FinTech Futures: Top five stories of the week – 14 April 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Investment & Funding
ICYMI fintech funding round-up: Next Gate Tech, Hakba and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US fintech funding round-up: Brassica, Martini.ai and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
Investment platform Altruist raises $112m in Series D funding
The new funding follows a previously undisclosed $110 million Series C round in November 2021.
PhonePe’s funding spree continues as it raises another $100m
PhonePe has received the new funding from returning investor General Atlantic.
US fintech Clear Street bags additional $270m in Series B funding
The new funding takes the firm’s total Series B to $435 million following an initial $165 million raise last year.
ClearBank sees income nearly triple to £58m in 2022
UK-based ClearBank is plotting its European expansion and expects to remain profitable through 2023.
ICYMI fintech funding round-up: Finanzguru, Spendflo & more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Malaysian fintech Soft Space raises $31.5m in Series B1 funding round
The Malaysian payments platform plans to boost its global expansion and further develop its tech.
South Africa’s Peach Payments lands $31m Series A funding
With the new investment, Peach Payments plans to expand across new markets in Africa.
How fintech start-ups are driving the ethical finance revolution
FinTech Futures chats with three ethical fintech firms operating in the UK.
TerraPay secures $100m in debt and equity funding to fuel global expansion
With the new funding, TerraPay plans to expand its services in Latin America and the MENA region.
DMI Finance bags $400m equity funding led by MUFG
Also taking part in the round was existing investor Sumitomo Mitsui Trust Bank.
Quantexa raises $129m Series E funding at $1.8bn valuation
The company will use the new capital to expand its global presence and hire more engineering staff.
Cartoon: Pivot
A new cartoon illustrating how consumer fintechs are having to constantly pivot to find product market fit.
US saving and investing app Acorns acquires UK’s GoHenry
Together, both firms will now serve over 6 million customers globally.
Compliance regtech Fourthline secures €50m in fresh funding
Finch Capital increased its stake in the company after having led Fourthline’s previous funding round.
India’s PhonePe calls off acquisition of BNPL firm ZestMoney
PhonePe was in talks to acquire ZestMoney for around $200 million to $300 million according to reports.
Banking Technology Magazine April 2023 issue out now
Cover story: TRANSFORMATION INTERVENTION – It’s never too late to recalibrate.
US fintech funding round-up: StellarFi, Stratyfy, Beam and more
A handy round-up of the recent funding endeavours of fintech companies across the US.
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sustainable investment fintech Clim8 shutters
Clim8 says it has been unable to secure further venture capital to fund the business.
What the FinTech? | S.4 Episode 5 | Levelling up UK fintech
In this episode of the podcast, we’re joined by Charlotte Crosswell, chair of the newly formed CFIT.
Mizuho and Line call off plans to launch mobile bank in Japan
Both firms say dissolution and liquidation proceedings of the mobile bank project will now go ahead.
ICYMI fintech funding round-up: Toku, Finverity, Lumiant and more
Our weekly fintech round-up for you to get the latest funding news from around the world.
Fraud and risk detection start-up Oscilar launches from stealth
The start-up has been self-funded by its co-founders, with $20 million in capital.
Climate-focused fintech for farmers Agreena lands €46m Series B funding
The fresh funding comes a year after the company raised €20 million in its Series A round.
New York fintech Spiral secures $28m Series A funding
The company will use the funding to launch its Impact-as-a-Service platform.
UK fintech Paytrix lands $18.3m in Series A funding round
The Series A follows a pre-seed funding round held last year, when it raised £5 million.
Syndicated loan platform Versana bags $40m in equity capital
Deutsche Bank, Morgan Stanley, US Bancorp and Wells Fargo have all invested capital.
Thunes bags $30m from Marshall Wace as part of Series C funding
The funding was disclosed in a recent filing with Singapore’s Accounting and Corporate Regulatory Authority.
Saudi National Bank chairman resigns following Credit Suisse losses
Saudi National Bank was the largest shareholder in Credit Suisse before it was taken over by UBS.
eToro raises $250m at $3.5bn valuation after nixing SPAC
The funding stems from an Advance Investment Agreement (AIA) which eToro entered into in February 2021.
FinTech Futures: Top five stories of the week – 24 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Indian lendtech Stashfin secures $100m in debt funding
The latest funding follows the company’s $270 million Series C round held in June last year.
German fintech Raisin lands €60m in Series E funding
With the new investment, Raisin intends to accelerate its growth in the US.
ICYMI fintech funding round-up: Wingspan, Monite, Fundpath and more
A handy round-up of the recent funding endeavours of fintech companies across the globe.
Spanish fintech ID Finance lands €30m equity funding
ID Finance claims its fundraise is the biggest received by a Spanish fintech in 2023.
UK fintech Snoop reportedly mulling sale
Sky News reports founder Jayne-Anne Gadhia is in talks to either raise new funds or potentially sell the business.
Singapore’s Kredivo Holdings secures $270m in Series D funding
Japanese banking giant Mizuho Bank led the funding round, contributing $125 million.
