Tagged: Fintech Investments

June 10, 2021 @ 8:26 pm By Omar Faridi  |  

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

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 19, 2021 @ 7:06 am By Omar Faridi  |  

  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

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

April 15, 2021 @ 10:17 pm By Omar Faridi  |  

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

April 13, 2021 @ 7:57 am By Omar Faridi  |  

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

April 9, 2021 @ 6:55 pm By Omar Faridi  |  

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

March 3, 2021 @ 11:55 pm By Omar Faridi  |  

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

February 25, 2021 @ 10:47 pm By Omar Faridi  |  

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

February 11, 2021 @ 9:40 pm By Omar Faridi  |  

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

January 28, 2021 @ 8:15 am By Omar Faridi  |  

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

January 27, 2021 @ 7:46 am By Omar Faridi  |  

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

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

January 4, 2021 @ 6:30 pm By Omar Faridi  |  

Singapore-based iSTOX, a blockchain-powered digitized securities platform, has revealed that it has listed a unicorn fund in digitized securities form, enabling the issuance of security tokens where manual processes may be automated and minimum investment ticket sizes to be reduced to $20,000. This move should… 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