News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

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...

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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...…

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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...…

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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...…

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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...…

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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...…

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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...

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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,...…

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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...…

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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...…

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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,...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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,...…

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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...…

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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,...…

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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...

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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...

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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....

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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...

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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, ......…

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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...…

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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...…

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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,...…

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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,...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...…

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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...

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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...…

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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,...

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Volt acquires Australian Mortgage

Australian neobank Volt has acquired fintech lender Australian Mortgage to speed up the mortgage approval process as part of its...

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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...

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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...…

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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...…

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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...…

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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...…

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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...

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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...…

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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...…

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