ICYMI fintech funding round-up: Stubben Edge, Elementaryb and Bud
At FinTech Futures, we know that it can be easy to let funding announcements slip you by in this fast-paced industry. That’s why we put together our weekly In Case You Missed It (ICYMI) funding round-up for you to get the latest funding news.
UK-based fintech Stubben Edge Group has secured an additional £5.6 million in funding at a pre-money valuation of £175 million, a 75% uplift from its previous fundraise.
Stubbern Edge lands £5.6 million
To date, Stubben Edge has raised over £20 million from family offices, angels, institutional and other high-net-worth investors.
Stubben Edge offers an end-to-end platform for business insurance and other financial services and aims to help brokers and Independent Financial Advisers (IFAs) digitise their businesses.
The firm has developed a distribution portal for IFAs, brokers and Appointed Representatives (ARs) looking to expand their operations.
With the new funding, it plans to further build out its systems and technology.
Fintech start-up Elementaryb has closed a $600,000 pre-seed funding round.
The firm’s main offering, Sherloc, is said to be the world’s first intelligence-driven financial marketplace made to optimise the financial operations of small and medium-sized enterprises (SMEs).
Elementaryb aims to offer a customer-focused and integrated financial risk management platform, allowing businesses to gauge their performance and health, make forecasts and enable clients and advisors to view and understand their financial outlooks.
Open banking and data intelligence firm Bud Financial has received an undisclosed strategic investment from TransUnion.
Bud receives investment from TransUnion
Satrajit Saha, UK CEO of TransUnion, says the partnership will enable the company to grow its open banking offering and jointly develop the “next generation of credit, affordability and fraud solutions”.
Headquartered in the UK, Bud helps its clients to turn complicated financial data into services that accelerate growth.
Bud’s platform provides personal financial management services and helps companies enhance the customer onboarding experience. Its aggregation and categorisation capabilities also enable lending through income and employment verification, affordability assessments and ongoing transaction monitoring.
