News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Leasy raises $2m in Seed funding

Lima based auto financing company for ride-hailing drivers raised $2m in Seed funding led by Magma Partners.

“We also recognized we were operating in a very risk-averse region when it comes to credit and that we had to prove how we were...…

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Perfios raises $70m in Series C funding

Bengaluru based credit decisioning company raised over $70m in Series C funding led by Warburg Pincus LLC and Bessemer Venture Partners.

“Our philosophy has been to first research, understand the requirements and then create technology with viable business models. We don’t...…

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Sweater raises $12m in Seed funding

Boulder based startup operating a VC fund for retail investors raised $12m in Seed funding led by Motivate VC and Akuna Capital.

The bottom line: The pandemic awakened the retail investor and drove them into the stock market. Whether the same crowd is willing to try...…

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HUBUC raises $10m in Seed funding

Barcelona based embedded finance startup raised $10m in Seed funding led by WndrCo and Runa Capital.

“Embedded finance is no longer the exclusive privilege of large technology firms. Our vision is to become the platform that enables any...…

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Promise raises $25m in Series B funding

California based platform for consumers to pay government debt raised $25m in Series B funding led by The General Partnership.

“We have found that people struggling to pay their bills want to pay and will pay at extremely high rates if you offer them reminders,...…

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Savvy raises $7.3m in Seed funding

Mumbai based wealth management software company raised $7.3m in Seed funding led by Index Ventures and Thrive Capital.

"We noticed that over the past decade, and specifically since the onset of the pandemic, that the wealth management industry was not...…

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Nirvana Insurance raises $22m in Series A funding

San Francisco based commercial fleet insurance company raised $22m in Series A funding led by Lightspeed Venture Partners.

“The analog approach to issuing insurance to commercial fleets is fundamentally broken. The process is confusing, slow, and comes at a...…

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Zebec raises $15m in Series A funding

San Francisco based Solana-based protocol raised $15m in Series A funding led by Solana Ventures and Distributed Global.

“Despite all of the promise of decentralized finance and Web3, most organizations are still relying on Web2-style payments or, at best,...…

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Monite raises $5m in Seed funding

Berlin based embedded finance platform raised $5m in Seed funding led by Point72 Ventures.

“Monite is building a universal financial backend, serving business customers through any app or service provider they happen to be using.”

Dowsure Technologies raises $20m in Series B funding

Shenzhen-based cross-border payments startup raised a $20m Series B funding round led by an undisclosed strategic investor.

"The market Dowsure is targeting has huge potential and sizing, we recognize Dowsure's approach to solve the underbanked issued in...…

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OCR Labs raises $30m in Series B funding

London based digital ID verification startup raised $30m in Series B funding led by Equable Capital.

“Our vision remains unchanged: we strive to be the leading technology provider of digital identity verification, globally.”

Helium raises $200m in Series D funding

San Francisco based decentralized hotspot network raised $200m in Series D funding from investors including Tiger Global and FTX Ventures.

Helium is a decentralized network of over half a million hotspots that provides bandwidth for, and collects data from, nearby...…

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Spotter raises $200m in Series D funding

Los Angeles based financial liquidity services company for YouTube creators raised $200m in Series D funding led by SoftBank Vision Fund 2.

“Creators have done second and third deals with us, so it’s not a one-and-done type of situation,” Spotter founder and CEO Aaron...…

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Earnipay raises $4m in Series Seed funding

Nigeria based earned wage access company raised $4m in Series Seed funding led by Canaan Partners.

“There were adverse effects of that long wait time between pay cycles, especially for these people who didn’t earn a lot of income.”

Multis raises $7m in Series Seed funding

France based crypto management software company raised $7m in Series Seed funding led by Sequoia Capital.

“We help customers supercharge their existing Gnosis Safe wallet by adding an all-in-one software layer designed for business.”

Flow raises $20m in Series A funding

San Francisco based provider of private fund formation and management software raised $20m in Series A funding led by SVB.

"The volume, pace and complexity of fund management is setting new records. By bringing Flow to the multi-trillion dollar asset...…

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Ageras Group raises €30m in new funding

Copenhagen-based financial services company for SMEs raised €30m in new funding led by Centripetal Capital and Lugard Road Capital.

“This is a big milestone for us, but it’s not our destination. What started as an online marketplace for small business owners to find...…

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ViaBill raises $120m in equity and debt funding

Denmark based provider of BNPL services for physical retailers raised $120m in equity and debt funding led by Fasanara Capital.

“80% of our consumers’ spending happens offline” continues Lytje-Hansen “While other large Buy Now Pay Later players like Klarna,...…

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Akulaku raises $100m in Series E funding

Indonesia based banking and digital finance platform raised $100m in Series E funding from Siam Commercial Bank. 

"Our investment in Akulaku fits within our regional goal of serving an underserved market using digital innovations," SCB President Arak...…

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Maverick raises $8m in new funding

Decentralized permissionless derivatives protocol raised $8m in new funding led by Pantera Capital. 

As it stands, crypto derivatives account for close to 50% of the total trading volumes. However, the DeFi ecosystem lags behind when it...…

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Highline raises $4.5m in Seed funding

Dallas based payroll-linked bill payment startup raised $4.5m in Seed funding led by Foundation Capital and Costanoa Ventures.

“The majority of Americans are living paycheck to paycheck, resulting in negative consequences like overdraft fees and missed payments,”...…

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RapidRatings raises $200m in growth equity funding

New York based provider of financial health data and analytics raised $200m in growth equity funding led by Spectrum Equity.

Private-investment firms Spectrum Equity Management and 22C Capital led the investment, backing the New York-based company alongside FTV...…

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PatientFi raises $15m in new funding

California based patient financing company raised $15m in new funding led by Patriot Financial Partners and Curgl Collective.

“Despite the growing adoption of point-of-sale financing as a standard payment alternative in many other industries, patient financing...…

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Genesis raises $200m in Series C funding

London based application development platform for financial companies raised $200m in Series C funding led by Tiger Global Management.

"We have worked hard to become central to IT delivery across financial markets, and we are increasing our focus on and commitment to our...…

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Mundi raises $16m in Series A funding

New York based fintech startup focused on cross-border trade raised $16m in Series A funding led by Union Square Ventures.

“SMEs have major financial risks when trading internationally: lack of working capital, currency exposure, and non-payment. We are...…

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Banked raises $20m in Series A funding

United Kingdom based payments startup raised $20m in Series A funding led by Bank of America and Edenred Capital Partners.

“We are building a branded network for the benefit of all merchants and consumers – merchants who work with us benefit from being part...…

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Top Latin American exchange Bitso officially expands to Colombia

Founded in 2014 in Mexico, Bitso is now officially present in Argentina, Brazil, El Salvador and Colombia.

As part of Bitso’s development strategy in Colombia, the exchange has hired former Mastercard executive Emilio Pardo as new country...…

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Sardine raises $19.5m in Series A funding

San Francisco based fraud and compliance platform for fintech companies raised $19.5m in Series A funding led by a16z.

“It’s an amazing time, as the very concept of money is being reinvented with the rise of fintech and crypto digital wallets,” said Soups...…

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Clikalia raises €75m in growth funding

Madrid based iBuyer active in Spain and Mexico raised €75m in growth funding led by SoftBank Vision Fund 2 and Fifth Wall.

“The iBuyer model is an excuse to travel with the customer,” Moreno said, with the idea being that Clikalia brings together and...…

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ElasticRun raises $300m in Series E funding

India based e-commerce and working capital platform for small shops raised $300m in Series E funding led by SoftBank Vision Fund 2.

In April last year, the company raised $75 million in its Series D financing round co-led by Prosus and Bengalaru-based VC firm Avataar...…

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Daffy Charitable raises $17.1m in Series A funding

Los Altos based non-profit community for donations and giving raised $17.1 million in Series A funding led by Ribbit Capital. 

“It’s definitely a wedge for something bigger but not aimed at financial services,” Nash told us last week. “This isn’t a megabank play....…

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LoanStreet raises $25 million in Series B funding

New York based platform for sharing, managing, and analyzing loans raised $25m in Series B funding led by Portage Ventures.

“LoanStreet is uniquely positioned as a critical lending infrastructure provider with scalable solutions that can benefit all lenders,...…

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Rewire raises $25m in Series B funding

Tel Aviv based digital mobile banking platform for facilitating cash remittances raised $25m in Series B funding led by OurCrowd. 

The COVID-19 pandemic boosted the growth of many FinTech companies and Rewire was no different. “The Covid-19 crisis posed difficult...…

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Taxfyle raises $20m in Series B funding

Miami based online tax filing platform raised $20m in Series B funding led by Fuel Venture Capital and IDC Ventures.

“Taxfyle is essentially a marketplace of CPAs and IRS Enrolled Agents. We’ve been acting almost like an Amazon fulfillment center for...…

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Midas raises $11m in Seed funding

Turkey based investing startup raised $11m in Seed funding led by Spark Capital and Earlybird.

"Over the last decade, we have seen the rise of modern mobile investing platforms globally. However, emerging markets have remained out...…

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Streetbeat raises $10m in Seed funding

Palo Alto based investing app for stocks and cryptocurrencies raised $10m in Seed funding led by TTV Capital.

Damián Scavo, founder and CEO of Streetbeat, commented: “Today’s brokers make money any time the user makes a trade, not when the user...…

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Fintern raises £8m in Series A funding

London based lending startup raised £8m in Series A funding led by international investment firm Hambro Perks.

Gerald Chappell, CEO and Co-founder at Fintern, said: “Today marks an important milestone for Fintern in our mission to make consumer...…

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ComplYant raises $5.5m in Seed funding

Los Angeles based digital tax assistant for small businesses raised $5.5m in Seed funding led by Craft Ventures.

"During my time as a CPA, I saw firsthand how small business owners struggle with managing their tax deadlines. Running a small business...…

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Thndr raises $20m in Series A funding

Egypt based investing app raised $20m in Series A funding led by Tiger Global, BECO Capital and Prosus Ventures.

“The first investment that 75% of our users have done was with less than $500. Without Thndr, these people wouldn’t even be able to open...…

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Seyna raises €33m in Series A funding

Paris based insurance platform raised €33m in Series A funding led by White Star Capital and Elaia Partners.

Stephen Leguillon, CEO of Seyna, said: “An insurance broker’s mission is to protect clients as they take risks, enabling people to leap...…

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Aleo raises $200m in Series B funding

Reno based private application building platform raised $200m in Series B funding led by Kora and SoftBank Vision Fund.

"We're confident that when developers experience how intuitive it is to write and deploy applications within Aleo, we'll see even greater...…

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Alchemy raises $200m in Series C funding

San Francisco based blockchain infrastructure company raised $200m in Series C funding led by Lightspeed Venture Partners and Silver Lake.

"Everything we do around investing in the community, it's all based on, 'how do we help bring new products to the world."

Ramp raises $200m in growth funding

New York based corporate card and spend management platform raised $200m in growth funding led by Founders Fund.

The transaction, which was initiated in December of last year, indicates venture capitalists’ growing interest for certain high-growth...…

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Jar raises $32m in Series A funding

India based savings and investment startup raised $32m in Series A funding led by Tiger Global.

“Jar is bringing new users into the online investing space, starting with digital gold as the first product. We are bought into Jar’s...…

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Tribal raises $60m in Series B funding

San Francisco based B2B payments and financing startup raised $60m in Series B funding led by SoftBank.

"Moving forward with this raise, we're really taking that success that we had in Mexico and just replicating this in other Latin American...…

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PalmPay raises $100m in Series A funding

UK based African payments company raised $100m in Series A funding led by Chuangshi Capital and Trust Capital. 

“On channel and access, we’re going to be pre-installed on all Tecno phones. Your’e gonna find us in the Tecno stores and outlets. So we...…

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Billhop raises €10.5m in new funding

Stockholm based straight-through processing payments startup raised €10.5m in new funding funding led by EQT Ventures.

“We have seen a very strong product market fit in the last 12 months and the investment from EQT Ventures further accelerates our plan of...…

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Casava raises $4m in Pre-Seed funding

Nigeria based digital insurance company raised $4m in Pre-Seed funding led by Target Global.

“Our mission is to provide affordable insurance for Nigerians. With less than one percent of the country insured, Nigeria (and Africa) is...…

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Mos raises $40m in Series B funding

San Francisco based challenger bank for students raised $40m in Series B funding led by Tiger Global.

“Rather than being a player tangentially on the side of financial access and inclusion, they recognize that they have the unique...…

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Bold raises $55m in Series B funding

Columbia based digital payments startup raised $55m in Series B funding led by Tiger Global. 

“If you go to any flea market in the main cities of the country, you will see that many of the sellers and tourist operators are using...…

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Tint raises $25m in Series A funding

San Francisco based embedded insurance startup raised $25m in Series A funding led by QED Investors.

"We're living through the biggest transformation in insurance since it was invented, with the potential to affect hundreds of thousands...…

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Lex raises $15m in Series A funding

New York based commercial real estate securities marketplace raised $15m in Series A funding led by Peak6.

“These are all stabilizing or stabilized assets, with long-term leases, cash flow and historical financials,” said CEO Drew Sterrett....…

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Bizi raises $7.5m in Seed funding

Israel based SMB financing startup raised $7.5m in Seed funding led by BlueVine.  

“We are a completely independent company which uses BlueVine’s technology,” explained Lustig. “We will be completely digital at every...…

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Circula raises €12m in Series A funding

Berlin based SaaS corporates expense management startup raised €12m in Series A funding led by Alstin Capital and Storm Ventures.

“Merging together the ideas from expense management and employee benefits is an exciting opportunity. We deliver value by increasing the...…

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Metronome raises $30m in Series A funding

San Francisco based billing and data infrastructure platform for usage-based companies raised $30m in Series A funding led by a16z.

“Innovative new software companies are reaching scale every day, and they’re all hamstrung by the lack of flexible billing platforms....…

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Wayflyer raises $150m in Series B funding

Dublin based financing platform for e-commerce merchants raised $150m in Series B funding led by DST Global and QED Investors. 

“The pandemic has accelerated eCommerce adoption globally and Wayflyer is transforming financial services for eCommerce businesses...…

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