UK fintech start-ups WealthKernel, Fintech Farm and Bink attract funding
The trio of UK-based fintechs have attracted investment from a range of firms.
Start-up
Socially responsible savings app Cushon raises £35m, makes third acquisition
Cushon becomes the fifth largest master trust pension provider in the UK.
African fintechs Finclusion and Lipa Later raise pre-Series A funding
Finclusion has landed $20 million and Lipa Later has secured $12 million.
Regtech ComplyAdvantage reports record year, makes senior hires
Nabeel Vilcassim joins as chief financial officer (CFO) and Oliver Furniss as chief product officer (CPO).
African fintech start-ups Float and Asaak gain funding
Ghana-based Float and Uganda-based Asaak raise $17 million and $30 million, respectively.
De novo Agility Bank opts for Numerated’s loan origination platform
Numerated’s SaaS loan origination platform will support Agility’s business banking products.
Allica Bank selects core banking tech from start-up SaaScada
SaaScada’s tech will support Allica Bank’s new product range for SMEs.
So what?
Financial services exists to serve. And that means that when we are not of service, we are just in the way.
Amanda Mesler appointed chair of Swedish fintech Minna Technologies
The European fintech plans to “hyper-scale” and move into the US and Australia this year.
Spend management platform Spendesk hits unicorn status with €100m funding
Spendesk will use the funding to nearly double its workforce.
Danish digital bank Lunar taps Thought Machine for Vault core banking solution
Lunar says it is building the “go-to app” for banking, payments and investments in the Nordic region.
Fintech funding deals globally 10 January – 16 January 2022
Featuring Checkout, Qonto, CAIS, Qraft Technologies and SEBA Bank.
SaaS tech start-up financing platform Arc lands $161m investment
“We’re on a mission to help start-ups grow,” says Arc co-founder and CEO Don Muir.
Indian fintech FPL Technologies raises $75m in Series C round
Pune-based FPL’s products are designed to create a credit-savvy population.
If we truly value diversity, fintech needs to do much more
For all its forward-thinking and future-proofing, fintech is struggling when it comes to diversity and inclusion.
Video: fintech news pick of the week – Checkout.com funding; UK fintech investment; digital currency pilot in Bahrain
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Matt Collinge joins start-up Sequence as CTO
UK-based start-up Sequence is “creating a new category of software”.
Digital asset fintech Zero Hash lands $105m in Series D round
The round saw participation from Bain Capital, NYCA and Point72 Ventures.
Sydney fintech start-up Cape makes tech and product leadership hires
Julian Guppy joins as CTO and Andrew Fanner as chief product and marketing officer (CPMO).
Indonesian fintech start-up Pluang raises $55m in Series B follow-up round
The company has now raised $110 million in total Series B funding.
ICYMI funding round-up: DigiDoe, Acorn Finance, ThankUCash, Trust & Will, MDXT, & Paywatch
Don’t let funding announcements slip you by in this fast-paced industry.
Travel BNPL fintech Fly Now Pay Later lands $75m debt funding package
The funding package will finance the UK fintech’s expansion into the United States.
Accrue Savings raises $25m to offer consumers “a responsible purchasing option”
The Series A funding round was led by Tiger Global.
Crypto exchange CoinDCX names former Wells Fargo exec Divakar Prayaga head of information security
Launched in 2018, CoinDCX claims to be India’s “safest crypto exchange”.
French fintech Qonto secures €486m Series D funding to boost European growth
The bumper funding round takes the start-up’s valuation to €4.4 billion.
The dying art of arguing
No matter how smart you are, you may be wrong. And having the conversation will always teach you something.
US SME banking platform Novo raises $90m in Series B funding
Novo CEO Michael Rangel says the funds will go towards improving cash flow for small businesses.
Brex hires Meta product head Karandeep Anand as CPO, lands $300m funding
Since its founding in 2017, Brex has raised a total of $1.2 billion.
Fintech start-up Twig raises $35m to support Web 3.0 plans
The London-based fintech intends to expand into the EU and US in 2022.
Levenue acquires fellow Dutch financing platform Requr
Fintech says acquisition will make it the “go-to funding solution” for European subscription-based businesses.
Payroll automation start-up PayFit achieves unicorn status after €254m Series E
The fintech intends to hire 400 new employees across Europe in 2022.
Video: fintech news pick of the week – Petal, Unibo, & iProov
Our top pick of news from the world of finance and tech in bitesize video format, every week.
Alternative retirement investment platform Alto raises $40m in Series B
The firm claims more than 15,000 IRA investors with a billion dollars of assets under custody.
Credit building start-up Petal raises $140m in Series D, faces lawsuit
Petal CEO says firm is hiring across the board for more than 100 positions this year.
ICYMI funding round-up: Anfin, Cion Digital, D2X, KRM22, & Orenda Finance
Our weekly “In Case You Missed It” funding round-up for you to get the latest funding news.
Challenger bank Monument appoints new CEO as co-founder moves to corporate dev role
Ex-Barclays Ian Rand is Monument’s new chief executive officer.
The great perhaps
This year, we should have the courage to move away from what we’ve always known to really push what is possible.
Spanish neobank Unibo launches to cater for property managers
Unibo raised €500,000 in a seed round in November last year.
Financial wellness and savings app Flamingo launches in Australia
Flamingo aims to help the 31% of Australians who reported being under financial stress.
How can female leaders in fintech pave the way for the next generation of women?
Fintechs must create road maps for the next generation of women in this industry to follow.
