Credit Scoring

Challenger banks and InsurTech ventures stood out among the 23 FinTech companies that successfully raised money last week.

What do the 30 FinTech funding rounds from last week tell us about the state of the industry?

Credit score company TransUnion has made a $20m Series A-1 investment into personal finance app FinLocker, alongside the establishment of a new commercial partnership agreement.

Credit underwriting software developer Zest AI has closed a $15m investment from Insight Partners.

Last week proved to be good week in terms of FinTech investment, with the rounds revealing the state of CyberTech and InsurTech.

FinTech Bloom Credit has bagged $13m in a Series A funding round led by Allegis NL.

Petal, a credit card company helping people to build credit, has closed its Series C on $55m so it can help more people in these tough times.

German FinTech startup Monedo has gone bust, leaving the rest of the industry to speculate what this means for the sector.

Another German FinTech giant bites the dust with Monedo filing for bankruptcy after the pressures of Covid-19 became too much for the once celebrated company backed by investors like Peter Thiel and Naspers.

Many RegTech ventures use artificial intelligence, but when they do it is essential that they do so in an ethical way.