SME neobank Open bags $50m, becomes India’s 100th unicorn
The Series D round was led by IIFL with participation from existing investors Temasek, Tiger Global, and 3one4 Capital.
The Series D round was led by IIFL with participation from existing investors Temasek, Tiger Global, and 3one4 Capital.
Point enables homeowners to unlock equity from their homes.
The round saw participation from Target Global, Global Founders Capital, Finch Capital and Partech, among others.
Investables allows retail investors to purchase fractional shares in rare collectibles.
The cash will be spent on Minka’s ongoing clearinghouse and central bank infrastructure modernisation project.
Fintech start-up Humla will be powered by a BaaS platform developed by SEB’s innovation studio SEBx.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The round saw participation from Teachers’ Venture Growth, Index Ventures, Valar Ventures, Creandum and Redalpine.
A handy round-up of the recent funding endeavours of Asian fintech firms.
This week’s funding round-up includes three North American fintechs – CoreChain, OneVest & Crowdz.
Our weekly fintech round-up for you to get the latest funding news from the Middle East and Africa.
The appointment comes after the firm experienced its strongest quarter since the start of the Covid-19 pandemic.
A handy round-up of the recent funding endeavours of fintech companies across Europe.
Banking Circle expects more than 20% of e-commerce transactions in Europe will be made via A2A payments by 2023.
“This authority gives us critical agility to move as quickly as the market,” CFPB director Rohit Chopra says.
The latest round takes Copper’s total capital raised to date to $42.3 million.
Cogni claims to be focused on bridging the gap between Web2 and Web3 capabilities.
Saltare aims to give large organisations the tools to pay suppliers and partners more quickly.
CEO Vlad Tenev cites duplicate roles and job functions and “more layers and complexity than are optimal”.
Nexa Equity aims to scale Choice through both “organic initiatives” and strategic acquisitions such as DPC.
The bank will integrate Moneythor’s personal financial management features.
The company was founded by WePay alumni Parag Gupta (CEO) and Sankate Sharma (CTO).
Both financial institutions are set to implement Backbase’s Engagement Banking Platform.
The co-branded app is aimed at parents and youngsters between the ages of seven and 13.
The company aims to be the go-to provider for digital identity and anti-financial crime services across Europe.
The funding was raised at a pre-money valuation of $60 million, according to Sky News sources.
The challenger plans to “build a war chest for acquisitions”.
The acquisition is expected to close in Q3 2022, subject to customary regulatory conditions.
MoneyGram responded to the “baseless claims”, adding it is “fully prepared to vigorously defend itself”.
Mirabaud’s planned digital transformation programme will take several years to fully implement.
Hamilton has more than 20 years worth of experience in senior leadership and information technology roles.
The acquisition, for an undisclosed sum, is set to strengthen the firm’s client lifecycle management platform.
The company’s co-founder Bion Behdin is relocating to its new London office.
The firm says it will use the funds to make quality education more accessible across India.
The partnership will offer new debit and credit card capabilities for businesses and consumers.
The FCA review found some UK challenger banks have “weaknesses” with regards to financial crime controls.
Avaloq says its core platform “creates a solid foundation for Cathay Bank”.
The seed funding is made up of a combination of equity and debt.
Multicent will offer personal and business accounts, a crypto exchange and merchant services.
Here’s our pick of five of the top news stories from the world of finance and tech this week.