US unicorn AvidXchange lands $128m
The fintech is already backed by PayPal co-founder Peter Thiel and Mastercard.
Investment & Funding
UK trading app Freetrade to launch sixth crowdfunding campaign
Last year saw the fintech raise £1 million in just 77 seconds.
SoFi acquires Hong Kong stock trading app 8 Securities
“Hong Kong, a financial capital of Asia, is ripe for innovation,” says SoFi’s CEO.
Nordic API Gateway lands $5m from Danske Bank and DNB
The fresh capital will initiate an “aggressive growth” plan to achieve pan-European coverage.
Israeli fintech BioCatch raises $145m in Series C
More than 40 financial institutions use BioCatch’s technology.
Crypto Finance raises $14.5m in Series B funding
The new capital will help the firm gain a Swiss broker-dealer licence.
Trade Republic lands $62m in Series B funding
German firm secures one of the largest Series B funding rounds the region has ever seen.
UK government launches £1.25bn coronavirus Future Fund for start-ups
Start-ups can apply for loans between £125,000 and £5 million.
Airwallex raises $160m in Series D funding to fuel global expansion
Payment unicorn plans acquisitions, partner programmes, and more.
All things equal
Understanding where the industry stands at present in terms of the gender gap is essential to trying to address it.
Video: Top fintech stories this week – 17 April 2020
FinTech Futures’ weekly news round-up.
Stripe bags $600m in fresh funding to hit $36bn valuation
Stripe recently added Zoom as one of its main customer.
Robinhood is raising fresh capital at an $8bn valuation
It apparently made $60 million in March – triple what it made in March 2019.
Identity verification platform Onfido bags $100m from TPG
The start-up wants to create an alternative “identity verification” layer for the internet
Previse bags $11m from Mastercard and Reefknot Investments
In the next five years, Previse wants to get five million suppliers paid instantly.
VibePay opens up APIs to SMEs, lands £1.25m funding
Originally planned for Q3 of 2020, the fintech brought the launch forward
Credit Kudos lands £5m Series A ahead of FCA’s credit market study
The capital raise was led by AlbionVC.
Big data fintech GeoDB bags £1.37m from Seedrs investors
The UK fintech combines big data, blockchain and crypto into ‘Big – Crypto’.
Indian challenger-to-be Jupiter raises $2m in venture funding
The new round comes as a top-up to a $24m injection from November 2019.
Visa invests in open banking platform Railsbank
The regtech firm gained extra capital from Japanese VC Global Brain.
UK fintech Phos raises €1.3m
The round was led by New Vision 3, an early-stage VC based in Bulgaria.
Vietnamese fintech Finhay bags funding from Acorns’ co-founder
Acorns says the fintech is “revolutionising” access to wealth management.
2020 Review: Top 10 M&A deals this quarter
A look back at some of the biggest deals this past quarter.
2020 Review: Top 10 funding rounds this quarter
A look back at some of the biggest investments this past quarter.
Video: Top fintech stories this week – 10 April 2020
FinTech Futures’ weekly news round-up.
Cultivate investor platform aims for Silicon Valley in Europe
The new platform founded has been created by venture firm Blossom Capital.
Singapore’s financial regulator unveils $87.8m fintech care package
The package is one of the most fintech-specific aid offerings seen so far.
Visa pours $210m into the coronavirus effort to help SMEs
Visa will split the money between NGOs and investment partners.
Banking Technology April 2020 issue out now
All things equal: Closing the gender gap in fintech.
Judo Bank lands $307m from government to support SMEs
“This is a really substantial additional signal of support by the government,” says co-CEO.
86 400 raises AUD 34 million in Morgan Stanley-led Series A
This brings the total capital raised by 86 400 up to AUD 90 million.
What would a coronavirus start-up aid package mean for UK fintech?
Coronavirus could “wipe out a generation of start-ups”, says one fintech founder.
Privitar raises $80m in Series C featuring ABN Amro
The latest funding round brings London-based Privitar’s total raised up to $143 million.
Curve launches numberless cards for new investors
Fintech claims that it has decluttered its “sleek” new cards.
Rangewell calls for Nationwide’s returned £50m to go towards COVID-19 effort
Business finance firm says the bank has abandoned finance plans “when they are most needed”.
API builder Yapily lands $13m Series A
The capital raise was led by Revolut-backer Lakestar.
Nordic challenger Lunar adds $21.6m to its Series B
Monzo’s former head of product Ole Mahrt will also join its board of directors.
Manchester’s fintech scene needs a homegrown unicorn, says report
Manchester is already home to five homegrown ecommerce unicorns.
InvestSuite raises €2m in extended seed funding
The Belgian firm will put the money towards a global expansion.
Japanese challenger Kyash lands $45m Series C
To date, the fintech has raised $73 million since its creation in 2015.
