Funding Rounds

African telecom company Africell secured a huge loan in May from the US government, which it will now use to build up its infrastructure and FinTech capabilities.

A new $400m round could have pushed challenger bank NuBank valuation over the $10bn mark, making it allegedly join the coveted decacorn club. That means it could be a unicorn ten times over.

Mobile payments platform Payconiq has raised more than €20m in a funding round led by existing shareholders.

Digital Assets Data, which designs enterprise-grade software and data feeds for the crytpoasset space, has netted $3.2m in an equity round.

Paysend, an international remittance platform has reportedly raised £8.5m in its Series B round, which was made up of venture firms and crowdfunders.

Restaurant management company Toast has acquired HR and payroll solution StratEx for an undisclosed amount.

Investment in RegTech companies has reached record levels in the first six months of 2019. The question is why that is and if the growth will continue.

Standard Cognition, an AI-powered automated checkout service, has collected $35m in its Series B round.

Boston-based Cryptocurrency investment firm Circle has received a licence in Bermuda to provide payment, custody, exchange, trading and other financial services for cryptos.

Buy-to-let mortgage lender Landbay has signed a $1bn deal with an unnamed leading financial institution to help fund loans over coming years.