Top fintech stories this week – 24 May 2019
TransferWise just became even bigger, Nuvei Bidco acquires SafeCharge, and more!
Investment & Funding
Modulr completes scale-up investment round of £14m
Taking the total amount raised by Modulr to £24 million.
Student digital current account Loot enters administration
The fintech collapsed after a sale to RBS fell through.
Card issuing platform Marqeta goes to Series E with $260m
This puts the company’s valuation at nearly $2 billion.
TransferWise doubles its valuation to $3.5bn
International payments firm raised $292 million in secondary funding.
Conversational AI firm Clinc raises $52m
The Series B round brings the Ann Arbor, Michigan-based fintech’s total capital to $60 million.
DevOps firm CloudBees gets capital injection from HSBC
HSBC uses CloudBees Core platform for its software delivery system.
Wagestream raises £40m for “get-paid-as-you-earn” service
It is the UK’s largest pool of social impact investment.
Lloyds announces new digital tech hub in Edinburgh
Plan will create 500 high-skilled jobs over next 18 months.
Facebook eyes payments market with new Swiss fintech
Social network has registered the company in Geneva.
Video: fintech news weekly round-up – 20 May 2019
Fintech investments, and how Brits use fintech services!
Major banks pledge $50m to develop digital cash settlement system
The names of the banks have not been disclosed.
Swedish fintech Minna Tech receives €5.6m funding
The subscription management tech now aims to make customer experience easier.
OpenFin raises $17m for financial desktop innovation
This brings OpenFin’s total funding to $40m.
Swedbank to acquire Vilnius’ Barclays Operations Centre in Lithuania
Banks are planning to complete this transaction by 1 July 2019.
Singapore-based challenger YouTrip scores $25.5m funding
It will use the funding for international expansion.
ABN AMRO joins investors helping Tealium target global expansion
Tealium’s AudienceStream platform connects customer data in one place.
FintechOS raises $1.2m to expand internationally
The round brings the company’s total funding to $3 million.
Top fintech stories this week – 17 May 2019
SoftBank’s big investment, as well as BCR’s pool B… and more!
Quotevine wins £2.2m in funding
The UK-based firm provides asset and automotive finance solutions.
Fintech start-ups invited to join Suncorp’s Digital Incubator Programme
Participants get three months to develop their ideas with Suncorp.
Citi backs ChartIQ’s desktop integration technology
Undisclosed investment adds to $17.4 million Series B round.
KOHO closes $42m for alternative fintech
Led by Portag3, who supported its Series A.
The ID Co. lands $2m
Bringing its total funding to $11 million.
MasterQueue closes first round of funding
The amount of the investment is undisclosed.
German wealthtech Elinvar gets Goldman Sachs injection
The digital platform for asset and wealth managers wants to expand throughout Europe.
KYC firm 4Stop raises $2.5m for fight against fraud
The Series A was led by Ventech.
UK is fintech world leader with £4.5bn investment in three years
The country is also fourth in the world for overall scaleup investment.
SoftBank invests $800m into UK fintech Greensill
It puts Greensill’s valuation at $3.5bn.
ClickSwitch simplifies recurring payments with $13m funding
The Series B was led by Commerce Ventures and Point72 Ventures.
Nationwide, Investec and Co-op Bank share £80 million BCR grant pool
All three commit to modernise and improve business banking for SMEs.
Swedish refinancing start-up Anyfin eyes European expansion with €8m investment
The extended Series A round brings total investment to €13.3 million.
Business card management platform Pleo raises $56m
It follows last year’s $16m Series A.
Scale Insights moves to the UK following investment from Nationwide
The Canadian firm will use the undisclosed investment to analyse speech patterns.
Manchester: the “only logical choice” outside London for Europe’s fastest growing fintech
UK’s Northern Powerhouse will be supported by the success of Manchester.
Flagstone gains £11m of capital injection for market expansion
Backers include Kindred Capital, Moneysupermarket Group, and VentureFounders.
Orange joins Raisin’s €100m Series D investment round
Orange has key mobile financial services initiatives in Europe and Africa.
Australian challenger 86 400 seeks more funding
Funding is needed to grow, the bank says.
Credit and payments app Twisto raises €14m
As it tries to expand throughout Central and Eastern Europe.
Five imperatives to help you scale your fintech
Practical advice for any fintech wanting to accelerate growth.
