PrimaryBid closes £7 million funding round to fuel expansion
It will use the funds to expand its sales and marketing efforts and IT developments.
Investment, Asset & Fund Management
Foloosi targets GCC expansion with $500k seed funding
The Dubai-based start-up offers cashless payment solutions.
Banking Technology September 2019 issue out now
Thriving in a hyper-connected world.
Tinkoff launches Pulse social network for investors
Tinkoff’s app is now a “one-stop shop” for all communication.
Ethical investment platform Yielder completes Series A funding round
Yielders has set its sights on securing licenses in Pan-Asia and the GCC.
EQT will raise at least €500m in IPO
EQT is the world’s seventh largest private equity fund.
Fintech start-up Byhiras chosen for UK pension solution
The solution will be used by all UK LGPS pension funds by Q1 2020.
Danske reported to police over investment mis-selling
The Danish regulator says Danske broke investor protection rules.
Chairmans Financial rescues Ipagoo from administration
Chairmans plans to buy 100% of Ipagoo and some assets from its parent software company.
Top fintech stories this week – 30 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Singapore opens applications for new digital bank licences
Applicants must be committed to Singapore’s future.
Challenger investment firm founder launches legal action against UK PM Boris Johnson
SCM Direct founding partner, Gina Miller, takes the Brexit battle to court once again.
Insurtech start-up Kin raises $47 million
The company will launch a home insurance carrier in Florida.
Ethos raises $60m led by GV and Goldman Sachs
The insurtech has since raised a more than $100 million to-date.
Platform9 targets global growth with $25m funding
The firm helps companies run cloud-native infrastructure at scale.
Cybersecurity start-up Axonius closes $20m Series B
This was the firm’s second fundraise of the year.
ICBA invests in Teslar Software for community banks
The undisclosed investment brings Teslar’s seed capital to $2 million.
Insurtech Hedvig raises €10.3m
The funding values the company at SEK342 million ($35.5 million).
Standard Bank and Nomanini sign 12-months in the making $4m deal
Nomanini will be looking to raise additional funding for growth.
Indian digital payment firm BharatPe raises $50m
The company is now valued at $225 million.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
Top fintech stories this week – 23 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Tala raises $110m for expansion plans
PayPal Ventures also participated in the round.
Investment group Octopus acquire “indispensable” Seccl Technology
Seccl wants to help smaller firms “get a shoe in” with big providers.
Indian start-up Scripbox acquires competitor Upwardly
The platforms chose collaboration over competition.
CIBC chooses SEI wealth platform to drive growth
The technology provides an “enhanced, unified solution”.
FinMkt closes $5m Series B
It provides highly customisable tech for the online lending industry.
Top fintech stories this week – 9 August 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
ScaleFactor closes $60m Series C funding round
The platform has since raised $100m in 12 months.
Beynd scores $2m seed round
The company uses its own software to onboard its customers.
Fraud fighting platform secures additional $2.5m funding
Eftsure will be expanding the product suite to cover international payment verification.
Klarna bags $460m equity funding
It’s now the most valuable EU fintech with a valuation of $5.5 billion.
Penta raises €8m in funding round
The round was led by HV Holtzbrinck Ventures.
Grayscale selects Coinbase to store $2.7bn worth of assets
Coinbase Custody had reached $1 billion in crypto AUM in May.
Judo bank breaks Aussie record with $400m round
90% of previous investors took part in the second funding round.
Capital Markets Elite Group picks ERI’s Olympic core banking system
It will run all of its brokerage and wealth management operations.
Supply@ME picks SIA’s blockchain to host new fintech platform
The cross-border platform will optimise companies’ working capital.
Gatsby gets $1.5m funding for social trading
The platform is onboarding users gradually.
Bambu raises $10m to grow global team
The robo-advisory start-up will use it to offer more products.
MeDirect chooses Crealogix for digital investment platform
The platform saw a successful launch in Belgium.
