News by FinTech Collective

News by FinTech Collective

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News by FinTech Collective Archive

Pennylane raises €50m in Series B funding

France based accounting software startup raised €50m in Series B funding led by Sequoia Capital.

“Nine months ago, 90% of our clients reached out to us directly and 10% of them became clients through accounting firms. Nine months...…

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Bamboo raises $15m in Series A funding

Nigeria based investment app raised $15m in Series A funding led by Greycroft and Tiger Global.

“What we essentially want to do is to make investing in the global stock market easy for Africans,” said Richmond Bassey, who founded the...…

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Ayoconnect raises $15m in Series B funding

Indonesia based financial API platform raised $15m in Series B funding led by Tiger Global.

“We are building the AWS of open finance with the most complete offering globally so that we can power the companies of today and the...…

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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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Phantom raises $109m in Series B funding

Palo Alto based Solana wallet raised $109m in Series B funding led by Paradigm.

The Series B round brings Phantom's total funding to date to $118 million. It raised $9 million in Series A funding led by a16z in July...…

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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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Tuum raises €15m in Series A funding

Estoniana based core banking platform raised €15m in Series A funding led by Portage Ventures.

Founded in 2019 and led by CEO Vilve Vene, Tuum is a next-generation core banking technology provider. Its API-first, cloud-agnostic and...…

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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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Esusu raises $130m in Series B funding

New York based credit building startup raised $130m in Series B funding led by SoftBank.

“We founded Esusu with the vision of using data to bridge the racial wealth gap and create more equitable financial opportunities for...…

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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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Stonks.com raises $15m in Seed funding

San Francisco based fundraising platform raised $15m in Seed funding led by a16z.

At a16z, I’ve been focused on investing in startups with network effects. Stonks is building a network of investors through live demo day...…

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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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Creditas raises $260m in Series F funding

Brazil based lending start-up raised $260m in Series F funding led by Fidelity Management & Research.

“We want to continue growing fast. And that means that we need to invest in bringing in customers, so that over time, those customers...…

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SavvyMoney raises $45m in growth equity

California based consumer credit score startup raised $45m in growth funding from Spectrum Equity.

"We built SavvyMoney with the goal of enabling financial institutions to build better relationships with their customers, by offering...…

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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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M2P Fintech raises $56m in Series C funding

India based payments infrastructure startup raised $56m in Series C funding led by Insight Partners.

“We also help them upgrade their tech stack. There’s a movement underway as banks are transitioning from being capex-heavy product...…

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Autograph raises $170m in Series B funding

Santa Monica based NFT platform raised $170m in Series B funding led by a16z and Kleiner Perkins.

"We're in the midst of an exciting moment in the evolution of the next generation of the internet," Haun said in a press release....…

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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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April raises $10m in Seed funding

Israel based payments startup raised $10m in Seed funding led by Team8.

“Our mission is to be the accessible and affordable accountant that taxpayers could never afford,” said Daniel Marcous, April co-founder...…

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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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BillEase raises $11m in Series B funding

Philippines based BNPL startup raised $11m in Series B funding led by BurdaPrincipal Investments.

“Credit scoring is also something we constantly tinker with,” he added. “As new data comes in or new variables become available, we...…

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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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Moss raises €75m in Series B funding

Germany based spend management startup raised €75m in Series B funding led by Tiger Global. 

CEO and Co-Founder, Ante Spittler, said: “There is a strong demand in the market to further digitize and automate financial processes and...…

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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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iTrustCapital raises $125m in Series A funding

Los Angeles based crypto IRA provider raised $125m in Series A funding led by Left Lane Capital. 

The company says it also intends to provide an income-generating option in the form of staking services in the near future. It likewise...…

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Rain Financial raises $110m in Series B funding

Bahrain based crypto brokerage raised $110m in Series B funding led by Kleiner Perkins and Paradigm. 

“We believe Rain is a crucial piece of the puzzle for bringing the Middle East deeper into the new crypto economy. Their emphasis on...…

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Spendesk raises €100m in Series C funding

France based corporate spend management platform raised €100m in Series C funding led by Tiger Global. 

“We have had this goal since the beginning — we really want to become this platform, this operational system to manage your spending,”...…

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Pinwheel raises $50m in Series B funding

New York based payroll API raised $50m in Series B funding led by GGV Capital.

“One of our customers, for example, may be a teacher or a nurse who may be in the same job for five or six years, may have a FICO [credit...…

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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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Accrue Savings raises $25m in Series A funding

Delaware based “save now pay later” startup raised $25m in Series A funding led by Tiger Global. 

“Brands have tremendous influence, and while there is a deep misnomer that Americans don’t save, our own research shows that people were...…

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AcreTrader raises $40m in Series B funding

Arkansas based farmland investing platform raised $40m in Series B funding led by Anthemis Group.

“Over the last few years, we’ve seen that land investing can consistently deliver strong returns even when markets experience turbulence....…

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Pluang raises $55m in Series B extension funding

Jakarta based investment app raised $55m in Series B extension funding led by Accel.

Kolonas said the new interest in investment is driven by the country’s high rates of smartphone penetration and savings per capita....…

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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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Accelerant raises $193m in new funding

Atlanta based insurance risk exchange raised $193m in new funding led by Eldridge Industries.

“Managing general underwriters often complain that the market lacks transparency, there is little shared risk and that the industry at...…

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Refyne raises $82m in Series B funding

India based earned wage access platform raised $82m in Series B funding led by Tiger Global. 

In a statement, Alex Cook, a partner at Tiger Global, said: “We believe Refyne will be the preferred partner for large employers that...…

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Acorn Finance raoses $8.4m in Series A funding

Sacramento based marketplace for home improvement financing raised $8.4m in Series A funding led by MassMutual Ventures.

"This new funding will allow us to double our team and expand Acorn's technology to instantly provide customers with the most competitive...…

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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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Novo raises $90m in Series B funding

Miami based neobank for SMBs raised $90m in Series B funding led by Stripes.

“We are competing against big banks. They are the only ones we are concerned with because they own 99% of the market,” said Michel...…

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KionWorks raises $43m in Series C funding

Indonesia based financial platform for SMEs raised $43m in Series C funding led by MDI Ventures.

Arifin said that since KoinWorks’ monthly disbursement rate reached $50 million a month, its take rate has grown enough that the company...…

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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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Qraft Technologies raises $146m in new funding

Seoul based enabled fintech company raised $146m in new funding led by SoftBank. 

“Asset management has probably been the slowest adopter to AI, outside of trading,” Mr. Nestor said. “Many firms are now going through...…

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PrimaryBid raises $150m in Series C funding

London based new public share investment platform is raising $150m in Series C funding led by SoftBank. 

PrimaryBid was also assisted by changes to the pre-emption rules at the start of the crisis, enabling companies to increase the amount of...…

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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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Brankas raises $20m in Series B funding

Indonesia based open banking startup raised $20m in Series B funding led by Insignia Ventures Partners.

In a statement about its investment in Brankas, Insignia Ventures Partners principal Samir Chaibi, said, “We have also been impressed by...…

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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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