News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Aggregators now drive 20% of Ethereum DEX volume

The aggregators are seeing early product-market-fit and will be able to capture significant value as the DeFi ecosystem grows.

Many aggregators are already emerging as leading DeFi projects, with decentralized finance management platform Instadapp now ranking as...…

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DBS trials SingPass face verification for digital banking sign-ups

The bank is working with the Singapore government to use face verification technology to sign up customers on its digital banking platform.

With Covid-19 accelerating take-up of digital banking, DBS is piloting the use of SingPass face verification technology as a way to...…

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Point wants to provide credit card rewards with debit cards

US based new challenger bank with a focus on rewards associated with a debit card has launched publicly with an invite system.

Many challenger banks want to provide a simple banking experience for the underbanked. Point doesn’t have the same positioning. Creating...…

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Trading is live on Dharma

Users can now search and trade 2000+ tokens in Uniswap through portfolio company Dharma with zero gas fees. Dharma is the first mobile...

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Instant payments in Colombia: Transfiya transfers multiply

Spearheaded by portfolio company Minka, Transfiya, a new system system for instant P2P payments in Colombia, is quickly gaining strength.

Transfiya was released in the Colombian market at the end of 2019 with ACH Colombia. The application allows users to send money in...…

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Magnetis raises $11m in Series B funding

São Paulo, Brazil based digital investment manager platform raised $11m in Series B funding led by Redpoint eventures.

“Today, the Brazilian market is more sophisticated, with a sharp drop in reliance on [a] fixed income and a rise in more financial...…

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Candis raises €12m in Series B funding to expand automated accounting platform for SMBs

Berlin based automated bookkeeping software company raised €12m in Series B funding led by Viola Ventures and Rabo Frontier Ventures.

“Our machine-learning based technology disrupts a whole industry, in which the majority of tasks are still very manual,” adds Christian...…

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Guideline raises $80m in Series D funding at valuation of close to $500m

San Mateo, California based small businesses 401(k) provider raised $80 million in Series D funding led by Generation and Greyhound Capital.

For the last three years, Guideline has doubled and CEO and Co-founder Kevin Busque expects that to continue this year despite the...…

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EMQ raises $20m in Series B funding for its cross-border financial settlement tech

Hong Kong based cross-border remittances company raised $20m in Series B funding led by WI Harper Group.

EMQ’s technology is integrated by clients, including online banks digital wallets, e-commerce and merchant settlement providers and...…

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ComplyAdvantage nabs $50m for an AI platform and database to detect and stop financial crime

London based AI platform and database for financial crime raised $50m in Series C financing led by Ontario Teachers’ Pension Plan Board.

“Detecting financial crime in billions of transactions that take place around the globe has become nearly impossible without the...…

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StashAway raises $16m in Series C funding

Singapore based digital wealth management company raised $16m in Series C funding led by Square Peg.

Michele Ferrario, Co-founder and CEO says: “This new round of financing further strengthens StashAway’s balance sheet position, bringing...…

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Revolut extends Series D round to $580m with $80m in new funding

London based digital banking company raised additional $80m to extend its Series D to $580m at a valuation of $5.5b led by TCV.

The company says it’ll use the investment to add new features in the U.S. and roll out banking operations across Europe — you can expect...…

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Goldman Says Pandemic Is Giving a Boost to Digital Banking

Goldman suggests that more than a quarter of customers don’t plan to return to branch offices even after it is safe to do so.

Marcus, the online platform run by Talwar, provides savings accounts and personal loans, as well as a credit card in partnership with...…

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BBC reports on Klarna tightening lending during lockdown

Despite that, "Buy now, pay later service" Klarna is said to have seen a boom in business during Britain's lockdown.

"We saw our volumes increase during that period just reflecting the increase in digital transactions generally," Luke Griffiths, Klarna's...…

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Selina Finance raises £12m to expand into consumer market

London based alternative lender which provides credit to business borrowers raised £12m in Series A funding led by GFC and Picus Capital.

Co-founder Hubert Fenwick, says: “Homeowners deserve to be able to unlock the value tied up in the home they’ve worked so hard for, both...…

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Branch raises $24m in Series A funding

Columbus, Ohio based home and auto insurance startup raised $24m in Series A funding led by Greycroft and HSCM Bermuda. 

"Branch is on a mission to make home and car insurance less expensive for all, enabling more of us to be financially protected from...…

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Scalable Capital raises €50m in Series D funding at a €400m valuation

Munich based retail investment platform raised €50m in Series D funding from BlackRock, HV Holtzbrinck Ventures and Tengelmann Ventures.

“In times of Covid-19, our funding round is a powerful signal; it shows that our focused, digital business model is convincing the...…

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Angle Health raises $4m in Seed funding for insurance plans

San Francisco based health insurance carrier raised $4m in Seed funding led by Blumberg Capital to advance its tech platform. 

“The startup demographic is the most progressive for the adoption of technology and expects a better experience, especially for health...…

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Meemo emerges from stealth to raise $10m in Seed funding

San Francisco based social finance app raised $10m in Seed funding led by Saama Capital, Greycroft, Monashees and Sierra Ventures.

“We worked with Evan Spiegel at Snap for a few years building out a lot of products,” Madeira said. “After the IPO, we wanted time to...…

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Santander to recruit IT specialists for new innovation center in Brazil

Banco Santander is to hire 300 IT professionals to work on digital applications at a new innovation hub in Brazil.

The new location will complement the bank's existing IT facilities at the Geração Digital hub in São Paulo, and the Campinas Data Centre...…

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Moneybox raises £30m in Series C funding

U.K. based savings and investment app raised £30m in Series C funding led by Eight Roads and CNP.

Launched in 2016, Moneybox began life as a way for users to invest the spare change from daily card purchases into a Stocks & Shares ISA....…

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Layer raises €5m in Seed funding to make joint working on spreadsheets less hassle

Berlin based productivity platform for spreadsheets raised €5m in Seed funding led by Index Ventures.

“We believe this is a pretty big [opportunity],” Schünemann tells TechCrunch. “Why because back in 2018 when we did our first research we...…

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Evertas raises $2.8m in Seed funding

Chicago based digital asset insurance company raised $2.8m in Seed funding led by Morgan Creek. 

J Gdanski, CEO and Founder of Evertas, said: “We believe we are the only company in the world focused solely on providing insurance...…

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Digital asset infrastructure firm Metaco raises $17m in Series A funding

Swiss based digital asset infrastructure startup raised $17m in Series A funding led by Giesecke+Devrient.

The firm has built up a roster of Tier 1 and Tier 2 bank implementations including at Finma, BaFin, Banco de España, ECB, and MAS...…

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Visa pilots installment payments

Installment payments are popular with millennial customers and is a fast-growing sector.

The firm is now getting ready to pilot an offering that lets eligible customers pay in instalments by simply using their existing Visa...…

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Digital Asset raises additional Series C funding

New York based creator of open source DAML smart contract language raised an undisclosed amount from VMware as part of its Series C round.

“Digital Asset’s partnership with VMware provides a truly enterprise grade blockchain offering that meets the requirements of even the...…

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Lanister raises £15m in funding to support its forthcoming commercial launch in Winter 2020

London based banking alternative raised £15m in new funding led by Milaya Capital.

Yasam Ayavefe, founder and CEO of Milaya Capital added, “I am always on the lookout for the next big thing in the world of technology,...…

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Quaestor is reinventing business metric collaboration for the startup party-round era

San Francisco based automated data platform for startups and investors raised $5.8m in Seed funding led by 8VC.

Let’s head back to the product though. Quaestor connects founders, company executives and investors all together to discuss a business...…

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Apiture Completes $20m Fundraising Round To Support Innovation

Deleware based digital banking platform for financial institutions raised $20m in financing co-led by Live Oak Bank and First Data.

"Live Oak and Apiture are fortunate to have been joined by partners that share our vision for Apiture and our enthusiasm for changing...…

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UK’s Farewill raises $25m for its new approach online will writing, funerals and other death service

London based digital will platform raised $25m in Series B financing led by Highland Europe.

“We want to help by destigmatising death,” said Farewill CEO Dan Garrett in an interview about the complexity of the proposition. “We all...…

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nCino targets ~$2b valuation in impending IPO

As IPO season continues, nCino filed an updated S-1 filing, providing an initial price range for its equity of $22-24 per share.

Regardless of where nCino priced toward the end of its life as a private company, its IPO is a likely win for both Salesforce and Insight...…

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Decentralized finance protocol Radix raised $4.1m

London based decentralized finance protocol raised $4.1m in new funding led by LocalGlobe and Taavet Hinrikus (TransferWise).

Radix is “not trying to be a general purpose platform,” says CEO Piers Ridyard. “Decentralised finance, and by extension, the financial...…

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Nomad Homes raises $4m in Seed funding to simplify the home-buying experience in Europe, Middle East

Dubai based real estate tech startup raised $4m in Seed funding led by Comcast Ventures.

“If you go onto Zillow, you have perfect clarity about what your home transacted for, all of the listings are real and there are no...…

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Wintermute raises $2.8m in Series A funding to make crypto markets more liquid and efficient

London based algorithmic liquidity provider for digital assets raised $2.8m in Series A funding led by Lightspeed Venture Partners.

“We made a deliberate decision to be a technology company, not a financial services one, and it’s our tech-first approach that enables us...…

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Capital raises $9m for its AI-based ‘capital as a service’ funding platform for startup

New York based AI-powered capital-as-a-service platform raised $9m in Seed-extension financing led by AME Cloud Ventures.

“A tech company does not instantly mean a risky company these days,” said Silverberg. “It’s fascinating to us that tech companies have...…

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Willa secures $3m from EQT Ventures to let freelancers get paid immediately

Sweden based freelancers banking and payments platform raised $3m in Seed funding led by EQT Ventures.

“The payment process between freelancers and corporations is completely broken,” says co-founder and CEO Kristofer Sommestad. “It’s built...…

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Banking platform solarisBank raises $67.5m at $360m valuation

Germany based banking-as-a-service platform raised $67.5m in Series C funding led by HV Holtzbrinck Ventures at a $360m valuation.

solarisBank’s vision could be summed up in two words — regulation and modularity. The company is a fully licensed bank, which means that...…

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Curv banks on $23m Series A to accelerate digital asset adoption

New York based digital asset wallet and infrastructure startup raised $23m in Series A funding led by CommerzVentures.

“Few areas within fintech are as exciting as digital assets,” said Stefan Tirtey,  managing partner at CommerzVentures, in a written...…

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Rappi & Banorte: JV aiming to offer financial services on a massive scale

The joint venture announced by Rappi and Banorte is on a hiring spree and working to roll out its first financial product by late September.

The company hopes to develop a range of highly innovative financial services that combine intuitive UX and a strong value proposition,...…

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