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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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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."

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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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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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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Key raises C$11m in Seed funding

Toronto based co-ownership proptech company raised C$11m in seed funding led by Luge Capital.

“The lack of accessibility to homeownership is a growing global crisis that needs innovation to solve. The support given, and the amount...…

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Forma raises $40m in Series B funding

California based discretionary benefits management platform raised $40m in Series B funding led by Ribbit Capital.

“We proactively contract and work with program providers, benefits providers, service providers, and we embed these solutions into the...…

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Kolleno raises £4m in Seed funding

London based accounts receivable management for SMEs raised £4m in seed funding led by Eurazeo and Stride.VC.

“Previously, businesses had to hire credit control specialists or give extra tasks to existing members of their team to manually monitor...…

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Kado raises $5m in Seed funding

New York based stablecoin payment infrastructure provider raised $5m in Seed funding led by Hashed.

“Ultimately, in our first six months, we launched Kado Pay, the ability to spend your stablecoins on Amazon, not natively on it, but...…

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Hopscotch raises $6m in Seed funding

New York based community-oriented B2B payments platform raised a $6m Seed funding led by Shine Capital and Stellation Capita.

"With the launch of its private beta, Hopscotch has opened its doors to waitlist customers. Beginning in Q2, businesses that have been...…

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Disco raises $20m in Series A funding

California based post-purchase cross-promotional network raised $20m in Series A funding led by Felicis Ventures.

"Unlike centralized marketplaces where merchants have limited visibility into their customers, we are building a future where independent...…

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Currencies Direct raises £140m in growth funding

UK based foreign exchange and payment services company raised £140m in growth funding led by Blackstone Tactical Opportunities.

“We are delighted to invest in Currencies Direct, a leader in FX payments with an impressive track record of strong, continuous growth...…

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Social Good Foundation raises $14m in Series A funding

Japan based cryptocurrency rewards program for shopping raised $14m in Series A funding led by Miyako Capital.

“Most people in the world do not have the means to gain assets; they keep just losing money from their daily expenses. I wanted to create...…

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Zeta raises $30m in growth funding

India based banking and credit card company raised $30m in growth funding led by Mastercard.

“Mastercard and Zeta are together targeting issuance of cards that will lead to $60 billion in purchase volume over the next five years.”

Espresso Systems raises $32m in Series B funding

California based privacy focused blockchain company raised a $32m in Series B funding led by Greylock Partners and Electric Capital.

“We’re working on a way of integrating the roll-up carefully with consensus so that we still achieve higher throughput and thus lower...…

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AutoFi raises $85m in new funding

San Francisco based auto financing company raised $85m in new funding led by Santander Holdings USA.

"AutoFi is leading the digital evolution of car buying by combining innovation in automotive finance and retailing.”

CredAvenue raises $137m in Series B funding

India based business credit marketplace raised $137m in Series B funding led by Insight Partners, B Capital Group, and Dragoneer.

“If you’re an enterprise and prefer direct finance, you can come to our loan stack, bond stack and ABS stack. If you have an indirect...…

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Rarify raises $10m in Series A funding

New York based API for adding NFTs raised $10m in Series A funding led by Pantera Capital.

“Rarify removes the biggest hurdles companies face when introducing NFTs to their existing products.”

SteadyPay raises $5m in Series A funding

London based income volatility management startup for gig workers and freelancers raised $5m in Series A funding led by Digital Horizon.

"Decades of traditional underwriting and a heavy reliance on FICO credit scores have been holding back a lot of innovation in the space....…

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Fieldguide raises $17m in Series A funding

San Francisco based automation and collaboration platform for audit and advisory firms raised $17m in Series A funding led by 8VC.

"Fieldguide's practitioner-centric approach enables our Withum team to focus on what matters most–providing clients with tailored advice...…

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Nested raises $7.5m in Series A funding

Paris based DeFi social trading platform raised $7.5m in Series A funding led by Alan Howard.

"The vision of Nested is to hybridise traditional finance, decentralised finance, NFTs, and cryptocurrencies to forge a financial product...…

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Atomic raises $40m in Series B funding

Salt Lake City based provider of payroll APIs raised $40m in Series B funding led by Mercato Partners and Greylock.

"Atomic operates under the premise that digitizing payroll connectivity turns an inefficient cumbersome process like applying for a...…

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Thetanuts Finance raises $18m in Seed funding

US based crypto derivatives platform raised $18m in Seed funding led by Three Arrows Capital, Deribit, QCP Capital and Jump Crypto.

“Thetanuts provides a nimble solution to allow teams to participate quickly and scale for their communities.”

Emtech raises $4m in Seed funding

Africa based central bank digital infrastructure provider raised $4m in Seed funding led by Noemis Venture and Octerra Capital. 

“When we look at the future, we see every central bank requiring a digital regulatory sandbox, which allows them to continue to be...…

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FreeWill raises $30m in Series B funding

New York based estate planning and charitable giving startup raised $30m in Series B funding led by Bain Capital Double Impact.

"We founded FreeWill with a goal of raising more than $1 trillion for nonprofits. We saw that nonprofit technology and particularly...…

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Plum Life raises $5.3m in Seed funding

New Jersey based digital life insurance sales platform raised $5.3m in Seed funding led by ManchesterStory.

“By offering Agents a simplified digital selling experience, we’re making it easy for them to sell life insurance and transact with their...…

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VALR raises $50m in Series B funding

South Africa based crypto exchange raised $50m in Series B funding led by Pantera Capital. 

"There is no longer any room for doubt regarding the impact crypto assets are having on our global financial system. We already help...…

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Tenderly raises $40m in Series B funding

Serbia based blockchain infrastructure startup raised $40m in Series B funding led by Spark Capital.

"Now we’re taking care of developers at every stage of development — from developing the smart contracts, testing them pre-production,...…

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M-KOPA raises $75m in Growth Equity funding

Kenya based asset financing platform raised $75m in growth equity funding co-led by Generation Investment Management and Broadscale Group.

“With M-KOPA’s model, everybody is welcome. There’s no upfront scoring; if you can pay the upfront deposit, that’s all we require. And...…

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AgriAku raises $6m in Seed funding

Indonesia based agritech startup raised $6m in Seed funding led by Go-Ventures. 

"AgriAku’s marketplace launched in May 2021 and the company says it has seen average month-on-month growth of 200% in gross merchandise...…

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Inworld AI raises $10m in Seed funding

California based platform for creating "AI-powered" virtual world characters raised $10m in Seed funding led by Bitkraft Ventures.

"The company’s powerful AI capabilities enable brands and developers to create virtual human agents with unique behaviors and awareness...…

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OwnIt raises $8m in Seed funding

San Francisco based checkout startup raised $8m in Seed funding led by Caffeinated Capital and SciFi VC.

"Ownit is like the 'Plaid of e-commerce;' what it is doing is a “heavy tech lift,” involving connecting people, merchants and payment...…

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Shares raises $40m in Series A funding

London based social investing app Shares raised $40m in Series A funding led by Valar Ventures.

"In addition to stock trading, Shares users can discuss investments with friends and family members. Users can create discussion groups...…

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Apollo raises $110m in Series C funding

San Francisco based sales intelligence platform raised $110m in Series C funding led by Sequoia Capital. 

“Apollo simplifies the convoluted and manual processes of sales prospecting—ultimately, making smart, data-driven GTM simple and...…

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Nayya raises $55m in Series C funding

New York based digital health company raised $55m in Series C funding led by ICONIQ Growth. 

“Investing in the future of benefits is extremely important, especially as the healthcare landscape and expectations of consumers are...…

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Nosso raises $2.8m in Seed funding

United Kingdom based family finance startup raised $2.8m in Seed funding led by Octopus Ventures and Anthemis.

“The main hurdle for many parents to effectively save for their children’s future is a lack of awareness about what they can do and a...…

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Payhawk raises $100m in Series B funding

Bulgaria based spend management platform raised $100m in Series B funding led by Lightspeed Venture Partners.

"Payhawk is more than just spend management software. It’s a one-stop-shop for finance teams to consolidate the previously disparate...…

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