News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Praso raises $9.3m in Series A funding

Brazil based food purchasing platform for small retailers raised $9.3m in Series A funding led by Valor Capital Group and NFX.

“We saw, over the last 10 to 12 years, quick digitization of the consumer space when it comes to e-commerce, but business-to-business was...…

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Ivy raises $20m in Series A funding

Berlin based open banking startup raised $20m in Series A funding led by Valar Ventures.

“Interoperability is key from the consumer perspective. We believe that 10 years from now there will be a single point of contact in open...…

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Hyperproof raises $40m in growth funding

Washington based software as a service risk and compliance management company raised $40m in growth funding led by Riverwood Capital.

“Organizations are concluding that their compliance work can be leveraged more broadly to understand and address the risk profiles of...…

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Mediafly raises $80m in growth funding

Chicago based revenue enablement company raised $80m in growth funding led by BIP Ventures.

"Mediafly's platform allows business leaders to consolidate their enablement tools by uniting content management, digital sales rooms,...…

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FirstMate raises $3.8m in Seed funding

NY based platform that lets NFT creators build digital storefronts raised $3.8m in seed funding led by Dragonfly Capital.

“creators, artists, and platforms today are beholden to one-size-fits-all marketplaces that fail to create, sustain, or grow the direct...…

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Markato raises $5m in Seed funding

Hong Kong based cross border marketplace for independent brands raised $5m in seed funding led by Lightspeed Venture Partners.

“We’re excited to partner with Brian and Martin as they build Markato. Their vision to serve independent businesses in Asia and enable...…

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MFast raises $6m in Series A funding

Vietnamese based financial services distribution network raised $6m in Series A funding led by Wavemaker Partners.

“With its strong agent base and initial focus on financial products, MFast has achieved impressive results. Wavemaker is proud to...…

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U.S. tackles crypto tax mess

The Treasury Department proposed new rules last week with twin goals: making it harder for crypto investors to dodge income taxes when...

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Pi-xcels raises $1.7m in Seed funding

Singapore based digital receipt solution raised $1.7m in Seed funding led by Wavemaker Partners.

"Pi-xcels is shaping the future of retail with paperless receipts and data-centric shopper journeys. We are among the few use cases of...…

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Translucent raises £5m in Seed funding

London based accounting platform for multi-entity businesses raised £5m in Seed funding led by Chalfen Ventures and LocalGlobe. 

“Since announcing Translucent in March we have been delighted by the volume of interest we have received. This fundraising allows us to...…

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Nomad raises $61m in Series B funding

Brazil based fintech that enables Brazilians to open bank accounts in the U.S. raised $61m in Series B funding led by Tiger Global. 

“Brazilians are learning the importance of having part of their assets invested in strong currency."

Ramp raises $300m in Series D funding

New York based corporate finance automation startup raised $300m in Series D funding led by Sands Capital and Thrive Capital. 

"As of early August, more than 15,000 businesses used Ramp, compared to 5,000 in March of 2022."

Grip Security raises $41m in Series B funding

Tel Aviv based SaaS identity risk management provider raised $41m in Series B funding led by Third Point Ventures.

"This year we have already reached revenues of millions of dollars, and next year they will be in the tens of millions of dollars."

Goodwings raises $1.5m in new funding

Copenhagen based green travel management fintech raised $1.5m in new funding led by Global Cleantech Capital and JTB USA.

“There’s a seismic shift taking place across the travel sector. With sustainability now dominating the corporate agenda, it will be...…

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Micronotes raises $2m in new funding

Boston based business intelligence platform for financial institutions raised $2m in new funding led by BankTech Ventures.

"Founded by tech entrepreneurs from MIT, Micronotes.ai delivers cloud-based big data, analytics, and digital engagement solutions to...…

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Novig raises $6.4m in Seed funding

New York based commission free sports betting exchange raised $6.4m in Seed funding led by Lux Capital.

"At Novig, we’re building the first high-frequency, commission-free sports betting exchange. We eliminate the need for traditional...…

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Anyfin launches Credit Overview

For the first time, the credit overview offers app users a complete picture of all their loans, from installment purchases to overdraft...

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Ghost raises $30m in Series B funding

Los Angeles based B2B marketplace for surplus inventory raised $30m in Series B funding led by Cathay Innovation.

"The members-only B2B marketplace enables brand sellers to discreetly and efficiently monetize their surplus inventory to vetted buyers....…

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Zanifu raises $11.2m in Seed funding

Kenya based provider of inventory financing solutions raised $11.2m in Seed funding led by Beyond Capital Ventures and Variant Investments.

“We have decided to go deep in Kenya. We are focusing on serving more micro-SMEs and also getting more distributors into our fold, and...…

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The Demex Group raises $5m in new funding

DC based reinsurance and secondaries solution raised $5m in new funding led by Blue Bear Capital.

“Severe convective storms (SCS) induce losses in the midwestern states surpassing even the hurricane-inflicted damages in coastal...…

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Communion raises £2.5m in Preseed funding

London based savings app raised £2.5m in Preseed funding led by Revolut and Target Global.

“The difference between doing the thing you’ve always wanted to do, and never having the chance isn’t hustling, get-rich-quick-schemes or...…

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Teamshares raises $124m in Series D funding

New York based company that buys profitable small businesses raised $124m in Series D funding led by QED Investors. 

"Transitioning stock ownership from a single business owner into the hands of employees matches the shifting preferences of society....…

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Vegapay raises $1m in pre-Seed funding

India based digital lending and card management platform raised $1m in pre-seed funding led by Eximius Ventures.

“As per an RBI report, 65% of the credit card penetration is present in tier I cities. However, the penetration in Tier II and III cities...…

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CityPay.io raises €2m in Seed funding

Georgia based B2B cryptocurrency payments firm raised €2m in Seed funding led by Tether. 

"Over the last two years, CityPay.io has been developing the crypto market as a whole, in Georgia and beyond. In this time, we have...…

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Dinari raises $7.5m in Seed funding

San Francisco based real-world asset tokenization platform raised $7.5m in Seed funding from SPEILLLP.

“Our transparency page is accessible for anyone to view, and we also provide a live feed of our brokerage accounts so that our users can...…

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Caden raises $15m in Series A funding

New York based data control and monetization app raised $15m in Series A funding led by Nava Ventures.

“For 25 years, users have ‘exchanged’ their personal data for ‘free access’ to services, apps and websites, resulting in companies...…

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DynamoFL raises $15m in Series A funding

San Francisco based privacy and compliance-focused generative AI business raised $15m in Series A funding led by Canapi Ventures.

"We deploy our suite of privacy-preserving training and testing offerings to directly address and document compliance requirements to...…

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ZetaChain raises $27m in new funding

California based Layer 1 blockchain operator raised $27m in new funding led by Blockchain.com.

“ZetaChain’s purpose is to simplify managing assets and data across multiple blockchains, which remains a complicated and fragmented...…

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BitGo raises $100m in Series C funding

California based crypto custody company raised $100 million in Series C funding led by undisclosed investors.

The funds will be utilized to “make strategic acquisitions and expand its secure and regulated custody, wallet, and infrastructure...…

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SureIn raises €4m in Seed funding

Germany based insurtech for SMEs raised €4m in Seed funding led by xDeck.

“Our experience in the market shows no SMB entrepreneur really knows their risks and which insurance they need. When they come to us, we...…

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ClassWallet raises $95m in growth funding

Miami based digital wallet reimbursement platform for public funds raised $95m in growth funding led by Guidepost Growth Equity.

“Governors and policy makers fund programs based upon perception of demand yet find themselves months or even years later with unspent...…

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Xverse raises $5m in Seed funding

Hong Kong based blockchain wallet raised $5m in Seed funding led by Jump Crypto.

“This seed funding sends a strong signal for Bitcoin, the most decentralized and secure settlement layer. This funding will enable us to...…

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Helio Protocol raises $10m in new funding

Decentralized DeFi lending and stablecoin project raised $10m in new funding led by Binance Labs.

“We have seen tremendous potential in the LSDfi sector, which plays a crucial role in driving the overall growth of the DeFi ecosystem.”

Persefoni raises $50m in Series C funding

Arizona based climate management and accounting platform raised $50m in Series C funding led by TPG Rise.

"AI requires years of research and a hell of a lot of data. In the last year we amassed enough data."

Sam Altman’s eyeball-scanning crypto project Worldcoin is having an identity crisis

Is it a crypto company? A biometric authentication platform? A “human economic system”? Inside Worldcoin’s struggle to find itself.

Tools For Humanity didn’t answer specific questions about the exploit, but legal chief Thomas Scott said in a statement that the company...…

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Persefoni raises $50m in Series C1 funding

Arizona based climate management and accounting platform raised $50m in Series C1 funding led by TPG Rise.

Kentaro Kawamori, CEO and co-founder of Persefoni, said: “Carbon and climate disclosures will be the biggest compliance market since the...…

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Veza raises $15m in Series C funding

Palo Alto based identity management platform raised $15m in Series C funding led by Capital One Ventures and ServiceNow. 

“Veza was not looking to actively raise capital,” Thakur said. “The new investors were attracted to Veza because of the unique security...…

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Parcha raises $5m in Seed funding

San Francisco based AI compliance platform for financial institutions raised $5m in Seed funding led by Kindred Ventures.

“At Brex, we're excited to partner with Parcha to not only unlock the massive improvements that AI brings to the customer experience, but...…

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Rightfoot raises $15m in Series A funding

San Francisco based consumer-permissioned data connectivity startup raised $15m in Series A funding led by Blue Lion Global.

With our latest product — Connect Magic — and a new round of funding, our team will tackle the biggest unmet need in the market —...…

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Moove raises $76m in growth funding

Amsterdam based vehicle financing startup for gig workers raised $76m in growth funding led by Mubadala.

“We are excited to be partnering with Mubadala and BlackRock to double down on our already profitable markets including the UAE, India,...…

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Endowus raises $35m in new funding

Singapore based wealth management startup raised $35m in new funding led by Citi Ventures.

“The opportunity for wealthtech players continues to be outsized,” said Co-Founder Samuel Rhee.

Credgenics raises $50m in Series B funding

India based debt collection startup raised $50m in Series B funding led by Westbridge Capital.

“With these resources, we can extend our innovative debt recovery solutions to new markets, empowering individuals and businesses...…

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Cube3.ai raises $8.2m in Seed funding

Los Angeles based web3 transaction security startup raised $8.2m in Seed funding led by Blockchange Ventures.

“On behalf of our clients, we equip decentralized applications and smart contracts to identify exploits, and then to decline exploits as...…

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Micro Connect raises $458m in Series C funding

Hong Kong based capital raising platform for small businesses raised $458m in Series C funding led by Baillie Gifford.

“MCEX [Micro Connect’s exchange platform] is a new market, and we expect to see more ecosystem partners to join us, pool their wisdom and...…

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Chargeflow raises $11m in Seed funding

Israel based chargeback recovery startup raised $11m in Seed funding led by OpenView Venture Partners.

“Chargeflow automates and eliminates the need for manual chargeback dispute and reduces that labor cost to zero," said Co-Founder Ariel...…

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40Seas raises $6m in Seed funding

Tel Aviv based cross-border trade finance startup raised $6m in Seed funding led by Eminence Ventures.

"This round extension will provide us with a significant financial runway to execute a robust growth strategy in 2023 and beyond,” said...…

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IVIX raises $12.5m in Series A funding

New York based tax compliance platform for tax authorities raised $12.5m in Series A funding led by Insight Partners.

"The platform has already proven its effectiveness in reducing crime and recovering laundered capital, amounting to at least hundreds of...…

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What is a CBDC and why do central banks want them?

While many countries including the U.S. haven’t decided if they want to introduce a central bank digital currency, some are acting faster.

"CBDCs, like cash, would be a direct liability of the central bank, carrying its guarantee presumably for at least as long as the country...…

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Lula raises $35.5m in Series B funding

Miami based provider of insurance infrastructure raises $35.5m in Series B funding led by NextView Ventures.

"Lula has a great shot at being a software technology provider to businesses as the consumers of insurance,” said Lee Hower of NextView...…

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The new banking as a service reality

Rather than facilitating a shift in banking, BaaS companies find themselves as M&A targets of established banks and service providers.

"A couple of years ago, when there was a lot of investment in the space, there were a lot of use cases that, from a business model...…

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The pandemic small-business boom is fueling the US economy

More than 5 million new business applications were filed in 2022, a 42% increase from pre-pandemic levels. 

“People want freedom,” says Karen Jenkins, a consultant in South Carolina. “They want to take ownership of their lives and are willing to...…

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Knot API raises $10m in Series A funding

New York based provider of card-on-file management tools raised $10m in Series A funding led by Nava Ventures.

CEO Rory O'Reilly said, "We're grateful for the chance to further our mission of building a financially interconnected future, and we're...…

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Petal raises $20m in new funding

New York based consumer credit card startup raised $20m in new funding led by existing investors. 

"These new sources of capital provide Petal with substantial fuel to expand the Petal credit card program."

Peloton Technologies raises $1.5m in new funding

British Columbia based provider of payments software raised $1.5m in new funding led by the Pacific Economic Development Agency of Canada.

"Demonstrating success allowed us to triple our original ask and further accelerate our objective of providing affordable digital...…

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Mthmr raises $1.6m in Seed funding

Saudi Arabia based personal expense management company raised $1.6m in Seed funding led by Wa'ed Ventures.

"We take immense pride in aligning Mthmr with the Kingdom’s Vision 2030 as we continue to promote financial literacy and simplify...…

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Emtech raises $4m in Seed funding

New York based provider of central banking infrastructure in Africa raised $4m in Seed funding led by Matrix Partners India.

“Our point of view has been consistent: enabling central banks to deploy their CBDC as a digital cash infrastructure safely," said...…

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Orbital raises £5m in new funding

London based traditional finance and crypto payments platform raised £5m in new funding led by Golden Record Ventures.

"Orbital provides a range of traditional payment and global FX solutions, but where it deviates from the norm is that it also offers...…

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Functional Finance raises $8m in Seed funding

San Francisco based provider of data and reporting automation software for insurance companies raised $8m in Seed funding led by NEA.

"Spreadsheets and emails are terribly inefficient, error-prone, and costly ways for the insurance industry to manage their payables and...…

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Pockit raises $10m in new funding

London based provider of financial services to underserved communities raised $10m in new funding led by Puma Private Equity. 

“After moving to London for university, I discovered that financial exclusion is an entrenched global problem, and decided to create a...…

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Recapping ETHCC 2023

Earlier this month, over 5,000 crypto-enthusiasts gathered at the largest annual Ethereum conference in Europe: ETHCC, for the...

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Micro Connect raises $458m in Series C funding

Hong Kong based microfinance platform raised $458m in Series C funding.

"The new capital will support the enhancement of the Financial Assets Exchange market structure and develop the world’s largest financial...…

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Converge Insurance raises $15m in Series A funding

New York based cyber risk management and underwriting company raised $15m in Series A funding led by Forgepoint Capital. 

“What they have been building is truly world-class and will change the game for an industry in dire need of modernization," said...…

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Nium raises an undisclosed amount in new funding

Singapore based cross-border payments firm raised an undisclosed amount in new funding led by Bond.

"Nium has emerged as the new global business standard for real-time, cross-border money movement," said Prajit Nanu, Founder and CEO.

MasterExchange raises $2.7m in new funding

Stockholm based music investment marketplace raised $2.7m in new funding led by Vectr Ventures.

“For the creators, MasterExchange offers the opportunity to sell a part of future revenues, giving them more possibilities to fuel...…

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RupeeRedee raises $3.5m in new funding

India based provider of personal loans for underserved segments raised $3.5m in new funding led by Digital Finance International.

"The primary objective of utilizing this influx of capital is to expand and enhance RupeeRedees operations and develop product offerings."

Traction raises $6m in Seed funding

Nigeria based provider of POS solutions for small merchants raised $6m in Seed funding led by Ventures Platform.

“From day one, our entire system and design was tailored for merchants,” said co-CEO, Mayowa Alli.

Tradeshift raises $35m in strategic funding

Copenhagen based B2B payments and AP automation company raised $35m in strategic funding led by HSBC.

“We are very excited to partner with Tradeshift to help businesses and their suppliers trade more smoothly using world-class technology,”...…

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Finda raises $37m in Series C funding

South Korea based loan comparison platform raised $37m in Series C funding led by JB Financial Group.

"With this new infusion of funds, Finda plans to expand its platform further, introducing new products such as mortgage loan repayment,...…

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