Drata doubles valuation to $2bn following $200m Series C
The round was led by ICONIQ Growth and GGV Capital with institutional and individual investors participating.
Investment & Funding
Sunbit lands $250m debt facility to expand access to credit
The revolving debt facility is being provided by Credit Suisse and Waterfall Asset Management.
Singapore’s Osome raises $25m in Series B funding
The start-up uses machine learning to help businesses automate accounting, payroll and tax reporting.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
SME challenger bank Allica bags £100m Series C funding
Allica says the cash will allow it to “scale rapidly and accelerate its disruptive impact in the UK SME market”.
Indian lendtech KreditBee bags $80m in Series D funding round
KreditBee says it will use the fresh funds to diversify its product offering and strengthen its tech stack.
US fintech Teampay secures $47m in Series B funding
The fresh funding brings Teampay’s total capital raised to $65 million.
ICYMI fintech funding round-up: Buckzy, FrankieOne and Ejara
A handy round-up of the recent funding endeavours of fintech companies across the globe.
US challenger bank Greenwood secures $45m funding
The latest round brings the total capital raised by the challenger to $88 million to date.
Israel’s Shield bags $20m in Series B funding
Shield plans to boost its growth in existing markets and expand into new ones, including the US.
UK and Singapore strengthen fintech ties
The two countries signed an MoU to remove regulatory barriers to fintech trade.
Freedom Bank of Virginia partners Autobooks for new digital invoicing solution
The bank’s business clients can now generate professional invoices with an integrated ‘pay now’ button.
UK’s ClearBank hits profitability as revenues soar
The firm says it has generated £45.4 million in revenue since the beginning of this year.
US SME banking platform Novo bags $35m in Series B extension
The new cash takes its total Series B funding to $125m following a $90m raise earlier this year.
ICYMI fintech funding round-up: Atoa, Djamo, Flourish, Hardbacon & Nine25
A handy round-up of this week’s fintech funding news from around the world.
Atom Bank lands £30m funding to boost lending and fuel growth
The new cash means the Durham-based challenger bank has now raised £105 million over 2022.
Danish fintech Pleo hires Meri Williams as new CTO
Williams was formerly CTO at Monzo where they helped scale the engineering and data team by 500%.
Spanish employee benefits platform Cobee raises €40m Series B
Cobee plans to expand throughout southern Europe and into Latin America, particularly Mexico.
US fintech GloriFi to shut down amid “a series of financial challenges”
The firm launched its app in September offering checking and savings accounts.
Featurespace bags funding from US, UK govs to build new financial crime detection solution
Featurespace is developing an AI-powered system to help banks and PSPs detect financial crime.
SaaS start-up Taktile lands $20m to boost US expansion
The firm claims it has seen “rapid growth” in the US and has tripled its revenues over the last 12 months.
Q&A with Griffin: “We’ve built a purpose-built bank just for fintechs”
FinTech Futures speaks with Griffin’s CCO Adam Moulson about the company’s growth.
ADDX sells stake in digital asset platform CYBAVO to fintech Circle
The deal was signed in June and concluded in July, as part of Circle’s acquisition of CYBAVO earlier this year.
Hong Kong’s WeLab considers new funding round
According to Bloomberg, the fintech firm is valued at around $2 billion.
UK fintech funding round-up: Banked, Boodil and AGAM
A handy round-up of the recent funding endeavours of fintech companies, this week, based in the UK.
Private market exchange ADDX bags $20m in expanded pre-Series B
The latest equity round brings total funds raised by ADDX since 2017 to around $140 million.
WeGift bags £26m in Series B funding
The funds will be used towards WeGift’s growth, key hires, and adding new features.
UAE investment fintech Baraka lands $20m Series A
The start-up offers investors access to more than 6,000 US stocks and ETFs.
Fintech mortgage lender Gen H secures £600m partnership with The Nottingham
The funding will enable Gen H to speed up the rollout of its mortgage products.
Indian lendtech start-up Lentra raises $60m in Series B round
The money will go towards Lentra’s international expansion and acquisitions.
Egypt’s Banque Misr lands $160m from the African Development Bank to finance SMEs
The loan consists of a $130m credit facility and $30m from the Africa Growing Together Fund (AGTF).
Travel BNPL fintech Fly Now Pay Later hires Georgios Gionis as CPO
AT FNPL, Gionis will be tasked with expanding the product offering at the firm, building out its R&D arm.
Financial wellbeing platform Brightside raises $33m in Series B funding
The firm says it will use the fresh funding to enhance its platform and fuel its growth.
FinTech Futures: Top five stories of the week – 11 November 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Egyptian consumer credit start-up Blnk lands $32m in funding
Blnk’s lending platform enables merchants to underwrite and finance customers’ purchases at the point of sale.
ICYMI fintech funding round-up: Ping, Agent IQ, Atlar and more
A handy round-up of this week’s fintech funding news from around the world.
Mexican fintech start-up Mendel bags $60m in fresh funding
Mendel will use the new funds to boost the growth of its corporate expense management platform.
Blockchain intel firm TRM Labs scores $70m expanded Series B
TRM will use the cash to invest in product development and new hires to meet growing demand for its services.
Centre for Finance, Innovation and Technology launches to support UK fintech
The CFIT will be chaired by Charlotte Crosswell, a former CEO of both Innovate Finance and Nasdaq NLX.
Crypto infrastructure start-up Ramp raises $70m in Series B round
The Series B follows Ramp’s $52.7 million Series A round in December 2021.
