Tagged: fintech

Overfunding: Spanish Fintech Challenger bnc10’s Crowdcube Campaign Quickly Secures £300,000 Funding Target

bnc10, a new fintech challenger based in Barcelona, Spain, has successfully secured its initial £300,000 equity crowdfunding target through its Crowdcube campaign, which has attracted more than 225 Crowdcube investors. Founded in 2018 and launching earlier this year, bnc10 stated it has grown rapidly, hitting… Read More

Money Manager Betterment Teams Up With Insurtech Sure to Provide Cellphone Insurance to Betterment Checking Users

Online financial advisor Betterment announced on Thursday it has formed a partnership with insurtech company Sure to provide cell phone insurance to Betterment Checking users, offering coverage for phone damage or theft. The offering is notably available to any Betterment Checking user that pays their monthly cell bill… Read More

U.S. Fintech Affirm Secures $500 Million Through Series G Funding Round Led By GIC & Durable Capital Partners

U.S. fintech Affirm announced on Thursday it secured $500 million through its Series G investment round, which was led by GIC and Durable Capital Partners LP. Other returning investors include Lightspeed Venture Partners, Wellington Management Company, Baillie Gifford, Spark Capital, Founders Fund, and Fidelity Management… Read More

South Korean WireBarley Secures $10 Million Through Series B Funding Round

WireBarley, a South Korean fintech focused on global remittance services, announced on Thursday it secured $10 million through its Series B funding round from  Magna Investment, Shinsegae I&C, and Dt & Investment. WireBarley describes itself as a money transfer startup that provides fully contactless financial… Read More

Danish Fintech Pleo Announces Apple Pay For UK & European Customers

Pleo, a Denmark-based fintech startup, announced on Thursday it is now offering Apple Pay to its European and UK customers. Pleo reported the new capability will allow its business users to sync their Pleo credit card with Apple ePay and make payments from their Apple… Read More

U.S. Fintech Jetty Launches “Unlock Deposit” Allowing Renters to Free Up Cash Deposits in Exchange For a One-Time Fee

  Jetty, a U.S.-based fintech on a mission to make renting a home more affordable and effortless for everyone, announced on Wednesday the launch of its offering, Unlock Deposit, which allows renters to free up their cash deposit in exchange for a small, one-time or… Read More

Social Impact Fintech Chipper Launches Mobile Feature For Student Loan Repayment After CARES Act Expires

Chipper, a U.S. social impact fintech, announced on Wednesday the launch of Explore, which is a feature designed to transform the way student loan borrowers navigate the complex repayment process after the CARES Act expires in December. According to Chipper, the feature enables borrowers to… Read More

Plug and Play’s Fintech Europe Reveals Startups Selected for Batch Six

Fintech Europe, Plug and Play’s fintech-focused innovation platform based in Frankfurt, Germany, announced on Wednesday the eight startups selected for its sixth batch. Plug and Play reported that the platform has grown its partner base to 13 Financial Institutions since its inception in May 2018…. Read More

Square Unveils On-Demand Pay & Instant Payments Feature For Payroll Customers

Payments platform Square announced on Tuesday the launch of two new features, On-Demand Pay for employees, and Instant Payments for employers. The company claims that the features will enable Square Payroll customers and their employees to more easily and effectively manage their cash flow. “The… Read More

Oyster Financial Secures $14 Million Through Seed Funding Round Led By Monashees & SV Latam Capital For Mexico Expansion

U.S./Mexico fintech Oyster Financial recently announced secured $14 million through its latest seed funding round, which was led by Monashees and SV Latam Capital with participation from FJ Labs, Fintech Collective, Kevin Efrusy, Redpoint Ventures, S7 Ventures, and Ulu Ventures. The funding will go towards the company’s expansion into Mexico. Founded in… Read More

U.S. Fintech Flaist Unveils Conversational AI Tool “EVA” For Credit Unions, Community, & Regional Banks

Flaist, a U.S.-based fintech startup, announced on Monday the launch of its new AI tool, Eva, which helps credit unions, community, and regional banks better serve their existing customers and compete for new customers with larger financial institutions. Flaist stated it is on a mission… Read More

Crypto-to-Fiat Gateway XanPool Secures $4.3 Million Through Pre Series A Funding Round Led By OK Group

Hong Kong-based crypto-to-fiat gateway XanPool announced on Friday it secured $4.3 million through its Pre-Series A funding round, which was led by blockchain technology and service provider OK Group with participation from Hashkey and Gumi Cryptos. Founded in 2019, XanPool explained that its software allows… Read More

BlueVine Announces $75 Million Revolving Credit Facility

BlueVine, an online lender and Fintech bank, announced on Wednesday it has secured a $75 million revolving credit facility from funds managed by Atalaya Capital Management, a private credit and special opportunities investment manager based in New York. The company further revealed that it provided… Read More

U.S. Fintech Salaryo Raises $5.8 Million Through Latest Investment Round to Provide Financing Relief For SMEs Affected By the COVID-19 Pandemic

Salaryo, a U.S.-based fintech platform for freelancers and startups, announced on Wednesday it raised $5.8 million through its latest investment round, which was led by Variant Investments, Dubai-based private equity fund KEN Investments, Techstars Ventures, and Michael Ullmann’s investment group, bringing its total funding to $12 million. This… Read More

Dutch Fintech Ohpen Announces Acquisition of Cross-Border Loan & Mortgage SaaS Provider Davinci

Ohpen, an Amsterdam-based fintech, announced on Tuesday it has acquired cross-border loan and mortgage Software-as-a-Service (SaaS) provider, Davinci. Ohpen reported that the acquisition will allow it to address the $300 billion global bank IT spending market as it targets international expansion. “This acquisition is a testament… Read More

UK Fintech Zilch Secures $10 Million For Buy Now Pay Later Business

UK fintech Zilch announced on Thursday it secured $10 million through its latest funding round. Founded in 2018, Zilch offers a Buy Now Pay Later service that allows users to pay for a purchase in the course of six weeks without any fees or interest…. Read More

U.S. Fintech MX Rolls Out Open Finance Platform

U.S.-based money experience company MX announced on Wednesday it has launched MX Open, an open finance platform that was created to help financial institutions and fintechs create a personalized digital experience that gives customer access and control over financial data. MX Open includes the following… Read More

Ant Group Announces New Dates For Inaugural INCLUSION Fintech Conference

Ant Group announced on Wednesday new dates for the INCLUSION Fintech Conference, which will be September 24th to 26th. The event originally was set to take place in April 2020, but due to the COVID-19 pandemic, it was put on hold. According to Ant Group,… Read More

Mobile First Fintech Entersekt Teams Up With NuData Security to Roll Out Behavioral Analytics For Real-Time Risk Scoring

Entersekt, a mobile-first fintech solutions firm, announced on Wednesday it has teamed up with NuData Security to roll out behavioral analytics for real-time risk scoring. The company reported that the collaboration allows it to integrate the analytics solution, NuDetect, with the Entersekt Secure platform. According… Read More

Brazilian Fintech Neon Secures $300 Million Through Series C Funding Round Led By General Atlantic

  Neon Pagamentos, a Brazilian fintech, announced on Wednesday it secured $300 million through its Series C funding round, which was led by General Atlantic, a global growth equity firm, with participation from BlackRock, as well as Vulcan Capital, PayPal Ventures, and Endeavor Catalyst, in addition to former… Read More

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