News by FinTech Collective

News by FinTech Collective

News by FinTech Collective Archive

Texas Sues G.M. Over Collection and Selling of Driver Data

The lawsuit accuses the automaker of tricking drivers into sharing detailed driving records that were then sold to insurance companies.

Texas’ complaint against General Motors and its OnStar subsidiary says that beginning in 2015, the automaker sold its customers’ driving...…

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Just four companies are hoarding tens of billions of dollars worth of Nvidia GPU chips

Which companies have all the Nvidia chips? Each Nvidia H100 can cost up to $40,000, and one big tech company has 350,000 of them!

Of course, the list of companies seeking such powerful chips for AI training is long, and likely includes most large technology companies...…

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Quai raises $5m in new funding

Texas based Layer-1 crypto network raised $5m in new funding led by Cogitent Ventures and MH Ventures.

"By enabling seamless, trustless interactions across multiple chains and supporting fast, low-cost transactions, Quai addresses the pain...…

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Bridge raises $58m in growth funding

San Antonio based money movement startup raised $58m in growth funding led by Sequoia Capital and Ribbit Capital.

Orchestration provides simple APIs to easily convert between any two dollar formats (USD/EUR, USDC, PYUSD, USDT, etc.). Issuance gives...…

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Peregrine Exploration raises $3.6m in Seed funding

NYC based developer of the Level stablecoin protocol raised $3.6m in Seed funding led by Polychain Capital and Dragonfly.

Peregrine Exploration is a research and development company that contributes to digital asset projects. The company is currently...…

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Solayer Labs raises $12m in Seed funding

San Francisco based developer of a Solana restaking protocol raised $12m in Seed funding led by Polychain Capital.

"Unlike EigenLayer and Jito, which initially focus on exogenous AVSs (e.g., cross-chain bridges, oracles, shared sequencers and other...…

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Comun raises $21.5m in Series A funding

New York based digital bank focused on U.S. immigrants raised $21.5m in Series A funding led by Redpoint Ventures.

“With more than half of the team’s technical backgrounds hailing from the likes of Brex and Nubank, we believe Comun’s early technical...…

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SatLayer raises $8m in pre Seed funding

Miami based BTC re-staking platform developer raised $8m in pre-seed funding led by Castle Island Ventures and Hack VC.

SatLayer allows users to earn rewards on their BTC by staking and liquid restaking. Babylon, which recently secured $70 million in a...…

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Cardboard raises €1.9m in Seed funding

Oslo based provider of SaaS subscription management solutions raised €1.9m in Seed funding led by Skyfall Ventures.

“These businesses face significant challenges in managing their SaaS payments, which represent a critical and growing portion of their...…

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Chainbound raises $4.6m in Seed funding

New York based Ethereum research firm raised $4.6m in Seed funding led by Cyber Fund.

“Preconfirmations enable users to receive transaction confirmations before they are added to an Ethereum block, which can take anywhere...…

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nOps raises $30m in Series A funding

San Francisco based AWS spend management startup raised $30m in Series A funding led by Headlight Partners.

“nOps uses AI and machine learning to analyze compute needs and automatically optimize for efficiency, reliability and cost. For most of...…

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HKMA launches GenAI sandbox

The Hong Kong Monetary Authority encourages banks to test use cases such as improved risk management and anti-fraud efforts.

HKMA chief executive Eddie Yue said the sandbox was aimed at promoting responsible innovation in AI in the banking industry.

Efficient Capital Labs raises $11m in Series A funding

New York based cross-border revenue-based financing provider raised $11m in Series A funding led by QED and 645 Ventures.

“ECL is the only revenue-based financing company that evaluates a business’ revenue across every geography to provide a holistic risk...…

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Workpay raises $5m in Series A funding

Kenya based HR, payroll, and benefits platform raised $5m in Series A funding led by Norrsken22.

“The shift in customer needs has pushed us to expand our product from being a solid payroll solution to offering a more full-stack HR...…

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BSX Exchange raises $4m in Seed funding

Vietnam based defi derivatives protocol raised $4m in Seed funding led by Blockchain Capital.

"BSX Earn includes a borrowing and lending protocol where traders can access capital to trade on Base and BSX," said BSX core contributor...…

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Thera raises $4m in Seed funding

New York based payroll platform raised $4m in Seed funding led by Y Combinator.

"Through our unique bundled app model and customer-centric approach, we strive to create a streamlined experience to manage all financial...…

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Magie raises $4m in Seed funding

São Paulo based financial assistant startup raised $4m in Seed funding led by Lux Capital.

“Our goal is to really build something with a lot of retention first,” said co-founder Luiz Ramalho.

Revenew raises $4.6m in new funding

San Francisco based payment operations and optimization startup raised $4.6m in new funding led by Fika Ventures.

"Every feature is designed to eliminate uncertainty and give platforms the insight they need over their payments strategy, performance,...…

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Siepe raises $30m in Series B funding

Dallas based private credit data analytics platform raised $30m in Series B funding led by WestCap.

“The new capital will help us continue our momentum in deploying integrated solutions and best-in-class service for fund managers in the...…

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Sorella Labs raises $7.5m in Seed funding

New York based Ethereum infrastructure startup raised $7.5m in Seed funding led by Paradigm.

"We knew that MEV was extremely pervasive on Ethereum, but it was crazy to see to what extent," said CEO Ludwig Thouvenin.

Orderly Network raises $5m in new funding

New York based liquidity layer for web3 trading raised $5m in new funding led by OKX Ventures.

"Amid market volatility, Orderly Network continues to enhance its infrastructure and maintain its growth momentum," said co-founder Ran Yi.

Clarium raises $10.5m in new funding

New York based supply chain management platform for hospitals raised $10.5m in new funding led by General Catalyst.

“Our AI-powered platform and data ecosystem, Astra OS, brings hospitals and providers to the cutting edge of technology and helps to...…

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Resal raises $9m in Series A funding

Saudi Arabia based e-gifting platform raised $9m in Series A funding led by Derayah Ventures Fund.

“We have doubled our sales growth recently and have increased the number of beneficiaries of our solutions to more than 1.5 million users...…

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Waza raises $3m in Seed funding

New York based payments and treasury infrastructure startup for African businesses raised $3m in Seed funding led by Y Combinator.

“It was a bigger problem than I imagined, and I decided to do something about it,” said CEO Maxwell Obi.

Your Money Line raises $4.5m in Series A funding

Indianapolis based employee financial wellness startup raised $4.5m in Series A funding led by Allos Ventures.

Peter Dunn, the founder and CEO of Your Money Line, noted the importance of the investment in addressing financial instability, a major...…

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Optiml raises $4m in pre-Seed funding

Zurich based real estate investment planning platform raised $4m in pre-Seed funding led by BitStone Capital.

"We are using this funding to expand our product’s features, enrich data availability, build APIs, automate data onboarding &...…

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Skyfire raises $8.5m in Seed funding

San Francisco based AI agent payments network raised $8.5m in Seed funding led by Neuberger Berman.

“We want this to be the thing everybody uses when it comes to payments in the AI world,” said CEO Amir Sarhangi.

Lettuce Financial raises $15m in Series A funding

San Francisco based automated tax and accounting platform for solopreneurs raised $15m in Series A funding led by Zeev Ventures.

“We are democratizing the world of taxes and accounting for solopreneurs and aim to put at least $50bn back into business growth by...…

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Redo raises $24m in Series A funding

Utah based returns management platform raised $24m in Series A funding led by Pelion Venture Partners.

"Our software handles the automation of a merchant's returns, exchanges, in-store credits, support tickets etc. It makes it easy for...…

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Holonym Foundation raises $5.5m in Seed funding

Decrentralized crypto digital identity security startup raised $5.5m in Seed funding led by Finality Capital and Paper Ventures.

“Web3 must be the space where we provide robust data ownership and secure sharing of personhood, so that nobody can own your data except...…

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Yuze raises $30m in new funding

UAE based provider of business accounts and card programs for SMEs raised $30m in new funding led by Osten Investments.

“Through our innovative solutions and strategic partnerships, we are complementing traditional banking products and providing MSMEs with...…

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Chaos Labs raises $55m in Series A funding

New York based on-chain risk management tool for DeFi protocols and exchanges raised $55m in Series A funding led by Haun Ventures.

"On average, it takes 72 to 96 hours from the moment that a risk manager detects that changes needed to be made until they're actually...…

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Essential raises $11m in Series A funding

Ethereum Layer-2 based blockchain developer raised $11m in Series A funding led by Archetype.

"Our main competitive landscape is other Layer 2 projects who are trying to improve on speed, scalability and user experience."

Vayana raises $20.5m in Series D funding

India based trade credit platform raised $20.5m in Series D funding led by SMBC's Asia Rising Fund.

"Vayana is a provider of a supply chain finance platform offering a range of trade credit and trade enablement solutions for all the...…

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Syfe raises $27m in Series C funding

Singapore based investment platform raised $27m in Series C funding led by two U.K.-based family offices, Valar Ventures and Unbound.

"Syfe this year reached profitability in its home market of Singapore, and Arora said its average client’s assets on the platform have...…

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Setpoint raises $31m in Series B funding

Austin based credit decisioning infrastructure provider raised $31m in Series B fudning led by 645 Ventures.

“Setpoint has become a cornerstone in the asset-backed ecosystem, earning the trust of the biggest financial institutions."

Capitalize raises $19m in Series B funding

New York based startup focused on automating 401(k) rollovers raised $19m in Series B funding led by existing investor RRE Ventures.

“This capability eliminates the cumbersome process of managing accounts at multiple IRA companies to achieve true diversification."

Ion Protocol raised $4.8m in new funding

US based liquidity protocol for staked and restaked assets raised $4.8m in new funding led by Gumi Capital Cryptos and others.

“Through Nucleus, any network can provide its users with native yield for ETH, BTC and USD backed assets. Users are able to natively...…

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Skydo raises $5m in pre-Series A funding

India based cross-border payments platform raised $5m in pre-Series A funding led by Elevation Capital.

“Eventually we want to get into payouts from India and also start working with larger companies supporting all their cross-border payment...…

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PayZen raises $32m in Series B funding

SF based health care financing startup raised $32m in Series B funding led by NEA.

“I was surprised that [most] BNPL providers didn’t see this massive market as an opportunity for themselves. After getting into it, I...…

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Heatmap raises $4m in Seed funding

New York based data analytics tool for e-commerce websites raised $4m in Seed funding led by Vine Ventures. 

“Two of the ten most-installed Shopify Plus apps are on-site analytics tools, and that’s incredibly telling. The ecosystem wants to know...…

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FLYR raises $225m in Series D funding

California based revenue operating system for airline and transportation companies raised $225m in Series D funding led by WestCap. 

“Much of the travel industry has been technologically stagnant for years, reliant on a handful of legacy incumbents with limited capacity...…

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Chaiz raises $3.7m in Seed funding

Austin based comparison marketplace for extended car warranties raised $3.7m in Seed funding led by ResilienceVC.

We believe everyone should have breakdown protection for their car after their factory warranty expires.

CloudPay raises $120m in new funding

U.K. based payroll and payment solution raised $120m in new funding led by Blue Owl Capital.

Our focus on payroll and payment offerings resonates very well with our esteemed global clientele.

Lucky One raises $3m in Series A funding

Egypt based credit product company raised $3m in Series A funding led by Lorax Capital Partners, KEM and DisrupTech Ventures

The traction built by the Lucky ONE over the past 5 years has geared us to take the next step towards offering a comprehensive range of...…

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Qardy raises a USD seven-figure amount in pre-seed funding

Egypt based digital lending marketplace raised a USD seven-figure pre-seed round led by White Field Ventures and Vastly Valuable Ventures.

This investment will allow us to further enhance our services, as well as accelerate our plans for expansion in KSA and the region.

Hyperbots raises $2m in Seed funding

India based AI accounting firm raised $2m in Seed funding led by Kalaari Capital.

Globally, automating functions that pertain to the CFO’s office, remains a challenging and complex endeavour. With proprietary...…

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Blockscout raises $3m in Seed funding

Seychelles based blockchain analytics platform raised $3m in Seed funding led by 1kx.

We are on the way to becoming the main platform for verifying all information on blockchains and exploring dApps in a safe way. As one of...…

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Rich Data raises $5.9m in new funding

Australia based AI decisioning platform for business and commercial lenders raised $5.9m in new funding led by Acorn Capital.

Our recent partnership with nCino and M&T Bank highlights our commitment to expanding our footprint and delivering a cutting-edge AI...…

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Octane raises $50m in Series E funding

New York based fintech for recreational purchases raised $50m in Series E funding led by Valar Ventures.

Octane’s digital tools and broad credit coverage have propelled us to become a leader in our initial market of powersports and gain...…

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Climatize raises $1.75m in pre-seed funding

California based impact investing platform raised $1.75m in pre-seed funding led by Myriad Venture Partners

We built the Climatize platform to enable anyone to become an active stakeholder in the energy transition by investing directly in...…

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HubiFi raises $2.5m in Seed funding

Ohio based revenue recognition solution raised $2.5m in Seed funding led by Motivate Ventures, Anthemis and Rev1.

Unlike current 'Revenue Management' tools on the market, HubiFi is built to handle not just the 'happy path' use cases. We actually...…

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HouseAmp raises $12.4m in Series A funding

Seattle based home-financing startup raised $12.4m in Series A funding led by Third Prime and Fortress Private Equity.

It aims to help streamline the process of making improvements on a house before it goes on the market, including the ability for...…

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Stabble raises $2.5m in pre-seed funding

United Arab Emirates based liquidity and trading layer raised $2.5m in pre-seed funding led by Masterblox.

Our recent funding grants our team the power to implement innovative solutions and features that address the challenges of traditional...…

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PortfolioPilot raises $2m in Seed funding

San Francisco based AI-driven financial advisory platform raised $2m in Seed funding led by Morado Ventures and New Enterprise Associates.

PortfolioPilot.com is a next generation financial advisor that empowers individuals to take control of their finances. With over 22,000...…

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Zoth raises $4m in new funding

India based Defi infrastructure company raised $4m in new funding led by Taisu Ventures and G20.

We’re excited to support Zoth’s vision for Real World Assets, bridging TradFi and DeFi. Their strategic approach and execution give us...…

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Monkey Exchange raises $11m in Series B funding

Brazil based receivables marketplace raised $11m in Series B funding led by L4.

Any company that has issued an invoice will be able to transform it into a financial asset. It will be enough to register it and then use...…

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Savvy Wealth raises $15.5m in Series A funding

New York based platform for financial advisors raised $15.5m in Series A funding led by Canvas Ventures.

As advisors increasingly pursue independence, we see a strong opportunity to partner with those who want to provide their clients with a...…

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Morpho raises $50m in new funding

France based provider of a decentralized cryptocurrency lending protocol raised $50m in new funding led by Ribbit Capital.

We've been ready for a few months to take DeFi to the general public, but we still lacked the institutional partners to make it happen....…

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Bilt Rewards raises $150m in new funding

New York based credit card for rental rewards issuers raised $150m in new funding led by Ontario Teachers' Pension Plan.

We're rapidly growing our neighborhood loyalty program, expanding into essential categories like healthcare, gas, and groceries. With...…

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Mynt raises $393.07m in new funding

Philippines based e-wallet startup raised $393.07m in new funding led by Ayala and MUFG Bank.

The Philippines has a high mobile phone and internet penetration, creating a solid foundation for the development of digital financial...…

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Morpho raises $50m in funding

Decentralized crypto lending platform raised $50m in funding led by Ribbit Capital.

“Our ambition has always been: how do we break out of DeFi?” Frambot said in an interview with CoinDesk. “How do we make sure that...…

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Bilt raises $150m in funding

New York based loyalty program Bilt raised $150m in funding led by Ontario Teachers' Pension Plan Growth.

"In January, we recognized Bilt's unique capture of loyalty in the previously untapped rental payments space. Today, Bilt is rapidly...…

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Raad Labs raises $2.3m in seed funding

Miami based climatech company raised $2.3m in seed funding led by Coinfund.

“There is a significant, unmet need for high-quality weather, air quality, and soil data that can equip businesses, utilities, insurers,...…

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Pichi Finance raises $2.5m in seed funding

Hong Kong based trading company raised $2.5m in seed funding led by UOB Venture Management, Signum Capital and Mantle Network.

“At Pichi Finance, we’re dedicated to unlocking the value of points in decentralized finance by creating a trustless marketplace for...…

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Beep raises $3.3m in seed funding

Singapore based IoT transaction company raised $3.3m in seed funding led by  Granite Asia (formerly GGV Capital), Farquhar VC, SUTD...

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Breakout Trading Group raises $4.5m in seed funding

Crypto proprietary trading company raised $4.5m in seed funding led by RockawayX.

"In both the evaluation stage and funded stage, trading takes place in a live market environment with notional funds. If a trader passes...…

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Aviva raises $5.5m in seed funding

Mexico City based neobank raised $5.5m in seed funding led by Krealo.

“Despite countless attempts by fintech and neobanks, the smartphone is not a universal solution to offer financial services to those who...…

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Bobo raises €6.5m in seed funding

Lithuania based mobile banking app raised €6.5m in seed funding led by Graphit Lifestyle.

BoBo aims to expand its business across Europe by targeting family offices, yacht companies, private clubs, and concierge services in the...…

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Layer2 Financial raises $10.7m in Series A funding

Toronto based FX payouts company raised $10.7m in Series A funding led by Galaxy Ventures.

Our diverse customer base, ranging from non-bank financial institutions and traditional banks to neobanks and enterprise organizations,...…

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Leanpay raises €10m in Series B funding

Slovenia based BNPL company raised €10m in Series B funding led by BlackPeak Capital.

Leanpay is celebrated for its seamless user experience, which markedly contrasts with traditional financing methods. The platform offers...…

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