What these 25 funding rounds tell you about where the FinTech industry is going
Cybersecurity has had a big funding week with ReliaQuest picking up the biggest round last week, but several challenger banks and InsurTech ventures also bagged considerable cash injections.
Esusu extends seed round with another $2.3m
Katapult Accelerator almuni Esusu has bagged $2.3m in a seed extension round, bringing the total raised in this round to $4m.
Blacksoil Capital bags $3.4m as it pivots its focus because of Covid19
Credit platform Blacksoil Capital has secured $3.4m from more than 60 investors who injected the cash through non-convertible debenture placements.
CredoLab bags $7m in Series A round led by GBG
Digital risk company CredoLab has secured $7m in a Series A round led by global identity data intelligence company GBG.
FPL Technologies said to raise $10m for its Series A round
India-based FPL Technologies has reportedly bagged $10m in its Series A funding round to support the wider distribution of its credit card.
American Express acquires small business loans FinTech Kabbage
American Express has acquired small business loan platform Kabbage in a deal that will see the payment giant gobble up the Covid-19 beleaguered FinTech's team, solutions and IP.
Square is testing short-term small loans through its Cash App.
Payment solutions provider Square is trialling a small and short-term loan feature in its Cash App.
Curve makes bid for £10m grant from the BCR Capability and Innovation Fund
UK FinTech Curve has made a bid for a £10m grant in order to upgrade SME financing during the pandemic.
Eduvanz bags $3m in new investment round
Student loan startup Eduvanz has secured $3m in a Series A round led by Sequoia's SCI Investment VI fund.
Venio launches its credit app in the Philippines
New York-headquartered Venio has begun offering easy-to-access credit facilities to unbanked consumers in the Philippines.
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