Chinese insurtech Waterdrop raises $230m & plans US IPO
Known as Shuidihuzhu in China, its Series D round was led by Swiss Re and Tencent.
Investment & Funding
Robinhood’s value tops $11bn on new funding round
The new valuation increased by nearly one-third from a previous round just one month ago.
PayActiv raises $100m Series C funding round led by Eldridge
The round comes less than a year after it became a Public Benefit Corporation.
Regtech firm kompany raises $6m in venture funding
The firm plans to use its new cash to develop KYC solutions.
Banking offering for landlords Zibo lands $10.5m
Zibo is a fintech for the “underserved landlord”.
Payroll firm CloudPay raises $35m in Series D funding
Firm plans to use new funding to build out infrastructure.
PayPal nabs Wells Fargo’s Peggy Mangot for venture capital role
Mangot was behind the launch of Wells Fargo’s challenger app Greenhouse.
Fintech funding rebounds in Q2 but deal numbers continue to fall
VC-backed fintech deals dived from 452 in Q1 to 397 in Q2.
Volante lands $35m, its first capital raise in two decades
The firm wants to turbocharge its offering, customer base and geographical presence.
Video: Top fintech stories this week – 31 July 2020
FinTech Futures’ weekly news round-up.
US remittance start-up Remitly lands $85m
The remittance market is set to suffer from the pandemic.
True Link lands $35m in Series B investment
The fintech’s valuation sits at around $115 million.
Venture capital firm Ribbit plans $600m fintech Spac
Bow Capital Management is also aiming to raise $350m for a tech focused Spac.
Video: Top fintech stories this week – 24 July 2020
FinTech Futures’ weekly news round-up.
Deposit grower Mantl raises $19m in extended Series A
The fresh capital adds to an extended $11 million Series A raise.
Lemonade rival Hippo raises $150m financing round
The Palo Alto, California-based start-up is valued in the investment at $1.5 billion.
Disposable card issuer Privacy.com lands $10.2m
The start-up has issued around five million virtual card numbers.
Bond bags $32m from Coatue, Goldman Sachs and Mastercard
Bond’s offering is based on “developer-focused” applications.
Robinhood lands $320m bumping valuation to $8.6bn
Its Series F stands at $600 million.
US buy now, pay later fintech Sezzle in $60m raise on ASX
The start-up still needs to close $5 million.
Marqeta plans 2021 IPO
The Oakland, California firm is tapping up investment banks.
RBC commits CAD 150 million to diversity push
It aims to increase the proportion of non-white executive hires to 30% from 20%.
Taulia to raise $60m from Ping An Insurance and JPMorgan
The finding could peg Taulia’s valuation at $400m.
Video: Top fintech stories this week – 10 July 2020
FinTech Futures’ weekly news round-up.
Banking Technology July/August 2020 issue out now
Unlocking the benefits of open banking.
Square’s $55bn valuation reaches skies of major US banks
Square is $20 billion away from matching Goldman Sachs’ market valuation.
Canadian data aggregator Flinks lands $11.8m led by NAventures
The fintech is moving into wealth and expanding to the US.
Video: Top fintech stories this week – 03 July 2020
FinTech Futures’ weekly news round-up.
Car repair loan fintech DigniFi lands $14m Series A
DigniFi also landed a hefty sum of private equity for its auto financing platform.
P2P payments app Chipper Cash lands $13.8m
The San Francisco-based start-up operates across seven African countries.
Cloud banking provider nCino files for IPO in US
nCino plans to raise $100 million in its IPO.
MayStreet secures $21m Series A investment
The investment will be used to accelerate MayStreet’s product development and expansion.
Pagaya raises $102m in Series D funding round
The US-Israeli wealthtech will use the investment to hire more top tier data scientists.
Payfone identity verification firm lands $100m
The firm uses mobile data to create a “trust score”.
Video: Top fintech stories this week – 19 June 2020
FinTech Futures’ weekly news round-up.
COVID-19: will fintechs crash, survive or get bought?
What can fintech firms do to ride out the storm?
Santander gets US challenger bank Upgrade to unicorn status
The San Francisco-based challenger has landed a $40 million Series D.
Chargeback raises $6.6m in Series A funding
The round was led by Fintop Capital and Next Frontier Capital.
M1 Finance raises $33m in Series B funding
Left Lane Capital led the new round, brining M1’s total raised to $55m.
Halal fintech Wahed lands $25m from Saudi Aramco’s venture arm
The Islamic finance industry is set to grow to $3.8tn by 2022.
