SpotOn secures $60m Series C funding round from DST Global
The latest round puts SpotOn’s total raised at $190 million.
Investment & Funding
Trio of European start-ups raise fresh funding
Factris, KodyPay, and Swan all complete funding rounds this week.
Robinhood’s valuation continues climb with $460m funding
Robinhood it will use the funding to improve its customer experience.
What the Fintech? Episode 14 | In these VC streets
Martinez shares his insight on VC culture and the shift from Santander Innnoventures to Mauro Capital.
CloudMargin raises $15m Series B from Citi and Deutsche Bank
Investors say high market volatility has highlighted the need for such CloudMargin’s platform
Illimity and Banca Sella buy into each other for open banking venture
A flurry of share issuance, exchanges and buyouts as illimity nabs half of fintech firm Hype.
TrueLayer raises $25 million in Series C funding round
New injection brings TrueLayer’s total raised to $72 million.
Black-led UK challenger Atmen is raising half a million
The fintech will launch within six to eight weeks of closing its crowdfund.
Paytech Nuvei breaks Toronto Stock Exchange records with $700m IPO
The Montreal-based firm saw a surge in demand increase share prices from $20 to $45.
Competition concerns over fintech acquisitions
The CMA’s concern with mergers and acquisitions is to do with the potential impact on UK customers.
Video: Top fintech stories this week – 18 September 2020
FinTech Futures’ weekly news round-up.
FCA calls for input on retail investment sector “not working as it should”
UK regulator wants input on how better to regulate the sector.
US neobank Chime set to more than double in value to $15bn
The new valuation would pit Chime ahead of Brazilian neobank Nubank.
Klarna raises $650m funding at $10.6bn valuation
It has doubled its value which was previously set at $5.5 billion just over a year ago.
Ex-N26 employee lands $1.8m to launch ETF-linked checking account
“This is an everyday account, we don’t want you to risk your money,” says CEO.
Glint launches P2P service months after takeover saga
The gold wallet has launched a new service amid claims of a string of record months.
Chip breaks crowdfunding records to raise £10m in 48 hours
6,420 investors participated in funding backed by the Future Fund.
Santander spins out Innoventures successor Mouro Capital with $400m
The bank has doubled its investment into its VC arm.
Video: Top fintech stories this week – 11 September 2020
FinTech Futures’ weekly news round-up.
Thunes raises $60m in Series B round to power network expansion
Thunes plans to extend its reach in Asia, Africa, and Latin America.
Klarna set to nearly double valuation to $10bn
Klarna is looking to raise half a billion from a mixture of new and old investors.
Grab in talks for $300-500m AIA & Prudential investment
The up-to-$500-million target is to be spread over a number of rounds.
PSP fintech Mollie joins unicorn club with €90m Series B funding round
Mollie was bootstrapped until its first funding round last year.
Banking Technology September 2020 issue out now
Tipping point: Google vs Oracle showdown.
NextPay signals intent to fuel expansion with $100m raise
The Vietnamese payments firm is the first in its country to announce an IPO.
MarketFinance raises £50m to support CBILS “last minute dash”
Business lender plans to help applicants squeeze in before September deadline.
Neon raises $300m in Series C funding to offer underbanked credit
Brazilian challenger back secures Series C in same week as competitor Nubank.
Spanish lenders CaixaBank and Bankia mull €17bn merger
CaixaBank is about three times the size of Bankia.
Video: Top fintech stories this week – 04 September 2020
FinTech Futures’ weekly news round-up.
Brazilian challenger Nubank lands $300m
The raise was spotted in a SEC filing.
Swiss challenger Neon lands $5.5m, bags new investor in Helvetia
“The cooperation with Neon gives Helvetia the opportunity to access new customers.”
US payments start-up Finix lands $30m from Lightspeed & Amex
To date, Finix has raised $96 million in venture capital.
Spanish sustainability fintech Mitto to launch in UK next year
“Every payment counts and determines the world we live in.”
Video: Top fintech stories this week – 28 August 2020
FinTech Futures’ weekly news round-up.
US credit fintech for minorities Esusu lands £2.3m
More than 5,000 renters in the US have applied for Esusu.
Fronted lands seed investment from Monzo-backer Passion Capital
Fronted wants to help renters finance their rental deposits.
UK savings app Chip plans Series A on back of 2020 growth
Chip has seen a 138% savings growth compared to 2019.
ID start-up Socure lands $61m from Citi, Wells Fargo & MVB
The start-up was co-founded back in 2012.
Nasdaq proposes IPO alternative to raise funds
Nasdaq’s proposal to the SEC pushes for alternative routes to the public markets.
US challenger for teens Copper lands $4.3m
The start-up has built an advisory board of teens.
