Crypto firm Cobo scores $40m Series B to develop DeFi platform
Singaporean FinTech firm Cobo has raised $40m from a Series B funding round to develop what it claims is the first ever DeFi-as-a-service platform.
Zip extends global reach into India with ZestMoney investment
Australian buy now, pay later (BNPL) company Zip has invested $50m into Indian BNPL firm ZestMoney to expand its global grip on the payment market.
PayTech Swapi reels in £860k pre-seed to expand team
UK e-wallet platform Swapi had raised £860,000 from a pre-seed funding round that included Trampoline Ventures.
Neobank FloBiz seeks expansion following Sequoia-led Series B
Flobiz, an Indian neobank for small-and-medium sized businesses in India, has secured $31m in funding from a Series B round.
XTransfer eyes upgrade following $138m Series D funding haul
Financial and risk management services provider XTransfer has raised $138m from a Series D funding round led by D1 Capital Partners.
Number of new FinTechs fall as investors hedge bets on established firms
Research by Claurus Investments has found investment in early-stage FinTech funding rounds is declining as investors begin to focus their capital on more mature companies.
Envelop Risk concludes SoftBank-led Series B with $130m
Cyber and speciality (re)insurance firm Envelop Risk has secured $130m from a Series B funding round led by SoftBank Vision Fund 2.
Sproutt eyes bolstered life insurance offering following $26m Series B raise
Life insurance firm Sproutt has raised $26m from a Series B funding round led by MoreTech Ventures.
Lightyear scores $8.5m seed funding as it begins investment app roll-out
UK commission-free stock trading app Lightyear has pulled in $8.5m from a seed funding round led by Mosaic Ventures.
Xendit enters unicorn club following Tiger Global-led Series C
Indonesia payments firm Xendit has reeled in $150m from a Series C funding round and has pushed its valuation over the $1bn mark.
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