News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Blockchain.com raises new funding

London based digital assets platform raised an undisclosed amount of growth funding at a $14b valuation led by Lightspeed Venture Partners.

Blockchain.com last year said it was moving its U.S. headquarters from New York to Miami, and is leasing a 22,000-square-foot...…

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Cross River Bank raises $620m in Series D funding

New Jersey based digital bank that offers payment and lending APIs to others raised $620m in Series D funding led by Eldridge and a16z.

“Cross River enables every company to become a fintech company, a vision we are bullish about at a16z and another reason why we’ve been...…

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Sprout raises $3m in Seed funding

Hong Kong based provider of cap table software raised $3m in Seed funding led by Sequoia Capital India.

“We think there’s a tremendous opportunity to help traditional and crypto companies manage tokens.”

Archie raises $5m in new funding

New York City based freelancer pay company raised $5m in new funding led by B Capital Group.

“We will continue to focus on growth, building out different layers of the platform. That includes providing ways for contracts and other...…

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Anyday raises €4m in Seed funding

Denmark based BNPL company raised €4m in seed funding from Inventure.

"As it is now, Anyday uses a number of metrics to assess the credit worthiness of a customer. We approve around 50 % of the applications,...…

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Wert raises $5m in Seed funding

Estonia based payments gateway that enables direct NFT purchases with credit cards raised $5m in Seed funding led by Tagus Capital.

"Wert uses embedded finance technology in order to simplify purchasing of NFTs and other DeFi products. Its payment module facilitates...…

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January raises $10m in new funding

New York based debt resolution platform raised $10m in new funding led by Brewer Lane Ventures.

"I was looking to see ‘How can we solve what’s objectively one of the most broken and antiquated parts of consumer finance?’ And that led...…

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Yonder raises £20m in new funding

London based lifestyle credit card company raised £20m in funding led by Northzone and LocalGlobe.

“We have seen the rise of a $300 billion fintech industry, predominantly driven by customers demanding better seamless financial...…

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Khazna raises $38m in Series A funding

Egypt based financial super-app raised $38m in Series A equity and debt funding led by Quona Capital.

“We are much more of a super app than a digital bank because we have, in addition to the financial services, launched multiple...…

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RoundlyX raises $2m in Seed funding

Virginia based investing round-up platform raised $2m in Seed funding led by Virginia Innovation Partnership.

"There's so much cool stuff going on in web3, and no central platform," Elliott said, adding that he sees integrating the RoundlyX...…

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Dapio raises $3m in Seed funding

UK based cashless payment company raised $3m in Seed funding led by Flutterwave and Techstars.

“I exactly understand this pain and how difficult it is to go to a bank and go through the exact procedure applied to a big enterprise....…

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CARD91 raises $13m in pre-Series A funding

India based payment infrastructure platform raised $13m in pre-Series A funding led by Infinity Ventures.

“Businesses don’t have to go to banks separately for integration/approvals. We take care of everything, thereby enabling companies to...…

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TransFICC raises $17m in Series A funding

London based electronic trading company raised $17m in Series A funding led by AlbionVC.

“As banks and asset managers focus on automating trading workflows to deliver increased efficiency, our ‘One API’ has been implemented at...…

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Mosaic raises $25m in Series B funding

San Diego based strategic finance company raised $25m in Series B funding led by Founders Fund.

"Over the last year, the company has focused on building out features for core components of its strategic finance platform centered...…

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Home365 raises $26m in Series B funding

San Jose based real estate investment and property management company raised $26m in Series B funding led by Viola Growth.

"Home365 is bringing significant value to its clients that is wholly unique in the market, as demonstrated by our recent expansion rate...…

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BoostUp raises $29m in Series B funding

California based revenue operations and intelligence platform raised $29m in Series B funding led by NGP Capital.

“Leaders use cockpit-style forecasting command centers to review and source forecast judgements across their whole team hierarchy and...…

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Modern Treasury raises $50m in Series C funding

San Francisco based payments infrastructure company raised $50m in Series C funding led by SVP Capital and Salesforce Ventures.

“The areas that I think they’ve wanted to go after initially have been these low-hanging fruits where the volume and the complication of...…

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Pine Labs raises $50m in growth funding

Bengaluru based digital payments provider raised $50m in growth funding led by Vitruvian Partners.

"Pine Labs, which filed for a confidential IPO filing in the US in January this year, has had to postpone its IPO plans to the second...…

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Churpy raises $1m in Seed funding

Kenya based accounts receivable company raised $1m in Seed funding led by Unicorn Growth Capital.

“It was really not hard for us to unlock a lot of ideas, products, innovation and tech around the financial industry space. We’ve been...…

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DFlow raises $2m in Seed funding

Remote decentralized protocol for order flow markets raised $2m in Seed funding led by Multicoin Capital and Framework Ventures.

We are building the first protocol for decentralized order flow markets, and this capital raised will be used to onboard institutional...…

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Effectiv raises $4m in Seed funding

San Francisco based risk management platform for financial companies raised $4m in Seed funding led by Accel.

“Cutting-edge technologies that drive Effectiv have so far been prohibitively expensive and were designed for and by large organisations....…

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Equi raises $10m in Seed funding

California based remote investing platform focused on alternative investments raised $10m in Seed funding led by Foundation Capital.

“The traditional investment advice of just dollar-cost averaging into Vanguard funds, and hoping everything’s going to be okay — that was...…

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Blur raises $11m in Seed funding

Bahamas based NFT marketplace for professional traders raised $11m in Seed funding led by Paradigm.

"Infrastructure has failed to keep up as monthly trading volumes hit billions, and web2 business models hold the space back with poorly...…

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Latitud raises $12m in Seed funding

Latin America based cap table management company raised $12m in Seed funding led by Andreessen Horowitz and NFX.

“The ecosystem is being stress-tested and it’s all going to break if someone doesn’t build superhighways to make things more efficient...…

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FinPay raises $15m in new funding

Pennsylvania based patient financial management company raised $15m in new funding led by PeakSpan Capital.

"FinPay has experienced accelerating growth over the last two years due to our focus and investment in our proprietary analytics,...…

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Poplar Homes raises $53m in Series B funding

California based proptech for single-family rental investors raised $53m in Series B funding led by LL Funds.

"Single family rentals are an increasingly valuable asset, and Poplar is at the forefront of bringing institutional operating power to...…

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GrowSari raises $78m in Series C funding

Manila based small business digitization platform raised $78m in Series C funding led by the IFC.

“The pandemic has fundamentally changed how business works … Businesses that ignore digital technology put themselves at an immediate...…

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Yokoy raises $80m in Series B funding

Zurich based spend management platform raised $80m in Series B funding led by Sequoia Capital.

“AI and automation have a meaningful role to play in refining this piece of the enterprise experience and can save companies a lot of...…

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ArK Kapital raises €15m in Seed funding

Stockholm based alternative financing company raised €15m in Seed funding led by Local Globe.

"Once we have all the information we need from the customer, turnaround is shorter than two weeks.  We aim for precision financing,...…

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Zepto raises A$25m in Series A funding

Australia based account-to-account merchant payments company raised A$25m in Series A funding led by AirTree Ventures and Decade Partners.

“Data-rich, real-time payments, directly between bank accounts are the future of how we transact, and Australian policymakers have...…

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Data Vault Holdings raises $31m in Series A funding

New York based data tokenization company raised $31m in Series A funding led by undisclosed investors.

"Datavault's mission is to create monetizable value from our customers' data assets. We began our company with charitable intent–to...…

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Blidz raises €6m in Seed funding

Finland based European social shopping app raised €6m in Seed funding led by General Catalyst and Peak.

“Sixty percent of e-commerce in Europe today is dominated by Amazon, and then a long tail of others like it. We believe that there is a...…

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prePO raises $2.1m in Growth funding

Australia DeFi trading platform raised $2.1m in growth funding led by Republic Capital and IOSG Ventures.

“We believe prePO’s approach to synthetic pre-public assets is a game changer for those who have not been able to participate in the...…

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Aavenir raises $6m in Series A funding

San Francisco based AI source-to-pay startup raised $6m in Series A funding led by Accel.

“Aavenir has uniquely positioned its solutions with an extensive set of fully configurable functionalities powered by digital workflows,...…

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Ribbon raises $8.8m in Growth funding

San Francisco based DeFi startup focused on crypto derivatives raised $8.8m in growth funding led by Paradigm.

“Ribbon simple way for users to earn high yield on bitcoin, ether and USDC. We help users create exposure to expert, complicated...…

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Tokenex raises $100m in Series B funding

Oakland based cloud tokenization provider raised $100m in Series B funding led by K1 Investment Management.

“It’s 2022 and cybercrime is at an all-time high. The rise in card-not-present transactions, which has been further propelled by...…

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Wealth raises $16m in Seed funding

Arizona based digital estate planning platform raised $16m in seed funding led by Anthos Capital.

"Our team commissioned one of the largest estate planning studies, surveying 10,000 American adults ages 30-55. We found that only 32% of...…

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Saphyre raises $18.7m in Series A funding

New York based AI collaboration platform for asset managers raised $18.7m in Series A funding led by HCAP Partners.

"Saphyre has developed an industry leading software platform that organizes unstructured data and documents and automates activities in...…

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Money Washing

A long form read on money washing and "Londongrad" from Scott Galloway. In short, the AML, KYC business is going to boom!

Yet until just a few weeks ago, a first cousin to money laundering received far less attention: money washing. The conversion of corrupt,...…

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Outgo raises $3.4m in new funding

Seattle-based banking solution for freight carriers raised $3.4m in new funding led by Neo and PSL Ventures. 

"We just felt like those carriers were underserved and they needed to have better tech and greater transparency on the decisions they’re...…

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Kadmos raises $9.1m in Seed funding

Berlin based startup focused on international salary payments raised $9.1m in Seed funding led by Addition. 

"There are 180 million migrant workers in the world traveling across the globe to provide a better future for their loved ones. We...…

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Digits raises $65m in Series C funding

San Francisco based real-time accounting startup for SMBs raised $65m in Series C funding led by SoftBank.

“We know we are building pretty compelling technology that no one else has. For example, if you are a bank and want to apply different...…

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Flock Homes raises $26m in Series A funding

Denver based real estate investment startup for landlords raised $26m in Series A funding led by Andreessen Horowitz. 

“Flock buys the property from the landlord, who then gets shares in this partnership which owns a bunch of houses. They get to keep all...…

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Astronomer raises $213m in Series C funding

Cincinnati based data orchestration platform raised $213m in Series C funding led by Insight Ventures.

“As the modern data stack has arrived at scale, we now need an orchestration experience to support today’s sophisticated, high-velocity...…

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Lucky raises $25m in Series A funding

Egypt based credit and cashback platform raised $25m in Series A funding led by Nclude.

"Lucky revolutionizes how MENA’s population shops, pays, and saves by designing a seamless app that offers credit products, discount...…

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Tomo raises $40m in Series A funding

 Texas based mortgage fintech raises $40m in Series A funding led by SVB Capital. 

"Tomo aims to be a PayPal for the mortgage industry, offering both underwritten pre-approvals and verified pre-approvals, which do not...…

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ChargeAfter raises $44m in Series B funding

California based multi-lender buy now pay later consumer financing platform raised $44m in Series B funding led by The Pheonix.

"While BNPL has exploded in popularity in recent years, the marketplace often gives consumers limited options and up to a 70 percent...…

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Jeeves raises $180m in Series C funding

New York based corporate cards and spend management startup Jeeves raised $180m in Series C funding led by Tencent.

“The space is growing and so is the TAM. More companies are coming online every day and they need spend management. The way we look at it...…

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Optimism raises $150m in Series B funding

New York based Ethereum scaling startup raised $150m in Series B funding led by Paradigm and a16z.

“We made a commitment to the public that we would not take profit from operating centralized parts of the system, so we wanted to remove...…

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Formfunction raises $4.7m in Seed funding

San Francisco based Solana NFT marketplace focused on independent creators raised $4.7m in Seed funding led by Variant Fund. 

"Formfunction is the platform I would have wanted when I was first getting into NFTs—it’s a marketplace dedicated to 1/1 art on Solana,...…

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Payrails raises $6.4m in Seed funding

Germany based operating system for payments raised $6.4m in Seed funding led by Andreessen Horowitz.

“We have created an operating system that at its core will let you build up internal courses, allowing cash-based and other payments from...…

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Kyash raises $41m in Series D funding

Japan based mobile financial app raised $41m in Series D funding led by Japan Post Investment Cor., Block and Greyhound Capital.

“Challenger Bank is a core theme in fintech and unbundling of traditional banking has become an irreversible trend globally. We believe...…

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Zitti raises $4m in Seed funding

L.A. based payment and credit platform for food industry management raised $4m in Seed funding led by Crossbeam Venture Partners.

"Local restaurants are facing tough new challenges from the pandemic, but unreasonable payment terms and outdated purchasing systems have...…

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Wombat Exchange raises $5.25m in Series A funding

Hong Kong based multichain stableswap backed by Binance raised $5.25m in Series A funding co-led by Animoca Brands and Hailstone Ventures.

"Wombat Exchange is a BNB native multichain stableswap focused on re-engineering the stableswap experience with an innovative algorithm...…

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Doxo raises $18.5m in Series C funding

Seattle based bill payment platform raised $18.5m in Series C funding led by Jackson Square Ventures.

"People are shifting to more customer-centered, secure payment methods and billers are looking for ways to improve their payment...…

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Onuu raises $6m in Seed funding

Texas based fintech for users of modest means raised $6m in Seed funding led by Leap Global Partners.

"Far too many Americans are rejected when they apply for financial products because of adverse selection. The goal of Onuu is to bring...…

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Wagely raises $8.3m in Seed funding

Indonesia based earned wage access startup raised $8.3m in Seed funding led by East Ventures.

"We see a massive opportunity for financial technology in Bangladesh that is characterized by similar attractive fundamentals like...…

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Compete raises $15m in Series A funding

Israeli based compensation and benefits benchmarking startup raised $15m in Series A funding led by Tiger Global.

“Talent will make or break companies. As the labor market becomes increasingly hyper-competitive, organizations struggle to adapt their...…

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Treehouse raises $18m in Seed funding

Singapore based on chain data startup focused on DeFi investors raised $18m in Seed funding led by an undisclosed large FinTech investor.

“As the number of DeFi protocols, supported L1s, L2s, and bridges increase over time, Treehouse’s approach of building an in-house...…

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4G Capital raises $18.5m in Series C funding

Kenya based digital lender raised $18.5m in Series C funding from Lightrock.

"We will be building new loan products this year, with longer durations and larger amounts and lend to bigger businesses in the...…

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AcreTrader raises $20m in new funding

Fayetteville based farmland investing platform raised $20m in new funding from Drive Capital.

"AcreTrader also announced the launch of the company’s land brokerage platform AcrePro, which makes it easier for agents, buyers, and...…

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Rutter raises $27m in Series A funding

San Francisco based universal API for e-commerce raised $27m in Series A funding led by Andreessen Horowitz.

“What surprises people is that this is more fragmented than people thought. We offer a diversity of platforms and act as the glue that...…

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Multiplier raises $60m in Series B funding

India based remote work payment startup raised $60m in Series B funding co-led by Tiger Global and Sequoia Capital India.

"Today, founders and businesses are not constrained by borders in their thinking. This has been one of the most fascinating trends in the...…

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Hex Trust raises $88m in Series B funding

Hong Kong based provider of digital asset custody services raised $88m in Series B funding led by Animoca Brands and Liberty City Ventures.

“From a licensing perspective, we are getting a license in Dubai and we’re studying Europe on this and where to go. Operationally, we are...…

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Wasoko raises $125m in Series B funding

Kenya based e-commerce inventory platform raised $125m in Series B funding co-led by Tiger Global and Avemir Growth Capital.

“We realized that to deliver the quality of service these shops deserved, we needed to get more involved. In managing the operations...…

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Aptos raises $200m in new funding

Palo Alto based blockchain startup from some of Meta's old crypto team raised $200m in new funding led by Andreessen Horowitz.

"The Move programming language has been thoroughly battle tested and is a great environment for building safe, production-grade contracts...…

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ConsenSys raises $450m in Series D funding

New York based Ethereum infrastructure startup raised $450m in Series D funding led by ParaFi Capital.

"MetaMask has grown dramatically in the last year—recently hitting 30 million monthly active users—and so has Infura, but they are very...…

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Silent Eight raises $40m in Series B funding

Singapore based compliance platform for financial institutions raised $40m in Series B funding led by TYH Ventures.

"Meanwhile, bad actors continue to be savvy and creative in their endeavors to slip through the net. It is our goal to provide a...…

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TravelX raises $10m in Seed funding

Miami based blockchain distribution protocol for the travel industry raised $10m in Seed funding led by Borderless Capital.

"Friction and inefficiency continue to be pervasive in travel distribution, and the challenges related to the pandemic have increased the...…

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Gauntlet raises $23.8m in Series B funding

New York based startup providing services to DeFi protocols and organizations raised $23.8m in Series B funding led by Ribbit Capital.

"It also runs a 'stress test' to ensure that institutions aren’t taking excessive risks with crypto exposure. Gauntlet has found its...…

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EarnUp raises $31m in Series C funding

San Francisco based fintech serving the mortgage industry raised $31m in Series C funding led by LendingTree and KeyBank.

"With this latest funding round, EarnUp said, it will build on its efforts to reinvent mortgage industry payment and data flows that...…

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Bazaar raises $70m in Series B funding

Pakistan based e-commerce and fintech startup raised $70m in Series B funding led by Dragoneer Investment Group and Tiger Global. 

"Now, our credit product is developed completely in-house and is digitally enabled that connects to our last mile network. Everything...…

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Cowbell Cyber raises $100m in Series B funding

California based cyber insurance startup for SMEs raised $100m in Series B funding led by Anthemis Group. 

"The past two years have seen a rapid increase in cyber incidents, led by ransomware attacks and in general evolving threat landscape due...…

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Encompass raises $33m in new funding

UK based KYC solutions provider raised $33m in new funding led by Perennial Partners.

"Designed to help banks simultaneously create a better customer experience and mitigate compliance risk at scale, we believe Encompass is...…

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Cake Equity raises $2.2m in Seed funding

Australia based equity management platform raised $2.2m in Seed funding led by LAUNCH, TheSyndicate.com, and Rampersand.

"We want to be the catalyst for more startups to get funded, so that they can change the world, while making sure that their teams share...…

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Socotra raises $50m in Series C funding

San Francisco based core platform for insurtech companies raised $50m in Series C funding led by Insight Partners. 

"Socotra is a truly next-generation platform, which allows customers to embrace cloud-native software via APIs and a microservices...…

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Stellar raises $7m in Seed funding

Austin based credit building startup raised $7m in Seed funding led by Acrew Capital and Trust Ventures.

"That’s in large part because traditionally, credit scores are made up of a person’s payment history on loans and credit cards. This...…

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Magic Eden raises $27m in Series A funding

California based Solana NFT marketplace raised $27m in Series A funding led by Paradigm.

"The firm claims to be the largest NFT marketplace on the Solana blockchain having surpassed transaction volume of more than 7.5 million...…

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Facebook Libra: the inside story of how the company’s cryptocurrency dream died

It had the blue-chip partners, the tech, and the right players. None of which could save it - The FT takes a look at how "Diem" died. 

After weeks of deliberation, Yellen had made up her mind: she was out. “Yellen told him it was his decision to make, but that she would...…

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Stilt raises $14m in Series A funding

San Francisco based provider of fintech services for immigrants raised $14m in Series A funding led by Link Ventures.

“We’ve spent five years at Stilt getting state lending licenses, building our credit stack, and refining our risk models,” Mittal. “Now...…

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Propel raises $50m in Series B funding

Brooklyn based food stamps tech company raised $50m in Series B funding led by Nyca Partners.

“The daily experience of poverty in America isn’t represented by charts and economic figures — it is calling the 1–800 number to check...…

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Marlette raises $225m in Series E funding

Delaware based personal loan company raised $225m in Series E funding led by Healthcare of Ontario Pension Plan.

“Marlette is a fintech market leader with a proven track record of growing the business, delivering strong customer service and...…

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FCA orders closure of all UK crypto ATMs

The UK's Financial Authority says that any cryptocurrency ATMs operating in the UK are doing so illegally and that they must be shut down.

In a statement, the FCA says that crypto ATMs must be registered and comply with UK money laundering regulations. But, none of the...…

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Chipper raises $6m in Seed funding

Austin based app for student loan borrowers raised $6m in Seed funding led by Freestyle Capital.

As a first-gen high school and college graduate who experienced the trials of conquering student debt, I wanted to create a simple...…

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Cardlay raises $6m in new funding

Denmark based payments company raised $6m led by undisclosed current investors.

“We must continue to provide integrated payment and reimbursement infrastructure to global partners such as SAP Concur and FIS. At the...…

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Yuno raises $10m in Seed funding

Colombia based payments company raised $10m in seed funding led by Andreessen Horowitz.

“Accepting and optimizing online payments shouldn’t be a pain for companies. We want to build the ultimate solution to help them make...…

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in3 raises $11m in Series A funding

Denmark based buy now, pay later business raised $11.1m in Series A funding round led by Finch Capital.

“Our founding team was part of the early wave of the BNPL movement in the early 2010s; it quickly became a crowded market, so we stood...…

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Milo raised $17m in Series A funding

Miami based provider of a crypto-backed mortgages raised $17m in Series A funding led by M13.

"This round of financing is a validation of Milo's vision to empower global and crypto consumers and the opportunity to bridge the...…

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Lendai raises $13m in Seed funding

Israeli cross-border financing company raised $13m in Seed funding led by Meron Capital and Cardumen Capital.

"Pretty much anyone who touches a US-based real estate operation, and who works for a foreign national, is a Lendai partner."

Lunar raises €70m in Series D funding

Denmark based neobank raised €70m in Series D funding led by Heartland.

“It meant that if we could succeed as a challenger bank in the Nordics, we could succeed anywhere.”

Capchase raises $80m in Series B funding

New York City based recurring-revenue financing company raised $80m in Series B funding led by 01 Advisors.

“Even though we see companies that are still growing, their cost of equity is getting higher. We are seeing more companies that want to...…

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Lendable raises £210m in growth funding

UK based P2P lending platform raised £210m in growth funding led by Ontario Teachers’ Pension Plan.

“Lendable’s seamless, quick and easy to use products, powered by advanced AI, are shaping the future of consumer finance. We’re delighted...…

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Yep! raises $2m in Pre-seed funding

Nigeria based digital banking company raised $2m in Pre-seed funding led by Greenhouse Capital.

“We want to bank the guys in Lagos as well as bank the guys in a village at Ikot Ekpene. And at the same time, not just Nigeria, we are...…

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Noh raises $3m in Seed funding

São Paulo based digital wallet platform raised $3m in Seed funding led by Kindred Ventures.

Noh provides an app that functions as a shared digital wallet, will is scheduled to launch in mid-March. Users will be able to make...…

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BearTax raises $3m in Seed funding

Georgia based cryptocurrency tax company raised a $3.2m seed round led by Ascend VC.

“There will be billions in taxes owed to global governments on cryptocurrency gains for 2021. But crypto tax preparation software as a...…

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Cega raises $4m in Seed funding

San Francisco based DeFi derivatives company raised $4m in seed funding led by Dragonfly Capital Partners.

“When the market moves 10%, as a user that is staking into these products, you’re actually sometimes losing your principal. I wanted to...…

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Atlantic Money raises $5m in Seed funding

London based money transfer company raised $5m in seed funding led by Amplo and Ribbit Capital.

"In other words, there is room for more than just one foreign exchange product. It’s not a one-size-fits-all industry. Customers will end...…

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mmob raises £5m in Seed funding

London based embedded finance startup raised a £5m Seed funding led by undisclosed investors.

“This funding will enable us to further expand our operations in the UK and Malaysia, and establish ourselves as the de facto leader and...…

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KurateDAO raises $7m in Seed funding

New York based "curate to earn" database built on the blockchain raised $7m in Seed funding led by Polychain Capital.

“Truth and utility can be determined in many ways. KurateDAO seeks to create economic incentives for people to come together to curate...…

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CoFi raises $7m in Seed funding

Utah based construction financing startup raised $7m in seed funding from Blackhorn Ventures.

"Paying subcontractors quickly is not standard in the construction industry. We are contractors. We know how important it is to pay...…

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