Tagged: Fintech Investments

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

London Fintech SumUp Secures €590M in Funding

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

Fintech Lysa Receives Investment from SEB Venture Capital

SEB Venture Capital is making an investment in one of Europe’s “fastest-growing” automated savings platforms, Lysa. As part of the investment, SEB will “support the company’s continued growth and international expansion.” Lysa was founded in 2015 and has recently “become one of the largest and… Read More

Berlin based Fintech Upvest Acquires $42M via Series B Led by Bessemer Venture Partners

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

Sustainable Finance Provider ecolytiq Receives Investment from Visa, Others

Sustainable finance service provider ecolytiq has reportedly finalized a €13.5 million financing round that was led by Visa (NYSE: V) along with other blue chip investors. Consulting company PwC Germany also took part in the investment round via a fund that’s managed by Segenia Capital,… Read More

Mondu Acquires $43M via Series A to Support Product Dev, Global Expansion

  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

UK Fintech Freetrade Acquires £30M via Loan Agreement

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

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

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

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

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

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

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

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

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

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

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

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