Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Investment, Asset & Fund Management
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
FinMkt closes $5m Series B
It provides highly customisable tech for the online lending industry.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ScaleFactor closes $60m Series C funding round
The platform has since raised $100m in 12 months.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Fraud fighting platform secures additional $2.5m funding
Eftsure will be expanding the product suite to cover international payment verification.
Klarna bags $460m equity funding
It’s now the most valuable EU fintech with a valuation of $5.5 billion.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
Judo bank breaks Aussie record with $400m round
90% of previous investors took part in the second funding round.
Capital Markets Elite Group picks ERI’s Olympic core banking system
It will run all of its brokerage and wealth management operations.
Supply@ME picks SIA’s blockchain to host new fintech platform
The cross-border platform will optimise companies’ working capital.
Gatsby gets $1.5m funding for social trading
The platform is onboarding users gradually.
Bambu raises $10m to grow global team
The robo-advisory start-up will use it to offer more products.
MeDirect chooses Crealogix for digital investment platform
The platform saw a successful launch in Belgium.
StashAway snaps up $12m in Series B funding
Its latest round brings the total funds raised to date to $20.4 million.
Top fintech stories this week – 26 July 2019
Catch up on FinTech Futures’ top five stories this week!
Mbanq backs Arival Bank by acquiring shares
Arival also has its sights set on a Series A round of $10 million later this year
Robinhood raises $323 million in Series E funding
The new round of funding values the company at $7.6 billion.
Zeta eyes global expansion with Series C investment
The investment came from Sodexo at a valuation of $300 million.
Atom Bank raises £50m
Neil Woodford’s fund has announced its first major investment since the shuttering of its flagship vehicle last month.
PayMate raises series D to accelerate growth
The Indian B2B paytech raises money for domestic and international growth.
FNZ acquires wealth management software firm JHC
The combined group will take JHC’s solutions into new territories.
Angels Den Funding selects Lemon Way for UK payments
The paytech won the bid following a tough competitive analysis.
Equistone acquires Moody’s Analytic Knowledge Services
The existing management team will remain in place.
FNZ acquires German investech Ebase for €154m
Ebase was previously owned by Comdirect Bank
ADGM issues robo-advisor regulatory framework
Fairness, accountability and transparency are key principles.
Blockpass enters Hong Kong broker market with 2GoTrade
The partnership is a first for the ID verification provider.
Jumio solves BTG Pactual’s digital ID check challenge
AI solution overcomes the difficulties of verifying Brazilian ID.
Turing Technology completes second funding round
Following the release of CryptoMood, an AI market data analysis tool.
TreasurySpring launches Fixed-Term Fund platform
The platform provides a digital pipeline for the wholesale money markets.
Banking Technology July/August 2019 issue out now
Drawing the curtains on a bright tomorrow.
Blockchain firm Saga picks FIS for treasury management
Deloitte helped Saga pick its supplier.
Wealthtech Jacobi raised $7.5m for EU expansion
The Australian firm recently partnered with JANA Investment Advisers.
BTG Pactual and Dalma Capital adopt Tezos for STOs
The Latin American investment bank launched ReitBZ STO earlier this year.
ABN AMRO launches mobile wealth management app
Kendu’s core banking is managed by Sopra Banking Software.
