News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Barclays buys minority stake in digital receipts firm Flux

London based digital receipts startup raised a strategic extension from Barclays, one month after it raised a $7.5m Series A round.

Ruchir Rodrigues, Barclays' global head of digital & platforms says: “Flux’s innovative technology provides a practical and...…

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Private capital data analytics platform Aumni raises $10m Series A

Salt Lake City based data analytics platform for private investors, raised a $10m Series A round led by SVB Financial Group.

"SVB is the ideal lead Series A investor for our company. With SVB's support, we're even better positioned to expand our offering and...…

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Gabi, built to help consumers save money on home and auto insurance, raised a $27m Series B

San Francisco based tech-enabled insurance broker raised a $27m Series B round led by Mubadala Capital. 

Fichtner told TechCrunch that Gabi was able to raise because its “unit economics are so great.” The CEO went on to say that Gabi has...…

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Persona raises a $17.5m Series A round for its digital verification platform

San Francisco based identity verification startup raised $17.5m in Series A funding co-led by Coatue Management and First Round Capital.

“Digital identity is one of the most important things to get right, but there is no silver bullet,” Song, who is the CEO, said in an...…

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Plaid competitor Teller shuts down U.K. product and moves to US, while raising $4m Seed round

London based financial services API raised a $4m Seed round from Lightspeed, Founders Fund and SciF VC.

“We are also better because we have the incentive to really care about our users and mean it. Plaid has rolled up the market by buying...…

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Visa backs Currencycloud, the international payments API that powers apps like Monzo and Revolut

London based foreign exchange payments automation platform raised a $80m Series E round co-led by Visa and SAP’s venture arm Sapphire.

“Their end-user customers, for the most part, will never see that we’re there,” Laven said. “We’re a piece of embedded finance in the...…

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AvidXchange raised $260m Series F led by TPG

Charlotte based provider of accounts payable (AP) and payment automation solutions for the middle market raised $260m led by TPG. 

“We’re shaping the future of the B2B payments industry by fundamentally changing the way businesses pay their bills, providing a single...…

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London’s Liberis Group to scale Funding-as-a-Service platform into the US with £32m round

London based unding-as-a-Service platform for SMBs raised £32m led by FTV Capital. 

“Small businesses are the lifeblood of the global economy, yet they continue to be turned away by banks and traditional lenders or faced...…

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Samya.Ai raised $6m from Sequoia India for their enterprise revenue growth software

India based provider of revenue growth software for FMCG businesses raised a $6m Seed round led by Sequoia India.

“Demand-supply interactions are becoming very unpredictable and vulnerable, resulting in huge lost revenue opportunity. This trend will...…

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Visa To Acquire Plaid

Congratulations to portfolio company Plaid on its $5.3b acquisition by Visa! This is a landmark exit for the fintech ecosystem. We've...

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Lightnet, the company behind the Velo Protocol, recently raised $31.2m in a Series A round

Thailand based global remittance protocol raised a $31.2m Series A led by a conglomerate of Asian financial institutions. 

“It’s vital that we build an ecosystem to provide Lightnet access to our partners’ vast user base and facilitate deeper penetration into...…

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HighRadius raised $125m from ICONIQ Capital at a $1b valuation

Houston-based working capital optimization software raised a $125m Series B round from ICONIQ Capital at a $1b valuation. 

“For example, if you bill your customers, the average time to get paid from the time of billing is about 45 days,” he said. “We use...…

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Roofstock Raised $50m Series D funding round

Oakland, CA based online marketplace for investing in single-family rentals raised a $50m Series D equity round led by SVB Capital.

“Roofstock makes it easy for anyone, no matter where they live, to add real estate to their investing strategy, with minimal overhead and...…

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The Informations Predictions for the Next Decade

The Information provides us with some wide ranging predictions for what a world full of nearly 50-year-old millennials will look like.

Before diving in, one note on the format of these predictions: Having read a lot of the forward-looking thematic pieces by venture...…

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Insurify raises $23m Series A to add new coverage varietals, boost its marketing efforts

Boston based insurance automation startup raised $23m in a Series A led by MTECH Capital and Viola Fintech. 

Zacharia, formerly of Gartner, came up with the idea for Insurify after she had an accident years ago. Following an unsatisfying...…

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epiFi, started by two co-founders of Google Pay in India, raised seed round for their neobank

India based challenger banking platform has raised $13.2m in its Seed round led by Sequoia India and Ribbit Capital at a $50m valuation.

“When we were building Google Tez, we realized that a consumer’s financial journey extends beyond digital payments. They want insurance,...…

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