FinTech News

Digital bank Ipagoo has collapsed into administration after all its accounts were frozen following the Financial Conduct Authority (FCA) ordered it to cease all regulated activities

Installment payment platforms Splitit and AliExpress are bringing their “Pay After Delivery” offering to the United States, following successful roll-outs across Europe.

Residential mortgage loan exchange startup MAXEX has raised $38m in in a funding round led by Moore Asset Backed Fund.

With the impending risk of climate change and its economic and financial impact, environmental sustainability has become a societal responsibility and business reality. However, more needs to be done for banks to incorporate sustainability into their business strategies.

Of the 26 FinTech companies to raise rounds in the last seven days, cybersecurity and InsurTech companies enjoyed the most cash injections.

Mobility Capital Finance (MoCaFi), a mobile-first banking platform, has secured an investment from Mastercard, as well as the start of a new partnership with the payments giant.

MindBridge Analytics, an Ottawa, Canada-based data analytics company, has raised $8.4M in Series A financing.

Micro-lending platform KrazyBee has bagged a $8m Series A financing round led by Xiaomi Technologies and Shunwei Capital.

Theta Lake, the RegTech company, has extended its coverage for Microsoft Teams with the addition of audio and video recording capabilities and recording partner integrations.

Kroo, a UK-based neobank, has reportedly raised £26m ($33m) in its Series B funding round.