Bnext becomes first fintech in Spain to raise a $25m Series A, plans LatAm expansion
The round was led by DN Capital, Redalpine and Speedinvest.
Investment & Funding
SMB expenses start-up DiviPay raises $2.3m in round led by ANZ Bank
The fintech has created a virtual credit card.
Rapyd secures $100m in funding to bolster “fintech-as-a-service”
Oak HC/FT, Tiger Global, Stripe and more get involved in funding round.
Will Smith and Kevin Durant part of $20m investment in Mercury
The bank launched in April this year.
SEC introduces new rule to boost ETF competition
US regulator hopes to break open a market dominated by large players.
Moneyfarm raises £36m, launches wealth management partnership with Poste Italiane
Moneyfarm aims to build “a more financially secure future”.
Summer raises $10m to “democratise” student loan advice
The fintech is gearing up to support 120 loan forgiveness programs.
Challenger banks in India: who’s who and what’s their tech
A comprehensive list of Indian challenger banks and banking services, and the tech they are using.
Mobile finance fintech Channel VAS lands $54m investment
Investors see potential in Africa’s “growing yet underpenetrated mobile airtime market.”
Start-up to democritise Mexican banking raises largest funding round in country’s history
The investment is $7.5 million in equity and $50 million in debt.
Sibos 2019: IBM’s initiative for social good
AI to combat social issues is “not philanthropy”, but rather an initiative.
Fundbox raises $176m from Allianz X and GMO Internet
Fundbox can offer businesses greater cash flow predictability.
Nationwide invests in BankiFi to boost new business current account
Nationwide has invested in BankiFi using its £50 million fund.
Deutsche Bank turns German fintech Deposit Solutions into unicorn
The bank bought a 4.9% stake in the fintech.
Latitude Financial preps $2.5bn IPO
It will be the largest IPO in the country since 2014.
Banking Circle calls for financial inclusion for SMEs
The paper explores how to bring barriers down for small players.
Stripe hits $35 billion valuation on back of fresh funding
Stripe’s value has increased 56% since the start of 2019.
Barclays and JP Morgan Chase invest in TouchBistro
TouchBistro leads “a technology renaissance” for restaurants.
Cybersecurity firm Acronis becomes unicorn with $147m investment
The funding round was led by Goldman Sachs.
Digital Reasoning reveals $40m funding round and Standard Chartered partnership
Digital Reasoning uses AI to understand human communication
AI analytics platform FinTech Studios raises $5.1m
The company uses AI, NLP and ML to aid decision making.
JP Morgan and Societe Generale invest in trader fintech Wematch
Wematch is changing the way voice-traded financial markets operate.
Greenlight raises $54m to release debit card for kids
Greenlight’s app can monitor children’s spending and set savings goals.
Nationwide invests in digital lettings agency Bunk
The investment will help Nationwide’s campaign to improve the rental market.
Gen Z fintech Mitto raises $2m in seed funding
Mitto offers parents insights into their children’s ‘purchasing’ profile.
Bud lays off 20% of its staff
One source says that majority of employees let go were in its marketing department.
Plaid reveals strategic investments from Mastercard and Visa
Plaid says there’s opportunity to align with Visa and Mastercard.
Insurtech Broker Buddha raises $4.5m in round led by Vertex Ventures
Vertex Ventures says Broker Buddha is “driving significant industry change”.
Ping An Global Voyager Fund and Raisin invest in Joonko
The seed round raised €10 million.
TreasurySpring raises £2m to develop core technology
TreasurySpring experienced three-times the expected subscription.
Data-cleaning platform Trifacta raises $100m
The funding round will open untapped industries to Trifacta.
Digital Nigerian bank Kuda raises $1.6m in pre-seed funding
Kuda is the first digital-only bank in Nigeria.
Max Levchin’s pay later Affirm said to be raising $1.5bn
The main investor is supposedly known as a warehouse facility.
Element AI raises CAD 200m in Series B funding round
Element AI has raised CAD 340 million in total so far.
Italian fintech Young Platform raises €787,000 from 751 investors
‘Crypto made easy’ platform attracts Italian and British investors.
Northmill receives banking licence from Swedish Authority
The neobank says it’s had a “constructive dialogue” with the SFSA
Tel-Aviv based Kovrr raises $5.5m
The new funding will accelerate the company’s global expansion plans.
Spendesk raises €35m in Series B funding
The French company plans new offices in London and Berlin.
AI firm Syte eyes global expansion with $21.5m funding
The company will branch into visual AI-powered personalisation.
PrimaryBid closes £7 million funding round to fuel expansion
It will use the funds to expand its sales and marketing efforts and IT developments.
