News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Parallel Finance raises $22m in Series A funding

Palo Alto based DeFi protocol that offers lending and staking services raised $22m in Series A funding led by Polychain Capital. 

Looking ahead, Parallel plans to also raise more funds, said Ruan. "After we have TVL [total value locked] traction, we will do another...…

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Offchain Labs raises $100m in Series B funding

Princeton based Ethereum rollup protocol raised $100m in Series B funding led by Lightspeed Venture Partners.

“There’s just so much more demand than there is supply on Ethereum,” Goldfeder tells TechCrunch. “Rollups give you the security derived...…

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Hum Capital raises $9m in Series A funding

New York based fundraising platform raised $9m in Series A funding led by Future Ventures. 

“The dream scenario is that any company in the world uses Hum to articulate what they’re trying to do with their mission, and then gets...…

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Syndicate raises $20m in Series A funding

California based decentralized investing platform raised $20m in Series A funding led by a16z.

The DeFi organization said the latest capital injection will be used to speed up the development of its decentralized autonomous...…

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Alpaca raises $50m in Series B funding

San Mateo based API-powered equities trading service raised $50m in Series B funding led by Tribe Capital. 

Yokokawa said Alpaca has a lot of stuff to build. And to build it all is going to take a lot of folks. Alpaca had just 10 employees when...…

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Zeal raises $13m in Series A funding

Chicago based payroll infrastructure startup raised $13m in Series A funding led by Spark Capital.

“Our mission is to touch every American paycheck with our tax and payment technology, ensuring that American employees are paid correctly...…

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Indiagold raises $12m in Series A funding

India based gold-focused digital credit platform raised $12m in Series A funding led by PayU and Alpha Wave Incubation.

“This whole business is built around trust,” said Misra in an interview with TechCrunch. “Unlike a norm in some circles of the startup...…

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PawaPay raises $9m in Seed funding

UK based Africa focused mobile payments startup raised $9m in Seed funding led by MSA and 88mph.

“We’re making a very heavy bet on the rise of mobile money and all the complexities that arise out of mobile money and all the...…

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Elopage raises €32m in new funding

Berlin based payment SaaS platform raised €32m in new funding led by Target Global, Partech Ventures and Avid Ventures. 

Founded in 2015 by Özkan Akkilic and Tolga Önal, elopage delivers a payment provider and content delivery service to digital...…

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Aumni raises $50m in Series B funding

Salt Lake City based investment analytics platform for private markets raised $50m in Series B funding led by JPMorgan.

"When we launched Aumni four years ago, we understood that access to structured data in the private capital markets simply did not exist...…

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DealerPolicy raises $110m in Series C funding

Vermont based digital insurance marketplace for auto retail raised $110m in Series C funding led by Goldman Sachs Asset Management.

"DealerPolicy has successfully pioneered the assimilation of personal insurance into the automotive retail process, in a unified and...…

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Flink raises $57m in a Series B funding

Mexico City based neobroker raised $57m in Series B funding led by Lightspeed Venture Partners.

“Most legacy Mexican banks cater to less than 1% of the population — meaning most Mexicans don’t have a bank account, let alone a...…

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Bungalow raises $75m in Series C funding

San Francisco based residential real estate marketplace raised $75m in Series C funding led by Deer Park Road.

“As you might imagine, the rental market was one of the most impacted sectors of residential real estate during the pandemic, and I fully...…

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Balance raises $25m in Series A funding

Tel Aviv based payments platform aimed at B2B merchants and marketplaces raised $25m in Series A funding led by Ribbit Capital.

The motivation for starting the company was simple, said CEO and co-founder Bar Geron: “We wanted to create an online B2B experience that...…

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MakersPlace raises $30m in Series A funding

San Francisco based digital art marketplace raised $30m in Series A funding led by Bessemer Venture Partners and Pantera Capital.

MakersPlace captured the world’s attention this spring when it sourced, minted, and brought to market digital artist Beeple’s Everydays:...…

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CapShift raises $5m in Series A funding

Massachusetts based impact investing platform raised $5m in Series A funding led by Bain Capital Europe and Aperio.

"We are thrilled to bring together a consortium of leading investors and innovators from the industries of impact and finance to fuel our...…

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Blockstream raises $210m in Series B funding

Canada based bitcoin technology company raised $210m in Series B funding from Baillie Gifford and iFinex. 

Now is a “most opportune time” to accelerate growth, Blockstream Chief Strategy Officer Samson Mow told CoinDesk via Telegram on Monday. ...…

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Cora raises $116m in Series B funding

Brazil based lender to SMBs raised $116m in Series B funding led by Greenoaks Capital.

“Greenoaks came to us and said they were very impressed, and ready to lead our Series B,” Senra said. “Their main goal was they didn’t...…

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Ramp raises $300m in Series C funding

New York based spend management startup raised $300m in Series C funding led by Founders Fund. 

“The pace of growth in the business has been a lot faster than people expected and so that’s a big part of what’s underpinning this new...…

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OPay raises $400m in new funding

Nigeria based mobile payments platform raised $400 million in new funding led by SoftBank Vision Fund 2.

OPay’s fundraise is the largest of the lot in terms of size and value, making it the second African fintech unicorn after Flutterwave and...…

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XREX raises $17m in Seed funding

Taipei based provider of business blockchain services like a crypto-fiat exchange raised $17m in Seed funding led by CDIB Capital Group.

XREX co-founder and CEO Wayne Huang said, “We keenly understand the struggles faced by many cross-border merchants who lack safe access...…

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DriveWealth raises $450m in Series D funding

New Jersey based brokerage infrastructure startup raised $450m in Series D funding led by Accel and Insight Partners.

“We are in the early innings of a worldwide retail investing revolution,” said Bob Cortright, founder and Chief Executive Officer of...…

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Ondo raises $4m in Seed funding

New York City based DeFi company raised $4m in Seed funding led by Pantera Capital.

Paul Veradittakit, Partner at Pantera Capital, noted, “Fixed income remains the missing piece that decentralized finance needs to go...…

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One raises $40m in Series B funding

Sacramento based "all-in-one banking" startup focused on the middle class raised $40m in Series B funding led by Progressive Insurance.

“Stretched middle-income households and working families deal with financial stress on a daily basis and are largely unsupported by...…

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Balance Re raises $10m in Series A funding

Germany life reinsurance startup focused on asset-liability management raised $10m in Series A funding led by Anthemis Group.

Lucian Rautu and Michel Gauer, the founders of Balance Re, said: "We are delighted to welcome Anthemis and Global Brain in the capital of...…

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Sightline Payments raises $244m in new funding

Las Vegas based electronic payments company focused on the gaming market raised $244m in new funding led by Cannae Holdings.

"In addition to Cannae Holdings, this funding round included existing investors Genting Group, Point Break Capital Management, and...…

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Smallcase raises $40m in Series C funding

India based wealth management startup raised $40m in Series C funding led by Faering Capital and Premji Invest.

“We have created a new, fast-growing category of investment products by developing an ecosystem of 250+ businesses in the capital markets...…

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Bill Ackman’s SPAC gets sued

The case contends that Ackman’s SPAC isn’t an operating company, but is actually an investment company like Ackman’s funds, which should...

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Branch raises $48m in Series B funding

Minneapolis based flexible workforce payments platform raised $48m in Series B funding led by Addition.

“One of our strengths was that we were connected to a lot of very disparate enterprise systems. And we were collecting a lot of really...…

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Jenfi raises $6.3m in Series A funding

Singapore based revenue-based financing startup for Southeast Asian companies raised $6.3m in Series A funding led by Monk’s Hill Ventures.

Liu launched Jenfi with Justin Louie in 2019, after seeing how traditional financial institutions were lagging behind Southeast Asia’s...…

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Pngme raises $15m in Series A funding

San Francisco and Africa based financial data infrastructure startup raised $15m in Series A funding led by Octopus Ventures. 

“It’s a highly data-driven user experience. And every fintech or bank wants to provide that same data-driven user experience. From...…

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Bitpanda raises $263m in Series C funding

Vienna based crypto exchange raised $263m in Series C funding led by Valar Ventures.

Commenting in a statement, Eric Demuth, co-founder and CEO, said: “We started Bitpanda in 2014 with a clear vision: To bring investing...…

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Figment raises $50m in Series B funding

New York based blockchain infrastructure provider raised $50m in Series B funding led by Senator Investment Group and Liberty City Ventures.

With Ethereum's transition to a PoS model, Figment predicts that the market cap of this segment of the crypto industry will "double...…

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Ualá raises $350m in Series D funding

Argentina based financial management app raised $350m in Series D funding led by SoftBank Latin America Fund and Tencent. 

“We are most impressed by Ualá’s ambition and execution. Our investment will propel the next stage of their vision, furthering a regional...…

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Carta raises $500m in Series G funding

San Francisco based equity management software company raised $500M in Series G funding led by Silver Lake. 

We transacted $100M of secondary in that auction, and a few days after the transaction settled we had inbound interest for a primary at...…

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Chime raises $750m in new funding at $25b valuation

San Francisco based challenger bank raised $750m in new funding led by Sequoia Capital. 

“Financial services is the largest industry in terms of market capitalization, and yet it is one of the last industries to be disrupted...…

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Divvy Homes raises $200m in Series D funding

San Francisco based proptech startup raised $200 million in Series D funding led by Tiger Global Management and Caffeinated Capital.

“We’re aiming to bring a legitimacy to alternative home financing options,” Divvy Homes CEO Adena Hefets told Bloomberg.

TaxBit raises $130m in Series B funding

Utah based crypto tax and accounting software provider raised $130m in Series B funding led by IVP and Insight Partners.

“The digital asset space experienced a watershed moment during the pandemic, resulting in an accelerated push toward digital payments and...…

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Gusto raises $175m in Series E funding

San Francisco based benefits, payroll, and HR software provider raised $175m in Series E funding led by T. Rowe Price.

Among those who took interest was Ken Chenault, who had just left his role as CEO of American Express and was leading investments for...…

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Jerry raises $75m in Series C funding

San Francisco based car-ownership super app and insurance comparison site raised $75m in Series C funding led by Goodwater Capital.

"We're helping our customers find savings on car expenses because we believe driving can be kept affordable and accessible," said Art...…

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Breeze raises $10m in Series A funding

Nebraska based insurtech startup raised $10m in Series A funding led by Link Ventures.

“We want a way for people to understand this type of insurance, make it more affordable and be bought completely online,” Nabity told...…

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Pave raises $46m in Series B funding

San Francisco based compensation platform for companies to manage wages raised $46m in Series B funding led by YC Continuity.

“I have always been a personal finance nerd. So naturally, after quitting my job as a software engineer at Facebook in June of 2019, I...…

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Liquality raises $7m in new funding

New York based crypto wallet raised $7m in new funding led by Hashed and Galaxy Digital.

“We look to partner with founders who are building the future. Liquality’s team is mission-driven and the product vision is big – from...…

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Canopy Servicing raises $15m in Series A funding

Hawaii based loan software startup raised $15m in Series A funding led by Canaan.

According to the CEO, in the future, companies will not buy a monolithic financial technology stack. Instead, he thinks, they will buy...…

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FreshBooks raises $80.75m in Series E funding

Canada based cloud-based accounting software company raised $80.75m in Series E funding led by Accomplice.

“The need for owners to manage their business digitally has accelerated, and this has changed how small business owners work with...…

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CoinDCX raises $90m in Series C funding

India based crypto exchange raised $90m in Series C funding led by B Capital.

"With these efforts in place, we have been able to increase our user base and will continue to grow our active user base through these...…

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Moove raises $23m in Series A funding

Nigeria based mobility fintech company raised $23m in Series A funding led by Speedinvest and Left Lane Capital.

“It became clear to us that people aren’t buying cars in Africa because there’s no access to finance. When you look anywhere else in the...…

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Kroo raises $24.5m in Series A funding

London based provider of banking services with social features raises $24.5m in Series A funding led by Rudy Karsan.

CEO Andrea de Gottardo (pictured), who joined Kroo as chief risk officer in 2018, said: “We want to build the world’s greatest social...…

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Pintu raises $35m in extended Series A funding

Indonesia based crypto exchange raised $35m in extended Series A funding led by Lightspeed Ventures.

“They became curious and the bread and butter of our business is essentially education,” said Adjiputro. “We have a lot of education on...…

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Jupiter raises $45m in Series B funding

India based neobank raised $45m in Series B funding led by Nubank, Global Founders Capital, Sequoia Capital and Matrix Partners India.

“The Indian and Brazilian markets have many similarities, and through this investment, we aim to support Jupiter in their growth path,”...…

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The Mexico-based fintech that decided to buy a bank

Credijusto’s co-founders wanted to avoid building a lender from scratch — their investors thought they were ‘mad’

In the six years since launching Credijusto, David Poritz and Allan Apoj delivered more than 250 per cent annual revenue growth and...…

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Mesari raises $21m in Series A funding

New York based cryptocurrency analytics firm raises $21m in Series A funding led by Point72 Ventures. 

“The defaults that many entrepreneurs, and builders in the industry have is to be transparent and cooperative,” says Selkis, 37. “And try...…

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Naked raises $11m in Series A funding

South Africa based insurance technology provider raised $11m in Series A funding led by Naspers.

“They can get a final insurance quote for their home, its contents, their standalone items or their car in less than 90 seconds, and...…

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Human Interest raises $200m in Series D funding

San Francisco based SMB 401(k) provider raised $200m in Series D funding led by The Rise Fund. 

“Promoting financial health is a core investment pillar for The Rise Fund. Human Interest delivers one of the most compelling solutions...…

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MakersPlace raises $30m in Series A funding

San Francisco based NFT marketplace raised $30m in Series A funding led by Bessemer Venture Partners and Pantera Capital. 

“With this Series A we will further our commitment to uniting the best digital artists with the most passionate collectors and continue...…

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Aspen Digital raises $8.8m in Seed funding

Hong Kong based digital asset investment platform raised $8.8m in Seed funding led by RIT Capital Partners and Liberty City Ventures.

Citing the rising interest for a single portal to manage all crypto holdings, Yang said: “To have the oldest wealth management family in...…

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Tabby raises $50m in Series B funding

UAE based “buy now, pay later” company raised $50m in Series B funding led by Global Founders Capital and STV. 

“This investment will enable us to deliver the most rewarding and relevant shopping experience for regional consumers and retailers,”...…

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BharatPE raises $370m in Series E funding

India based payments company raised $370m in Series E funding led by Tiger Global. 

“I am happy to appoint Suhail Sameer as the CEO in recognition of stupendous business growth he has delivered during the last 1 year and...…

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Rapyd raises $300m in Series E funding

London based “fintech-as-a-service” platform provider raised $300m in Series E funding led by Target Global.

“At the end of the day there are five things on planet earth for financial services, whether you are a bank or a mom-and-pop shop:...…

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ZenLedger raises $6m in Series A funding

Seattle based cryptocurrency tax software and blockchain analytics startup raised $6m in Series A funding led by Bloccelerate VC.

"Do I think that there's multiple issues with this bill that don't quite make sense? Yes. There is room for improvement 100 percent,"...…

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Yaydoo raises $20m in Series A funding

Mexico City based B2B software and payments company raised $20m in Series A funding led by Base10 Partners and monashees. 

“We are starting to see early signs of the network being built out of the payments product, and that is a good indication,” Dollaku said....…

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Prime Trust Raises $64m in Series A funding

San Francisco based maker of fintech infrastructure raised $64m in Series A funding led by Mercato Partners.

"We are experiencing an explosion of new financial services driven by digital native consumers, and nontraditional markets and assets,"...…

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Kuda raises $55m in Series B funding

U.K. and Nigeria based digital bank raised $55m in Series B funding led by Valar Ventures and Target Global. 

“We’ve been doing a lot of resource deployment has been in our operational entity, in Nigeria. But now we are doubling down on expansion...…

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Xepelin raises $230m in debt and equity funding

Chile based creator of a financial services platform for SMEs in Latin America raised $30m in new equity funding led by Kaszek Ventures.

“Any company in LatAm can onboard in just a few minutes and immediately access a free software that helps them organize their information...…

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VNLife raises $250m in Series B funding

Vietnam based payments provider raised $250m in Series B funding led by General Atlantic and Dragoneer. 

In an interview on Zoom, Managing Director Niraan De Silva said the investment valued the company at "well over $1 billion." He said the...…

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OfBusiness raises $160m in Series E funding

India based B2B commerce and financing startup raised $160m in Series E funding led by SoftBank Vision Fund 2.

Seven-year-old OfBusiness helps source raw material and provides companies with a portal to bid for government tenders. It also provides...…

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