Tagged: Fintech Investments

Fintech Funding Sets New Records in 2021 with Unicorns like Robinhood, Klarna, Checkout.com Closing Massive Mega-Rounds: Report

Fintech firms are having a banner year 2021. During Q1 2021, venture capital-backed Fintechs secured $22.8 billion, which notably makes it the largest-ever funding quarter for Fintech companies since 2018, according to data from CB Insights. Fintech funding growth has been taking place across the… Read More

South Korean B2B Fintech Webcash Group Receives $20.9M Investment from KT, a Major Telecom Firm

KT, one of South Korea’s largest telecom companies, reveals that it will be investing KRW 23.6 billion (appr. $20.9 million) into the operations of Webcash Group. The investment will be part of a plan to form an alliance relationship for the B2B sector. Webcash Group… Read More

Fintech Ecosystem in Egypt being Supported by Strong MENA Region VC Investments, but Well Behind Global Standards: Report

Egypt’s venture capital investment ecosystem has become one of the most fast-evolving markets in the MENA region. It’s been expanding at a 100% CAGR during the last 5 years, according to the 2020 Egypt Venture Investment Report released by Magnitt in collaboration with Egypt’s IT… Read More

Singapore Fintech MatchMove Receives $100M Investment from IT Services Firm Nityo Infotech

IT services firm Nityo Infotech has reportedly invested $100 million in Singapore-based Fintech company MatchMove Pay in exchange for an equity stake. Nityo is now the largest shareholder in MatchMove. Nityo‘s management noted that they value the company at $500 million pre-money and $600 million… Read More

Fintech, AI, Data Science Startups Investor Planet N Receives Investment from Pakistan Kuwait Investment Co.

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

Fintech Funding: Singapore based Fintechs Secured Nearly Half A Billion Dollars in Q1 2020

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

Digital Banking Challenger Starling Secures £50M in Capital from Goldman Sachs Growth Equity

  Starling, a leading UK-based digital bank, revealed on Monday (April 19, 2021) that it has received a £50 million investment from Goldman Sachs Growth Equity. The latest investment is reportedly an extension of the digital bank’s oversubscribed £272 million Series D investment round that… Read More

Fintech Funding: MENA Region’s Saudi Arabia, UAE, Egypt Raised Substantial Amounts in Q1 2021, but UK Remains a Global Leader in Fintech

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

Saudi Arabia based Fintech Prexle Secures $670K via Seed Round, Company Offers Cloud based POS Services

Saudi Arabia-based Cloud-enabled Point-Of-Sale (POS) startup Prexle has reportedly finalized its seed funding round which is valued at 2.5 million Saudi riyals (appr. $670,000). Company CEO and Co-founder, Abdullah Alajlan stated that they’re happy to close their latest investment round. He added that the funds… Read More

UK Fintech Modulr Secures Strategic Investment from FIS

Modulr, a Payments as a Service API Platform for digital businesses, has revealed that it received a strategic investment from the venture division of FIS. FIS intends to leverage Modulr‘s API-enabled payments infrastructure to carry out and automate real-time, B2B payments in the UK and… Read More

Fintech Unicorn Nubank’s Mexican Division Nu Mexico to Acquire $135M in Capital to Expand Operations in Latin America

The Mexico-based division of Fintech Unicorn Nubank, which is notably the largest standalone digital banking platform in the world, will be acquiring $135 million in capital in order to support its business operations in the Latin American (LatAm) region’s second-largest economy. As first reported by… Read More

Brendan Carroll from Chicago’s Victory Park Capital Says Banks and Fintechs Can Operate Effectively in New Business Environment

In early 2020, Opportunity Financial began evaluating whether it should go public. The online lending platform was interested in shifting focus away from the installment loan business to various other financial products (in order to improve its company profile). Jared Kaplan, CEO of the Chicago-based… Read More

Fintech and Healthcare focused Oak HC/FT to Allocate $1.4B in Fresh Capital to Support Innovative Projects

Oak HC/FT, which is focused on the future of Fintech and Healthcare, is launching the Oak HC/FT Fund IV as the organization continues its “pursuit of extraordinary opportunities.” Oak HC/FT notes that when looking back on an “exceptionally challenging” year due to the COVID-19 pandemic,… Read More

Pakistan Is Now Fully Committed to Supporting Fintech Startups, Also Updates Foreign Equity Investment Policy

Arshad Mehmood Bhatti, Director, Exchange Policy Department at the State Bank of Pakistan (SBP), the nation’s central bank, has noted that the SBP has updated its Foreign Exchange Manual in order to facilitate local startups and Fintech firms in the country. The manual was also… Read More

Fintech Funding: 13 $100 Million+ Mega-Rounds worth $2.7 Billion (in total) Completed by Fintechs so far in 2021

This month (January 2021) has already been huge in terms of Fintech fundraising, with notably 13 mega-rounds valued at $100 million (or more) having been completed to start off the new year. These companies have acquired approximately $2.746 billion in capital. This figure does not… Read More

European Fintech Startup Nomo, a Business Management Solution Provider for SMEs, Acquires €2.5 Million Investment

Banco Sabadell (BME:SAB), a Spanish multinational financial services company headquartered in Alicante and Barcelona, Spain, has reportedly invested €2.5 million in Nomo, an inhouse incubated initiative that spun out from the banking institution. The startup offers various business management tools for SMEs and sole traders…. Read More

Fintech Firms in Indonesia Attracted Substantial Funding throughout 2020 Along with Digital Commerce and SaaS Platforms: Report

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

Checkout.com Is Again Most Valuable European Fintech After Securing $450 Million in Capital via Series C Round

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

Digital Payments Provider i2c Granted Approval by State Bank of Pakistan to Serve as Electronic Money Institution

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

Cambridge based Fintech Investor Vestigo Ventures has Reportedy Secured $83.5 Million in Capital for its Second Fund

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

Send this to a friend