News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Circula raises €12m in Series A funding

Berlin based expense management startup raised €12m in Series A funding from Alstin Capital, Peak, and Storm Ventures.

With the capital from the financing round, Circula intends to grow its team from 50 to 120 employees, further develop its product, and...…

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Apple to rival Square by turning iPhones into payment terminals

Devices currently require external terminals such as Square’s. Apple paid $100 million for Mobeewave in 2020 to build feature.

The company has been working on the new feature since around 2020, when it paid about $100 million for a Canadian startup called...…

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Buy now, pay later firm Klarna launches physical card in the UK

The Klarna Card will initially only include Klarna’s “Pay in 30” feature, which lets shoppers pay down their debt within 30 days.

The card is already available in Sweden and Germany, where it is now used by over 800,000 people, according to Klarna. This is the first...…

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Compound raises $25m in Series B funding

San Francisco based tech-powered wealth management platform raised $25m in Series B funding led by Greenoaks and Lachy Groom. 

“The way we started the company was by trying to solve our own problems. We wrote an essay about equity compensation that garnered a lot...…

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Vesta raises $30m in Series A funding

San Francisco based mortgage infrastructure startup raised $30m in Series A funding led by a16z. 

“It’s about change management as much as anything else because replacing the existing process is hard. It requires the technical and...…

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Ascend raises $30m in Series A funding

Palo Alto based BNPL commercial insurer tool raised $30m in Series A funding led by Index Ventures.  

“The market responded so well to our product, so we wanted to secure financing for buy now, pay later to lend,” he added. “That prompted...…

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Fireblocks raises $550m in Series E funding

New York based institutional crypto custody provider raised $550m in Series E funding led by D1 Capital Partners and Spark Capital. 

Fireblocks CEO Michael Shaulov told The Block in an interview that the company has seen "phenomenal financial results" in the past year,...…

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Polly raises $37m in Series B funding

San Francisco based technology provider for the mortgage industry raised $37m in Series B funding led by Menlo Ventures.

“I viewed it as a sizable opportunity to build a vertically integrated software platform that would automate workflows for a mortgage...…

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Vest raises $6m in Seed funding

Mexico City based stock trading app raised $6m in Seed funding led by Founders Fund.

“We want to empower investors throughout the Americas to build their financial future via a world-class investment and education...…

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Laka raises $12m in Series A funding

London based collective insurer for bike and e-bike owners raised $12m in Series A funding led by Autotech Ventures.

"We've branched out from just the retail to commercial side across what we are calling 'green mobility,'" Tobias Taupitz, Laka's...…

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Aver raises $7.5m in Seed funding

Decentralized peer-to-peer betting exchange built on the Solana blockchain raised $7.5m in Seed funding led by Jump Crypto.

 Peter Johnson, Partner at Jump Crypto - “At Jump, we are excited about the future of Web3, sports betting, and the confluence of these...…

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Inventa raises $20m in Series A funding

Brazil based inventory marketplace that also provides credit raised $20m in Series A funding led by a16z and Monashees.

“There are 5 million entrepreneurs who have small stores in Brazil that Inventa is targeting,” Salama said. “Our B2B marketplace connects...…

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Lean Technologies raises $33m in new funding

Saudi Arabia based fintech company focused on accessing bank customer data raised $33m in new funding led by Sequoia Capital India.

The Saudi company is benefiting from what it sees as an open-banking transformation taking place in the Middle East. Businesses use its...…

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Clari raises $225m in Series F funding

California based revenue operations platform raised $225m in Series F funding led by Blackstone Growth. 

“Clari has transformed the revenue and sales process from an antiquated mess to a software- and data-driven business process that is...…

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Routefusion raises $10.5m in Seed funding

Austin based provider of cross-border payments software raised $10.5m in Seed funding led by Canvas Ventures.

“Banks and other financial services companies are really just risk companies. They’re not payments companies, and that’s not necessarily...…

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Curbio raises $65m in Series B funding

Maryland based pay-at-closing home improvement platform raised $65m in Series B funding led by Revolution Growth.

"Curbio is taking an outdated, broken process and dramatically improving it to benefit realtors, home sellers, and subcontractors.  We're...…

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Doconomy raises $19m in growth funding

Sweden based provider of climate impact-focused credit cards raised $19m in growth funding led by CommerzVentures.

“With Doconomy the power of the conscious consumer is unleashed. Corporates are increasingly acting on the much needed shift to greater...…

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Personetics raises $85m in new funding

Israel based provider of personalized advice tech for legacy banks raised $85m in new funding led by Thoma Bravo.

“Banks are increasingly moving from a passive to a proactive relationship with customers, and looking for new ways to help them improve...…

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Facet Wealth raises $100m in Series C funding

Baltimore based provider of financial planning benefits for employees raised $100m in Series C funding led by Durable Capital Partners.

“The average client pays about $3,000 per year. We’re more affordable than what a traditional financial advisor would charge,” Jones...…

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Payflow raises $9.1m in Series A funding

Spain based salary advance startup raised $9.1m in Series A funding led by Seeya Ventures and Cathay Innovation.

“We differentiate from other pay-on-demand companies because we have never charged an employee for using the service (we are the first...…

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Burnt Finance raises $8m in Series A funding

New York based decentralized auction protocol built on the Solana blockchain raised $8m in Series A funding led by Animoca Brands.

Yat Siu, the executive chairman and co-founder of Animoca Brands, commented: “Minting and trading assets in a permissionless ecosystem is...…

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Float raises $7m in Seed funding

Ghana based provider of business cashflow solutions raised $7m in Seed funding led by Tiger Global and JAM Fund.

“We needed credit and proceeded to get an overdraft from a long-term partner bank where we had transacted more than $100,000. But the...…

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Bolt raises $355m in Series E funding

San Francisco based e-commerce checkout experience company raised $355m in Series E funding led by BlackRock.

“It may seem like a lot of money raised, but actually no, this is capital for us to be competitive,” he added. “We don’t just want to be...…

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Conduit raises $17m in Seed funding

Boston based API for decentralized finance products raised $17m in Seed funding led by Portage Ventures.

"We’re excited to back Conduit, as we believe bridging the DeFi and fintech worlds is a massive opportunity," says Stephanie Choo,...…

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Web3Auth raises $13m in Series A funding

Singapore based crypto onboarding and authentication startup raised $13m in Series A funding led by Sequoia Capital India.

“Users use keys as accounts to trade, hold assets or just interact with blockchains, so control and security of those keys are...…

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Paysail raises $4m in Seed funding

San Francisco based invoicing payments platform that leverages asset-backed stablecoins raised $4m in Seed funding led by Uncork Capital.

“There have been enormous strides in making payments between, let’s say, the US and Canada, significantly cheaper and quicker. But if...…

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CAIS raises $225m in growth funding

New York based alternative investment platform for financial advisors raised $225m in growth funding led by Apollo and Motive Partners.

"We are honored to have Apollo, Motive, and Franklin Templeton as our new shareholders and partners," said Matt Brown, Founder and CEO of...…

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Twig raises $35m in Series A funding

London based cash-out app for lifestyle assets like fashion raised $35m in Series A funding led by Fasanara Capital. 

“Essentially our core business is we enable consumers to get paid for their old items and in the process we give a new life to their...…

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Qonto raises €486m in Series D funding

France based challenger bank focused on businesses raised €486m in Series D funding led by Tiger Global and TCV.

“Around a third of our customers created their companies with us. It’s their first account and the only one that they use,” Alexandre...…

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Brex raises $300m in Series D-2 funding

San Francisco based corporate credit card company focused on startups raised $300m in Series D-2 funding led by Greenoaks and TCV.

“We didn’t open up to new ones because we had so many new investors with deep pockets who we’d promised we’d give more allocation to over...…

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Alasco raises $40m in Series B funding

Munich based financial management platform for real estate projects raised $40m in Series B funding led by Insight Partners.

Speaking on the future of the company, CEO and founder Sebastian Schuon, said: “By the end of 2022, we plan on doubling our headcount...…

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Goldfinch raises $25m in Series A funding

California based DeFi credit platform focused on developing markets raised $25m in Series A funding led by a16z crypto.

“We just see enormous potential to expand access to capital and build this bridge to borrowers in the real world,” Sall tells TechCrunch.

Rupify raises $24m in Series A funding

India based B2B payments platform raised $24m in Series A funding led by Tiger Global and Bessemer Venture Partners.

“Our B2B BNPL is currently operating at some of the category-leading B2B marketplaces in India across sectors such as FMCG, pharma,...…

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Robinhood Announces Beta Launch of Crypto Wallet

Robinhood explained how the crypto wallet will work, with comments on the design, wallet addresses, and network/gas fees.

Robinhood has announced the upcoming beta launch of its cryptocurrency wallets a project first unveiled in September to allow customers...…

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Finexio raises $10m in growth funding

Orlando based accounts payable payments-as-a-service startup raised $10m in growth funding led by Mendon Venture Partners. 

Ernest Rolfson, Founder and CEO of Finexio said, "Our 'Payments as a Service' platform allows banks to facilitate rich, personalized...…

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Timo raises $20m in new funding

Vietnam based digital banking startup raised $20m in new funding led by Square Peg.

Tushar Roy, Square Peg Southeast Asia Partner said: “We have been impressed by the Timo team’s vision to transform banking in Vietnam. In...…

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Sygnum raises $90m in new funding

Switzerland and Singapore based digital asset bank and trading platform raised $90m in new funding led by Sun Hung Kai & Co.

“The digital asset economy is rapidly crossing the chasm to mainstream adoption, where investors will demand fully-regulated solutions as...…

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PayFit raises €254m in Series E funding

France based provider of payroll and HR management solutions for SMEs raised €254m in Series E funding led by General Atlantic.

“It’s true that we had never communicated about our valuation before. We only shared the size of our funding rounds,” co-founder and CEO...…

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CellPoint Digital raises $25m in new funding

London based provider of e-commerce and payment solutions raised $25m in new funding from Toscafund and its Penta Capital affiliate.

“With a business foundation that is stronger than it’s ever been, the logical next step is to widen our global reach and penetrate new...…

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Metaversal raises $50m in Series A funding

Miami based NFT projects investment and production startup raised $50m in Series A funding led by CoinFund and Foxhaven Asset Management.

“We are thrilled to welcome some of the foremost blockchain and technology investors into our mission to invest in the infinite stories...…

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Cion Digital raises $12m in Seed funding

Austin based enterprise SaaS blockchain orchestration platform raised $12m in Seed funding led by Green Visor Capital and 645 Ventures.

Cion is currently piloting its platform with "half-a-dozen customers," including a fintech lender and a vehicle dealer, according to...…

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Arcade raises $15m in Series A funding

New York based DeFi marketplace and lending platform for financing NFTs raised $15m in Series A funding led by Pantera Capital.

There are several such platforms that facilitate loans against NFTs, including NFTfi and Pawnfi. Masiello said Arcade's competitive edge...…

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Chai raises $45m in Series B funding

Seoul based payment solutions company raised $45m in Series B funding led by Nyca Partners and Softbank Ventures Asia.

“We are excited to continue our partnership with CHAI as they grow in Korea and expand across southeast Asia, which is ripe for digital...…

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