Temasek favouring fintech investment over US banks
Singapore-based firm sees it as a more profitable industry.
Investment & Funding
Fosun feeds $5m to Israeli fintech platform The Floor
This marks Fosun’s second investment in Israel.
Open banking platform Deposit Solutions gets $100m funding
Round led by private equity firm Vitruvian Partners.
Fintech journalist seeks £1m funding to stay in London
“Everyone else is getting funding. So why not me.”
Goldman Sachs leads Axoni’s $32m funding round
Blockchain technology firm basks in Series B round.
Australian lendtech Tic:Toc rocks up $11.5m funding
Start-up making progress with digital home loan platform.
Overstock’s blockchain subsidiary bags $270m funding
Chinese private equity firm GSR Capital sees a hero in tZero.
EY finds $1bn for fintech foraging
Investment plans in cyber, risk management and cloud-based tech.
Nigerian digital credit platform Mines secures $13m funding
Looking for growth in Africa and new staff.
Idea incubator Pioneer calls for ambitious outsiders
“Apply with any project you need help with.”
Paytech ClickSwitch gets $3.5m funding
US-based automated account switching solution is switched on.
Blockchain record-tracker Factom gets $6m investment
FastForward Innovations shows interest in blockchain record-tracking company.
JP Morgan sets up lab for financial inclusion in India
A $9.5m initiative for early-stage firms.
BBVA’s VC fund leads $9m funding round in finserv Steady
New funds will be used to launch additional product lines.
Visa invests in Behalf for SME financing push
All part of Visa’s commitment to invest up to $100m in fintech.
Australian SME lender Skippr closes $16m funding round
Financing start-up sends message of reassurance.
Quebec goes on tech quest with $6m fund
Plans to invest in 20 to 25 firms.
Wonga raises $13m in new funding
Accel Partners and Balderton Capital pitched in to help UK-based payday lender.
SoftBank mulls stake in insurtech wefox
Bank’s Vision Fund on the prowl again.
Prudential Singapore calls for fintech scale-ups
Second edition tackles mix of fintech, insurtech, healthtech and medtech.
From Zopa to bank with new £44m funding
Zopa is moving from P2P lending to banking and savings.
How to organise a successful funding round for your start-up
Lessons learned from Penta’s CEO and co-founder following its €2.2 million seed round.
Big data start-up Quantexa raises $20m for big plans
Series B funding round led by Dawn Capital.
Australian challenger bank Judo Capital gets $140m funding
SME plans are on Judo’s hip pocket.
UK’s Nationwide invests in AI regtech Hazy
The second investment in its £50 million Venturing Fund.
Paytech Gusto brings in $140m funding
Payroll, benefits, and HR platform now valued at almost $2 billion.
Microsoft and Nationwide invest $12m in SME lender BlueVine
Takes the company’s total funding to $590 million. Ye gods!
Barclays and JP Morgan lead $14m funding in Cloud9
Cloud9 will speed up roll-out of its SaaS-based voice communications platform.
UK leads the way with record $16bn fintech investment
KPMG report highlights state of affairs in UK and Europe.
Legal & General invests £3m in lendtech Smartr365
UK Software-as-a-Service company gets a cash boost.
Fintech infrastructure firm C88 gets $28m funding
Funding round led by Experian, alongside many other investors.
TransferMate finds €21m investment mate in ING
They want more SME customers and corporate clients.
CloudTrade secures £2m investment from Calculus Capital
Cloud-based docs are finally in demand.
UK regulator clamps down on crowdfunding
Financial Conduct Authority proposes changes to rules and calls for feedback.
Top fintech stories this week – 27 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Payments firm Flywire flying with $100m funding
Singapore investment firm Temasek led the Series D round.
Tally ho! Debt management app gets $25m funding
Series B funding led by Kleiner Perkins.
FinAccel’s payment app Kredivo raises $30m
Jakarta-based firm plans expansion in Southeast Asia.
Credit Suisse unveils $261m fintech fund
Its NEXT Investors team will be looking for the next group of firms to invest in.
Crypto lender BlockFi gets $52.5m investment
From Mike Novogratz’s investment firm, Galaxy Digital.
