Tagged: fintech

Chinese Fintech WeLab Secures $156 Million Through Series C Financing Round

Chinese fintech WeLab announced on Thursday it secured $156 million through its Series C funding round. According to WeLab, the investment attracted new investors, as well as five existing investors including Alibaba Hong Kong Entrepreneurs Fund and China Construction Bank. Founded in 2013, WeLab claims… Read More

U.S. Fintech Brex Secures $200 Million Through Debt Capital Raise

Fintech

U.S. fintech Brex announced on Wednesday it secured $200 million through its latest debt capital raise to continue the rapid expansion of its e-commerce product. The capital reportedly comes in the form of a warehouse line of credit from Credit Suisse, backed by Brex’s corporate… Read More

Global Payments Tech Provider Nuvei Secures $270 Million Through Equity Financing; Brings Valuation to $2 Billion

Nuvei, a global payment technology provider based in Canada, announced on Wednesday it secured $270 million in common equity financing, valuing the company at $2 billion. Nuvei reported that the investment comes primarily from its existing shareholders, which includes Canadian private equity firm Novacap, supported… Read More

Visa Partners With MFS Africa To Bring Digital Payments to More Consumers & Businesses Across Africa

Visa announced on Wednesday it is teaming up with pan-African fintech MFS Africa to help bring digital payments to more consumers and businesses throughout Africa. The duo reported that MFS Africa, which connects through one API more than 180 million mobile wallets on the continent,… Read More

Global Fintech InvestCloud Launches App “PersonaTech” to Create Personal Digital Experiences For Wealth Management Clients

Courtesy ptmoney.com

Global fintech InvestCloud announced on Tuesday it has launched a new app, Personatech, to create a personal digital experience for wealth management clients. According to InvestCloud, the new app will enable any wealth manager to have the ability to create personas for each client. “PersonaTech… Read More

Broadridge Closes $750 Million Senior Notes Offering

U.S.-based fintech Broadridge Financial Solutions announced on Monday it has closed its offering of $750 million aggregate principal amount of 2.900% senior notes due 2029. According to Broadridge, J.P. Morgan Securities LLC, BofA Securities, Inc., Morgan Stanley & Co. LLC, Wells Fargo Securities, LLC, Barclays Capital… Read More

AccessFintech Partners With Citi, Credit Suisse, Goldman Sachs, & JP Morgan For Global Data Network Utilization

Fintech

AccessFintech, a UK-based fintech firm, announced on Monday it has formed a partnership with Citi, Credit Suisse, Goldman Sachs and JP Morgan. According to AccessFintech, Citi, Credit Suisse, Goldman Sachs, and J.P. Morgan have jointly launched a collaboration workflow utilizing the network to focus on… Read More

Starling Bank Adds First Legal Services Partner to Business Marketplace

UK-based digital banking platform Starling Bank announced on Monday it has added its first legal services partner, Sparqa Legal, to its business marketplace. According to Starling, the partnership will bring affordable legal services to the marketplace’s 88,000 small business customers. “Starling Business Account holders can… Read More

Canadian Fintech FlexPay Secures $6 Million Through Latest Investment Round Led By Impression Ventures

FlexPay, a Canada-based fintech that uses AI and machine learning to help merchants recover lost revenues from declined transactions, announced on Monday it secured $6 million through its latest investment round, which was led by Impression Ventures with participation from BMO Capital Partners and Anges… Read More

PayPal Surpasses $100 Million in Donations During GivingTuesday 2019

Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that… Read More

Chime Reportedly Secures $500 Million Through Series E Investment Round; Now Valued At $5.8 Billion

Chime, a U.S.-based app-only bank, has reportedly secured $500 million through its Series E funding round, bringing Chime’s valuation to $5.8 billion. The investment comes less than a year after Chime raised $200 million through its previous round when it was valued at $1.5 billion…. Read More

UK Fintech Startup Currensea Set to Close Seedrs Round With More Than £865,000 in Funding

Currensea, a UK-based fintech that specializes in creating travel debit cards, is set to close its equity crowdfunding campaign on Seedrs with more than £865,000 secured. The company, which launched the campaign last month, sought to raise a minimum of £800,000. It is offering 7.40%… Read More

Tink Announces Launch in Italy & Portugal

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Thursday it has launched its service in both Italy and Portugal. As previously reported, Tink provides partners ranging from big banks to individual developers with the technology to securely access financial… Read More

Plug and Play Japan Picks Nearly 100 Domestic/Overseas Startups For Winter/Spring 2020 Batch

Plug and Play Japan KK announced on Wednesday it has selected 94 startups in six verticals (IoT, Fintech, Insurtech, Mobility, Brand & Retail and Hardtech & Health ) with 36 large domestic corporate companies for the Winter/Spring 2020 Batch acceleration program, which will be carried out… Read More

Ping An Completes First Venture Investment in India

Ping An Insurance Group announced on Thursday that Ping An Global Voyager Fund, its overseas investment arm, has led a $70 million Series D in Indian auto technology company CarDekho, alongside Sequoia Capital and Hillhouse Capital. Ping An reported that this is its first venture investment… Read More

Digital Bank Revolut Partners With Smart Pension to Offer Business Pensions Functionalities

Digital bank Revolut announced on Thursday it has teamed up with authorized by the pensions regulator, Smart Pension, to launch its new business pension offering. Users will now be able to set up their business accounts and pension auto-enrolment within minutes through this collaboration. “When… Read More

Robinhood Milestone: More Than 10 Million Users Have Signed Up For Accounts

U.S. fintech Robinhood announced on Wednesday more than 10 million people have signed up for accounts on its platform. Publicly launched in 2015, Robinhood is notably on a mission to democratize our financial system. The company offers commission-free trading through on e platform. “Trading in… Read More

Virgin Money Set to Launch New Current Account By the End of 2019

Virgin Money, a financial firm under Virgin that offers savings, mortgages, credit cards, current accounts, currency services, pension, investments, and protection products to customers across the UK, recently announced it is set to launch its current account by the end of 2019. Virgin Money reported… Read More

Update: Oval Money Set to Close Seedrs Funding Round With More Than £1.2 Million Secured

Less than two weeks after launching its latest equity crowdfunding campaign on Seedrs, European automated saving and crowd investing marketplace Oval Money is set to close the funding round with more than £1.2 million raised. The company, which secured £626,310 through its Crowdcube campaign in… Read More

Canadian Neobank Koho’s Series B Funding Round Secures Additional $25 Million

Koho, a neobank that offers Canadians an alternative to traditional banking, announced this week its Series B funding round, which received $42 million and was led by Portag3 Ventures earlier this year, secured an additional $25 million from Drive Capital and National Bank of Canada. … Read More

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