US LGBTQ+ neobank Daylight to close down
The final day of Daylight’s banking operations will be 30 June.
The final day of Daylight’s banking operations will be 30 June.
Paydock claims its platform “substantially” reduces costs, risks and efforts in a merchant’s payment experience.
Existing investor Tencent also increased its stake to become Tyme’s third-largest stakeholder.
The round takes the Restaurant365 valuation to over $1 billion.
With the latest funding, PhonePe has raised a total of $850 million in the current round.
The challenger has raised more than $20 million in its initial round of funding.
The debt facility will provide Cardless “flexibility” to meet growing demand for co-branded credit card products.
This week’s handy funding round-up includes six fintech firms from across the world.
The programme aims to help entrepreneurs from underrepresented communities scale-up their businesses.
Percent will use the funding to further develop its platform and propel its next phase of growth.
The company raised the new funding at an unchanged valuation of $4.5 billion.
Tipalti says the financing will go toward investments in product development and customer support.
Founded in 2020, Zip helps companies streamline B2B purchasing and manage business spend.
Lizzie Chapman, Ashish Anantharaman, and Priya Sharma are all set to leave the company.
A new cartoon illustrating the journey that once high-flying tech unicorns are facing in the current climate.
Smart plans to use the funds to expand globally, complete acquisitions and invest in its Keystone platform.
The debt financing was led by Standard Bank Group and the equity round by Sumitomo Corporation.
A handy round-up of the recent funding endeavours of fintech companies across the globe.
8fig will use the latest funding to continue investing in small and medium-sized e-commerce businesses.
The new investment will be split between Petal and Prism Data as the businesses look to scale.
The Washington DC-based lender will use the facility to hand out more loans to international students.
FinTech & InsurTech Digital Congress will be held on 17-18 May 2023 in Warsaw, Poland.
Blockchain “allows for secure, transparent and traceable financing for SMEs,” Voy Finance CEO Lee Tarone explains.
With the funding, Inbox Health plans on accelerating its growth by reaching out to more patients.
Slash claims over 20,000 entrepreneurs have signed up to its platform.
A new cartoon illustrating the challenge start-ups are facing to find exits.
The firm says its payments infrastructure will “modernise and democratise” digital payments for LatAm businesses.
Our weekly round-up for you to get the latest fintech funding news from around the world.
With the new funding, the Dubai-based firm plans to expand its footprint in Saudi Arabia.
The start-up will use the funding to expand in Nigeria and across other African markets.
Cover story: EVERYTHING, EVERYWHERE… but is all at once the answer?
It took this step due to a “number of outstanding debts” with “no reasonable prospect” of repaying them.
The funding will be used to advance Axoni’s technology and support its global expansion plans.
Our weekly fintech round-up for you to get the latest funding news from around the world.
A handy round-up of the recent funding endeavours of fintech companies across the US.
Clara has now raised a total of $160m in equity funding since it began operations over two years ago.
The Financial Times reports Allianz could be looking to sell its 5% stake in the digital bank.
Taking Stripe out of the equation, funding actually fell 12% over the same period, coming in at $8.5 billion.
Owens, who led the firm for 11 years, has been replaced by COO Jimmy Fitzgerald.
With the new funding, Super says it will scale its product and engineering resources.