News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Indemn raises $1.9m in Preseed funding

New York based insurtech product configuration and underwriting platform raised $1.9m in Preseed funding led by Markd.

"Creating a better way for people to interact with insurance has been a long time coming and we couldn't be more excited to continue...…

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Leal raises $5m in Series A funding

Bogota based cashback and rewards product maker raised $5m in Series A funding led by Leap Global Partners and Rakuten Capital.

“We’ve been developing a lot of gamification, so we can service our consumers in different ways. There’s an engagement path and smarter...…

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Mesh raises $6.5m in new funding

SF based embedded finance solution for digital asset transfers and account aggregation raised $6.5m in new funding led by PayPal Ventures.

"You can think of Mesh as the crypto version of Plaid, the service you’ve likely used that lets you connect your bank account to apps and...…

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Compa raises $10m in Series A funding

California based compensation market data provider raised $10m in Series A funding led by Storm Ventures.

“Today, compensation is based on backward-looking survey data, which leads to inconsistency, bias and bad decision-making. Compa...…

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Portal raises $34m in Seed funding

SF based decentralized exchange for trading Bitcoin raised $34m in Seed funding led by Coinbase Ventures. 

"As a staking and swapping layer, interoperability layer and execution layer, Portal’s infrastructure will enable any user to swap...…

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Wisedocs raises $9.5m in Series A funding

Toronto based document processing platform for insurance claims raised $9.5m in Series A funding led by Information Venture Partners. 

"It takes a lot of back-office power and a lot of manual labor to navigate through the claims process. If we can automate that, we can...…

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Traidy raises $2m in Preseed funding

Dubai based AI-based stock trading insights startup raised $2m in Preseed funding led by Three Sigma Ventures.

"During the pandemic, we witnessed a significant shift in the stock market landscape, primarily fueled by the rise of social platforms...…

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Marstone raises $8m in Series B funding

New York based investment and wealth planning firm raised $8m in Series B funding led by Mendon Venture Partners and South Rose Capital.

“Banks today are looking for ways to protect margins and deposits. For many, digital investing and wealth planning are the most strategic...…

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Axiom raises $20m in Series A funding

New York based smart contract infrastructure startup raised $20m in Series A funding led by Paradigm and Standard Crypto.

"On-chain applications have adapted to the exorbitant cost of data by removing features or carefully crafting contracts to optimize data...…

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Integral raises $30m in new funding

California based forex trading startup raised $30m in new funding led by Vistara Growth.

“We have seen across global markets that banks and financial institutions have continued to rapidly replace many of their legacy...…

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Naq raises €3m in Seed funding

Netherlands based automated compliance platform raised €3m in Seed funding led by No Such Ventures.

"Nearly 50 percent of healthcare solutions fail to make it to market due to the complex regulatory and compliance challenges they face."

Clerk raised $30m in Series B funding

San Francsico based user authentication platform raised $30m in Series B funding led by CRV.

“Authorization has always been part of our product vision, but we needed a successful authentication product to build atop.”

Vivifi India Finance raises $75m in Series B funding

India based credit decisioning and loan management company raised $75m in Series B funding led by undisclosed investors.

With a focus on expanding operations, and leveraging in-house capabilities, Vivifi aims to expand its workforce to over 2000 employees in...…

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Lative raises $3m in Seed funding

Ireland based provider of B2B sales performance and planning software raised $3m in Seed funding led by Elkstone Ventures.

“Lative connects top-down revenue plans to bottom-up performance and costs in real time so that you can focus on making the right...…

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Upswing Financial Technologies raises $4.2m in Series A funding

India based financial services platform raised $4.2 million in Series A funding led by Quona Capital.

“This funding marks a pivotal moment towards our aim to become an ecosystem player providing consumer-centric solutions as well as the...…

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Digital Onboarding raises $58m in growth funding

Boston based customer engagement platform for banks and credit unions raised $58m in growth funding led by Volition Capital.

“With this funding, we also have an opportunity to accelerate our product roadmap and have 140 very happy customers who would buy more...…

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Vertice raises $25m in Series B funding

London based spend management startup raised $25m in Series B funding led by 83North and Bessemer Venture Partners.

“And the reason it’s a problem that’s very visible for companies is they’re spending a lot of money in this area. I don’t think there’s...…

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Solana Mobile opens preorders for new smartphone

Solana Mobile, the creators of the Saga smartphone, is set to launch a new device at a more affordable price point.

"Within a week of its launch, the Saga sold out completely, signaling a significant shift in the market's perception of the product."

Panacea Financial raises $24.5m in Series B funding

Virginia based doctor-focused, full service financial services company raised $24.5m in Series B funding led by Valar Ventures.

"Doctors are the key decision-makers in healthcare, directing more than 70% of the $4.5t in total US healthcare spend in 2022."

Bitfinity raises $7m in new funding

UK based blockchain project developing a Bitcoin Layer 2 network raised $7m in new funding led by Polychain Capital and ParaFi Capital.

“As the demand to integrate Bitcoin increases, we believe Bitfinity’s EVM opens up the Bitcoin ecosystem to novel use cases and...…

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Pontem raises $6m in Seed funding

Singapore based web3 product development studio raised $6m in Seed funding led by Lightspeed Venture Partners and Pantera Capital.

"We aim to deploy this influx of capital to increase usage of Move beyond Aptos and Sui, empowering dapp teams with a programming...…

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Bitcoin X hack an ‘embarrassment’ for cyber security-conscious SEC

Regulator faces calls from lawmakers to explain how its account became ‘compromised’ in market-moving mishap.

In a post late on Tuesday, X, formerly known as Twitter, said the “compromise” was caused by an “unidentified individual obtaining...…

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PortX and Plaid partner to fast-track data access for financial institutions

PortX announced a strategic partnership with Plaid to expand capabilities for connecting data between applications and bank accounts.

"Together we are enhancing the digital infrastructure and optionality for financial institutions and their customers.”

RentRedi Expands Integration with Plaid

RentRedi has expanded its integration with Plaid, to offer advanced capabilities to its tenant screening feature.

"Rentredi is leveraging Plaid to provide landlords with the ability to seamlessly verify the income of prospective renters."

STFX listed on WOO X exchange

STFX was listed on the WOO X exchange spot market, and is now available to trade in select regions.

"STFX has arrived on the WOO X spot market."

Karma Wallet raises $2m in Seed funding

North Carolina based environmental finance company raised $2m in Seed funding led by Tweener Fund.

“Through the Karma Wallet Card, we’re turning everyday transactions into opportunities for profound action.”

Rivero raises $7m in Series A funding

Switzerland based digital payments company raised $7m in Series A funding led by 6 Degrees Capital and Inference Partners.

"We take this as confirmation of our strong business model and clear market demand for our products.”

Dispatch raises $8m in Seed funding

Miami based RIA software startup raised $8m in Seed funding led by F-Prime Capital.

"Dispatch eliminates the need to re-enter and maintain data across applications."

Hyperexponential raises $73m in Series B funding

London based insurance tech startup raised $73m in Series B funding led by Battery Ventures.

"Companies will pay a lot of money if you can solve their problems, make them more efficient, and improve their top lines."

Rainbow raises $12m in Seed funding

San Francisco based small business insurance technology company raised $12m in Seed funding led by Caffeinated Capital and Altai Ventures.

"Coming out of the pandemic, we saw a gap in the process of other underwriting companies and carriers focused on small commercial, and...…

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DigitalOwl raises $12m in Series A funding

New York based medical insurance technology company raised $12m in Series A funding led by Reinsurance Group of America.

"We aim to drive the necessary digital transformation in the industry."

Umoja raises $2m in pre Seed funding

Atlanta based digital asset hedging company raised $2m in pre Seed funding from investors including Quantstamp and Blockchain Founders Fund.

"The company intends to use the funds to continue to expand its development efforts."

NoahArk Tech Group raises $2.4m in pre Seed funding

New York based decentralized trading company raised $2.4m in pre Seed funding led by EOS Network Ventures.

"Our strategic vision is to support the creation of more interconnected and user-friendly DeFi services."

Grip Invest raises $10m in Series B funding

Delhi based fixed-income insurtech company raised $10m in Series B funding led by Stride Ventures.

"Grip Invest will use the funds to scale operations and expand product distribution."

Finoa raises $15m in Series B funding

Germany based crypto custodian company raised $15m in Series B funding led by Balderton Capital.

"Fiona chose a smaller strategic round for expansion rather than a larger Series B round because of the difficult market conditions."

Bracket Labs raises $2m in pre Seed funding

Panama based volatility trading company raised $2m in pre Seed funding led by Binance Labs.

"We created a new and exciting trading platform that abstracted away all of the complexities of derivatives."

Saros Finance raises $3.75m in new funding

British Virgin Island based payments and digital asset company raised $3.75m in new funding led by Solana Ventures.

"We are committed to reshaping the decentralized finance landscape and revolutionizing how users interact with digital assets.”

Unbox raises €12m in Series A funding

Belgian based value exchange company raised €12m in Series A funding led by HSBC Asset Management.

"Money is a wonderful invention, but in its current form, it is outdated."

Zilo raises £25m in Series A funding

UK based asset and wealth management startup raised £25m in Series A funding led by Fidelity International Strategic Ventures and Portage.

“We are focusing on empowering financial service institutions to remove outdated legacy technologies."

Maalexi raises $3m in Series A funding

United Arab Emirates based cross-border trade company raised $3m in Series A funding led by Global Ventures.

"We look forward to 2024, and our regional expansion, with great confidence.”

Hi.health raises €6m in Seed funding

Vienna based health insurance technology company raised €6m in Seed funding led by SpeedInvest.

"The fresh capital now gives us the opportunity to further expand our great team."

Conta Simples raises $41.5m in Series B funding

Brazil based expense management company raised $41.5m in Series B funding led by Base10Partners.

“Over the past year, we grew in terms of revenue, almost 3x year over year."

Cleva raises $1.5m in pre Seed funding

Nigeria based banking company raised $1.5m in pre Seed funding led by 1984 Ventures

"The impressive early growth is a testament to the team’s unique capacity to execute across Africa and the U.S.”

Patchworks raises £2m in Series A funding

London based e-commerce interaction company raised £2m in Series A funding led by Gresham House Ventures.

"This latest investment positions Patchworks for even stronger growth in 2024."

CapIntel CEO James Rockwood and The Frontier of Finance podcast

The latest episode wraps up the year by exploring the business of women and wealth with Ingrid Macintosh and TD Asset Management.

"In this episode, Macintosh shares eye-opening stats on the reality women investors face and tangible changes the industry should make to...…

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Komunal raises $5.5m in new funding

Indonesia based peer-to-peer lending platform raised $5.5m in new funding led by East Ventures.

"The company offers two financial services — DepositoBPR, which enables users to make deposits digitally with hundreds of rural banks...…

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Solva raises $20m in Seed funding

Kazakhstan based SME working capital provider raised $20m in Seed funding led by Orascom and Zhang Capital Partners.

"The capital injection will enable Solva to shift from being a non-bank financial intermediary (NBFI) to a fully licenced SME-focused bank."

Crew raises $2.5m in pre Seed funding

Utah based family-focused banking company raised $2.5m in pre Seed funding led by Kickstart Seed Fund.

"Every time I use a banking app, it’s painfully clear it was not designed for me or my family. It’s difficult to accomplish even simple...…

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Revfin raises $14m in Series B funding

India based electric vehicle lending company raised $14m in Series B funding led by Omidyar Network.

"The company, which partners with local manufacturers, has already provided loans for over 34k EVs and aims to finance 2m more in the...…

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Escrowpay raises $6m in Series A funding

India based digital escrow services company raised $6m in Series A funding led by Tano India Opportunities Fund.

"With rapid growth in the last two years, Escrowpay is also looking to integrate with five major banks in the UAE next year."

Fimple raises $5.5m in new funding

London based core banking solutions company raised $5.5m in new funding led by Apy Ventures.

"Fimple has set ambitious short-term goals, including global expansion, particularly targeting European, Balkan, Gulf, and African...…

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Tameed raises $15m in Series A funding

Saudi based crowdfunding platform raised $15m in Series A funding led by Al-Rumaih Group.

"SME financing sector that has projects and purchase orders has a wide space for growth, renewal and development, so we launched the...…

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Addressable raises $6.0m in new funding

Tel Aviv based web3 marketing and data analytics company raised $6.0m in new funding led by Bitkraft Ventures.

"Web3 technology is an integral part of a growing number of digital businesses in many fields. As more mobile apps, games, financial...…

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Backer raises $9.5m in Series A funding

San Francisco based consumer savings company raised $9.5m in Series A funding led by WndrCo.

"Backer’s consumer savings app has aided over 200k parents and children in saving an estimated $250m for education purposes."

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