Investors

28 FinTech rounds from last week you should know about

The WealthTech and cryptocurrency FinTech sectors were among some of the winners of the investment rounds recorded last week.

Chinese fintech backer Gaorong Capital collects $450m for new fund

Gaorong Capital, the Chinese early stage investment house which rebranded its UK name from Banyan Capital six months ago, has raised at least $450m for its fourth US dollar-denominated fund
fintech-news

FinTech investor Ribbit Capital looks for $300m for new fund

Palo Alto-based FinTech investor Ribbit Capital is on the hunt for a new fund. The Wealthfront, Avant and Funding Circle backer is looking for $300m, according to an SEC filing.
Bags

Loan discovery and management firm Bags packs up $3m

Bags, a small business loan discovery and management platform, has closed a seed funding round on $3m.

Circula rides expense management wave with ?12m Series A

German corporate expense management platform Circula has raised ?12m from a Series A funding round as the expenses management market continues to heat up.

Klarna rival Laybuy hauls in A$35m to boost its footprint in the UK

New Zealand-based buy now pay later firm Laybuy has closed a A$35m capital raise to further its push into the UK market.

What is the biggest challenge InsurTech startups face?

From bigger investment rounds to more insurers adopting the latest tech, many things are rapidly changing in the InsurTech space.

Nordic Capital closes Fund 9 on ?4.3bn, its biggest for over a decade

European private equity house Nordic Capital has raised its biggest fund for a decade by holding an above target ?4.3bn final close for its ninth flagship vehicle.

BlockSec scores $8m from seed funding raise

BlockSec, a blockchain security startup, has bagged $8m in a seed funding round co-led by Vitalbridge Capital and Matrix Partners.

Ziglu passes ?5m financing landmark in crowdfunding campaign

Personal money app Ziglu has cleared the ?5m investment milestone on its eighteenth day of crowdfunding on the Seedrs platform.

News Stories

Strong week in the FinTech sector with $1.7bn raised

FinTech Global this week reported on 21 recorded deals in the FinTech sector, with a strong showing in the reinsurance space bringing the total value recorded over $1bn.

EU regulator suggests revamp in sustainable investment rules

The ESMA has recently recommended a significant overhaul of the Sustainable Finance Disclosure Regulation (SFDR) within the EU.
MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

MNT-Halan expands into Turkey with acquisition of Tam Finans

MNT-Halan, Egypt’s largest non-bank financial institution and FinTech, has acquired Tam Finans, a prominent commercial finance company in Turkey.

EU banks and insurers lag in green compliance, PwC study finds

A recent PwC study has uncovered a striking deficiency in the alignment of financial institutions’ activities with the EU's taxonomy for sustainable activities. According...
India

India’s new climate finance taxonomy to propel green transition

India is poised to implement a climate finance taxonomy, as announced by the Minister of Finance, Nirmala Sitharaman, during the annual budget.

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