FinTech Futures: Top five news stories of the week – 16 February 2024
Our pick of the top fintech news stories this week includes Monese, Virgin Money, Bank of America and more.
Kinnevik
Swedish VC firm Kinnevik writes off Monese investment in full
The investor has owned 21% of Monese since leading its $60 million Series B round back in 2018.
Fintech Bread lands $60m funding
Bread’s revenue has increased fivefold so far this year.
New investment boosts Betterment valuation to $800m
Robo advisor Betterment is now that much closer to achieving unicorn status – courtesy of a $70 million investment from Sweden’s Kinnevik. The investment takes Betterment’s total capital to $275 million, and gives the robo advisor a valuation estimated at $800 million, reports Finovate (Banking Technology’s sister company). Praising the “strong partnership” between his firm and Kinnevik, Betterment CEO […]
