Fintech funding round-up: 30 June 2017
A handy round-up of who’s investing in what in the fintech space. Featuring Revolut, Tango Card and ClauseMatch.
London-based travel card specialist Revolut is close to landing a £50 million funding round that will value the company at £300 million, according to Sky News. The round will be led by Index Ventures, which acquired an interest in Revolut last year. Silicon Valley investor Ribbit Capital is also said to be taking part.
Founded just two years ago, Revolut offers a prepaid international currency card, which can be loaded with funds via bank account transfer through an app. The company reportedly is on track to have one million customers by the end of 2017.
Seattle-based Tango Card, a provider of digital rewards and incentives to 2,000 corporate enterprise customers, has secured a $10 million investment facility from Silicon Valley’s Western Technology Investment.
Tango says it plans to use the funds to invest in its core rewards delivery platform, develop new products and accelerate expansion outside the US.
London-based ClauseMatch has raised £1.25 million in seed round. The investment was received from Speedinvest, an Austrian early-stage venture capital fund.
ClauseMatch, which provides Software-as-a-Service (SaaS) smart document management tech to banks, says the money will be used “for scaling its disruptive product globally in the regtech space”.
ClauseMatch is already working with Barclays, and is a graduate of the Techstars Barclays accelerator programme in 2014.
Techstars is among early investors in ClauseMatch, alongside SparkLabs Global Ventures; Tom Glocer, former CEO of Thomson Reuters; and Cristobal Conde, former CEO Sungard (now part of FIS).
