FinTech News

Perpule closes seed funding for queue-jumping payments

In-store payments app Perpule has secured $650,000 in Seed funding led by Kstart a sister company of VC Kalaari Capital.
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Riga-based lender Creamfinance lands €21m

Riga, Latvia-based consumer lending startup Creamfinance has raised €21m in new funding. The Series B round comes from Capitec Bank.
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Carro parks $12m to pump into FinTech arm

Singapore-based auto marketplace Carro has picked up $12m in funding to pump into its FinTech division. The round’s lead investor is undisclosed.
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Quantexa scores $3.3m to take on financial crime with data

Financial services big data and analytics company Quantexa has landed a $3.3m investment from Albion Ventures and HSBC. The London-based startup uses its data software to tackle financial crime .
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Savings app Squirrel crowdfunds fresh £585,000

Savings app startup Squirrel has secured £585,000 in a crowdfunding campaign on SyndicateRoom, surpassing its £400,000 target. The capital comes from a group of 70 investors.
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Stripe-backer Square Peg Capital closes $180m fund

Australian venture capital firm Square Peg Capital has closed its latest fund with $180m (AU$234m). The firm invested in payments disruptor Stripe’s $100m Series C round in July 2015.
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Point-of-sale mortgage startup cloudvirga nabs $15m

Point-of-sale mortgage company cloudvirga has raised $15m in a Series B round. The funding for the Irvine, California-based startup comes from Blackstone Group portfolio company Incenter.
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Swiss SME lender Tradeplus24 secures $100m credit facility

Swiss SME lender Tradeplus24 has secured a $101m credit facility from boutique investment house Oceano One. Zurich-based Tradeplus24 is parented with AIG and Kessler & Co.
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Big Squid grabs $3m to predict business scenarios

Predictive analytics firm Big Squid has landed $3m in a seed funding round led by Silverton Partners and Kickstart Seed Fund.
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Warburg Pincus takes stake in core software firm Avaloq

Private equity firm Warburg Pincus is acquiring a 35% stake in Swiss financial software firm Avaloq. The deal will see Warburg Pincus pump a reported $300m into the Zurich-based company.

News Stories

Middle East retail investing: the WealthTech opportunity

Retail investment and preparing for retirement is gaining traction in the Middle East. For Fredrik Davéus, CEO and co-founder of Kidbrooke, this isn’t just...
Why good-weather pension numbers are misleading participants

Why good-weather pension numbers are misleading participants

As the Netherlands' pension sector navigates its Wet toekomst pensioenen (Wtp) transition, a growing body of regulatory guidance and independent research suggests that the...
Nordic banks turn to CaaS to fight rising fraud

Nordic banks turn to CaaS to fight rising fraud

The Nordic region is among the most cashless in the world, with cash accounting for fewer than 5% of all transactions in Norway and...
Global FinTech funding continued its strong surge over the past two weeks, with approximately $2.17bn raised across 23 deals, as cybersecurity firms saw major deals come to fruition.

Global FinTech funding tops $2bn as RegTech deals run rampant

Global FinTech funding continued its strong surge over the past two weeks, with approximately $2.17bn raised across 23 deals, as cybersecurity firms saw a...
How metadata supercharges AI document processing

How metadata supercharges AI document processing

Artificial intelligence is rapidly embedding itself into document-heavy organisations, promising to transform everything from contract analysis to compliance monitoring. Yet despite this momentum, many...

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