SME financing platform Funding Societies raises $294m in equity and debt
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
The start-up has raised $144m in equity, led by SoftBank, and $150m in debt financing.
The UK banking giant says it has taken steps to mitigate the impact of the closures.
Flutterwave says it has become the highest-valued African start-up with this investment.
The company says the investment is one of the largest ever primary equity raises in the sector.
Our weekly round-up for you to get the latest fintech funding news.
Tonik’s Series B equity funding round was led by Japanese banking heavyweight Mizuho Bank.
The investment will be used to bring insurance products to Rewire’s 600,000 users.
“We have seen a widening wealth gap trend without much sign of slowing down,” says Xrent.
Tribal says the Latin American region represents a $175 billion market opportunity.
Bold wants to accelerate Colombia’s transition from cash to a digital payments economy.
Mambu says it’s “the world’s only true Software-as-a-Service (SaaS) cloud banking platform”.
Unpicking bias in AI is a whole new fintech opportunity and one that appears to be very needed.
The firm says the investment is one of Canada’s largest fintech funding rounds.
The fintech’s ‘rent-to-mortgage’ programme is designed to direct rent payments toward homeownership.
Esusu is now one of just a handful of Black-owned unicorn start-ups in the world.
Demographics, technology and opportunity have set the stage for Africa to become a global fintech powerhouse.
Pinwheel provides an API that allows businesses to connect payroll accounts to their applications.
Keebo tackles financial exclusion in the “passion economy” – an economy built around “creators with a purpose”.
Finclusion has landed $20 million and Lipa Later has secured $12 million.
Numerated’s SaaS loan origination platform will support Agility’s business banking products.
Open banking is getting more mature day by day, and it keeps financial inclusion among its top priorities.
“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.
The company has now raised $110 million in total Series B funding.
Petal CEO says firm is hiring across the board for more than 100 positions this year.
FinTech Futures takes a look back at some of the year’s most eye-catching funding rounds.
FinTech Futures takes a look back at some of the year’s top mergers and acquisitions.
The new payments system will form the “backbone” of a broader retail payment system infrastructure.
MoMo says it will use the cash to expand the suite of financial products available on its ‘super-app’.
The acquision is expected to add $90m of revenue for MoneyLion.
Simply has provided £650 million worth of support to businesses since it was founded in April 2017.
Many lendtechs are looking to leverage the digital revolution to help drive post-pandemic recovery in the UK.
The funding will be used to support national and international expansion.
The start-up was formed through a merger of two consumer credit platforms earlier this year.
G20’s “Roadmap for Enhancing Cross-border Payments” – a landmark priority project.
The partnership will see 1,000 Smart Cash franchises opened in underbanked areas.
Miles will lead a global team based across Europe, South America and Asia.
Since its launch in September 2015, OakNorth Bank has lent over £6.5 billion to SMEs.
Cash will go towards strengthening its Indonesian operations and expanding its workforce.
Tischendorf joins from 4Finance Group, where he served as CTO.
The pandemic played a substantial role in boosting the adoption of open banking and APIs.