News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

First Bitcoin. Then GameStop. Now Tiny Tungsten Cubes

Apparently, online investors crave the tangible pleasure of holding surprisingly heavy metal blocks; 1.7 times as dense as lead!

Cube enthusiasts often describe them in quasimystical terms. “You kind of start wondering about gravity and the forces of nature, and it...…

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Union54 raises $3m in Seed funding

Zambia based firm that lets companies issue debit cards without a bank or processor raised $3m in Seed funding led by Tiger Global.

“Not only are we allowing fintechs to go to market faster than any bank or card issuer could ever dream of doing, but we’re also really...…

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Moralis raises $13.4m in Seed funding

Sweden based blockchain development platform to build decentralized apps raised $13.4m in Seed funding led by EQT Ventures.

Moralis CEO Ivan Lilijeqvist stated: “We are overwhelmed by the positive feedback and excitement from the blockchain community. We’ve...…

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QuickNode raises $35m in Series A funding

Miami based blockchain infrastructure platform that supports applications raised $35m in Series A funding led by Tiger Global.

“Every social media asset wants to do NFT stuff,” Co-Founder Auston Bunsen said in an interview. “We want to be a provider for them....…

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Acko raises $255m in new funding

Bangalore based digital insurer raised $255m in new funding led by General Atlantic and Multiples PE.

“ACKO has meaningfully redefined the protection category for consumers and plans to continue innovating in the space. We strongly believe...…

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Yokoy raises $26m in Series A funding

Switzerland based spend management software maker raised $26m in Series A funding led by Left Lane Capital.

The company claims that the platform is ‘self-learning,’ allowing Yokoy to monitor individual workflows and processes to make them more...…

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Anomaly raises $17m in Seed and Series A funding

New York City based payments platform using A.I. and focused on healthcare raised $17m in Seed and Series A funding led by RRE Ventures.

“Imagine that, with your credit card, every month you got your statement and 10 percent of your charges were just incorrect,” says Shiff....…

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CoinList raises $100m in Series A funding

San Francisco based platform for crypto offerings raised $100m in Series A funding led by Accomplice and Agman Partners.

"We’ll continue to focus on helping crypto protocols rapidly innovate, build their communities, and drive adoption in the space through...…

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Citcon raises $30m in Series C funding

San Jose based payments company raised $30m in Series C funding led by Norwest Venture Partners and Cota Capital.

"Citcon enables global commerce at scale by allowing merchants to accept payments by mobile wallet and alternative currencies with the...…

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Worldcoin raises $25m in new funding

San Francisco based ethereum-based cryptocurrency maker that scans eyeballs raised $25m in new funding led by a16z. 

“[Worldcoin] started with a discussion that universal basic income will eventually be something that is very important to the world, and...…

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Brex raises $300m in Series E funding

San Francisco based credit card and cash management solution provider raised $300m in Series E funding led by Greenoaks. 

Brex, too, continues to evolve its model. Earlier today, the startup announced its new “Brex API.” The new open API is available to all...…

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SMBX raises $11.5m in Seed funding

San Francisco based fintech marketplace for small businesses bonds raised $11.5m in Seed funding led by Group 11.

"There’s a new generation of entrepreneurs emerging who want something different from finance. The SMBX provides them the opportunity to...…

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Hash raises $40m in Series C funding

Brazil based payment infrastructure startup raised $40m in Series C funding led by QED Investors and Kaszek.

“We provide financial infrastructure for B2B companies to embed payments solutions into their own custom ecosystems,” he said. “By doing...…

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BondAval raises $7m in Seed funding

London based insurtech startup focused on payment security raised $7m in Seed funding led by Octopus Ventures.

In a statement, Octopus Ventures’ fintech investor Tosin Agbabiaka said, “For decades, companies looking to guarantee future transactions...…

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Pismo raises $108m in Series B funding

Brazil based banking and payments startup raised $108m in Series B funding led by SoftBank Latin America Fund.

“We are here to help these institutions to not be constrained and be ready for the next generation of payments and banking services,”...…

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Zopa raises £220m in growth funding

UK based digital bank and P2P lending platform raised £220m in growth funding led by SoftBank Vision Fund 2. 

“We think we are ready [to list], but one thing I would like to have is a track record of profitability before going public,” he said,...…

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N26 raises $900m in Series E funding

Germany based challenger bank raised $900m in Series E funding led by Third Point Ventures and Coatue Management.

“It gives us a lot of time over the next three to four years to line up for an IPO,” co-founder and CEO Valentin Stalf told me earlier...…

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Pagos raises $10m in Seed funding

California based payment intelligence infrastructure startup raised $10m in Seed funding led by Underscore VC and Point72 Ventures.

“The challenge we saw pretty much for every one of our customers was that they didn’t have enough knowledge, not enough data and not...…

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Dutchie raises $350m in Series D funding

Oregon based provider of payment tools for cannabis dispensaries raised $350m in Series D funding led by D1 Capital Partners.

“Cannabis presents opportunities for job creation, critical reforms, and opens up new revenues to support state and local economies and...…

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TradingView raises $298m in funding

London based financial information platform and social network raised $298m in funding led by Tiger Global.

TradingView says it’s profitable and now plans to grow by expanding its brand globally. Along with offering its services to customers...…

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Juni raises $52m in new Series A funding

Sweden based provider of banking services for e-commerce raised $52m in new Series A funding led by EQT Ventures.

“Everything we do is designed to make life for internet entrepreneurs easier,” said Samir El-Sabini, Founder and CEO at Juni. “We’re...…

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Tala raises $145m in Series E funding

Los Angeles based online loan application platform for emerging markets raised $145m in Series E funding led by Upstart.

“Our Android application has allowed over 6 million individuals to access our first product, which was access to credit, said Siroya to...…

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Celsius Network raises $400m in new funding

London based DeFi lending platform that uses the Ethereum blockchain raised $400m in new funding led by WestCap and CDPQ. 

“We do not, in any circumstance, take customer assets and buy more of them or sell them because that’s not our business. Our business is...…

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Trumid raises $208m in new funding

New York based credit trading platform raised $208m in new funding led by Point Break Capital Management. 

“Behaviour has changed in the credit market,” said Michael Sobel, president of Trumid. “The market was forced, like all sorts of other...…

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Crabi raises $4m in Seed funding

Mexico based auto insurance startup raised $4m in Seed funding led by Kaszek Ventures.

Led by Javier Orozco, Founder and CEO, and Daniel Bernardez, CTO, Crabi provides a car insurance that people can acquire from wherever...…

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MoonPay raises $400m in funding

Miami based crypto payments infrastructure startup raised $400m in funding led by Tiger Global and Coatue. 

While the funding information is not officially announced, a report from The Information suggests that “two people familiar with the...…

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Swile raises $200m in Series D funding

France based provider of payment cards for employee benefits raised $200m in Series D funding led by SoftBank.

“Our bet with Swile — as we disclosed it 18 months ago — is that we want to go beyond lunch and manage employee benefits with the Swile...…

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Elliptic raises $60m in Series C funding

London based crypto asset risk management company raised $60m in Series C funding led by Evolution Equity Partners.

"What we're doing is just really fundamental to the growth of the crypto ecosystem and mainstream adoption," Elliptic CEO Simone Maini...…

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Over 100,000 banking jobs to disappear in next five years

Analysts at Wells Fargo predict that over 100,000 banking jobs could be displaced by technology over the next five years

The bank has sent a 110-page report to its clients, which details the potential impact of digitisation on Wall Street and its workers,...…

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Klasha raises $2.4m in Seed funding

Lagos and San Francisco based cross-border payments company raised $2.4m in Seed funding led by Greycroft. 

“A lot of our merchants have said to us, if we’re going to be able to accept payments from Africa, we need a way to seamlessly ship to...…

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Sure raises $100m in Series C funding

New York based insurance infrastructure startup raised $100m in Series C funding led by Declaration Partners and Kinnevik.

“This can range from car insurance included in the online purchase of a new electric car or buying a used car on Carvana to purchasing...…

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Hopscotch raises $3.6m in Seed funding

New York based b2b payments startup raised $3.6m in Seed funding led by Noemis Ventures and Stellation Capital.

"We're in the infancy of a payments revolution. P2P and B2C transactions have evolved significantly over the past decade, but B2B...…

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Vareto raises $24m in Seed and Series A funding

Mountain View based provider of corporate finance software raised $24m in Seed and Series A funding from GV and Menlo Ventures.

“For example, we spoke to a hardware company whose team takes four weeks to put together the business summary for the prior month,”...…

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Ladder raises $100m in Series D funding

Palo Alto based digital life insurance company raised $100m in Series D funding led by Thomvest Ventures and OMERS Growth Equity. 

“Completing and buying a policy in five to six minutes versus six to eight weeks of back and forth with maybe an agent and maybe somebody...…

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