As Coca-Cola auctions its first NFT, more brands are entering the metaverse
Coca-Cola is harnessing its history of collectibles with a first NFT as marketers continue experimenting with the intersection of...
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Dvision network collaborates with Enjin to expand its metaverse to five different blockchains
Blockchain-based metaverse platform Dvision Network announced a collaboration with leading nonfungible ecosystem provider Enjin. As part...
Here’s how Zuckerberg thinks Facebook will profit by building a ‘metaverse’
On it's Q2 earnings call, Facebook CEO Mark Zuckerberg outlined some of his vision for a metaverse Zuckerberg said it will take several...
Tesco Bank shuts down their checking accounts program over a lack of use
Tesco Bank shut down its current account (checking account) product over lack of use from its customers. Only 12% of customers used it as...
Estonia's central bank releases a report on their digital euro experiment
Alongside the ECB, Estonia completed a research project on the potential for a digital euro. The experiment concluded that,...
FICO score’s hold on the credit market is slipping
FICO scores are starting to fall out of vogue as banks and other financial institutions use their vast treasure trove of internal data to...
NYDIG is unleashing bitcoin financial products onto thousands of regional banks
This week, NYDIG's Patrick Sells joined The Block for a discussion on how NYDIG is increasing access to Bitcoin. Sells described how...
Fintech Collective leads Secured Finance's $4m seed financing
Japan / Switzerland based blockchain trading / derivatives platform raised $4m in seed funding led by Fintech Collective, GSR Markets,...
Crypto makes the cover of Fortune magazine
This August/September issue of Fortune magazine features a deep dive into all things crypto. From articles like "How crypto went from...
Startup Lithic valued at $800m
New York based payments startup raised $60m in Series C funding led by Stripes at a post money valuation of $800m.
{
“The process for issuing cards is expensive and archaic...our goal is to make it as fast and as easy as possible," said Bo Jiang, CEO and...…
Nium hits unicorn status with $200m funding round
Singapore based B2B payments platform raised $200m in Series D funding led by Riverwood Capital at a post money valuation of $1b.
{
“We believe we can be a global catalyst to increase global commerce, removing some of the payments friction that has traditionally held...…
Amplify raises $2.5m investment in life insurance for building wealth
San Francisco based asset based next generation life insurer raised $2.5. in Seed funding led by Anthemis.
{
“Permanent life insurance is traditionally sold face-to-face by commission-driven life insurance agents. Today, Amplify is taking the...…
Mastercard tops earnings expectations as spending recovery continues
The company reported second-quarter net income of $2.1 billion, or $2.08 a share, up from $1.4 billion, or $1.41 a share, in the...
Flutterwave co-founder launches YC bridge program for Nigerian entrepreneurs
Flutterwave co-founder Iyinoluwa Aboyeji launched a bridge program to help Nigerian entrepreneurs make it into Y Combinator. The program...
Ocrolus announces impact fund to support NYC tech
Ocrolus announced the launch of "The Impact Fund" today to support organizations focused on technology education and training for...
Khazna Card Launched
New partnership was announced between fintech Khaza and ADIB Egypt and Masria Digital Payments (MDP), which comes up in the form of...
Robinhood has the worst debut ever for IPO of its size
Shares in the broker behind the meme-stock revolution fell 8.4% below the IPO price in the company’s first trading session.
{
That’s the worst debut on record among 51 U.S. firms that raised as much cash as Robinhood or more, according to data compiled by...…
‘Buy now, pay later’ installment plans are having a moment again
Fintech companies have brought back an old-fashioned way of lending, and now even Apple and Goldman are getting in on the action.
{
Stores are willing to pay because the programs make it easier for customers to say yes to items with price tags that might otherwise make...…
Swift takes on low-value cross-border payments
Banking co-operative Swift is moving into the low value remittance market with the launch of Swift Go, a service that enables consumers...
Visa-backed payments firm Conductor readies U.S. IPO
Brazilian payments firm Conductor has hired banks for an initial public offering in the United States that could come as early as this...
Ocrolus featured in Business Insider as one of 57 promising fintechs revolutionizing Wall Street.
Fintech Collective congratulates PortCo Ocrolus for being featured in Business Insider's "57 Promising Fintechs" list. The list sought to...
Goldman Sachs files to create an ETF dedicated to DeFi and blockchain stocks
It is unclear what is in Solactive's Decentralized Finance and Blockchain Index, which underpins the new fund. The US bank's filing comes...
Dutch and US-based FRISS secures €54.8m to develop fraud detection software for insurers
Holland / US based insurance anti-fraud platform raised €54.8m in Series B financing led by Aquiline Technology Growth and Accel-KKR.
{
“We recognise that the insurance industry is tackling challenges on many fronts including cost pressures, the need for efficiency and...…
Crypto infra startup Fireblocks raises $310m, triples valuation to $2b
New York based digital asset infrastructure platform raised $310b in Series D funding led by DRW Venture Capital at a post money...
Relief, debt negotiation as a service, raises $2m
New York based debt negotiation service raises $2m in seed funding led by Collaborative Ventures.
{
“Trust is the biggest challenge...we have to get into consumers’ houses and de-stigmatize this horrible problem. The solution is not...…
Cyber startup At-Bay valued at $1.35b
San Francisco based cyber insuretech raised $185m in Series D funding led by Lightspeed Venture Partners and Icon Ventures at a...
South African payments startup Yoco raises $83m Series C
South Africa based payments acceptance startup raised $83m in Series C funding led by Dragoneer.
{
“We want to offer whatever payment methods our merchants need. And we did start in the in-person payment space, focusing on terminals,...…
Freightify lands $2.5m to make rate management easier for freight forwarders
India based 'Shopify for maritime freight' raised $2.5m in seed funding led by Nordic Eye Venture Capital.
{
“Freight forwarders are like the travel agents for the global trade...however, air travel is not as complicated as global trade. Supply...…
Mercury raises $120m in Series B funding
San Francisco based Mercury raised $120m in Series B funding led by Coatue Management at a post-money valuation of $1.62b.
{
"Our focus is as singular as ever: we still want to turn banking into something like magic. We’ll use this new funding to expand our team...…
A16z leads $20m investment in Valora
San Francisco based Celo native digital wallet raised $20m in Series A funding led by Andreesen Horowitz.
{
“Consumer awareness of crypto has never been higher, and yet many people remain on the sidelines, either due to skepticism or lack of...…
iCapital gets $4b valuation in new funding round
New York based alternative asset distribution platform raised $440m in late stage funding led by Owl Rock, MSD Partners, Golub Capital...
Connected car insurance startup Flock raises $17m Series A
London based car insurance platform raised $17m in Series A funding led by Social Capital.
{
“Transportation is changing faster than ever, but the traditional insurance industry can’t keep up! The proliferation of electric cars,...…
Insuretech startup Spot brings in $17.5m to fill insurance gaps for accidental injuries
Texas based accident insurance provider raised $15m in Series A financing led by GreatPoint Ventures. They also raised $2.5m in debt.
{
“Every major market was disrupted by some change of distribution, like Netflix and Airbnb...we are setting the foundation to drive change...…
Bitcoin rewards firm Lolli raises $10m in Series A funding
NYC / North Carolina based Lolli raised $10m in Series A funding led by Acrew Capital.
{
“We’re thrilled by the support of so many incredible investors and fellow entrepreneurs who believe in our mission of making bitcoin more...…
Paystand banks $50m to make B2B payments cashless and with no fees
California based B2B payments provider raised $50m in Series C funding led by NewView Capital at a post-money valuation of $375m.
{
“Revenue is the lifeblood of a business, and money has become software, yet everything is in the cloud except for revenue,” said Jeremy...…
InsurTech Agentero to expand digital network for agents after raising $13.5m
San Francisco based independent insurance agent platform raised $13.5m in Series A funding led by by Mundi Ventures.
{
“Agents are the present and future of insurance distribution, and they must become more digital. Our technology strengthens their ability...…
Vodafone’s booming M-Pesa shines a light on valuable Africa fintech start-ups
Vodafone has reported surging growth at its African mobile money platform M-Pesa. The UK company said that the number of transactions...
The winners and losers from India’s Mastercard ban
Move will have wide-ranging implications across India’s financial and fintech system, affecting everyone from established lenders to...
How blockchain is shaking Swift and the global payments system
Swift remains a non-profit co-operative, with 11,000 members and facilitating payments worth an eye-popping $1.5tn a day. It does this...
Pete Cheyne on global payments disruptor Bottlepay
Pete Cheyne, Founder of Bottlepay, answers a rapid Q&A about the company, maximising global payments, and revolutionary...
Commercial real estate startup Jones announces $12.5m Series A led by JLL Spark and Khosla Ventures
New York City based commercial real estate startup raised $12.5m in Series A funding led by JLL Spark and Khosla Ventures.
{
"For too long, the commercial real estate industry has been held back by a burdensome compliance process that's more focused on who can't...…
Esusu raises $10m in Series A funding led by Motley Fool Ventures with investment from Serena Williams’ Serena Ventures
New York City based rent reporting and data solution platform raised $10m in Series A funding led by Motley Fool Ventures.
{
“Esusu is an excellent example of an innovative fintech company leveraging technology to deliver scalable and much-needed financial...…
Paro announces $25m Series B funding
Illinois based provider of on-demand financial expertise raised $25m in Series C funding led by Madrona Venture Group.
{
“2020 was a unique moment in the evolution of work, showing that even the most complex finance projects, such as ERP implementation,...…
Vestwell raises $70m in Series C funding, led by Wells Fargo Strategic Capital and Fin Venture Capital
Congratulations to FinTech Collective portfolio company Vestwell for raising a $70m Series C to build out the underlying infrastructure...
Distressed-property startup Sundae raises $80m in Series C round
San Francisco based real estate marketplace raised $80m in Series C funding led by Fifth Wall and General Global Capital.
{
"Sundae aims to help people unload distressed properties, especially sellers in a rush and at risk of not getting full value. Sundae...…
Percent raises $5m, aiming to become the ‘Stripe for donations’ to good causes
New York City based provider of API for donations raised $5m in funding led by Morpheus Ventures.
{
“Because of COVID, suddenly now we have brands that are really desperate to build purpose into their business in a way that they just...…
Crypto exchange FTX valued at $18 billion after funding from SoftBank, Coinbase and Sequoia
Antigua based crypto exchange raised $18m in Series B funding led by Bond, Schoeneck & King and Coinbase Ventures at a pre-money...
Capchase raises $280m to scale its financing platform for subscription businesses
New York City based recurring revenue financing startup raised $280m in funding led by i80 Group.
{
“We’re not limited to just monthly or quarterly subscriptions, we can work with any revenue. We apply intelligence to it and work with...…
Indonesian B2B marketplace GudangAda raises more than $100m in new funding
Indonesia based B2B marketplace raised $100m in Series B funding led by Asia Partners and Falcon Edge.
{
"GudangAda helps lower operational costs by connecting principal manufacturers, distributors and retailers, and handling almost all...…
Allocate banks $5m to open up venture capital fund access
San Francisco based provider of a platform that enables investors to discover and invest in high-quality venture funds raised $5m in...
Prodigal raises $12m to give lenders actionable insights, streamline their operations using AI
California based intelligence layer for loan servicing and collection operations raised $12m in Series A funding led by Menlo Ventures.
{
"Prodigal turns interactions into insights. These standardized and structured insights flow between stakeholders like loan originators,...…
Charlotte startup Anduin raises $14M to build out its AI platform, grow customer base
North Carolina based accounting AI platform raised $14m in funding led by Revolution Ventures.
{
"The focus had not been on courting investors. It had been on building out the platform and serving customers, ... The folks at...…
UK mortgage applicants report negative reactions to their BNPL usage from legacy banks
UK-based mortgage applicants are reporting negative reactions to their BNPL usage when applying for home loans. Mortgage experts suggest...
Bbot raises $15m Series A to expand platform capabilities and improve support for restaurants
New York City based hospitality tech startup raised $15m in Series A funding led by CRV.
{
"Restaurateurs are always looking for new ways to provide excellent hospitality experiences, ... The way guests want to order and pay has...…
Crypto venture studio Thesis raises $21m to keep building
Florida based crypto venture studio raised $21m in Series A funding with participation by ParaFi Capital, Nascent, and Polychain...
Des Moines financial tech firm Dwolla increasing headcount with new $21 million funding round
Iowa based maker of an API for payments raised $21m in funding led by Foundry Group.
{
"Our clients, they started roaring back to life, ... Their volumes started recovering. We had jut built some really good relationships....…
Quick thoughts on the acqui-hire
Experts from Latham & Watkins share their perspectives on the acqui-hire. Notably, this tactic is used increasingly to ensure that an...
2021 set a record for H1 IPOs
YTD, c. $80b has been raised via IPOs which surpasses the c. $78b raised throughout 2020. Experts suggest that 2021 is set to break...
Venmo removes public news feed over privacy concerns
After years of defaulting public posts and joke transaction descriptions, Venmo has removed its global social feed. This comes after...
Vincent raises another $6m for its search engine for alternative investments
New York City based search engine for alternative investments raised $6m in Series A funding led by Launch Fund.
{
"Market conditions and limited social opportunities brought online investing to the forefront during the craziness of these last 14...…
Properly raises $35m in Series B financing to transform the real estate experience in canada
Canada based tech-enabled real estate brokerage raised $35m in Series B funding led by Bain Capital Ventures.
{
"We're creating a future where Canadians can buy or sell a home with dramatically less friction and surprising simplicity, ... We're...…
Visa acquires Currencycloud, which makes APIs for remittances and currency transfers, in a $963m deal
Visa acquired Currencycloud for $963m. To date, Currencycloud had raised c. $188m and was a leading provider of API-enabled cross...
Wise publicly shares their strategic roadmap
While corporate strategy is usually hidden behind closed doors, UK fintech Wise has made its strategic roadmap available to the public....
Startup-to-startup M&A hitting record highs
A record number of VC-backed startups have acquired other VC-backed startups in 2021. 268 of these deals have happened already YTD, which...
Nasdaq, SVB, Citi, Goldman Sachs, and Morgan Stanley launch new platform for trading private company stock
Nasdaq Private Market will be contributed to a standalone, independent company, which will receive strategic investments from SVB, Citi,...
Grab taps Adyen to extend BNPL offering across Southeast Asia
Grab has deepened its partnership with Adyen by enabling more merchants – starting in Singapore and Malaysia – to offer PayLater payment...
India eyeing phased roll out of Central Bank digital currency
The Reserve Bank of India is considering a “phased introduction” of a central bank digital currency as it will need legal changes to be...
FinTech Collective to participate in Business Today's Impact Challenge
The Challenge is open to social entrepreneurs all over the world, including those accepted to the Conference through the regular...
Sustainable investments now total $35.3 trillion, roughly a third of all global assets under management
Sustainable investments totaled $35.3 tr at the start of 2020, according to the Global Sustainable Investment Alliance. This equals...
Latin America is the new frontier for impact investing
Sustainable & Impact Investment is making its way around the world, and Latin America (LatAm) is following the leading trends of...
Low-income lending rules set for broad overhaul
Top U.S. banking regulators said they would work jointly to modernize rules governing how banks lend hundreds of billions of dollars...
Leading online commercial real estate financing platform Lev raises $30m in Series A round
New York based commercial real estate financing platform raised $30m in Series A funding led by Greenspring.
{
"CRE is a massive space, with an addressable market of more than $40 billion for CRE financing alone, yet the industry has been...…
Yapily raises $51m for its open banking API by focusing on infrastructure
UK based open banking API raised $51m in Series B funding led by Sapphire Ventures.
{
“The core difference between us and most of the players in the space is our focus on the infrastructure,” said Stefano Vaccino, founder...…
Titan raises $58m for mobile crypto investment platform
New York based investment management platform raised $58m in Series B funding led by Andreessen Horowitz.
{
“After years on Wall Street helping the rich get richer, we were bothered by the divide between institutional and retail investors, ......…
Spendesk raises $118m for its corporate spend management service
France based corporate spend management service raised $118m in funding led by General Atlantic.
{
“Traditionally, finance teams haven’t been equipped with the tools that can support this transformation, ... In the past few years we...…
Soldo, the leading European pay and spend automation fintech closes record $180m Series C funding round led by Temasek
UK based pay and spend automation platform raised $180m in Series C funding led by Temasek.
{
"In a study of CFOs and finance directors, Soldo revealed weak spending controls are costing European businesses 2% of their annual...…
Ethos picks up $100m at a $2.7b+ valuation for a big data platform to improve life insurance accessibility
San Francisco based insurtech platform raised $100m in Series D funding led by SoftBank.
{
“Ethos is leveraging data and its vertically integrated tech stack to fundamentally transform life insurance in the U.S.,” said Munish...…
Flutterwave appoints Oluwabankole Falade as Chief Regulatory and Government Relations Officer
Portfolio company Flutterwave added Oluwabankole Falade as Chief Regulatory / Government Relations officer. He will work hand-in-hand...
Portfolio company APDS makes B Corp's 'Best For The World' list in two categories.
The Fintech Collective team congratulates APDS, a digital learning company for incarcerated Americans, for making B Corp's 'Best For The...
LinkSquares raises $40m to tackle contract analytics
Massachusetts based contract analytics platform raised $40m in Series A extension funding led by Sorenson Capital.
{
“Just this past year, legal and compliance teams raced to analyze their business exposure to major events across PDFs, paper contracts,...…
Cape Analytics gains $44m in financing
San Francisco based insurance analytics platform raised $44m in Series C funding led by Pivot Investment Partners.
{
“We are currently prioritizing growth and product innovation to support our rapidly expanding roster of customers,” said Kayvan Farzaneh,...…
YuLife raises $70m to protect lives, reward living and inspire life.
London based life insurance and wellbeing platform raised $70m in Series B funding led by Target Global at a post money valuation of $347m.
{
“YuLife is redefining life insurance, using the most innovative technologies to transform a largely traditional industry. With health and...…
Morty announces $25m Series B funding
New York based online mortgage platform raised $25m in Series B funding led by March Capital at a post money valuation of $150m.
{
“The past twelve months have been a transformative time for the housing market...our business model, and our philosophy, are about...…
Investment app Syfe raises $30m Series B led by existing investors
Singapore based investment platform raised $30m in Series B funding led by Valar Ventures.
{
“To be honest, we weren’t really looking to raise a Series B...we saw some of the positive outcomes of resources from our Series A. We...…
Nordic challenger Lunar receives €210m
Denmark based challenger bank raised €210m in Series D funding led by Tencent, Kinnevik and Heartland.
{
“We are at a true crossroads in the Nordics...both private and business customers expect a more convenient, empathic and engaging...…
Weavr raises £7m to power embedded finance
London based embedded finance platform raised £7m in seed extension funding from Anthemis, QED Investors and Seedcamp.
{
“The need for simple and accessible tools to integrate banking in everyday products and services is urgent...as the world begins to look...…
Revolut confirms a fresh $800m in funding at a $33B valuation
London based global challenger bank and personal finance platform raised $800m in Series E funding led by Tiger Global and SoftBank at a...
M1 Finance raises $150m in SoftBank-led Series E
Chicago based M1 Finance raised $150m in Series E funding led by SoftBank at a post money valuation of $1.45b.
{
“Lockdown led many to decrease their spending, while an uncertain future increased the appetite to build wealth for the long-term through...…
Property-focused accounting firm Proper raises $9m Series A
San Francisco based Proper raised $9m Series A funding led by QED Investors.
{
“I knew the space was rife with problems to solve and how much accounting was a bigger part of the operations that needed to be executed...…
Singapore-based Tinvio raises $12m Series A
Singapore based financial services platform for supply chain merchants raised $12m in Series A funding led by AppWorks Ventures.
{
“It’s only been live for a couple of months, but we’ve already gotten so much feedback from our users and we’re sprinting to unlock new...…
Play2Pay raises $13m to convert mobile user engagement into bill payment
Florida based gamified mobile bill payments platform raised $13m in Series A funding led by TeleSoft Partners.
{
“Our distribution model is B2B2C, with Tier-1 service providers worldwide directly integrating our bill payment capability. We’re growing...…
Credit Suisse leads $20m Series A in data extraction startup Daloopa
New York based financial institution data extraction platform raised $20m in Series A funding led by NEXT Investors (Credit Suisse Asset...
BlackRock CEO calls for stronger climate finance plan at G20 meet
At a G20 summit, BlackRock CEO Larry Fink called for governments to develop a stronger long-term climate finance plan to fund the...
Banks launch carbon marketplace
NatWest, CIBC, ITAU and NAB have joined forces to create a blockchain-based marketplace where firms can buy and sell carbon offsets.
{
Launching as a pilot in August, Project Carbon will act as a place where the four banks' corporate customers buy and sell carbon offsets...…
European Central Bank green lights digital euro investigation
The European Central Bank is to begin a two-year investigation into the prospects for launching a digital euro.
{
Experimental work conducted by the ECB over the past nine months found no major technical obstacles to any of the assessed design options...…
Brazil’s SEC approves first Ethereum ETF in Latin America
Several months after green lighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the...
SoftBank-backed Paytm targets record $2.2b India IPO
The startup backed also by Berkshire Hathaway and Jack Ma’s Ant Group plans to raise as much as 166b rupees from its share sale. The IPO...
Sigma Ratings Adds Former Citigroup Risk Executive To Its Board
Prior to joining Sigma’s Board, Alison Clew served as the Global Head of Anti-Money Laundering Compliance at Citigroup and was previously...
Google to Help Insurers Measure Slip-and-Fall Risks in Buildings
The endeavor is part of a partnership between Google Cloud and BlueZoo. It is the latest publicly announced initiative of the Alphabet...
U.S. Banking Regulators Seek Comment on Third-Party Relationships Guidance
The interagency guidance on third-party relationships proposed by three banking regulators highlights the risks financial institutions...
N26 Eyes Value of About $10 Billion in Fresh Fundraising
N26 is holding discussions with investors to raise several hundred million dollars in a fundraising that could value the German fintech...
Fintech Tifin Adds Cathie Wood to Board Amid Brokerage Expansion
Star ETF manager Cathie Wood is expanding her reach into the world of investing startups by joining the board of a fintech company. The...
Apollo Joins Forces With Blockchain Startup Figure
Apollo Global Management will collaborate with blockchain lending startup Figure Technologies on a series of initiatives as the...
US banks close more than 250 branches in bet on digital future
US retail banks slashed their branch networks and trimmed headcount in the first half of the year in a bet that much of the foot traffic...
Apple may squash the buy now, pay later party
Apple's reported foray into buy now, pay later (BNPL) has sent the shares of specialists reeling. Afterpay and Zip of Australia and...
African start-ups attract international investors — but need local ones too
Africa, a region long defined by fragmentation, is ripe for innovation in finance. With a median age of 19, there is a raw...
Sigma Ratings adds former Citigroup risk executive to its board
Sigma Ratings announced the appointment of renowned risk and compliance expert, Alison Clew, to its Board of Directors. The addition of...
The Fed’s digital dollar could bring millions into the digital economy
More than half of transactions in the US involved cash in 2010. The number had dropped to 28% in 2020, even before Covid, which led...
Facebook, Instagram to pay out $1b to ‘reward’ creators through 2022
Facebook claims it will be whipping open its checkbook in a big way for creators: CEO Mark Zuckerberg said the social-media giant will...
Apple, Goldman plan ‘buy now, pay later’ service to rival Affirm
The upcoming service, known internally as Apple Pay Later, will use Goldman Sachs as the lender for the loans needed for the installment...
Cardless raises $40m to help more brands launch custom credit cards
San Francisco based next gen credit card platform raised $40m in Series B funding led by Activant Capital.
{
“There are close to 200 brands with traditional cards but they are often old legacy businesses such as Costco and Sam’s...we want to...…
Railsbank raises $70m to build out its fintech-as-a-service platform
London based credit card as a service platform raised $70m led by Anthos Capital.
{
“Our mission is to reinvent, unbundle and democratise access to the complex, opaque and byzantine 70-year-old credit card market, which...…
Marco Financial raises $82m in debt, equity seed round to support small Latin American exporters
Florida based LATAM focused export loan platform raised $7m in seed funding led by Kayyak Ventures. They also raised a $75m credit line.
{
“For small and medium businesses in trade, this is important for companies creating a high level of job growth and lowering the poverty...…
KodyPay is reinventing payment acceptance with $3.25m in funding
UK based payment acceptance solution raised $3.25m in seed extension funding led by Hank Uberoi (Primavera Investments), Paul Rippon (ex....
VU raises $12m to improve fraud and identity protection during digital experiences
Argentina based fraud and identity protection company raised $12m in Series B funding led by IT services firm Globant.
{
“It pushed me to create a company to help create digital experiences without the friction,” said Sebastián Stranieri, CEO.
Brazilian HR startup Flash raises $22m in a Tiger Global-led Series B
Brazil based benefits management platform raised $22m in Series B funding led by Tiger Global.
{
“Our first product was a reinvention of the voucher that by Brazilian labor law, was something of a mandatory benefit for all companies...…
Jasper Card raises $34m Series A funding
South Dakota based neo-credit card provider focused on cashback raised $34m in Series A funding led by Strathmore Group and Benslie...
Tide raises $100m in Series C funding at a valuation of $650m
London based business banking platform raised $100m in Series C funding led by Apax Partners at a post money valuation of $650m.
{
“Partnering with Apax Digital validates Tide’s potential to continue our growth trajectory and gain traction in global markets. As we...…
Apple partners with Goldman Sachs for BNPL play
Apple is working with Goldman Sachs to develop a buy now, pay later service that lets customers pay for their Apple Pay purchases in...
Digital mortgage lender Better acquiring Goldman Sachs-backed fintech ahead of public listing
Digital mortgage lender Better announced Monday that the company is making its first expansion overseas with the acquisition of Trussle,...
Klarna acquires HERO to enhance social shopping
Payments and shopping platform Klarna is partnering with social shopping startup HERO to bring retailers a solution to create shoppable...
RVU to acquire digital mortgage startup Mojo
RVU, owner of Uswitch, Confused.com and Money.co.uk, is taking on the UK mortgages sector by agreeing to acquire Mojo Mortgages. Mojo,...
The ECB starts work on creating a digital version of the euro
The ECB announced that it’s starting work toward creating a digital euro on the back of decreased cash usage. The project is expected to...
Volt acquires Australian Mortgage
Australian neobank Volt has acquired fintech lender Australian Mortgage to speed up the mortgage approval process as part of its...
Boubyan Bank proudly launches the world's first Islamic international digital bank
Boubyan Bank Group announced the launch of Nomo, a fully licensed and regulated UK Islamic digital bank catering for customers with a...
NatWest rolls out carbon emissions app
NatWest is to embed a free carbon footprint tracker within its mobile banking app to help customers reduce the climate impact of their...
PayPal debuts no-fee BNPL product in Australia
The new PayPal product will appear as an option at checkout for consumers who have a PayPal account in good standing and for eligible...
Nutmeg delivers returns to crowdfunding investors, industry needs more news like this
While much of the news focused on JP Morgan’s acquisition designed to buttress a new digital banking venture, it should be noted that...
Some UK VC firms opening funding rounds to individual investors
Venture capital company Forward Partners is joining Draper Esprit and Augmentum in opening early-stage funding rounds and public...
Funding to Black startup founders quadrupled in past year, but remains elusive
Funding to Black entrepreneurs in the U.S. hit nearly $1.8 billion through the first half of 2021 — a more than fourfold increase...
Brazil’s SEC approves first Ethereum ETF in Latin America
Several months after greenlighting a Bitcoin ETF, Brazil’s watchdog has done the same for a product tracking the performance of the...
StepStone Group significantly bolsters Its Venture Capital and Growth Equity platform
This week, StepStone Group announced the acquisition of Greenspring Associates. The combined team of over 70 venture capital and growth...
Ex-NYSE President Tom Farley’s SPAC to merge with Bullish to bring planned crypto exchange public
- Tom Farley’s Far Peak Acquisition Corp. announced a deal Friday to bring crypto start-up Bullish public. Farley, formerly the New York...
Smile Identity raises $7m to build KYC and identity verification tools for Africa
Nigeria based ID verification and KYC compliance platform raised $7m in Series A funding co-led by Costanoa Ventures and CRE Venture...
Clearco gets the SoftBank stamp of approval in new $215m round
Canada based fintech capital provider for online companies raised $215m in funding led by SoftBank.
{
“Their business was to rethink the way venture capital is done, ... They saw what we were doing on the other end of the spectrum, which...…
Miami twins raise $18m for Lula, an insurance infrastructure upstart
Florida based insurance infrastructure startup raised $18m in Series A funding led by Founders Fund and Khosla Ventures.
{
“We couldn’t afford to have a car on campus and wanted pizza one night, ... So I thought it would be cool if there was an app that let me...…
European challenger bank Bunq raises $228m at $1.9 billion valuation
Netherlands based challenger bank raised $228m in Series A funding led by Pollen Street Capital.
{
“Everything has a right time. In the beginning of Bunq, it was important to get a laser user focus in the company. Having to also focus...…
Younited Credit raises $170m for its data-driven credit offering
France based data-driven credit platform raised $170m in funding led by Goldman Sachs.
{
"So far, Younited Credit has granted more than €2.4 billion in credit ($2.8 billion at today’s exchange rate). It operates in five...…
Homebrew leads Z1’s effort to bring digital banking to Latin America’s teens
Brazil based digital bank aimed at Latin American GenZers raised $2.5m in Series Seed funding led by Homebrew.
{
“Z1 is what we’re building to be the go to bank of the next generation, and not just be a digital bank for teens, ... We want to grow...…
NYC opens cyberattack defense center in response to growing risks
New York City, in coordination with 282 partners including Amazon, IBM, The Federal Reserve and the NYPD, opened an operational command...
Cyberbullying insurance Is here. Do you need it?
Cyberbully insurance is an emerging service area for insuretechs and the major carriers who underwrite them. Experts disagree on whether...
Klarna Buys Online Commerce Startup Hero
London-based Hero connects online shoppers with retail workers via text messages, videos and online chat rooms. It helps retailers who...
Robinhood’s Debut Is Clouded by SEC Scrutiny of Payment for Order Flow
In its IPO filing, released Thursday, Robinhood disclosed that 81% of its first-quarter revenue came from sending its customers’ stock,...
Old School Lenders Ape Fintechs by Offering Early pay
Frost Bank said its clients with direct deposit will be automatically enrolled in the new “Early Payday” feature when it rolls out July...
Cross River Bank Said to Eye $2.5 Billion Valuation in New Round
Cross River Bank, a regional lender that works with some of the biggest U.S. financial-technology startups, is in talks to raise fresh...
Willa raises $18m Series A to build freelance fintech platform
FinTech Collective welcomes the Stockholm & Los Angeles-based freelance fintech platform to its portfolio, after leading its $18m...
Allied Payment Network partners with NYDIG
This week NYDIG, a FinTech Collective portfolio company, announced a partnership with Allied Payment Network. The partnership will enable...
Crypto insurance platform Coincover raises $9.2m as big firms seek safety
UK based cryptocurrency insurance platform raised $9.2m in Series A funding led by Element Ventures. FinTech Collective participated in...
Cyber insurance industry in crosshairs of ransomware criminals
Rising ransomware payouts (some say as high as 400% in 2020) are forcing insurance companies to rethink making ransom payments right...
Neobank competition remains fierce in H1; New report identifies the latest winners
A new report identified neobank Chime as the clear market winner with more downloads (6.4m) than the #2 (Current, 2.7m) and #3 (Varo,...
Cyber insurance carriers band together to deal with ransomware
Rising costs in the cyber industry and a massive growth in ransomware have prompted carriers to band together to think through best...
Major ransomware attack hits 1000s of businesses
Over 1000 firms were impacted by a ransomware attack on MSP-focused software firm Kaseya. The attackers asked for a $70m bitcoin ransom...
Hundreds of Swedish grocery stores shuttered over ransomware attack on US software firm
MSP-focused software firm Kaseya was the key node in a massive ransomware attack which reached end customers around the world. One...
Cryptocurrency firm Circle to go public via SPAC deal that will value the company at $4.5b
The firm operates USDC, one of the world's largest dollar-pegged stablecoins, with over $25b in circulation. Shares of Concord...
Socure unveils industry’s first BNPL-specific solution, extending leadership in identity verification
At the core of the solution are ID verification capabilities combined with a fraud model tuned with order- and account-specific data...
Wells Fargo tells customers it’s shuttering all personal lines of credit
- The bank is shutting down all existing personal lines of credit in coming weeks and no longer offers the product, according to customer...
Fake Tesla, Apple stocks have started trading on blockchains
Fake versions of Tesla Inc., Apple Inc., Amazon.com Inc. and other big stocks, as well as a few popular exchange-traded funds, have been...
Fintech giant Wise is set go public in a rare Spotify-style listing
Wise’s debut is a big win for London, which is vying to attract more tech success stories following Brexit.
{
Wise’s listing is a big win for London, which is vying to attract more tech success stories following Britain’s departure from the...…
Borrowing is back as sign-ups for auto loans, credit cards hit records
Americans are borrowing again, in some cases at levels not seen in more than a decade.
{
Consumer demand for auto loans and leases, general-purpose credit cards and personal loans was up 39% in April compared with the same...…
Brazil’s retail giant Magalu receives CADE, Central Bank approvals to acquire ‘Hub Fintech’
This makes Magalu a payment institution regulated by the Central Bank, integrated into the Brazilian payment system, and offering PIX,...
Philippines’ Voyager Innovations secures $167m for PayMaya expansion into financial services, digital banking
Philippines based mobile wallet platform raised $167m in funding led by Tencent, KKR and PLDT (Largest Telco in the Philippines).
{
“We have seen a quantum leap for digital payments adoption in the Philippines over the past year, and PayMaya has served as the nexus...…
DeFi investing platform Zerion raises $8.2m in Series A funding
San Francisco based DeFi investing platform raised $8.2m in Series A funding led by Mosaic Ventures.
{
"We believe that Zerion will emerge as the leading interface for the financial products of the future — DeFi is creating an entirely new...…
UK-based fintech platform Rapyd to acquire second Icelandic company Valitor for $100m
Rapyd, the ‘fintech-as-a-service’ platform plans to acquire Valitor for $100m. Valitor is an Icelandic offline and online payments...
Juni, a ‘vertical’ neobank for e-commerce and online marketing companies, raises $21.5m
Sweden based neobank for ecommerce raised $21.5m in Series A funding co-led by DST Global and Felix Capital.
{
“What we do is that we provide insights and knowledge of the e-commerce industry, ... And we can have a low risk profile because we...…
Slice raises $20m to go after the credit card industry in India
India based startup democratizing credit card access raised $20m in late stage funding led by Gunosy and Blume Ventures.
{
“You use your card more often than you use Uber, Ola, Swiggy and Zomato combined. But the payment experience on the card leaves a lot to...…
Real estate platform Casafari raises $15m to allow PE to buy single-family homes at scale
Portugal based real estate data platform raised $15m in Series A funding led by Prudence Holdings.
{
“Casafari has built a unique ecosystem, which connects brokers, developers, asset managers and investors and enables sourcing, valuation,...…
Wagmo raises $12.5m to offer pet insurance
New York City based pet insurance and perks startup raised $12.5m in Series A funding led by Revolution Ventures.
{
“The greatest challenge is figuring out how to break down the opportunity ahead of us, particularly in the employer benefit space, ......…
Austria’s Blockpit raises €8.4m to bring the necessary transparency to a blockchain-based financial market
Austria based crypto tax auditing startup raised €8.4m in Series A funding led by MiddleGame Ventures.
{
“In addition to the monetary boost, the expertise as well as international network of the investors in various areas will result in new...…
QED Investors leads $30m Series B in Brazilian fintech Solfácil
Brazil based financing platform for distributed solar raised $30m in Series B funding led by QED.
{
“The new shareholder will bring considerable know-how to consolidate Solfácil as the leader in technology and financing for distributed...…
AREX Markets raises €8.8m in Series A funding
Ireland based embedded lending platform raised €8.8m in Series A funding co-led by Mosaic Ventures and LocalGlobe.
{
“Our goal is to level the playing field for SME financing. Banks remain reluctant to lend to SMEs, often leading to them feeling trapped...…
Single.Earth to link carbon credits to crypto token market, raises $7.9m from EQT Ventures
Estonia based marketplace for nature-backed crypto tokens raised $7.9m in Series Seed funding led by EQT Ventures.
{
“Nature conservation is scalable, accessible, and makes sense financially; what’s more, it’s vital to engineer a systematic change.”,...…
Meet Super.mx, the Mexico City-based insurtech that raised $7.2m from VCs and unicorn execs
Mexico based insurtech raised $7.2m in a Series A funding led by ALLVP.
{
“That’s actually a very acute problem, ... People in Latin America buy a lot less insurance than they do in the U.S., and people in...…
Pleo raises $150m at a $1.7b valuation for its new approach to managing expenses for SMBs
Denmark based expense management platform raised $150m in Series C funding co-led by Bain Capital Ventures and Thrive Capital at a...
Canopy scores $11m in funding for tax practice management software
Utah based tax practice management suite raised $11m in funding led by Ankona Capital.
{
“It’s less about adding and more around just enhancing each of our product subcategories: document management, CRM and client portal,...…
White label fintech platform Toqio secures $9.4m Seed led by Seaya and Speedinvest
UK based white label digital finance SaaS raised $9.4m in Series Seed funding led by Seaya and Speedinvest.
{
“Businesses and banks are looking to innovate in the FinTech sector, but to date, they have had to create and maintain complex software...…
$1b+ crypto transacted via Visa-linked cards in H1
Visa now partners with over 50 firms to offer card programs which allow crypto-related spending at the millions of merchants on its...
JPM's Pinto believes trading flows will only improve in the years to come
After years of decline following the financial crisis, Wall Street now expects trading flows to improve as electronification and...
At 2.8b, UPI payments hit record high
The value of transactions grew 12% in June. E-commerce (381%), edtech (311%), gaming (250%), and healthcare (192%) have recorded the...
Revolut launches new Points feature in the UK; allows customers to win cash prizes
Revolut, a London based fintech company, has announced the launch of Points, a new feature that allows Revolut customers to earn points...
Vietnamese investment app Infina lands $2m seed round
Vietnam based retail investing platform raised $2m in seed funding led by Saison Capital, 500 Startups and 1982 Ventures.
{
“Retail investing in Vietnam is at an inflection point and we have seen multiple other emerging markets reach this break-out point. With...…
Kaszek Ventures leads a $15m round in Chilean asset management startup, Fintual
Chile based automated investment manager raised $15m in funding led by Kaszek Ventures.
{
“It’s different than the U.S.; we invest way less than you do; by a factor of 10 maybe," said Pedro Pineda, CEO and co-founder.
Former Zillow execs raise $70m seed round for Tomo, which wants to simplify the mortgage process
Connecticut based full stack digital mortgage provider raised $70m in seed funding led by Ribbit Capital.
{
“The big banks have never made more money, yet an experience with their mortgage business has never been worse...and it’s because the...…
Karat raises $26m Series A to build financial infrastructure for creators
San Francisco based credit card for creators raised $11m in Series A funding (and $15m in debt) led by Union Square Ventures.
{
“People want to have content that’s catered to them from the community that’s built for them and by them, and we see creators leading...…
London-based fintech Codat raises $40m in Series B round led by Tiger Global
London based accounting software API platform raised $40m in Series B funding led by Tiger Global.
{
“Financial services for SMBs are now changing more and more quickly, and we’re privileged to work with the people and companies who are...…
Single-family data startup Entera raises $32m
New York based single-family residential investment platform raised $32m in Series A led by Goldman Sachs Asset Management.
{
“We’ve had insatiable demand from our customers, who want to spend a whole bunch of money...we are trying to build everything we need to...…
Nordic mobile wallets to merge onto single tech platform
Danske Bank’s MobilePay digital wallet will merge with OP Financial Group’s Pivo in Finland and the Vipps mobile wallet offered by a...
ClearScore lands £144m in funding
UK based credit score report platform raised £200m in funding led by Invus Opportunities at a post money valuation of £503m.
{
"As one of the only profitable UK fintech business operating at real scale, we didn’t need to raise money, but rather we chose to...…
India’s central bank says growing presence of Big Tech in financial services a concern
In a report published on Thursday, Reserve Bank of India (RBI) said Big Tech expansion in the financial services sector has given rise to...
Kikoff launches with $30m in funding to help users build credit
San Francisco based credit building platform raised $30m in Series B funding led by Portage Ventures.
{
“A credit score is kind of like a GPA...If you’re a college student of course a GPA helps. But a GPA is only helpful if you’re going to...…
QR code-based payment acceptance app for SMEs launches in the UK
A new QR-code payment and invoicing app, called tomato pay, has launched in the UK, targeting small businesses and sole traders.
{
“Tomato pay is an app designed specifically to support small business owners and remove the headache of finances - starting by ensuring...…
JPMorgan to acquire OpenInvest
JPMorgan has agreed to acquire OpenInvest, a provider of ESG tools for the wealth management industry. The US bank aims to provide...
Binance, the world’s largest cryptocurrency exchange, banned by U.K. regulator
Cryptocurrency exchange Binance has been banned from operating in the U.K. by the country’s markets regulator, in the latest sign of a...
Avise co-founders host a clubhouse event to discuss their founders journey
Porttfolio company Avise co-founders Graham Stanton and Edgar Thomas will be hosting a clubhouse event, next week, on July 9th at 10am...
$6b NCR opens bitcoin purchases to 650 banks and credit unions via NYDIG
24m bank customers will be able to make bitcoin purchases following a new partnership between NCR and portfolio company NYDIG. Community...
Oxio founder hosts a keynote on unbundling telecoms
Nicolas Girard, CEO and Founder of portfolio company Oxio, hosted a keynote address this week discussing the unbundling of the telecom...
Tiger Global leads $42m Series B in Nigerian credit-led neobank FairMoney
Nigeria based credit-led challenger bank raised $42m in Series B funding led by Tiger Global.
{
“We have received our MFB banking license which now enables us to open current accounts for our users, and we’re doing that on quite a...…
JPMorgan Chase takes 40% stake in Brazil’s C6 Bank
Strategic investment creates partnership to accelerate C6’s growth, complementing Chase’s international consumer strategy.
{
JPMorgan Chase and C6 Bank announced that they have entered into a strategic agreement, whereby JPMorgan Chase will take a 40% ownership...…
XCLAIM raises $6.6m to democratize the world of bankruptcy claims
California based bankruptcy claims marketplace raised $6.6m in seed funding (extension) led by General Catalyst.
{
“When we did our due diligence, it was hard to find a comparable...it’s just such a hidden market. The average person on the street does...…
Mercuryo raises $7.5m for crypto-focused, cross-border payments
UK based crypto-enabled payments provider raised $7.5m in Series A funding led by Target Global.
{
“The need for fast and efficient international payments, especially for businesses, is as relevant as ever...our team has a clear plan on...…
Orum raises $56m to help speed up interbank transfers
New York based data platform for real-time payments raised $56m in Series B funding led by Accel and Canapi Ventures.
{
“Most Americans are not familiar with the intricacies of ACH (automated clearing house) or why it takes multiple business days to move...…
London based insurtech Hyperexponential closes $18m round
London based mathematical modeling platform for commercial insurers raised $18m in Series A funding led by Highland Europe at a post...
InsurTech startup bolttech raises $180 Million
Honk Kong based insurance product exchange raised $180m in Series A funding led by Activant Capital at a valuation over $1b.
{
“The brilliance is that the (insurance) exchange, it’s never really been done properly and everyone held on so tightly to the customers...…
Mercado Bitcoin, Brazil’s first crypto exchange, raises $200m from SoftBank
Brazil based digital assets exchange raised $200m in Series B funding led by Softbank at a post money valuation of $2.1b.
{
“This makes us a somewhat unique case in the ecosystem and among our fintech peers in general – few companies have managed to reconcile...…
InsureTech startup Pathpoint raises $30m in Series A
San Francisco based excess and surplus (E&S) insurance platform raised $30m in Series A funding led by Caffeinated Capital.
{
“More and more business has been conducted through the E&S market in recent years, yet it’s one of the key segments of commercial...…
Daylight raises millions to build a digital banking platform ‘designed for and by’ the LGBTQ+ community
California based neobank targeted towards the LGBTQ+ community raised $5m in seed funding led by Kapor Capital and Precursor Ventures.
{
“LGBT people engage with money really differently and there’s a multitude of reasons for that...we spend about the same proportion of our...…
Paris-based Monisnap raises €10m to boost its money transfer services for ‘unbanked’ communities
France based remittance provider for "unbanked" communitied raised €10m in Series A funding led by Serena.
{
“We are delighted to welcome Serena and we thank our historical investors for their renewed support. This fundraising will allow us to...…
The ‘Great Reshuffling’ Is Shifting Wealth to the Exurbs
Fascinating piece in the WSJ showing that white-collar workers are trading their expensive lives in the nation’s most densely populated...
When commission-free trading apps make over $100m in commission a month
The FT's Alphaville has a dig at eToro the Israel-based stock, CFD, and crypto trading house whose commission fees increased by 141% in...
Robinhood Valued at $55 Billion on Secondary Market Ahead of IPO
Bid prices for Robinhood’s private shares have risen from roughly $15 per share over the last year to just under $60. Those bids rose...
Banks turn to blockchains to reform costly bond market
A growing number of banks are experimenting with issuing bonds on blockchains, in a shift they say could eventually revolutionise an...
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