Tagged: Fintech Investments

Dedicated Fintech VC Upfin Secures €30M for Early-Stage Investments

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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

Fintech Insights Report for Q1 from FT Partners Says It’s Set to be Another Record Year for Fintechs

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FT Partners recently shared their Q1 2022 Fintech Insights Report. As noted in the update from FT Partners, it has been a record year for financing in Fintech. The firm is internationally known for its expertise in the Fintech industry. FT Partners has associations with… Read More

LHV Group to Invest in Fintech Modular Technologies

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LHV Group will reportedly be making an investment worth €1 million in the Estonian financial tech company Modular Technologies OÜ, trademark ‘Tuum’. The firm is developing a new generation banking platform that “offers the core system also to LHV UK Limited, a subsidiary of LHV… Read More

Pakistan based Financial Wellness Platform, Abhi Finalizes $17M Series A

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Abhi, which claims to be Pakistan’s “first-ever” financial wellness platform, enabling employees to access accrued salary in advance, recently announced the completion of a $17 million Series A raise. As noted in an update shared with CI, the fund raise was led by VC  firm… Read More

BNP Paribas Invests in Fintech VC Fund Managed by Anthemis

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BNP Paribas (EPA: BNP) has reportedly made its first investment in a Fintech VC fund managed by Anthemis. The investment is being made via the French banking institution’s Global Markets Strategic Investments division, which actively invests in high-growth Fintech firms. It further solidifies the existing… Read More

Digital Banking: ZA Tech Now the Latest Investor in Aladin Bank – Indonesia’s Sharia Virtual Bank

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Hong Kong – ZA Tech Global Limited, a Singaporean tech venture founded by ZA International and backed by Softbank’s Vision Fund 1, has become “the latest strategic partner to collaborate with Aladin Bank as an investor and a business partner, and is fully committed to… Read More

Indian Fintech Credilio Finalizes Pre- Series A Round to Enhance its Product Portfolio

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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

Fintech Set to be the Most Active Sector in India for Venture Debt This Year: Report

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India’s Venture Debt Report 2022, released by Stride Ventures, reveals that the year 2021 saw 111 firms acquiring funds via debt, of which 91 companies were categorized as unique. Bengaluru reportedly saw the highest number of venture debt deals, making up 40% of all such… Read More

Swedish VC Wellstreet Introduces Fintech Fund with Anticipated Total of $40M

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Swedish VC company Wellstreet has introduced a Fintech fund with an expected total of around $40 million. The funds will reportedly be directed towards early-stage B2B and infrastructure tech firms promoting greater overall efficiency in the international banking and Fintech sectors. Supported by experienced industry… Read More

BBVA to Invest $300M in Brazil’s Virtual Bank Neon

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BBVA (NYSE: BBVA) has reportedly agreed to invest $300 million (around €263 million) in Neon, a Brazilian digital bank founded in 2016 that aims “to improve access to financial services for individuals, self-employed and small businesses in its country.” Neon claims 15 million registered accounts…. Read More

Fintech Engage Fi Acquires Investment from Falfurrias Capital Partners

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Banking services Fintech Engage Fi is the latest local firm (in Tampa) to acquire out-of-state funding. Engage Fi co-founders Jenn Addabbo and James Guild introduced their banking services technology business back in 2014. The firm has reportedly acquired one of the first investments from an $850… Read More

CommerzVentures Report: Climate related Fintech Funding 3x Greater than all Previous Years

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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

Fintech Investment Surges to $210 Billion, According to Pulse of Fintech H2’21 Report from KPMG

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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

Founders Fund Reportedly Invests in Corporate Card Fintech Ramp at $8B Valuation

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VC firm Founders Fund has reportedly led an investment in Ramp, a corporate credit card and spending management software firm that launched a few years back. The company is now valued at $8 billion (including the investment). This, according to sources familiar with the matter… Read More

Indian Neobank Fintech Kaleidofin Finalizes $10M Series B Round led by Dell Foundation

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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

UBS Fintech Portfolio Invests in Estate Planning Platform Trust and Will

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UBS (SWX: UBSG) announced that UBS Next, the company’s $200 million strategic Fintech portfolio, has invested in US-headquartered firm Trust & Will, a digital estate planning platform. Launched in October 2020, UBS Next identifies various opportunities within the start-up ecosystem and “further enhances UBS’s technology-driven… Read More

Innovate Finance Responds to FCA Discussion Paper, “Sustainability Disclosure Requirements and Investment Labels”

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Innovate Finance, the independent industry body that represents and advances the international Fintech community in the United Kingdom, explains that it aims to accelerate the UK’s role in the financial services sector by “directly supporting the next generation of technology-led innovators.” The UK Fintech sector… Read More

Fintech Sector in Turkey Continues to Grow Steadily with $64M in Investments Secured in 2021

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The Istanbul Financial Center (IFC) has been able to attract many Fintechs during the past year. Turkey‘s Fintech industry has continued to develop with over $64 million in total investments being channeled towards various initiatives, according to an official report cited by the Daily Sabah…. Read More

$50M MENA Region Fintech Fund I Launched by Early-Stage VC Firm VenturesSouq

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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

Fintech Funding Report: Over $31B in Global Funding was Acquired by Financial Technology Initiatives During Q3 2021

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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

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