Tagged: Fintech funding

May 24, 2023 @ 9:03 am By Omar Faridi  |  

Global fintech venture capital firm QED Investors announced that it has closed two new funds with combined capital commitments of $925 million. The new capital commitments comprise Fund VIII, “an oversubscribed $650 million early stage fund, and Growth II, a $275 million early growth-stage fund.”… Read More

April 13, 2023 @ 1:57 pm By JD Alois  |  

Yesterday, it was reported that the US market experienced a 25% quarterly decline in Fintech funding during Q1 2023 in comparison to Q1 2022. Today a similar report provided by Tracxn, indicates that the UK saw a whopping 89% decline during Q1 2023 in Fintech… Read More

January 30, 2023 @ 11:36 am By JD Alois  |  

A new report indicates that Fintech funding declined in 2022 as the sector was impacted by a challenging market. According to Tracxn, private Fintech firms in the UK raised a total of $11.2 billion in 2022, a drop of 13% from the year prior. In… Read More

August 8, 2022 @ 8:58 am By Omar Faridi  |  

In Q2 2022, Fintech companies globally “raised $24.1 billion in venture capital (VC) across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value,” according to a report from Pitchbook. This is “the largest percentage drop in deal value since Q3 2018,” the team at… Read More

June 24, 2022 @ 1:17 pm By Omar Faridi  |  

Global Fintech SumUp, the financial partner for over 4 million small businesses worldwide, has raised a €590 million funding round that gives the company “an enterprise value of €8 billion following a decade of rapid growth and global expansion.” The investment round was led by… Read More

June 17, 2022 @ 8:20 am By Omar Faridi  |  

Berlin-based infrastructure Fintech Upvest announced the closing of a $42 million Series B round – “one of the largest German Fintech funding rounds in 2022.” Bessemer Venture Partners is leading the Series B “with Earlybird and ABN AMRO Ventures doubling down as previous investors and… Read More

May 31, 2022 @ 3:13 pm By Omar Faridi  |  

  Mondu is pleased to announce an important milestone in their company’s history: their $43 million Series A round. Since being founded in August 2021, they’ve been focused on “delivering a highly attractive product, growing [their] merchant base and the number of businesses [they] serve,… Read More

May 24, 2022 @ 2:17 am By Omar Faridi  |  

Freetrade, the UK-based stock brokerage app provider, has secured £30 million via a loan agreement in order to boost its financial resources without having to commit to a new valuation for the firm. The FT reports that the announcement comes at a time when startups… Read More

May 19, 2022 @ 11:34 pm By Omar Faridi  |  

Upfin says it is here to support “exceptional” fintech founders with capital, deep industry expertise, and a network within financial services. Upfin is led by a team “with extensive experience founding, operating, and supporting fintech.” At first closing Upfin is “backed by a sovereign wealth… Read More

March 25, 2022 @ 8:38 pm By Omar Faridi  |  

Indian Fintech firm Credilio has acquired $4 million in capital via a pre- Series A round from several key investors. Credilio’s investment round has been led by Cornerstone Venture Partners Fund. The round also included contributions from Exfinity Venture Partners and the founder of Param… Read More

March 8, 2022 @ 8:14 am By Omar Faridi  |  

Venture capitalists’ enthusiasm or eagerness to invest in Fintech platforms, which ranked as one of the most active industry segments for startup investments in 2021, is showing signs of slowing down. During the last few weeks, a total of 51 Fintech firms secured a total… Read More

February 7, 2022 @ 10:38 pm By Omar Faridi  |  

CommerzVentures, a “return-driven,” non-strategic venture capital investor, has shared a detailed report on climate Fintech, which covers venture capital funding for Fintech companies. The report reveals that in this sector, net-zero economies reached a record high last year. Surveying several climate Fintechs across European and… Read More

February 7, 2022 @ 2:41 pm By Omar Faridi  |  

London-headquartered Fintech Railsbank, which provides virtual banking services, is approaching Unicorn status (valued at $1 billion or more), Sky News confirmed on Friday (February 4, 2022). The UK-based Fintech firm recently acquired certain assets of Wirecard, the collapsed and fraudulent German payments firm. As mentioned… Read More

February 7, 2022 @ 8:49 am By Omar Faridi  |  

The Pulse of Fintech H2’21 – which is a bi-annual report released by KPMG covering international Fintech investment trends – reveals that global Fintech funding across M&A, PE, and VC hit $210 billion (internationally) across an all-time record 5,684 deals during 2021. Fintech funding in… Read More

January 13, 2022 @ 10:46 pm By Omar Faridi  |  

India’s neobank Fintech Kaleidofin has acquired $10 million in capital via a Series B round that was led by the Michael & Susan Dell Foundation. The capital injection has now taken the total funding secured by Kaleidofin to $18 million. Existing institutional investors, Oiko Credit,… Read More

December 16, 2021 @ 10:37 am By JD Alois  |  

The transformation of analog finance to digital finance is ongoing but the onset of the global health crisis of COVID-19 has accelerated digital transformation for all. For Fintech, this has meant a boom in digital (neo) banking, investing platforms, and a host of other financial… Read More

November 22, 2021 @ 8:31 pm By Omar Faridi  |  

GCC-headquartered early-stage VC company VentureSouq has introduced a $50 million MENA region Fintech Fund I. As mentioned in the announcement, the MENA Fintech Fund I is the first sector-wide Fintech-focused fund to be introduced across the Middle East area and Pakistan. The new Fund is… Read More

November 8, 2021 @ 7:25 am By Omar Faridi  |  

A report from CBInsights reveals that $31.1B in global funding was acquired by Fintech startups during Q3 2021—which is the “second-highest quarter ever.” Despite falling around 16% when compared to the past quarter’s record levels, financing remains elevated in the Fintech venture space. This last… Read More

September 30, 2021 @ 8:47 am By Omar Faridi  |  

Three Egypt-based banking institutions will be establishing a 1 billion Egyptian pound Fintech fund (appr. $63.6 million) in order to offer support to Fintech firms (starting October 2021). The three banking institutions include the National Bank of Egypt, Banque Misr, and Banque du Caire, along… Read More

September 28, 2021 @ 7:57 am By Omar Faridi  |  

Ascend Money has reached a $1.5 billion valuation after finalizing a $150 million round, making it the very first Fintech Unicorn in Thailand. The proceeds will be channeled towards growing the firm’s client base (which includes its digital wallet app, TrueMoney Wallet) and to further… Read More