Tagged: Fintech Investments

Global Fintech Funding Nosedived to $39.2B in 2023, Down 50% YoY – Research Report

The Fintech sector has not been spared from the “sweeping” downturn in the venture market, according to an extensive update shared by CBInsights. In fact, in 2023, funding to fintech startups “dropped off more severely than broader venture funding,” the CBInsights report noted. Based on… Read More

SC Ventures, SBI Holdings to Support Digital Asset Initiative in UAE

SC Ventures, Standard Chartered’s innovation, fintech investment and ventures arm, is partnering with SBI Holdings, a Japanese financial conglomerate, to establish a Digital Asset Joint Venture investment company in the United Arab Emirates (UAE). The parties say that they intend “to capitalize the vehicle with… Read More

Digital Assets: Beluga Acquires Funding to Provide a Platform for Crypto Users to Invest with “Confidence”

Beluga, a platform that onboards and guides new users through their crypto journey, announced a $4M seed round from some of the most well-known crypto and FinTech investors. The investment round was led “by Fin Capital with participation from Anagram, UDHC, Dispersion Capital, Aptos Labs,… Read More

Global Digital Asset Based Exchange Traded Products AUM Surges 51% YTD – Report

Fineqia International, a digital asset and fintech investment business, announces that its analysis of global Exchange Traded Products (ETPs) with digital assets as underlying collateral revealed a 51% growth in total Assets Under Management (AUM) in the year-to-date (YTD) period amid renewed interest by investors…. Read More

Enterprise Fintech VC Deal Activity Continued to Decelerate in Q2 2023, Report Reveals

Enterprise fintech VC deal activity continued “to decelerate in Q2,” according to a comprehensive update from Pitchbook. VC deal value this quarter has reportedly “decreased 11.9% YoY to $10.6 billion.” Excluding the Stripe deal, VC deal value “was $3.7 billion, representing declines of 69.2% YoY… Read More

SC Ventures Exits Stake in Metaco SA, a Swiss-based Digital Asset Firm

SC Ventures, Standard Chartered’s (LON: STAN) innovation, fintech investment and ventures arm, has exited its stake in Metaco SA, a Swiss-based tech firm offering critical software infrastructure that enables institutions to issue, secure, manage and trade digital assets. SC Ventures was “one of the early… Read More

Fintech VC Firm QED Investors Closes Nearly $1B in New Funds

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

Digital Bank Revolut Valuation Nearly Halved by Schroders

Investment bank Schroders recently revealed that it has slashed the valuation of its shareholding in digital bank Revolut by nearly half after the Fintech company had been criticized for trying to downplay potentially serious red flags from auditors BDO regarding its revenue statement. As noted… Read More

Canadian Fintech Nuvei Corp. Receives Investment from Hollywood Actor/Producer Ryan Reynolds

Hollywood actor, producer and entrepreneur Ryan Reynolds has announced that he has invested in Canadian Fintech company Nuvei Corporation (Nasdaq: NVEI). This I assure you… @nuvei will never ever build a rocket. pic.twitter.com/pyVdLSraW8 — Ryan Reynolds (@VancityReynolds) April 17, 2023 Reynolds, who is “globally recognized… Read More

Fintech Investments: TTV Capital Closes Fund VI at $250M to Invest in Financial Tech Firms

TTV Capital, an early-stage fintech venture capital firm, recently announced that it has closed its sixth fund at $250 million, the largest since the firm was founded over two decades ago. The fundraise, which originally “targeted $150 million, saw overwhelming interest and was oversubscribed by… Read More

Lloyds Banking Group Invests £10M in Digital Identity Firm Yoti

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology “to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data.” Yoti offer “a… Read More

40Seas, a Fintech Platform for Modernizing Cross-Border Trade Financing, Secures Funding

40Seas, a Fintech platform for cross-border trade financing, has raised $111 million to deliver a much more efficient and cost-effective financing framework for SMEs involved in global commerce. The company’s $11 million seed funding round, “led by Team8 with participation from ZIM Integrated Shipping Services… Read More

BNP Paribas Joins AccessFintech Series C Round

BNP Paribas announces a strategic investment in AccessFintech, which claims to be a leading fintech company “evolving the capital markets’ operating model through data and workflow collaboration.” The investment is being “made by BNP Paribas’s Securities Services unit, the bank’s post-trade arm.” It will “enable… Read More

EY Introduces South West Innovation Hub as Part of Fintech Investment

EY has today announced plans to establish a new Business Research Innovation Technology and Engineering (BRiTE) Hub in Bristol, as it looks “to ramp up capabilities in financial services design, data analytics and engineering to create practical and tangible solutions to some of the big… Read More

Fintech Investments Focused on Retail Vertical Increased 78.6% Compared to 2019: Report

Venture capitalists invested “a record $41.0 billion into the retail fintech vertical in 2021, representing a 78.6% increase compared with 2019’s $23.0 billion,” according to an update from Pitchbook. VC investments into the banking and credit and wealthtech segments “drove this increase.” As of Q3… Read More

Canadian Fintech Investment Declines by More Than Half in H1 2022: Report

Canadian Fintech companies saw US$810 million in total investment “across 85 deals in the first half of 2022, down from US$1.9 billion in the second half of 2021.” This, according to an update from KPMG. It was also a notable drop “compared to the first… Read More

UK’s Tech Nation Accepts 51 Fintech Firms into 5th Growth Program

Tech Nation recently welcomed what they claim to be the UK’s 51 “most exciting” Fintech companies to their fifth Fintech growth program, as UK fintech investment “reaches a record high.” As mentioned in the announcement, 51 companies were accepted into Tech Nation’s fifth Fintech growth… Read More

Fintech Report: Financial Tech Firms Raised $24.1B in VC Funding Across 1,103 Deals in Q2 2022

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

Illuminate Financial Acquires Investment from Citi

Illuminate Financial, the “thesis-driven” venture capital investor dedicated to early-stage FinTech and enterprise software companies, recently announced a strategic relationship with Citi (NYSE: C). Citi joins existing investors Jefferies, J.P. Morgan, Deutsche Börse Group and S&P Global “as a limited partner in Illuminate Financial’s venture… Read More

Alviere Acquires Financing from Silicon Valley Bank to Support Growth in Europe, LatAm

Alviere, the provider of enterprise software solutions for embedded finance that enables brands to deliver a full suite of financial products and services to customers, fans, and employees, announced it has secured financing from Silicon Valley Bank, the bank of the world’s “most innovative” companies… Read More

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