FinTech News

European VC Notion Capital has closed its third venture fund with $140m and launched a new $80m growth equity fund. The London-based firm focuses on enterprise SaaS and cloud companies.

Big data service PeerNova has picked up $7m in a new round of venture funding. The round’s investors are undisclosed.

Chinese government-backed VC SILK Ventures is launching with $500m to fund tech companies across the US and Europe expanding into the Chinese market.

Digital banking company Fidor has appointed a new global CFO ahead of its international expansion plans. Brad Whittfield will take on the newly-created role based in Fidor’s Dubai global expansion hub.

Car warranty and insurance startup Protect My Car has secured $7m in a Series C funding round from Great White Shark Opportunity Fund.

Indonesian peer-to-peer lending platform Taralite has picked up $6.3m in funding round from Japanese conglomerate SBI Group.

Alibaba Entrepreneurs Fund is making its first FinTech investment in backing Hong Kong-based invoice financing platform Qupital's Seed round.

Invoicing financing platform MarketInvoice has inked a deal with Portuguese Banco BNI Europa (BNI) to provide £45m in lending commitments annually.

Indian micro-lender AYE Finance has secured a $3m credit line from public lender the State Bank of India. The company operates a network of 22 branches around seven Indian states.

Digital payment solution Payrailz has closed a $6.1m investment from First Data, Live Oak Ventures, Woodforest National Bank, Webster Bank and TTV Capital.