Simudyne closes $6m funding with Barclays’ aid
This brings the total capital raised to $10m.
Investment & Funding
LendInvest to enter home loan market with up to £200m HSBC funding
Company’s ambition is to become a whole-of-the-market mortgage provider.
SESAMm targets US market after EUR 4.4m funding round
Expansion to Japan and London is the next objective.
Kudi raises $5m to expand bank agent network in Nigeria
Series A funding will support mission to serve underbanked people.
Onfido raises $50m for fraud battle boost
It brings the firm’s capital to more than $100 million.
Boost Payment Solutions closes $12m funding
Aimed at raising its profile to provide payments across industries.
Affirm thrives with $300m Series F funding
The Californian firm offers point-of-sale financing.
OpenGamma raises $10m for data analytics boost
It will increase presence in London, New York and Singapore.
Bill.com raises $88m for business payments push
Led by Franklin Templeton with participation from Mastercard, Fidelity Investments Canada, among others.
PayPal invests in potential collaboration with Cambridge Blockchain
The funding is an extension of the firm’s Series A round.
TransferWise to float stake for fundraising
It is rumoured that it is being organised by investment bank Goldman Sachs.
Ellevest raises $33m from high profile female investors
Investors include Melinda Gates’ Pivotal Ventures.
Kyriba plans $160m growth round led by Bridgepoint
$60 million earmarked for innovation investment.
MineralTree closes $50m growth equity investment for AP solutions
The firm has doubled in size throughout 2018.
Qupital raises $15m Series A to expand into mainland China
Hong Kong fintech plans to hire and grow.
Rewire helps migrants in Europe with $12m funding
The banking platform is targeted at making international payments easy.
Nutmeg prepares crowdfunding and international launch
The crowdfunding on Crowdcube will come in summer.
YellowDog fetches £2.5m extra in Series A
This news follows the £1.7 million raised in March of last year.
Network International’s LSE float attracts £300m Mastercard investment
Partnership aims to penetrate MEA region.
Credijusto closes $100m credit facility with Goldman Sachs
The Mexican lendtech provides SMEs with credit.
ING and Bank of Beijing create digital bank in China
Through an investment of $447 million.
Airwallex becomes payments unicorn with $100m funding
The low-cost payment provider is now expanding to the UK and Europe.
VC financing enables MeaWallet management buyout
Thanks to a “substantial capital injection” from Idekapital
Sayata Labs attracts $6.5m seed funding for cyber insurance tech
Cyber risk assessment solution is described as ‘game-changing’.
Honeybook raises $28m to help freelancers
An app targeting freelancers and solo entrepeneurs.
Network International to float on London Stock Exchange
The IPO will make at least 25% of its issued share capital on the LSE.
Thinknum gets $11.6m funding for alternative data platform
Thinknum, a provider of web-sourced alternative data, is announcing a $11.6 million Series A funding round.
StanChart’s new platform connects start-ups and investors
SC Ventures Fintech Bridge will serve as a nexus for industry players linked to the bank.
Instarem aims at Japan and Indonesia with $41m funding
This latest round takes InstaReM’s total funds secured to $59.5 million, with an expected IPO in 2021.
Crypto app Donut gets sweet $1.8m seed funding
Bringing “convenience, trust and accessibility” to managing and transacting in crypto assets.
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
Tech giant SAS commits to £1bn AI investment in three years
It aims to develop new AI skills as well as teach customers how to use them.
Capital Markets Gateway gets its way with $7.5m funding
Creating a path for capital markets professionals with a round led by StageDotO.
Thailand prepares portal for regulated ICOs
The country prepares new funding routes but keeps alert to fraudulent activities.
Cosimo Ventures invests in blockchain and digital assets firms
VC firm makes three investments in Gecko Governance, Lingar and Oneiro.
HSBC backs insurtech CXA Group’s $25m funding
Singapore-based firm looking for expansion across Asia-Pacific region.
Kakao’s crypto business raises $90m funding
Ground X plans to raise a similar sum this week.
US Fed bars ex-Goldman Sachs staff over 1MDB misuse
Two former employees are prohibited from the banking industry.
Dubai International Financial Centre launches $10m fintech fund
DIFC plans to invest in start-ups in Middle East and North Africa.
Tide seeks £60m funding following RBS grant
UK challenger bank also plans more funding rounds in next couple of years.
