Volt closes $70m ahead of IPO plans
Volt plans for $50 million Series D round with British and Middle Eastern investors.
Investment & Funding
Lydia raises €40m in Tencent-led Series B funding round
Tencent-backed funding to be used to avoid “costly mistakes”.
Tink raises €90 million to power European expansion
Swedish open banking firm brings funding total close to the $200m mark
BMLL appoints Paul Humphrey as CEO
Johannes Sulzberger, outgoing CEO, will remain on the board as a non-exec director.
Australian fintech Wisr raises $33.5m for P2P lending marketplace
New and existing “high quality” institutional investors took part.
Capital markets fintech iStox raises $5m in South Korea
iStox claims to offer one-stop issuance, custody and trading of digitised securities.
Fintech Autenti lands $4.48m from three major Polish banks
Alior Bank, BNP Paribas and PKO Bank Polski have all invested.
Revolut valued at $5bn by investors ahead of new fundraising
The valuation is nearly three times its last estimated valuation of $1.7 billion.
Visa invests in data security start-up VGS to boost fintech innovation
The size of the investment has not been revealed.
Tradeshift raises $240m in bid to become profitable
CEO Christian Lanng confirmed Tradeshift is not planning a 2020 IPO.
WisdomTree takes lead in $17.65m Securrency investment
It plans to pursue the integration of blockchain technology into the ETF ecosystem.
Why start-up boards are here to stay
Start-up boards are often overlooked and underappreciated.
PayU nabs controlling stake in PaySense, plans merger with LazyPay
PayU splashes $185 million on new acquisition.
Indian challenger founded by Google Pay execs raises $13.2m
Former Google Pay execs aim to tap into India’s millennial market.
Know Your Customer and Botsync close first $2.5m on Hong Kong’s AngelHub
The rounds are part of a larger $50 million Series C round by AngelHub.
Payments app KogoPay crowdfunds £200k and hits £10m valuation
The London and Bangkok-based start-up tallied 281 investors.
Texan fintech HighRadius raises $125m and hits unicorn status
Customers include Nike, Burger King and Sony.
Financial management app Muse reveals £500k funding target
The fintech launched its app just a few weeks ago.
Receipt Bank raises $73m in Series C funding round
Bookkeeping fintech will use funds to boost international growth.
Tokyo: fintechs welcome!
Japan is keen to turn Tokyo into the number one financial hub in Asia.
Reasons behind the rise of fintech companies popularising stock market investing
Being financially successful is ‘cool’ and is a growing aspiration for younger generations.
Omnio lands €15m in private placement
Further €10 million anticipated in January 2020.
SME challenger bank B-North raises £2m funding
The bank’s first regional “Lending Pod” will open in Manchester in Q2 2020.
A market course correction will rein in overblown valuations in 2020
Recent disappointing IPO stories are sending investors back to the drawing board.
Ripple raises $200m in Series C funding round
Ripple says the investment marks its “record year”.
Wealth Wizards seeks £30m funding and new investors
The wealthtech aims “to make expert financial advice affordable and accessible to everyone”.
UK fintech Rebank raises $2.8m seed round to help businesses bank
The start-up sits on top of businesses’ bank accounts.
Video: Top fintech stories this week – 20 December 2019
FinTech Future’s weekly news round-up.
AI-powered pension solution Abaka raises $6.5m in Series A
The fintech says it’s “one of the biggest” investments for the pensions and retirement space.
Supplement: the 2019 fintech review
Ruby Hinchliffe dissects her top five 2019 fintech trends from this year’s top stories!
Mexico’s neobank Albo raises $26.4m Series A total
The round was led by Valar Ventures, PayPal founder Peter Thiel’s fund.
Time is now: US investors seek fintech opportunities abroad
Fintech investors are looking outside of the US for greater returns.
Hong Kong’s fintech WeLab raises $156 million to launch WeLab Bank in 2020
Backers included Alibaba’s Hong Kong Entrepreneurs Fund and China Construction Bank.
Portify raises £7m to offer gig economy and freelancers access to credit
The UK start-up landed a partnership with Deliveroo earlier this year.
Mexican neobank Flink gains seed funding from Spanish firm Latina
The Spanish technology company sees a bright future in Flink.
Berlin-based insurtech Wefox raises $110m Series B extension
The CEO puts success down to its technical understanding of risk.
Plug and play platform FintechOS raises £10.7m
The start-up enables banks and insurance companies to compete with challengers.
Freetrade brings first native full stack solution to UK
The exec team come from Snapchat, Google and KPMG.
Montréal’s FlexPay raises $6m in seed round
The fintech says 24% of recurring credit card transactions are falsely declined.
Brazilian fintech Cora raises $10m, founded by Wirecard company creators
Founders Igor Senra and Leo Mendes created MOIP which was bought by Wirecard in 2016.
