Funding Rounds

Spanish Bnext has just completed a $25m funding round to expand its offering to offer more premium banking products.

Metro Bank’s stocks plummeted last week after the bank failed to whip up excitement about its bond offering. Now it seems activist investors are circling the challenger bank.

Private equity firm Development Partners International (DPI) has injected $54m into Channel VAS, the FinTech company.

Digital pay-as-you-go insurance provider DeadHappy have raised a £4m Series A round from venture capital firms e.ventures and Octopus Ventures.

Cryptocurrency startup Fold has added support for fiat currencies, government issued money that is not backed by a commodity, to its service that allows people to shop and get bitcoin-back rewards.

The UK branch of the Spanish bank Santander has enlisted the services of cloud-banking developer nCino to refresh some of its systems.

Having only launched in April 2019, challenger bank Mercury has already raised a $20m Series A round to fuel its growth as it aims to support tech startups.

Germany-based omni:us has been given €1.6m ($1.7m) by the European Commission to keep developing its machine-learning powered insurance claim platform.

Mobile self-checkout service Mishi Pay has reportedly raised £3.5m in its Series A round.

Klar, a Mexico-based challenger bank, has raised $57.5m in a round comprised of seed funding and debt financing.