking and insurance products and services raised $20m in Series B1...

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Klarna raises $460 million

Swedish based provider of payments solutions raised $460m, at a post-money valuation of $5.5b, led by Dragoneer Investment Group.

Klarna’s European presence is strong, based on the back of its credit card-alternative payment method, which allows customers to pay over...…

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BlockFi raises $18.3 million

New York City based cryptocurrency lender raised $18.3m in Series A funding led by Valar Ventures.

According to the report, BlockFi was the first company to receive institutional funding for crypto-based loans in United States dollars,...…

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Indifi raises $21 million

India based provider of loans to small and medium-sized businesses, as well as an online lending marketplace, raised $21m in Series C...

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Mastercard buys a majority stake in Nets

Mastercard announced that it is paying €2.85b for a majority stake in the corporate services group of Nets, the Danish provider of...

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Penta raises €8 million

Germany based provider of a digital platform for business banking to SMEs raised €8m in funding led by HV Holtzbrinck Ventures. The new...

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FNA raises $5.5 million

UK based provider of regtech services to map and monitor risks raised $5.5m in Series A funding led by IQ Capital.

“FNA set out to make the global financial system safer and more efficient through better, data driven, understanding of the...…

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Aspire raises $32.5 million

Singapore based provider of online lending to SMEs raised $32.5m in Series A funding led by MassMutual Ventures Southeast Asia. 

Co-founder and CEO Andrea Baronchelli tells TechCrunch that about 1,000 business accounts are opened each month on Aspire and that the...…

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