FinTech News

Blockchain and smart contracts company Libra has hired Siemens former chief risk officer (CRO) Dr Gerard Brennan as its director of audit technology.

Mortgage robo-advisor MortgageGym has raised ?2m in a Seed funding round ahead of its launch in the summer.

Real-time commerce platform for banks Numerated Growth Technologies has picked up $9m in funding after spinning out of Eastern Bank’s Eastern Labs FinTech incubator.

Singapore-based robo-advisor StashAway has raised S$3m ($2.15m) to launch its regulatory approved service in the city.

Silicon Valley veteran investor Menlo Ventures has raised $450m for its 14th VC fund targeting early-stage tech investments.

European peer-to-peer (P2P) payments app Verse has pocketed a $20.5m Series B round led by Spark Capital.

Indian lending startup PaySense has raised $5.3m in a Series A round led by Jungle Ventures. Naspers Group and Nexus Venture Partners also participated in the round.

Payments gateway startups Telr has picked up $3m in a Series B round led by Innovation East Funds.

Financial news curation platform Accern has raised $1.2m in a Seed round. Rostra Capital, Gurtin Ventures, 26 Ventures, Belmont Capital and Affinity Investment Group all participated in the round alongside angel investors.

Lending Club is hiring Steve Allocca PayPal global head of credit as its president as the lender continues to move away from the scandal that overturned its fortunes last year.