Tagged: financial technology

December 13, 2019 @ 10:22 pm By Samantha Hurst  |  

FintechOS, an early stage company that seeks to accelerate the digital transformation of financial institutions, recently announced it has secured €12.7 million through its Series A funding round, which was jointly led by Earlybird’s Digital East Fund and OTB Ventures, with participation from existing investors Gapminder Ventures and Launchub. The… Read More

December 13, 2019 @ 3:48 pm By Samantha Hurst  |  

Payment processing platform Klarna announced on Thursday its plan to open a tech hub in Berlin at the beginning of next year. Klarna reported that the new hub will enable it to further build out its product portfolio and services as well as better serve… Read More

December 12, 2019 @ 7:52 pm By Samantha Hurst  |  

Curve, a banking platform that consolidates multiple cards and accounts into one smart card and even smarter app, announced on Thursday it has expanded its wearables offering by partnering with Garmin, Fitbit and Sony’s Wena pay. According to Curve, the partnerships enable wearable users to… Read More

December 12, 2019 @ 11:36 am By Samantha Hurst  |  

albo, a Mexico-based challenger bank that offers consumers digital accounts with prepaid Mastercards for receiving, transferring, and spending, announced on Thursday it raised an additional $19 million through its extended Series A funding round, bringing the total amount series through the investment round to $26… Read More

December 12, 2019 @ 8:42 am By Samantha Hurst  |  

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

December 11, 2019 @ 3:03 pm By Samantha Hurst  |  

U.S. fintech Brex announced on Wednesday it secured $200 million through its latest debt capital raise to continue the rapid expansion of its e-commerce product. The capital reportedly comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate… Read More

December 11, 2019 @ 11:24 am By Samantha Hurst  |  

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

December 11, 2019 @ 8:09 am By Samantha Hurst  |  

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

December 10, 2019 @ 9:16 am By Samantha Hurst  |  

Global fintech InvestCloud announced on Tuesday it has launched a new app, Personatech, to create a personal digital experience for wealth management clients. According to InvestCloud, the new app will enable any wealth manager to have the ability to create personas for each client. “PersonaTech… Read More

December 9, 2019 @ 4:09 pm By Samantha Hurst  |  

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has closed its offering of $750 million aggregate principal amount of 2.900% senior notes due 2029. According to Broadridge, J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital… Read More

December 9, 2019 @ 2:05 pm By Samantha Hurst  |  

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

December 9, 2019 @ 8:25 am By Samantha Hurst  |  

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

December 8, 2019 @ 10:24 pm By Samantha Hurst  |  

Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that… Read More

December 6, 2019 @ 2:33 pm By Samantha Hurst  |  

Chime, a U.S.-based app-only bank, has reportedly secured $500 million through its Series E funding round, bringing Chime’s valuation to $5.8 billion. The investment comes less than a year after Chime raised $200 million through its previous round when it was valued at $1.5 billion…. Read More

December 6, 2019 @ 8:38 am By Samantha Hurst  |  

Currensea, a UK-based fintech that specializes in creating travel debit cards, is set to close its equity crowdfunding campaign on Seedrs with more than £865,000 secured. The company, which launched the campaign last month, sought to raise a minimum of £800,000. It is offering 7.40%… Read More

December 5, 2019 @ 10:18 pm By Samantha Hurst  |  

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it has launched its service in both Italy and Portugal. As previously reported, Tink provides partners ranging from big banks to individual developers with the technology to securely access financial… Read More

December 5, 2019 @ 6:37 am By Samantha Hurst  |  

Digital bank Revolut announced on Thursday it has teamed up with authorized by the pensions regulator, Smart Pension, to launch its new business pension offering. Users will now be able to set up their business accounts and pension auto-enrolment within minutes through this collaboration. “When… Read More

December 5, 2019 @ 6:29 am By Samantha Hurst  |  

U.S. fintech Robinhood announced on Wednesday more than 10 million people have signed up for accounts on its platform. Publicly launched in 2015, Robinhood is notably on a mission to democratize our financial system. The company offers commission-free trading through on e platform. “Trading in… Read More

October 2, 2019 @ 10:01 am By Samantha Hurst  |  

AI-powered automatic savings account mobile app, Chip, is set to close its latest equity crowdfunding campaign on Crowdcube with more than £3.9 million secured. The funding round was launched at the end of September and quickly secured its initial £1 million funding target. Chip is… Read More

September 27, 2019 @ 9:32 am By Samantha Hurst  |  

Less than a year after raising  £3.4 million through its previous Crowdcube round, AI-powered automatic savings account mobile app, Chip, has returned to the equity crowdfunding platform. Originally seeking £1 million, the company quickly surpassed the funding target has now raised over £3.4 million from… Read More