AI-powered insurtech Concirrus closes £5m funding
London-based company brings total raised to £12 million.
Investment & Funding
Nummo closes $1.9m funding and sets up Advisory Council
The PFM firm aims to expand its offering.
Fintech Bread lands $60m funding
Bread’s revenue has increased fivefold so far this year.
Scottish fintech Butterwire gets a smooth cut of funding
Reaching 150% of its crowdfunding goal.
Crowdfunding platform Indiegogo turns to Onfido for ID verification tech
Onfido will help crowdfunding platform Indiegogo fight fraud.
Credit scoring firm Cortera lands $10m funding
B2B credit scoring company Cortera has landed $10 million in funding,
Latvian lending start-up Nordigen secures $800k funding
Gets investment from Seedcamp and Inventure.
Indian lending start-up Qbera gets $3m funding
Essel Group and its E-City Ventures are the backers.
Virtual money assistant Cleo really gets $10m funding
The “Siri of personal finance” speaks about its Series A investment.
Investment platform Primary Bid gets £2m funding
UK firm bids for European expansion.
ING invests €7.5m in open banking ace Cobase
Dutch firm Cobase wants to expand beyond Europe.
ING invests £5m in UK lendtech Funding Options
Dutch bank also takes minority stake in the SME lending marketplace.
Divido keeps it together with $15m funding
Aims to expand to ten more countries before the end of 2019.
No mystery as BB&T invests $5m in data firm Enigma
This is BB&T’s first outlay of its $50m fintech commitment.
UiPath raises $225m for AI and RPA solutions
Series C led by CapitalG and Sequoia Capital.
Insurtech Setoo set to woo with €8m funding
Main investor in Series A round is Kamet, AXA’s insurtech start-up studio.
France Swave-s hello at UK fintech jobs
Government-backed tech incubator Swave employs seduction techniques.
Goldman Sachs leads $52m funding round for JUMO
Goldman Sachs, Proparco and Finnfund come on board as JUMO’s new investors.
UK banking tech firm Cennox gets £24m funding from RBS and NatWest
Surrey-headquartered firm plans more staff and acquisitions.
How banks and disruptive fintech start-ups can create new economic models
Start-ups want to create valuable new products cost effectively and in a spirit of openness and mutuality.
UK’s Nationwide targets £4.1bn tech investment
Adds another £1.3 billion to its five-year plan.
Ribbit Capital to raise $420m fintech fund
Prior investments include Coinbase, Nubank, Revolut and Robinhood.
KPMG takes stake in credit scorer AdviceRobo
KPMG says it will add AI-based predictive behavioural models to its services for lenders.
SimpleFinance raises $15m supported by SBI Group
It’s SBI’s largest minority investment to date in a Russian company.
Infographic: 11 of the biggest ICO ROIs of 2018
“All the following tokens and currencies were merely a blip on the radar last year.”
Indian digital lender Kissht brings in $30m funding
The round was led by Vertex Ventures and Sistema Asia Fund.
Sovereign Capital takes control of Asset Control
UK private equity firm invests in financial data management solutions provider.
Fintech W.UP gets new president and investor
Former chief digital officer of Finastra will help “international banks get ahead of digital-native rivals”.
Fintech Valley Vizag and Bizofit launch $1m start-up challenge
Roadshows planned in seven cities across the globe.
Fraud detector Ravelin reels in £8m funding
Series B round led by BlackFin Capital Partners.
Abu Dhabi regulator tightens up funding rules
ADGM also teams with Beijing-based firm for Belt and Road initiative.
Bezos and Gates back Wagestream’s £4.5m funding round
Start-up launches “get-paid-as-you-go” service in UK.
Baltimore in awe as Facet Wealth scores $33m funding
US wealthtech plans to expand its personal financial planning platform.
Case study: Live Oak Bank and Finxact – riding the second wave
The US, in particular, is in urgent need of new core offerings to support next generation digital banking.
The power of the crowd: why blockchain could be the answer to the broken VC model
While VC funding may be slowing, ICOs and equity crowdfunding platforms harnessing blockchain have risen dramatically.
Top fintech stories this week – 7 September 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ABN Amro and allies invest €14m in CrossLend
Digital lending platform also gets money from Earlybird and solarisBank.
South African paytech Yoco raises $16m funding
Round led by Partech with participation from Orange Digital Ventures.
UK lender Acorn OakNorth raises $100m in funding
Aiming to reach $5 billion on its lending platform.
UK challenger bank Monese eases into $60m funding
Pushing ahead with its mobile banking plans across Europe.
