Tagged: Fintech funding

June 7, 2021 @ 11:32 pm By Omar Faridi  |  

Pakistan Kuwait Investment Company (Private) Ltd (PKIC) recently made a PKR 500 million (appr. $3 million) equity investment into Planet N (Private) Ltd in order to support the fast-evolving startup sector in Pakistan. The new investment is reportedly part of Planet N’s $10 million funding… Read More

May 23, 2021 @ 8:47 pm By Omar Faridi  |  

Fintech businesses in Singapore have secured a total of SGD 656 million (appr. $492.8 million) in equity funding during Q1 2021. This figure represents a 355% increase from last year, according to a recent report from the Boston Consulting Group (BCG). The rise in Fintech… Read More

April 18, 2021 @ 6:47 pm By Omar Faridi  |  

MENA region startups secured $170 million in capital during March 2021, which is reportedly a 6% increase month-over-month, across 43 different deals, according to local sources. This notably takes the total funds raised during Q1 2021 to $396 million across 125 different deals, which is… Read More

February 21, 2021 @ 11:00 pm By Omar Faridi  |  

The total value of venture capital secured by UK-based firms surged to the highest level in Q4 2020 according to estimates from Refinitiv Deals Intelligence. UK firms secured £2.4 billion in capital from 137 different deals during the last three months of 2020, which is… Read More

February 21, 2021 @ 3:13 pm By Omar Faridi  |  

  Record-breaking funding, massive initial public offerings and unprecedented valuations are all now a part of what may be described as the Fintech “gold rush.” From September of last year until January 2021, the Fintech industry in Israel acquired around $1.4 billion in funding, which… Read More

February 3, 2021 @ 12:41 pm By JD Alois  |  

Germany is starting the year on a high note in regards to VC Fintech investment according to a report. In fact, Fintech investments experienced a volume of €275 million in January 2021 said to be the second-best start to the year ever after 2019 only…. Read More

January 15, 2021 @ 8:47 pm By Omar Faridi  |  

Indonesia-based Fintech platforms and services have continued to receive substantial investments despite the COVID outbreak. These Fintechs have acquired a significant portion of the total funds invested in Indonesian startups throughout 2020. According to reports, Fintechs in the country have acquired more capital than software-as-a-service… Read More

January 12, 2021 @ 7:47 am By Omar Faridi  |  

Checkout.com, an established payments company, has again managed to become the highest-valued Fintech business in Europe after finalizing a huge $450 million Series C investment round. The Fintech firm has been able to triple or 3x its valuation for the second time and is currently… Read More

January 11, 2021 @ 11:11 pm By Omar Faridi  |  

i2c, a digital payments and banking technology provider, has revealed that it was selected to develop Pakistan’s TAG, which is described as a “digital-native” financial app. TAG is the latest Fintech solution in the country to be granted approval by the State Bank of Pakistan… Read More

January 9, 2021 @ 11:13 am By Omar Faridi  |  

Cambridge-headquartered Vestigo Ventures, which mainly invests in Fintech firms or other financial services businesses, has reportedly secured a total of $83.5 million (to date) for its second fund, according to a securities filing. Vestigo had been planning to acquire $100 million in capital for its… Read More

December 24, 2020 @ 8:37 am By Omar Faridi  |  

North American and European Fintech firms experienced a 17% year-over-year (YoY) growth during Q3 2020, which brings the total to $8.9 billion raised in venture capital investments, compared to $7.6 billion secured in Q2 2020. Although these are solid gains, there were just 414 deals… Read More

December 19, 2020 @ 1:43 pm By Omar Faridi  |  

Fintech-focused venture capital mega-rounds ($100 million+) reached a record high this year, according to a report from research firm CBInsights. With just a couple of weeks left in Q4 2020, the CBInsights team took an early look at the global Fintech investment trends taking place… Read More

December 15, 2020 @ 11:59 pm By Omar Faridi  |  

Paul Bassat, co-founder and Partner at Square Peg Capital Pty., an established Australian VC firm, recently talked about the company’s local and international investments amid the COVID-19 pandemic. Bassat revealed that major Australian pension funds believe that the country’s first recession in around 30 years… Read More

December 10, 2020 @ 10:57 pm By Omar Faridi  |  

Singapore has managed to attract the highest total funding amount (at 42%) in the ASEAN region – which includes other major Southeast Asian economies such as Indonesia, Malaysia, Thailand, Vietnam, the Philippines, among others. Overall investor interest in Singapore’s Fintech companies continues to remain quite… Read More

November 10, 2020 @ 8:31 pm By Omar Faridi  |  

The Fintech sector in China didn’t close any major venture capital investment deals for the third consecutive quarter, according to a report from Forrester. This suggests that investors may not be confident about allocating capital towards Chinese Fintech projects because of the socioeconomic uncertainty due… Read More

October 27, 2020 @ 10:16 pm By Omar Faridi  |  

Singapore-based SeedIn, a peer to peer (P2P) investment platform, has announced that it will be rebranding to BRDGE. The company stated that the new name (BRDGE) aims to better reflect the organization’s mission and objectives. The P2P platform is mainly intended for local SMEs. BRDGE… Read More

October 12, 2020 @ 8:05 am By Omar Faridi  |  

CAPX, a Los Angeles based financial services firm, has published a report which notes that middle-market firms (businesses with anywhere between 100 to 2,000 employees, or with $10 million to $500 million in annual revenue) have been experiencing certain challenges when trying to gain access… Read More

September 16, 2020 @ 7:41 am By Omar Faridi  |  

Germany has one of the world’s most active Fintech sectors. It has become increasingly competitive with many new ventures being launched. There are more than 800 Fintech firms in Germany and $2.2 billion has been invested into the sector between January 2019 and August 2020,… Read More

September 15, 2020 @ 10:54 pm By Omar Faridi  |  

AMTD recently revealed that it has invested in several Fintech firms, as a part of its Singapore Solidarity Fund, under the purview of the ASEAN Solidarity Fund Group. AMTD has reportedly invested in the operations of Active.ai, Cardup, Funding Societies, PolicyPal, and Transwap. AMTD maintains… Read More

September 9, 2020 @ 11:33 pm By Omar Faridi  |  

While many business sectors in Ireland have seen a substantial decline in activity or revenue due to the COVID-19 crisis, that nation’s Fintech industry attracted significant investments of around $328.6 million during H1 2020. This, according to KPMG’s latest report on Fintech deals during the… Read More