Tagged: investment

September 6, 2018 @ 1:00 pm By Samantha Hurst  |  

Canada-based point-of-sale financing and payment tech provider Flexiti announced on Thursday it has received an $80 million mezzanine debt facility from Credit Suisse Asset Management. This news comes just a few months after Flexiti acquired TD Financing Services’ (TDFS), a Canadian private label credit card portfolio. … Read More

August 30, 2018 @ 11:08 am By Samantha Hurst  |  

Pagaya Investments, a Fintech company in the asset management space, announced on Thursday it secured $14 million through its Series B funding round, which was co-led by Oak HC/FT and Harvey Golub. This news comes just six months after Pagaya received a $75 million in debt financing… Read More

August 29, 2018 @ 10:09 am By Samantha Hurst  |  

Terra, a price-stabled cryptocurrency that’s designed for mass adoption, has successfully secured $32 million through its seed funding round, which features investments from  Binance Labs, OKEx, Huobi Capital, and Dunamu & Partners.  Terra describes itself as a protocol of money that ensures price-stability by algorithmically… Read More

August 28, 2018 @ 3:13 pm By Samantha Hurst  |  

Paystack, an Africa-based payments platform, secured $8 million through its Series A funding round, which was led by Stripe, with participation from Visa, Tencent and Y Combinator. Founded in 2015, Paystack states that it helps Nigerian businesses accept Mastercard, Visa, and Verve cards from anyone, anywhere… Read More

August 28, 2018 @ 10:54 am By Samantha Hurst  |  

SoftBank’s Vision Fund is reportedly looking to invest $100 million into Chinese insurtech startup, ZhongAn. The upcoming investment comes just weeks after ZhongAn announced the launch of its new its Software-as-a-Service (SaaS) platform, ZhongAn Technology Intelligent Open Platform for Insurers. ZhongAn, which was launched by Ant Financial,… Read More

August 27, 2018 @ 4:04 pm By Samantha Hurst  |  

Berkshire Hathaway, a multinational conglomerate holding company that was founded by American business magnate, investor, speaker and philanthropist Warren Buffett, is reportedly set to buy a small stake in One97 Communications Ltd, the parent of mobile wallet service provider Paytm. According to India’s media outlet… Read More

August 26, 2018 @ 3:01 pm By Samantha Hurst  |  

Independent financial advisory organization, deVere Group, recently announced the launch of its investment mobile, deVere Core. According to deVere, the deVere Core app was created due to a “seismic shift in client expectations.” deVere Group founder and CEO, Nigel Green, stated that the new app is… Read More

August 24, 2018 @ 3:00 pm By Samantha Hurst  |  

CreditEase FinTech Investment Fund (CEFIF), the U.S.-based Fintech Fund of the Chinese fintech CreditEase, recently led $62 million Series C round investment for consumer credit platform, Upgrade. According to CreditEase, Upgrade, which was launched in 2016 by Renaud Laplanche, former co-founder of Lending Club and the… Read More

August 21, 2018 @ 11:10 am By Samantha Hurst  |  

Global investment platform, eToro, announced on Monday it has added IOTA, bringing the total number of cryptoassets available on the platform to 12. According to eToro, the cryptoasset aims to enable companies to explore and open up new business to business marketing opportunities by making every… Read More

August 16, 2018 @ 12:00 pm By Samantha Hurst  |  

Deposit Solutions, a Germany-based opening banking and international platform for savings deposits, announced on Wednesday it secured $100 million through its latest investment round, which was led by Vitruvian Partners with participation from Kinnevik and existing shareholders including Deposit Solutions‘ first institutional shareholder e.ventures. The funds reportedly bring… Read More

August 15, 2018 @ 12:52 pm By Samantha Hurst  |  

Singapore-based blockchain asset financial service provider and crypto exchange Huobi announced on Wednesday it has entered into a strategic partnership and invested in U.S.-compliant security token trading platform, OpenFinance Network. According to Huobi, the new partnership will introduce both platforms to new markets and allow collaboration… Read More

August 14, 2018 @ 4:37 pm By Samantha Hurst  |  

Progressa, a Vancouver-based financial technology company focused on helping sub-prime and near-prime Canadians seeking to improve their financial health, announced on Tuesday it secured $84 million through its latest equity funding round, which was led by Canaccord Genuity and Gravitas with participation from Eight Capital and Paradigm… Read More

August 9, 2018 @ 12:00 pm By Samantha Hurst  |  

Russian banking firm Sberbank announced on Thursday it is set to invest RUB 27 million in six start-ups, created by employees through its in-house accelerator program, Sber#Up. According to Sberbank, Sber#Up in-house accelerator is a program that offers all the banking group’s employees support to create their… Read More

August 7, 2018 @ 3:07 pm By Samantha Hurst  |  

Even Financial, the platform powering financial services online, announced on Tuesday it secured $25 million through its Series A funding round, which was led by GreatPoint Ventures with participation from Goldman Sachs, Canaan Partners, F-Prime Capital, Lerer Hippeau and notable investors, including NerdWallet co-founder Jacob Gibson and Jason Owen,… Read More

August 7, 2018 @ 1:06 pm By Samantha Hurst  |  

Credit card giant Visa (NYSE: V) announced on Tuesday it has invested and partnership with Israel startup Behalf to support small business growth through easy-to-access capital and financing. The company reported that this partnership and investment is part of its $100 million Visa FinTech Investment Program. Founded in… Read More

August 7, 2018 @ 12:36 pm By Samantha Hurst  |  

DriveWealth Holdings, Inc., a U.S.-based fintech company providing brokers, digital advisors, and mobile online financial services companies seamless access to the U.S. securities market, announced on Tuesday it has teamed up with Bambu, a global provider of robo-advisory technology, to launch a robo platform for registered… Read More

August 1, 2018 @ 11:34 am By Samantha Hurst  |  

Radar Relay, a U.S.-based cryptocurrency exchange, announced earlier this week it secured $10 million through its Series A funding round, which was led by Blockchain Capital, with participation from Digital Currency Group, Distributed Global, Elefund, and Tusk Ventures. Radar Relay notably facilitates wallet-to-wallet trading using an open… Read More

July 31, 2018 @ 3:40 pm By Samantha Hurst  |  

Commercial property investment marketplace CrowdStreet announced on Tuesday it secured $8 million through its Series B funding round to fuel its next stage of growth. The latest funding round was led by Grotech Ventures, with the continue participation from existing investors Rally Ventures, Seven Peaks… Read More

July 31, 2018 @ 8:00 am By Samantha Hurst  |  

Online lender BlueVine announced on Tuesday it secured $12 million from new investors, M12, Microsoft’s venture fund, and the venture arm of insurance and financial services provider, Nationwide. According to BlueVine, the additional funding announcement comes eight weeks after the lender reported it had raised $60 million… Read More

July 30, 2018 @ 9:13 am By Samantha Hurst  |  

TransferMate, an Ireland-based cross-border B2B payments technology solution, announced over the weekend it secured a €21 million investment from European bank ING Group N.V. As part of the investment, ING reportedly received a small minority equity stake in Transfermate. TransferMate also revealed that as part of the… Read More