News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Treasury Intelligence Solutions raises $20m

Germany based platform for managing corporate payments and cash flow raised $20m in a Series D extension led by Aquiline Technology Growth.

Jörg Wiemer, CEO and co-founder of TIS: “We are proud to have Aquiline on board alongside our existing investors. This investment will...…

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Belvo scores $10m from Founders Fund and Kaszek to scale its API for financial services

Barcelona and Mexico based open banking API platform raised $10m in a Seed round co-led by Founders Fund and Kaszek.

The company said it aims to work with leading fintechs in Latin America, spanning across verticals like the neobanks, credit providers...…

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Designing insurance for the next pandemic

The industry is already planning for the next crisis — and the threat of a second wave means it might be only months away!

Although pandemic insurance has been available in the past, many companies thought the risk of an outbreak was remote and so few of them...…

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UK unclear on emergency loans, while US battle over transparency grows

Britain refuses to name recipients, and how much they’re getting, while a fight over disclosure is under way across the Atlantic.

“We recognise that there is a general public interest in the disclosure of information, as greater transparency makes Government more...…

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The Hot Wealth Tech: Humans

Being at the back end of a network of independent investment advisers is an increasingly attractive way to gain scale. Even when people...

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Spruce is eliminating the drudgery of real estate, and has $29m more from Scale to make sales easy

New York based digital real estate closing and communications platform raised $29m in growth capital led by Scale Venture Partners.

“Instead of using local offices with manual communication and manual processes, we provide [our clients] with API’s that allow them to...…

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Human Interest tacks on $10m more to its Series C

San Francisco based 401(k) provider for SMBs raised $10m in a Series C extension led by Glynn Capital.

Human Interest, however, is seeing more companies coming to it looking to change 401(k) providers. Schneble told TechCrunch that...…

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UK sells negative-yielding government bonds for first time

‘Symbolic moment’ coincides with debate on whether Bank of England should move to negative rates.

The UK broke new ground for a bond sale on Wednesday, borrowing at negative rates for the first time in a sign that investors expect more...…

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PayPal sees rise in ‘silver tech’ as older generations test digital payments

People over 50 were PayPal’s fastest-growing segment from March to April. Venmo particularly stands to benefit from the new audience.

This cohort of “silver tech” helped PayPal’s total payment volume recover back to “pre-Covid” levels, CFO John Rainey said at the J.P....…

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Drastic makeover looms for world’s most followed stock index

More than 30 firms may be removed from the S&P 500, according to DataTrek. Recently removed companies have drastically underperformed.

An equal-weight basket made up of companies that were booted from the S&P 500 over the past three years (for reasons other than...…

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Introducing Plaid Exchange

Plaid Exchange gives financial institutions, from banks to wealth management firms, an open finance platform to manage consumer data...

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Brex brings on $150m in new cash in case of an ‘extended recession’

San Francisco based credit card for startups raised $150m in a Series C extension led by DST Global and Lone Pine Capital.

“I’m glad this round came together, but if it hadn’t, we would’ve been fine,” he said. “The capital is so we can play offensive while...…

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ICapital Network buys Artivest

We are very pleased to share that portfolio company Artivest is being acquired by iCapital Network. Together, iCapital and Artivest will...

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LatAm Lending: NPL rates surge amid COVID-19

COVID-19 is hurting LatAm fintech lenders’ non-performing loan rates, as well as other metrics, according to new Iupana study

Among the surveyed fintechs that lend to individuals, the proportion of the portfolio overdue by more than three months has nearly...…

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Modulr raises £18.9m for its ‘Payments as a Service’

London based payments-as-a-service API platform raised £18.9m in growth funding led by Highland Europe.

“We are solving the problem of relationship and technical access to commercial and wholesale transaction banking,” co-founder and CEO...…

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Southeast Asian lending platform Validus raises $20m for its Series B+ round

Singapore based SME lending platform raised $20m in a Series B extension round co-led by Vertex Growth fund and Kuok Group’s Orion Fund

“Through working closely with corporate partners and investors on the platform, we also aim to support SMEs who are pivoting their...…

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Trillions are at stake in the retirement wars, and Vise nets $14.5m from Sequoia to manage it

New York based wealth management platform for financial advisors raised $14.5m in Series A funding led by Sequoia.

For the founders, the main goal for Vise has been to build a new product using the best practices from the AI and machine learning worlds...…

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Lolli Closes $3m Seed Round Led By Founders Fund

New York based bitcoin rewards startup raised $3m in a Seed extension round led by Founders Fund.

CTO and Co-founder of Lolli, Matt Senter said: "It’s amazing how far we’ve come. I’m grateful every day for our investors giving us the...…

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‘Our product was built for times like these’: Seattle startup Knock raises $12m

Seattle, Washington based property management platform raised $12m in Series B financing led by Madrona Venture Group.

“Regardless of geography or asset type, unemployment will certainly put pressure on rent growth and rent collections in most markets, so...…

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Pet insurer Bought By Many snaps up £80m boost

London based digital pet insurance provider raised £78m in Series C financing led by FTV Capital.

Mr Vostrizansky said: "The company's consumer-friendly technology and high-quality team have allowed the company to rapidly enhance its...…

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Treasury Prime raises $9m to bring its banking APIs to market

San Francisco based API software for banks raised $9m in Series A financing led by QED, SaaSts, and NYCA. 

According to Dean, that’s what it’s going to hire. The startup wants to make more noise, so it intends to hire a marketing team and build...…

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Zeitgold raises $29.2m to automate bookkeeping

Germany based automated bookkeeping platform for SMEs raised €27m in Series B financing led by Vintage Investment Partners.

Zeitgold tries to automatically match digitized receipts with movements on your bank account. You can add information when the service...…

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N26 raises another $100m in Series D extension

Germany based consumer challenger bank raised $100m in an extension of its Series D round at a valuation of $3.5b.

You may have noticed that the valuation didn’t go up this time. “I’d say it’s a very good valuation,” co-founder and CEO Valentin Stalf...…

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Robinhood raises $280m, pushing its valuation to $8.3b

California based consumer finance and investing app raised raised $280m in Series F funding at an $8.3b valuation led by Sequoia Capital.

We’ve collected further data in the same vein, with Public (another free stock-trading app) reporting surging usage, and other fintech...…

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Migo featured in series produced for Innovate Finance by BBC StoryWorks Commercial Productions

Portfolio company Migo has been profiled in one of the most robust discussions on fintech happening in the world today.

Innovation in Finance, a series produced for Innovate Finance by BBC StoryWorks Commercial Productions, takes viewers on a journey that...…

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Andreessen Horowitz just closed its second crypto fund

Two years ago, a16z launched its first dedicated  $300m crypto fund. It has raised a second $515m in the same vein.

As general partner Chris Dixon — who leads the fund with general partner Katie Haun — tells Fortune: “It’s very rare that major, new...…

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Cash management platform Flagstone raises $15m

London based cash management platform raised $15m in funding led by OMERS Ventures.

"Raising growth capital from leading investors such as Omers Ventures is a testament to the strength of our business model and the great...…

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